Sweetgreen (SG) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sweetgreen in the last twelve months. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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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9 analysts have issued 1-year price targets for Sweetgreen's stock. Their SG share price forecasts range from $9.00 to $19.00. On average, they predict the company's stock price to reach $14.00 in the next twelve months. This suggests a possible upside of 29.3% from the stock's current price.
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Sweetgreen's stock was trading at $8.57 at the beginning of the year. Since then, SG stock has increased by 26.3% and is now trading at $10.8250.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
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Sweetgreen, Inc. (NYSE:SG) announced its quarterly earnings data on Thursday, July, 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by $0.01. The business had revenue of $152.53 million for the quarter, compared to analysts' expectations of $155.99 million. Sweetgreen had a negative net margin of 30.29% and a negative trailing twelve-month return on equity of 26.30%.

Clough Long/Short Equity ETF holds 2,000 shares of SG stock, representing -0.57% of its portfolio.

Sweetgreen updated its FY 2023 earnings guidance on Thursday, July, 27th. The company provided 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 $590.28 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 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."

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 $10.83.

Sweetgreen (NYSE:SG) has a market capitalization of $1.21 billion and generates $470.11 million in revenue each year. The company earns $-190,440,000.00 in net income (profit) each year or ($1.41) 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.