Sweetgreen (NYSE:SG) Issues Quarterly Earnings Results

Key Points

• Sweetgreen reported a quarterly loss of ($0.20) earnings per share, missing analysts' expectations of ($0.12) and showing a 0.5% year-over-year revenue increase to $185.58 million.
• The company's stock saw a trading increase of 2.9%, with a market cap of $1.49 billion and current stock prices ranging between a twelve month low of $11.84 and high of $45.12.
• Analysts have given Sweetgreen an average rating of "Hold" with price targets ranging from $15.00 to $22.46, indicating mixed sentiments regarding the stock's potential.

Sweetgreen (NYSE:SG - Get Free Report) issued its earnings results on Thursday. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.08), Zacks reports. Sweetgreen had a negative net margin of 13.04% and a negative return on equity of 19.72%. The company had revenue of $185.58 million during the quarter, compared to analysts' expectations of $193.47 million. During the same period last year, the business posted ($0.13) earnings per share. The company's quarterly revenue was up .5% on a year-over-year basis. Sweetgreen updated its FY 2025 guidance to EPS.

Sweetgreen Trading Up 2.9%

Shares of Sweetgreen stock opened at $12.68 on Friday. Sweetgreen has a twelve month low of $11.84 and a twelve month high of $45.12. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of -16.47 and a beta of 2.04. The company has a fifty day moving average price of $13.53 and a 200 day moving average price of $19.40.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. TD Cowen restated a "hold" rating and set a $19.00 target price on shares of Sweetgreen in a report on Tuesday, July 1st. JPMorgan Chase & Co. cut their price objective on Sweetgreen from $20.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, June 25th. Bank of America lowered their target price on Sweetgreen from $27.00 to $22.00 and set a "buy" rating on the stock in a report on Friday, July 18th. The Goldman Sachs Group cut their price target on Sweetgreen from $23.00 to $15.00 and set a "neutral" rating for the company in a report on Wednesday, June 4th. Finally, Barclays lifted their price objective on Sweetgreen from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Sweetgreen currently has an average rating of "Hold" and an average price target of $22.46.

Insider Transactions at Sweetgreen

In other Sweetgreen news, CFO Mitch Reback sold 10,088 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $15.23, for a total value of $153,640.24. Following the completion of the transaction, the chief financial officer owned 334,421 shares in the company, valued at $5,093,231.83. This represents a 2.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Clifford Burrows purchased 19,200 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were purchased at an average cost of $13.11 per share, for a total transaction of $251,712.00. Following the purchase, the director directly owned 19,200 shares in the company, valued at $251,712. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.52% of the stock is currently owned by company insiders.

Institutional Trading of Sweetgreen

An institutional investor recently raised its position in Sweetgreen stock. Royal Bank of Canada increased its stake in shares of Sweetgreen, Inc. (NYSE:SG - Free Report) by 22.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 291,477 shares of the company's stock after buying an additional 53,427 shares during the quarter. Royal Bank of Canada owned about 0.25% of Sweetgreen worth $7,292,000 at the end of the most recent quarter. 95.75% of the stock is currently owned by 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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