Sweetgreen, Inc. (NASDAQ:SG) Chief Financial Officer Jamie McConnell sold 4,000 shares of the company’s Class A common stock on November 10, 2026, according to a regulatory filing. The shares were disposed of at a price of $13.7601 each, bringing the total value of the transaction to $55,040. Following the sale, McConnell directly holds 206,489 shares of Sweetgreen Class A common stock.
The insider transaction comes as Sweetgreen shares trade near their 52-week high of $13.89, having delivered a remarkable 153% return over the past year. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value, placing it among the Most Overvalued stocks. Investors seeking deeper insights can access comprehensive analysis through InvestingPro, including 14 additional ProTips and detailed Pro Research Reports covering over 1,400 US equities.
In other recent news, Sweetgreen Inc. reported third-quarter revenue of $176.0 million, surpassing Wall Street’s expectations of $168.5 million. Despite this revenue beat, the company posted an adjusted earnings per share of negative $0.26, which aligned with analysts’ forecasts. The restaurant chain experienced a notable rise in same-store sales, with a 5% increase, as traffic rebounded faster than anticipated following disruptions earlier in the year. DA Davidson responded to these developments by raising its price target for Sweetgreen to $12.00 from $5.50, while maintaining a Neutral rating on the shares. The firm noted that sales trends have accelerated into October and November. However, Sweetgreen faced challenges with a sharp drop in comparable sales and lower restaurant margins, contributing to a still-weak full-year outlook. New restaurant openings contributed to a 2.0% rise in revenue from the previous year. These recent developments reflect ongoing dynamics within Sweetgreen’s operational and financial performance.
Sweetgreen shares closed at $13.24, down $0.12 or 0.90%, on the day of the disclosure. In after-hours trading, the stock slipped further to $13.20, a decline of $0.04 or 0.30%.