SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 14.4% Stake in Sweetgreen Inc.

FMR LLC and its affiliates, along with Abigail P. Johnson, have reported a combined beneficial ownership of 14.4% of Sweetgreen Inc.'s Class A Common Stock as of March 31, 2025.

Summary

• FMR LLC and Abigail P. Johnson, as reporting persons, collectively beneficially own 15,179,732.60 shares of Sweetgreen Inc.'s Class A Common Stock.
• This aggregate amount represents 14.4% of the total outstanding Class A Common Stock of Sweetgreen Inc.
• FMR LLC holds sole voting power over 13,653,396.51 shares and sole dispositive power over 15,179,732.60 shares.
• Abigail P. Johnson, through her role at FMR LLC, holds sole dispositive power over 15,179,732.60 shares.
• The filing indicates that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Sweetgreen Inc.
• Fidelity Blue Chip Growth Fund, a subsidiary of FMR LLC, is noted to have an interest of 5,514,093.00 shares, or 5.2% of the total outstanding Class A Common Stock, as of March 31, 2025.
• Several FMR LLC subsidiaries, including FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, Fidelity Management Trust Company, and Strategic Advisers LLC, are identified as entities that beneficially own shares.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive as a large, reputable institutional investor maintains a significant stake, implying confidence in the company. However, as a routine ownership disclosure, it lacks operational or financial updates that would significantly shift sentiment.

Positives

• The significant stake held by a major institutional investor like FMR LLC and its affiliates, including Fidelity Blue Chip Growth Fund, can be viewed as a vote of confidence in Sweetgreen Inc.'s long-term prospects.
• The filing explicitly states that the shares are held in the ordinary course of business and not for control purposes, indicating a passive, investment-focused position.

Future Outlook

NA

Industry Context

This filing reflects a routine disclosure by a large asset manager, FMR LLC, regarding its significant passive investment in Sweetgreen Inc. It does not provide specific insights into Sweetgreen's operational performance or strategic direction, but rather indicates continued institutional interest in the company within the broader restaurant and fast-casual dining sector.

Stakeholder Impact

• Shareholders: May view the continued significant ownership by a major institutional investor as a positive signal, potentially bolstering investor confidence in Sweetgreen Inc.

Key Dates

Keywords

Sweetgreen Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Class A Common Stock, Beneficial Ownership, Institutional Investor, Fidelity Blue Chip Growth Fund, Passive Investment