Sweetgreen (NYSE:SG) Sets New 1-Year Low - Time to Sell?

Key Points

• Sweetgreen's stock (NYSE:SG) reached a new 52-week low of $8.11 during trading, down from a previous close of $8.93.
• Analyst ratings for Sweetgreen fluctuate, with Wells Fargo maintaining an "overweight" rating and a $19 target, while other firms like Goldman Sachs and Barclays have lowered their targets significantly.
• In its latest earnings report, Sweetgreen reported a loss of ($0.20) EPS, missing expectations, with revenues also falling short at $185.58 million.

Sweetgreen, Inc. (NYSE:SG - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $8.11 and last traded at $8.25, with a volume of 13652193 shares changing hands. The stock had previously closed at $8.93.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. TD Securities reissued a "hold" rating and issued a $15.00 price objective (down from $25.00) on shares of Sweetgreen in a research note on Tuesday, July 1st. Bank of America lowered their price target on shares of Sweetgreen from $27.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday, July 18th. Morgan Stanley lowered their price target on shares of Sweetgreen from $22.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Monday, July 14th. Piper Sandler lowered their price target on shares of Sweetgreen from $20.00 to $12.00 and set a "neutral" rating on the stock in a research note on Friday, August 8th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Sweetgreen from $20.00 to $16.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 25th. Seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $17.69.

Sweetgreen Trading Down 2.1%

The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -10.13 and a beta of 2.01. The stock's 50 day moving average is $11.34 and its 200 day moving average is $16.01.

Sweetgreen (NYSE:SG - Get Free Report) last released its earnings results 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). The firm had revenue of $185.58 million during the quarter, compared to analysts' expectations of $193.47 million. Sweetgreen had a negative net margin of 14.29% and a negative return on equity of 22.21%. Sweetgreen's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the company posted ($0.13) earnings per share. Sweetgreen has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Sweetgreen, Inc. will post -0.74 EPS for the current year.

Insider Transactions at Sweetgreen

In other Sweetgreen news, CFO Mitch Reback sold 11,530 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $9.19, for a total value of $105,960.70. Following the transaction, the chief financial officer directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 19.78% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Liontrust Investment Partners LLP lifted its holdings in Sweetgreen by 53.4% in the 2nd quarter. Liontrust Investment Partners LLP now owns 187,635 shares of the company's stock valued at $2,792,000 after purchasing an additional 65,310 shares in the last quarter. FORA Capital LLC purchased a new position in shares of Sweetgreen during the 2nd quarter worth about $644,000. Tower Research Capital LLC TRC lifted its holdings in shares of Sweetgreen by 26.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 14,362 shares of the company's stock worth $214,000 after acquiring an additional 2,987 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Sweetgreen by 90.7% during the 2nd quarter. Captrust Financial Advisors now owns 27,226 shares of the company's stock worth $405,000 after acquiring an additional 12,946 shares during the period. Finally, HRT Financial LP purchased a new position in shares of Sweetgreen during the 2nd quarter worth about $2,564,000. 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.