Sweetgreen Inc (NYSE:SG) shares traded -5.95% lower at $39.69 on Wall Street last session.
SG stock price is now 11.52% 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 $4.26B.
With the price target maintained at $40, Goldman recently Downgraded its rating from Buy to Neutral for Sweetgreen Inc (NYSE: SG). On September 04, 2024, TD Cowen Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $31 to quote $43, while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, Neman Jonathan, CHIEF EXECUTIVE OFFICER sold 20,937 shares of the company’s stock on Nov 06 ’24. The stock was sold for $838,108 at an average price of $40.03. Upon completion of the transaction, the CHIEF EXECUTIVE OFFICER now directly owns 1,930,228 shares in the company, valued at $76.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 06 ’24, CHIEF EXECUTIVE OFFICER Neman Jonathan sold 16,750 shares of the business’s stock. A total of $670,502 was realized by selling the stock at an average price of $40.03. A total of 18.73% of the company’s stock is owned by insiders.
During the past 12 months, Sweetgreen Inc has had a low of $8.64 and a high of $42.77. As of last week, the company has a debt-to-equity ratio of 0.68, a current ratio of 2.59, and a quick ratio of 2.57. The fifty day moving average price for SG is $35.5902 and a two-hundred day moving average price translates $27.31925 for the stock.
The latest earnings results from Sweetgreen Inc (NYSE: SG) was released for 2024-09-29. The net profit margin was -13.27% and return on equity was -18.42% for SG. The company reported revenue of $184.64 million for the quarter, compared to $152.53 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.06 percent.
