Sweetgreen (NYSE:SG) Sets New 52-Week Low - Should You Sell?

Key Points

• Sweetgreen's stock price reached a new 52-week low of $7.50, with a recent closing price of $7.53 and significant trading volume of 921,873 shares.
• Analyst projections for Sweetgreen's stock have been revised downward, with price targets as low as $9.50 from Bank of America, indicating a cautious outlook on the company's performance.
• The company reported a loss of ($0.20) earnings per share in its latest quarterly earnings, falling short of analysts' estimates and reflecting a negative net margin of 14.29%.

Sweetgreen, Inc. (NYSE:SG - Get Free Report)'s stock price hit a new 52-week low on Monday . The company traded as low as $7.51 and last traded at $7.50, with a volume of 921873 shares changing hands. The stock had previously closed at $7.53.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Sweetgreen from $20.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday, June 25th. Bank of America reissued a "neutral" rating and issued a $9.50 price target (down previously from $18.00) on shares of Sweetgreen in a report on Monday, October 6th. UBS Group reduced their price objective on Sweetgreen from $19.00 to $13.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Sweetgreen in a research report on Wednesday, October 8th. Finally, William Blair restated an "outperform" rating on shares of Sweetgreen in a research report on Friday, September 5th. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Sweetgreen has a consensus rating of "Hold" and an average price target of $16.73.

Sweetgreen Trading Up 0.3%

The company has a market capitalization of $893.08 million, a P/E ratio of -8.99 and a beta of 1.97. The business has a 50 day moving average price of $9.00 and a 200 day moving average price of $13.58.

Sweetgreen (NYSE:SG - Get Free Report) last issued 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). The firm had revenue of $185.58 million for the quarter, compared to analyst estimates of $193.47 million. Sweetgreen had a negative net margin of 14.29% and a negative return on equity of 22.21%. The firm's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.13) EPS. Sweetgreen has set its FY 2025 guidance at EPS. On average, analysts forecast that Sweetgreen, Inc. will post -0.74 EPS for the current fiscal year.

Insider Activity at Sweetgreen

In related news, CFO Mitch Reback sold 11,530 shares of the business's stock in a transaction 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 directly owned 322,891 shares of the company's stock, valued at approximately $2,967,368.29. The trade was a 3.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 19.78% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Sweetgreen during the third quarter worth about $82,000. Liontrust Investment Partners LLP boosted its position in Sweetgreen by 53.4% during the 2nd quarter. Liontrust Investment Partners LLP now owns 187,635 shares of the company's stock worth $2,792,000 after acquiring an additional 65,310 shares during the last quarter. FORA Capital LLC bought a new position in shares of Sweetgreen during the 2nd quarter worth approximately $644,000. Tower Research Capital LLC TRC grew its stake 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 in the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of Sweetgreen by 90.7% in the second quarter. Captrust Financial Advisors now owns 27,226 shares of the company's stock valued at $405,000 after purchasing an additional 12,946 shares during the last quarter. 95.75% of the stock is owned by institutional investors and hedge funds.

About Sweetgreen

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.