Sweetgreen - SG Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sweetgreen in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SG shares.
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2 analysts have issued 1 year price targets for Sweetgreen's stock. Their SG share price forecasts range from $11.00 to $19.00. On average, they predict the company's share price to reach $14.33 in the next year. This suggests a possible upside of 36.9% from the stock's current price.
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Sweetgreen's stock was trading at $8.57 at the start of the year. Since then, SG shares have increased by 22.2% and is now trading at $10.47.
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Sweetgreen saw a decrease in short interest in the month of December. As of December 30th, there was short interest totaling 12,090,000 shares, a decrease of 24.2% from the December 15th total of 15,940,000 shares. Based on an average daily trading volume, of 1,590,000 shares, the short-interest ratio is currently 7.6 days. Approximately 15.0% of the company's stock are short sold.
View Sweetgreen's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
View our SG earnings forecast.

Sweetgreen, Inc. (NYSE:SG) announced its earnings results on Tuesday, November, 8th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.37) by $0.04. The company had revenue of $124.03 million for the quarter, compared to analyst estimates of $129.23 million. Sweetgreen had a negative net margin of 45.27% and a negative trailing twelve-month return on equity of 30.98%.

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 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 number of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (4.78%), Bank of Montreal Can (0.00%), DekaBank Deutsche Girozentrale (0.09%), New York State Common Retirement Fund (0.09%), Outfitter Financial LLC (0.03%) and Triumph Capital Management (0.03%).

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 $10.47.

Sweetgreen (NYSE:SG) has a market capitalization of $1.16 billion and generates $339.87 million in revenue each year. The company earns $-153,180,000.00 in net income (profit) each year or ($2.38) on an earnings per share basis.

The company employs 4,877 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.