Stocks of Sweetgreen Inc. (NYSE:SG) traded higher last session on Wall Street, down -2.67% to $10.93.
According to the data, Sweetgreen Inc. (NYSE:SG) has 9 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $25.00 and a low of $17.00, we find $19.50. Given the previous closing price of $11.23, this indicates a potential upside of 73.64 percent. SG stock price is now -33.44% away from the 50-day moving average and -45.28% away from the 200-day moving average. The market capitalization of the company currently stands at $1.23B.
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A total of 2 analysts have issued a hold rating and 7 have given it a buy rating. Brokers who have rated the stock have averaged $19.88 as their price target over the next twelve months.
With the price target of $15, BofA Securities recently initiated with Neutral rating for Sweetgreen Inc. (NYSE: SG). On June 15, 2022, Cowen reiterated its ‘Outperform’ rating on the stock by increasing its target price from $28 to quote $22, while ‘Citigroup’ rates the stock as ‘Neutral’.
In other news, McPhail James, Chief Development Officer sold 6,174 shares of the company’s stock on Nov 17. The stock was sold for $83,343 at an average price of $13.50. Upon completion of the transaction, the Chief Development Officer now directly owns 150,500 shares in the company, valued at $1.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 17, Chief Operating Officer Carr Chris sold 7,478 shares of the business’s stock. A total of $100,927 was realized by selling the stock at an average price of $13.50. This leaves the insider owning 158,420 shares of the company worth $1.73 million. Insiders disposed of 206,300 shares of company stock worth roughly $2.25 million over the past 1 year. A total of 8.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SG stock. A new stake in Sweetgreen Inc. shares was purchased by JANUS HENDERSON GROUP PLC during the first quarter worth $31,607,000. BAILLIE GIFFORD & CO invested $23,507,000 in shares of SG during the first quarter. In the first quarter, INVESCO LTD. acquired a new stake in Sweetgreen Inc. valued at approximately $8,031,000. SCOPUS ASSET MANAGEMENT, L.P. acquired a new stake in SG for approximately $7,924,000. WELLINGTON MANAGEMENT GROUP LLP purchased a new stake in SG valued at around $6,921,000 in the second quarter. In total, there are 181 active investors with 96.30% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $11.28 for Sweetgreen Inc. (NYSE: SG). During the past 12 months, Sweetgreen Inc. has had a low of $10.78 and a high of $40.10. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 8.70, and a quick ratio of 8.70. The fifty day moving average price for SG is $16.42 and a two-hundred day moving average price translates $19.97 for the stock.
The latest earnings results from Sweetgreen Inc. (NYSE: SG) was released for Jun, 2022. According to the Restaurants Company, earnings per share came in at -$0.36, inline with analysts’ expectations of -$0.36. This compares to -$1.58 EPS in the same period last year. The net profit margin was -45.30% and return on equity was -32.80% for SG. The company reported revenue of $124.03 million for the quarter, compared to $95.84 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 29.4 percent. For the current quarter, analysts expect SG to generate $129.44M in revenue.
Sweetgreen Inc.(SG) Company Profile
Sweetgreen, Inc., together with its subsidiaries, develops and operates fast-casual restaurants serving healthy foods prepared from seasonal and organic ingredients. The company also accepts orders through its online and mobile ordering platforms, as well as sells gift cards that can be redeemed in its restaurants. As of September 26, 2021, it owned and operated 140 restaurants in 13 states and Washington, D.C. The company was founded in 2006 and is headquartered in Los Angeles, California.
