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Sweetgreen (NYSE:SG) Trading Down 4.1% – Time to Sell?
['Michael Walen']
Markets Daily
Sweetgreen, Inc. (NYSE:SG – Get Free Report) dropped 4.1% during trading on Monday .
Wall Street Zen raised Sweetgreen from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd.
Federated Hermes Inc. now owns 2,647,899 shares of the company’s stock valued at $17,900,000 after buying an additional 2,080,628 shares during the period.
Institutional investors and hedge funds own 95.75% of the company’s stock.
Sweetgreen Company Profile(Get Free Report)Sweetgreen, Inc is a fast-casual restaurant chain specializing in salads, grain bowls and warm bowls that emphasize fresh, locally sourced ingredients.