Sweetgreen, Inc. (NYSE:SG) Receives $14.96 Average Target Price from Analysts

Sweetgreen, Inc. (NYSE:SG) has earned an average rating of “Hold” from the seventeen analysts that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $14.9643.

A number of research firms recently commented on SG. Barclays decreased their target price on Sweetgreen from $10.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 22nd. Morgan Stanley set a $10.00 price objective on Sweetgreen in a research note on Tuesday, October 21st. UBS Group decreased their price objective on Sweetgreen from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Monday. Royal Bank Of Canada cut their target price on shares of Sweetgreen from $25.00 to $13.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Sweetgreen in a research report on Wednesday, October 8th.

Insider Buying and Selling at Sweetgreen

In other news, CFO Mitch Reback sold 11,530 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $9.19, for a total transaction of $105,960.70. Following the sale, the chief financial officer directly owned 322,891 shares in the company, valued at approximately $2,967,368.29. This represents a 3.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 19.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sweetgreen

Large investors have recently made changes to their positions in the company. WoodTrust Financial Corp bought a new stake in shares of Sweetgreen during the second quarter valued at approximately $1,075,000. Clear Harbor Asset Management LLC grew its stake in Sweetgreen by 518.0% in the second quarter. Clear Harbor Asset Management LLC now owns 61,800 shares of the company’s stock worth $920,000 after purchasing an additional 51,800 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Sweetgreen during the 2nd quarter worth $962,000. Triumph Capital Management bought a new stake in Sweetgreen during the 2nd quarter valued at $628,000. Finally, Sovran Advisors LLC raised its position in Sweetgreen by 128.7% during the 2nd quarter. Sovran Advisors LLC now owns 128,240 shares of the company’s stock valued at $1,908,000 after purchasing an additional 72,166 shares in the last quarter. 95.75% of the stock is owned by hedge funds and other institutional investors.

Sweetgreen Stock Performance

SG stock opened at $6.25 on Tuesday. The company’s fifty day moving average price is $7.91 and its 200-day moving average price is $11.71. Sweetgreen has a one year low of $6.10 and a one year high of $45.12. The company has a market capitalization of $738.81 million, a PE ratio of -7.44 and a beta of 1.94.

Sweetgreen (NYSE:SG) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.13). The company had revenue of $172.39 million during the quarter, compared to the consensus estimate of $179.29 million. Sweetgreen had a negative net margin of 14.29% and a negative return on equity of 22.21%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. Sweetgreen has set its FY 2025 guidance at EPS. On average, research analysts predict that Sweetgreen will post -0.74 EPS for the current fiscal year.

Sweetgreen Company Profile

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.