Sweetgreen (NYSE:SG) Hits New 12-Month Low - Should You Sell?

Key Points

• Sweetgreen's stock has recently reached a new 52-week low at $8.01 during trading, with a current value of $8.17 and a significant trading volume of 804,880 shares.
• Analyst ratings have been mostly downgraded in recent reports, with price targets slashed from previous highs, and the average consensus rating remains a "Hold" with a target price of $17.69.
• The company reported a loss of $0.20 EPS for the last quarter, missing analysts' expectations, while showing a slight revenue increase of 0.5% compared to the previous year.

Shares of Sweetgreen, Inc. (NYSE:SG - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $8.01 and last traded at $8.17, with a volume of 804880 shares trading hands. The stock had previously closed at $8.32.

Analyst Ratings Changes

Several research firms recently commented on SG. TD Securities reissued a "hold" rating and set a $15.00 price objective (down previously from $25.00) on shares of Sweetgreen in a research note on Tuesday, July 1st. TD Cowen decreased their price target on shares of Sweetgreen from $15.00 to $10.00 and set a "hold" rating on the stock in a research report on Friday, August 8th. The Goldman Sachs Group cut their target price on shares of Sweetgreen from $23.00 to $15.00 and set a "neutral" rating for the company in a research note on Wednesday, June 4th. Piper Sandler lowered their price objective on shares of Sweetgreen from $20.00 to $12.00 and set a "neutral" rating for the company in a research report on Friday, August 8th. Finally, Bank of America lowered their target price on shares of Sweetgreen from $27.00 to $22.00 and set a "buy" rating for the company in a report on Friday, July 18th. Seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $17.69.

Sweetgreen Stock Down 1.5%

The company has a market capitalization of $968.73 million, a price-to-earnings ratio of -9.76 and a beta of 2.01. The stock's 50-day simple moving average is $10.45 and its two-hundred day simple moving average is $15.13.

Sweetgreen (NYSE:SG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.20) earnings per share (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 during the quarter, compared to analysts' expectations of $193.47 million. During the same period in the prior year, the company posted ($0.13) EPS. The company's revenue for the quarter was up .5% compared to the same quarter last year. Sweetgreen has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Sweetgreen, Inc. will post -0.74 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Mitch Reback sold 11,530 shares of the firm'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 sale, the chief financial officer owned 322,891 shares of the company's stock, valued at $2,967,368.29. This trade represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 19.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sweetgreen

Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Sweetgreen by 18.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 226,552 shares of the company's stock valued at $7,263,000 after acquiring an additional 35,276 shares during the period. Forum Financial Management LP lifted its holdings in Sweetgreen by 17.5% in the fourth quarter. Forum Financial Management LP now owns 8,112 shares of the company's stock valued at $260,000 after acquiring an additional 1,209 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Sweetgreen in the fourth quarter valued at $5,492,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Sweetgreen by 4.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,191 shares of the company's stock valued at $936,000 after acquiring an additional 1,278 shares during the period. Finally, Moody National Bank Trust Division raised its stake in shares of Sweetgreen by 24.5% during the 1st quarter. Moody National Bank Trust Division now owns 45,920 shares of the company's stock worth $1,149,000 after buying an additional 9,044 shares during the last quarter. 95.75% of the stock is currently owned by hedge funds and other institutional investors.

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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