Sweetgreen, Inc. (NYSE:SG) Receives Average Rating of "Hold" from Analysts

Key Points

• Sweetgreen, Inc. has an average analyst rating of "Hold", with one sell rating, nine holds, and six buy recommendations from sixteen brokerages.
• The company's stock opened at $7.92 and has a 12-month low of $7.66 and a high of $45.12, with a market capitalization of approximately $935.75 million.
• Sweetgreen reported a earnings per share of ($0.20) for the last quarter, missing estimates by ($0.08) and showing a negative net margin of 14.29%.

Shares of Sweetgreen, Inc. (NYSE:SG - Get Free Report) have been given a consensus recommendation of "Hold" by the sixteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $16.7308.

SG has been the subject of several analyst reports. UBS Group lowered their target price on Sweetgreen from $19.00 to $13.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Piper Sandler lowered their target price on Sweetgreen from $20.00 to $12.00 and set a "neutral" rating for the company in a research note on Friday, August 8th. Barclays lowered their target price on Sweetgreen from $17.00 to $10.00 and set an "equal weight" rating for the company in a research note on Friday, August 8th. Wells Fargo & Company reissued an "overweight" rating and set a $19.00 target price on shares of Sweetgreen in a research note on Tuesday, July 1st. Finally, JPMorgan Chase & Co. lowered their target price on Sweetgreen from $20.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, June 25th.

Sweetgreen Price Performance

Shares of Sweetgreen stock opened at $7.92 on Friday. The business has a 50-day moving average of $9.09 and a 200 day moving average of $13.88. Sweetgreen has a 12 month low of $7.66 and a 12 month high of $45.12. The stock has a market capitalization of $935.75 million, a price-to-earnings ratio of -9.42 and a beta of 1.97.

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

Insider Activity at Sweetgreen

In other news, CFO Mitch Reback sold 11,530 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $9.19, for a total value of $105,960.70. Following the transaction, the chief financial officer owned 322,891 shares in the company, valued at approximately $2,967,368.29. This represents a 3.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 19.78% of the company's stock.

Institutional Trading of Sweetgreen

Several institutional investors have recently modified their holdings of SG. Spire Wealth Management boosted its position in shares of Sweetgreen by 47.1% in the 1st quarter. Spire Wealth Management now owns 1,983 shares of the company's stock valued at $50,000 after purchasing an additional 635 shares during the period. Glass Jacobson Investment Advisors llc acquired a new stake in shares of Sweetgreen in the 2nd quarter valued at about $30,000. Nisa Investment Advisors LLC boosted its position in shares of Sweetgreen by 98.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,129 shares of the company's stock valued at $32,000 after purchasing an additional 1,055 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Sweetgreen by 312.3% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 2,808 shares of the company's stock valued at $42,000 after purchasing an additional 2,127 shares during the period. Finally, GF Fund Management CO. LTD. acquired a new stake in shares of Sweetgreen in the 1st quarter valued at about $71,000. Hedge funds and other institutional investors own 95.75% of the company's stock.

Sweetgreen Company Profile

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.

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