Sweetgreen - SG Stock Forecast, Price & News

2 Wall Street 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 research analysts is that investors should "buy" SG shares.
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2 Wall Street research analysts have issued 12 month target prices for Sweetgreen's shares. Their SG share price forecasts range from $11.00 to $19.00. On average, they anticipate the company's share price to reach $14.33 in the next year. This suggests a possible upside of 27.0% 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 31.7% and is now trading at $11.29.
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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 volume of 1,590,000 shares, the days-to-cover ratio is currently 7.6 days. Currently, 15.0% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our SG earnings forecast.

Sweetgreen will be holding an earnings conference call on Thursday, February 23rd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

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

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 $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 institutional and retail investors. Top institutional investors 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%), Simplex Trading LLC (0.00%) and Ibex Investors LLC (0.05%).

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 $11.29.

Sweetgreen (NYSE:SG) has a market capitalization of $1.25 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.