Sweetgreen (SG) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sweetgreen in the last year. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" SG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SG, but not buy additional shares or sell existing shares.
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5 analysts have issued 12-month target prices for Sweetgreen's shares. Their SG share price forecasts range from $9.00 to $13.00. On average, they expect the company's stock price to reach $10.67 in the next year. This suggests a possible upside of 11.0% from the stock's current price.
View analysts price targets for SG or view top-rated stocks among Wall Street analysts.

Sweetgreen's stock was trading at $8.57 on January 1st, 2023. Since then, SG stock has increased by 12.1% and is now trading at $9.61.
View the best growth stocks for 2023 here.

Sweetgreen saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 11,270,000 shares, an increase of 16.4% from the April 15th total of 9,680,000 shares. Based on an average daily volume of 1,880,000 shares, the short-interest ratio is currently 6.0 days. Approximately 12.9% of the shares of the company are sold short.
View Sweetgreen's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our SG earnings forecast.

Sweetgreen, Inc. (NYSE:SG) announced its quarterly earnings data on Thursday, May, 4th. The company reported ($0.29) earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.07. The business earned $125.06 million during the quarter, compared to the consensus estimate of $125.57 million. Sweetgreen had a negative trailing twelve-month return on equity of 28.08% and a negative net margin of 34.58%.

ETFs with the largest weight of Sweetgreen (NYSE:SG) stock in their portfolio include Fidelity Blue Chip Growth ETF (FBCG).Motley Fool Next Index ETF (TMFX).

Sweetgreen updated its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $575.00 million-$595.00 million, compared to the consensus revenue estimate of $585.43 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sweetgreen investors own include Chatham Lodging Trust (CLDT), Shaw Communications (SJR), Verizon Communications (VZ), AbbVie (ABBV), Algonquin Power & Utilities (AQN), BCE (BCE), Franklin Resources (BEN), Bank of Nova Scotia (BNS), British American Tobacco (BTI) and Carnival Co. & (CCL).

(SG) raised $312 million in an initial public offering (IPO) on Thursday, November 18th 2021. The company issued 13,000,000 shares at a price of $23.00-$25.00 per share.

Sweetgreen trades on the New York Stock Exchange (NYSE) under the ticker symbol "SG."

Sweetgreen's stock is owned by a variety of retail and institutional investors. Top institutional investors include FMR LLC (13.19%), BlackRock Inc. (4.93%), Baillie Gifford & Co. (4.71%), Solas Capital Management LLC (1.41%), State Street Corp (1.41%) and Geode Capital Management LLC (1.33%). Insiders that own company stock include Adrienne Gemperle, Chris Carr, Daniel Shlossman, James Mcphail, Mitch Reback, Nicolas Jammet and Wouleta Ayele.
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Shares of SG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SG stock can currently be purchased for approximately $9.61.

Sweetgreen (NYSE:SG) has a market capitalization of $1.07 billion and generates $470.11 million in revenue each year. The company earns $-190,440,000.00 in net income (profit) each year or ($1.53) on an earnings per share basis.

The company employs 5,952 workers across the globe.

Sweetgreen's mailing address is 3101 West Exposition Boulevard Los Angeles, CA 90018 United States. The official website for the company is www.sweetgreen.com. The company can be reached via phone at 323-990-7040 or via email at ir@sweetgreen.com.