Sweetgreen’s (SG) Sell (D-) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (d-) rating on shares of Sweetgreen (NYSE:SG) in a research report sent to investors on Friday,Weiss Ratings reports.

Several other brokerages have also commented on SG. UBS Group decreased their price objective on shares of Sweetgreen from $19.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Sanford C. Bernstein set a $8.00 target price on shares of Sweetgreen in a report on Wednesday. TD Securities reissued a “hold” rating and issued a $15.00 price target (down previously from $25.00) on shares of Sweetgreen in a research report on Tuesday, July 1st. Piper Sandler dropped their price target on shares of Sweetgreen from $20.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, August 8th. Finally, William Blair reaffirmed an “outperform” rating on shares of Sweetgreen in a research report on Friday, September 5th. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $15.04.

Sweetgreen Stock Performance

Shares of SG stock opened at $7.38 on Friday. The firm’s 50 day moving average price is $8.38 and its 200-day moving average price is $12.52. Sweetgreen has a one year low of $7.23 and a one year high of $45.12. The firm has a market cap of $872.40 million, a P/E ratio of -8.79 and a beta of 1.97.

Sweetgreen (NYSE:SG) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.08). Sweetgreen had a negative return on equity of 22.21% and a negative net margin of 14.29%.The company had revenue of $185.58 million during the quarter, compared to analyst estimates of $193.47 million. During the same quarter in the prior year, the company posted ($0.13) earnings per share. The business’s revenue was up .5% compared to the same quarter last year. Sweetgreen has set its FY 2025 guidance at EPS. As a group, research analysts predict that Sweetgreen will post -0.74 EPS for the current fiscal year.

Insider Buying and Selling

In other Sweetgreen news, CFO Mitch Reback sold 11,530 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $9.19, for a total transaction of $105,960.70. Following the completion of the transaction, the chief financial officer owned 322,891 shares in the company, valued at $2,967,368.29. The trade was a 3.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 19.78% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SG. Greenhouse Funds LLLP acquired a new position in shares of Sweetgreen in the 2nd quarter valued at $32,122,000. Wellington Management Group LLP boosted its holdings in shares of Sweetgreen by 30.0% in the 1st quarter. Wellington Management Group LLP now owns 5,762,598 shares of the company’s stock valued at $144,180,000 after buying an additional 1,330,094 shares in the last quarter. Champlain Investment Partners LLC acquired a new position in shares of Sweetgreen in the 1st quarter valued at $31,558,000. Stephens Investment Management Group LLC boosted its holdings in shares of Sweetgreen by 89.5% in the 2nd quarter. Stephens Investment Management Group LLC now owns 2,567,526 shares of the company’s stock valued at $38,205,000 after buying an additional 1,212,708 shares in the last quarter. Finally, Blair William & Co. IL boosted its holdings in shares of Sweetgreen by 891.1% in the 2nd quarter. Blair William & Co. IL now owns 1,157,405 shares of the company’s stock valued at $17,222,000 after buying an additional 1,040,629 shares in the last quarter. Institutional investors and hedge funds own 95.75% of the company’s stock.

About Sweetgreen

Sweetgreen, Inc, together with its subsidiaries, operates fast food restaurants serving healthy foods at scale in the United States. The company also accepts orders through its online and mobile ordering platforms, as well as sells gift cards that do not have an expiration date and can be redeemed. The company was founded in 2006 and is headquartered in Los Angeles, California.