Sweetgreen, Inc. (NYSE:SG) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Consensus "Hold" — Nineteen analysts rate Sweetgreen a consensus "Hold" (3 sell / 13 hold / 3 buy) with an average 12‑month price target of $7.84.
• Earnings and stock weakness — Sweetgreen reported Q4 EPS of -$0.42 (vs. -$0.31 expected) and revenue of $155.2M (down 3.5% YoY and below estimates); shares trade around $5.38 with a 1‑year range of $4.49–$24.47 and a market cap near $637M.
• Insider buying and ownership — Co‑founder Nicolas Jammet bought 4,428 shares at about $5.71, raising his stake (insider ownership ~19.8%) while institutional ownership sits around 95.8%.

Sweetgreen, Inc. (NYSE:SG - Get Free Report) has earned an average rating of "Hold" from the nineteen research firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $7.84.

A number of research analysts have recently issued reports on the stock. Piper Sandler dropped their price target on shares of Sweetgreen from $9.00 to $7.00 and set a "neutral" rating on the stock in a research report on Friday, March 27th. Morgan Stanley lowered their target price on shares of Sweetgreen from $10.00 to $9.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 20th. Sanford C. Bernstein set a $7.00 target price on shares of Sweetgreen in a report on Wednesday, January 7th. Oppenheimer cut their price target on shares of Sweetgreen from $10.00 to $9.00 and set an "outperform" rating on the stock in a research report on Friday, February 27th. Finally, DA Davidson started coverage on Sweetgreen in a report on Friday, March 6th. They set a "neutral" rating and a $5.50 price target for the company.

Sweetgreen Price Performance

Shares of SG opened at $5.38 on Friday. The business has a 50-day moving average of $5.65 and a 200-day moving average of $6.64. The company has a market capitalization of $637.30 million, a price-to-earnings ratio of -4.72 and a beta of 1.90. Sweetgreen has a 1 year low of $4.49 and a 1 year high of $24.47.

Sweetgreen (NYSE:SG - Get Free Report) last announced its earnings results on Thursday, February 26th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.11). The company had revenue of $155.19 million during the quarter, compared to the consensus estimate of $159.59 million. Sweetgreen had a negative net margin of 19.73% and a negative return on equity of 32.26%. The business's revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.25) earnings per share. As a group, sell-side analysts anticipate that Sweetgreen will post -0.74 EPS for the current year.

Insider Activity at Sweetgreen

In other Sweetgreen news, insider Nicolas Jammet bought 4,428 shares of the firm's stock in a transaction that occurred on Thursday, March 5th. The stock was acquired at an average price of $5.71 per share, with a total value of $25,283.88. Following the completion of the purchase, the insider directly owned 22,543 shares of the company's stock, valued at approximately $128,720.53. This trade represents a 24.44% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 19.78% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sweetgreen

A number of institutional investors and hedge funds have recently modified their holdings of the business. Larson Financial Group LLC grew its position in shares of Sweetgreen by 165.8% during the 3rd quarter. Larson Financial Group LLC now owns 3,766 shares of the company's stock worth $30,000 after buying an additional 2,349 shares during the period. Bogart Wealth LLC lifted its position in shares of Sweetgreen by 1,150.0% during the 3rd quarter. Bogart Wealth LLC now owns 5,000 shares of the company's stock valued at $40,000 after acquiring an additional 4,600 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Sweetgreen by 312.3% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 2,808 shares of the company's stock valued at $42,000 after acquiring an additional 2,127 shares during the period. CWM LLC boosted its stake in Sweetgreen by 212.2% during the fourth quarter. CWM LLC now owns 7,333 shares of the company's stock worth $50,000 after acquiring an additional 4,984 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Sweetgreen by 281.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,912 shares of the company's stock worth $53,000 after acquiring an additional 5,839 shares in the last quarter. 95.75% of the stock is currently owned by institutional investors.

Sweetgreen Company Profile

Sweetgreen, Inc is a fast-casual restaurant chain specializing in salads, grain bowls and warm bowls that emphasize fresh, locally sourced ingredients. Since its founding in 2007 by Jonathan Neman, Nicolas Jammet and Nathaniel Ru, Sweetgreen has focused on sustainable agriculture, working with regional farmers across the United States to provide seasonal produce and promote environmentally responsible sourcing practices. The company's menu features a variety of plant-forward options, including custom-build salads, chef-curated bowls and limited-time offerings that reflect changing harvests.

Sweetgreen operates a technology-driven service model that combines in-store experiences with digital ordering through its mobile app and website.

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