Q1 Earnings Estimate for Sweetgreen Issued By William Blair

Sweetgreen, Inc. (NYSE:SG - Free Report) - Research analysts at William Blair increased their Q1 2025 earnings per share estimates for shares of Sweetgreen in a research report issued to clients and investors on Tuesday, April 22nd. William Blair analyst S. Zackfia now expects that the company will post earnings of ($0.22) per share for the quarter, up from their previous forecast of ($0.23). The consensus estimate for Sweetgreen's current full-year earnings is ($0.74) per share. William Blair also issued estimates for Sweetgreen's FY2025 earnings at ($0.58) EPS.

Several other research firms have also recently commented on SG. TD Securities decreased their price target on shares of Sweetgreen from $45.00 to $33.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Piper Sandler lowered their target price on Sweetgreen from $39.00 to $27.00 and set a "neutral" rating for the company in a research note on Thursday, February 27th. Royal Bank of Canada reiterated an "outperform" rating and issued a $45.00 price target on shares of Sweetgreen in a report on Tuesday, February 25th. Citigroup dropped their price objective on Sweetgreen from $43.00 to $39.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Finally, UBS Group reduced their target price on shares of Sweetgreen from $45.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.91.

Sweetgreen Trading Up 0.6 %

NYSE SG traded up $0.11 on Friday, hitting $19.20. 1,101,368 shares of the company were exchanged, compared to its average volume of 3,344,542. Sweetgreen has a 1-year low of $16.29 and a 1-year high of $45.12. The firm has a 50 day moving average of $22.34 and a two-hundred day moving average of $30.47. The company has a market cap of $2.25 billion, a P/E ratio of -24.62 and a beta of 2.28.

Insider Buying and Selling

In other Sweetgreen news, Director Nathaniel Ru sold 2,123 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.80, for a total transaction of $50,527.40. Following the completion of the transaction, the director now owns 1,785,099 shares of the company's stock, valued at $42,485,356.20. This represents a 0.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Mitch Reback sold 4,000 shares of Sweetgreen stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $21.07, for a total transaction of $84,280.00. Following the completion of the sale, the chief financial officer now owns 344,509 shares in the company, valued at $7,258,804.63. The trade was a 1.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,852 shares of company stock valued at $871,417. 21.52% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sweetgreen

A number of institutional investors have recently modified their holdings of SG. FMR LLC boosted its holdings in shares of Sweetgreen by 3.4% in the 4th quarter. FMR LLC now owns 10,103,969 shares of the company's stock valued at $323,933,000 after purchasing an additional 329,789 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Sweetgreen by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 9,544,885 shares of the company's stock worth $306,009,000 after buying an additional 351,240 shares during the period. Invesco Ltd. grew its holdings in Sweetgreen by 40.9% during the 4th quarter. Invesco Ltd. now owns 5,516,223 shares of the company's stock worth $176,850,000 after acquiring an additional 1,601,666 shares during the period. Wellington Management Group LLP increased its holdings in Sweetgreen by 30.1% in the fourth quarter. Wellington Management Group LLP now owns 4,432,504 shares of the company's stock worth $142,106,000 after purchasing an additional 1,025,341 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its position in shares of Sweetgreen by 13.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 2,313,996 shares of the company's stock valued at $82,032,000 after acquiring an additional 272,340 shares during the period. Institutional investors own 95.75% of the company's stock.

About Sweetgreen

Sweetgreen, Inc, together with its subsidiaries, operates fast food restaurants serving healthy foods at scale in the United States. The company also accepts orders through its online and mobile ordering platforms, as well as sells gift cards that do not have an expiration date and can be redeemed. The company was founded in 2006 and is headquartered in Los Angeles, California.