In yesterday’s Wall Street session, Sweetgreen Inc. (NYSE:SG) shares traded at $15.56, up 2.37% from the previous session.
As of this writing, 9 analysts cover Sweetgreen Inc. (NYSE:SG). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $17.00 and a low of $11.00, we find $15.50. Given the previous closing price of $15.20, this indicates a potential upside of 1.97 percent. SG stock price is now 40.30% away from the 50-day moving average and 38.75% away from the 200-day moving average. The market capitalization of the company currently stands at $1.78B.
There are 4 analysts who have given it a hold rating, whereas 5 have given it a buy rating. Brokers who have rated the stock have averaged $15.00 as their price target over the next twelve months.
With the price target enhanced from $9 to $17, BofA Securities Upgraded its rating from Neutral to Buy for Sweetgreen Inc. (NYSE: SG).
In other news, Ru Nathaniel, Chief Brand Officer sold 50,000 shares of the company’s stock on May 31. The stock was sold for $471,500 at an average price of $9.43. Upon completion of the transaction, the Chief Brand Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 22, Chief People Officer Gemperle Adrienne sold 6,112 shares of the business’s stock. A total of $58,675 was realized by selling the stock at an average price of $9.60. This leaves the insider owning 139,911 shares of the company worth $2.18 million. Insiders disposed of 517,406 shares of company stock worth roughly $8.05 million over the past 1 year. A total of 8.20% 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 SOLAS CAPITAL MANAGEMENT, LLC during the first quarter worth $24,516,000. WELLINGTON MANAGEMENT GROUP LLP invested $11,050,000 in shares of SG during the first quarter. In the first quarter, WOODSON CAPITAL MANAGEMENT, LP acquired a new stake in Sweetgreen Inc. valued at approximately $10,892,000. SCOPUS ASSET MANAGEMENT, L.P. acquired a new stake in SG for approximately $10,114,000. BALYASNY ASSET MANAGEMENT L.P. purchased a new stake in SG valued at around $7,044,000 in the second quarter. In total, there are 212 active investors with 96.30% ownership of the company’s stock.
Tuesday morning saw Sweetgreen Inc. (NYSE: SG) opened at $15.33. During the past 12 months, Sweetgreen Inc. has had a low of $6.10 and a high of $21.66. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 4.40, and a quick ratio of 4.30. The fifty day moving average price for SG is $11.24 and a two-hundred day moving average price translates $11.20 for the stock.
The latest earnings results from Sweetgreen Inc. (NYSE: SG) was released for Mar, 2023. According to the Restaurants Company, earnings per share came in at -$0.29, beating analysts’ expectations of -$0.35 by 0.06. This compares to -$0.45 EPS in the same period last year. The net profit margin was -35.50% and return on equity was -31.00% for SG. The company reported revenue of $125.06 million for the quarter, compared to $102.59 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.9 percent. For the current quarter, analysts expect SG to generate $155.9M 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. The company was founded in 2006 and is headquartered in Los Angeles, California.
