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Sweetgreen , Inc. (NYSE:SG) Chief Financial Officer Mitch Reback recently reported a series of stock transactions, according to a Form 4 filing with the Securities and Exchange Commission. On February 18, Reback executed a series of sales involving Sweetgreen’s Class A Common Stock. The transactions come as InvestingPro data shows the company’s stock has experienced significant volatility, with a 99.8% gain over the past year despite a 23.2% decline year-to-date.
Reback sold a total of 10,926 shares, generating proceeds of approximately $100,538, with sale prices ranging from $25.00 to $26.96 per share. An additional sale of 6,926 shares was made at a fixed price of $27.18 per share, amounting to $188,248. These sales were in accordance with a 10b5-1 trading plan established in September 2024. The transaction prices were notably above the current trading price of $23.25, with the stock having retreated from its 52-week high of $45.12.
Additionally, Reback exercised stock options to acquire 4,000 shares at a price of $4.78 per share, totaling $19,120. Following these transactions, Reback holds 344,055 shares directly, with additional holdings noted under indirect ownership arrangements. For deeper insights into Sweetgreen’s valuation and 12 additional ProTips, visit InvestingPro, where you’ll find comprehensive analysis of this $3.15 billion market cap company.
In other recent news, Sweetgreen Inc. has been the subject of various analyst activities and assessments. Citi analysts recently adjusted their outlook on Sweetgreen, lowering the stock price target to $43 from $49 while maintaining a Buy rating. This revision was influenced by concerns over potential impacts on same-store sales due to factors like holiday shifts and weather conditions. However, Citi remains optimistic about Sweetgreen’s strategic initiatives, such as new products and loyalty programs, which they believe could support the stock moving forward.
On a different note, Citi previously upgraded Sweetgreen’s stock from Neutral to Buy, increasing the price target to $49. This upgrade was based on the expected growth of Sweetgreen’s Infinite Kitchen units and anticipated improvements in store profitability by 2029. Analysts at Citi highlighted the company’s potential for a significant financial turnaround, emphasizing the importance of strategic pricing.
Meanwhile, KeyBanc Capital Markets initiated coverage on Sweetgreen with a Sector Weight rating, acknowledging the brand’s growth potential and its automation efforts with the Infinite Kitchen concept. Despite a positive outlook, KeyBanc expressed caution due to Sweetgreen’s high valuation, which trades at over 50 times its estimated 2026 EBITDA. They noted that while Sweetgreen’s stock performance has been impressive, the current valuation might be steep compared to future earnings potential.
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