Sweetgreen, Inc. (NYSE:SG) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Sweetgreen, Inc. has received a consensus recommendation of "Hold" from fourteen research firms, with eight recommendations to hold and six to buy.
• The average 12-month price target for Sweetgreen has dropped significantly, now estimated at $17.69, down from previous highs.
• Sweetgreen reported a loss of $0.20 EPS for the last quarter, missing estimates, and had revenue of $185.58 million, which was below analyst expectations.

Sweetgreen, Inc. (NYSE:SG - Get Free Report) has been assigned a consensus recommendation of "Hold" from the fourteen research firms that are covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $17.6923.

Several analysts have commented on SG shares. Oppenheimer decreased their price target on shares of Sweetgreen from $35.00 to $29.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Wells Fargo & Company reiterated an "overweight" rating and issued a $19.00 price target on shares of Sweetgreen in a research note on Tuesday, July 1st. UBS Group reduced their target price on shares of Sweetgreen from $19.00 to $13.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Morgan Stanley reduced their target price on shares of Sweetgreen from $22.00 to $17.00 and set an "equal weight" rating on the stock in a report on Monday, July 14th. Finally, TD Securities reiterated a "hold" rating and set a $15.00 price target (down from $25.00) on shares of Sweetgreen in a report on Tuesday, July 1st.

Sweetgreen Price Performance

Shares of NYSE SG traded up $0.3270 during mid-day trading on Thursday, reaching $9.3070. The company's stock had a trading volume of 6,061,974 shares, compared to its average volume of 7,450,750. The firm has a market capitalization of $1.10 billion, a PE ratio of -11.08 and a beta of 2.04. The stock has a fifty day moving average of $12.58 and a two-hundred day moving average of $17.61. Sweetgreen has a 52 week low of $8.45 and a 52 week high of $45.12.

Sweetgreen (NYSE:SG - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.08). The business had revenue of $185.58 million during the quarter, compared to the consensus estimate of $193.47 million. Sweetgreen had a negative return on equity of 22.21% and a negative net margin of 14.29%.The business's revenue was up .5% on a year-over-year basis. During the same period last year, the company earned ($0.13) EPS. Sweetgreen has set its FY 2025 guidance at EPS. Analysts anticipate that Sweetgreen will post -0.74 EPS for the current fiscal year.

Insider Buying and Selling at Sweetgreen

In other news, CFO Mitch Reback sold 11,530 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $9.19, for a total value of $105,960.70. Following the completion of the sale, the chief financial officer owned 322,891 shares of the company's stock, valued at approximately $2,967,368.29. This represents a 3.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 19.78% of the company's stock.

Institutional Trading of Sweetgreen

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC increased its stake in shares of Sweetgreen by 50.8% in the first quarter. Sequoia Financial Advisors LLC now owns 13,280 shares of the company's stock worth $332,000 after acquiring an additional 4,474 shares during the period. Stifel Financial Corp increased its stake in shares of Sweetgreen by 55.3% in the fourth quarter. Stifel Financial Corp now owns 12,562 shares of the company's stock worth $403,000 after acquiring an additional 4,474 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Sweetgreen by 4.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,191 shares of the company's stock worth $936,000 after acquiring an additional 1,278 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Sweetgreen by 54.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 16,318 shares of the company's stock worth $523,000 after acquiring an additional 5,783 shares during the period. Finally, New York State Common Retirement Fund increased its stake in shares of Sweetgreen by 352.0% in the first quarter. New York State Common Retirement Fund now owns 242,472 shares of the company's stock worth $6,067,000 after acquiring an additional 188,830 shares during the period. Institutional investors and hedge funds 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.