Sweetgreen (NYSE:SG) Releases Earnings Results, Misses Expectations By $0.13 EPS

Sweetgreen (NYSE:SG) released its quarterly earnings data on Thursday. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.13), FiscalAI reports. The firm had revenue of $172.39 million for the quarter, compared to the consensus estimate of $179.29 million. Sweetgreen had a negative return on equity of 25.06% and a negative net margin of 16.55%.The firm’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.18) EPS. Sweetgreen updated its FY 2025 guidance to EPS.

Sweetgreen Trading Down 7.9%

Shares of NYSE SG traded down $0.50 during mid-day trading on Friday, hitting $5.76. The company had a trading volume of 20,769,705 shares, compared to its average volume of 5,969,859. The firm has a 50-day simple moving average of $7.85 and a two-hundred day simple moving average of $11.63. The company has a market capitalization of $680.31 million, a PE ratio of -5.93 and a beta of 1.94. Sweetgreen has a one year low of $5.20 and a one year high of $45.12.

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 stock was sold at an average price of $9.19, for a total transaction of $105,960.70. Following the transaction, the chief financial officer owned 322,891 shares of the company’s stock, valued at $2,967,368.29. The trade was a 3.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 19.78% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Holocene Advisors LP increased its position in shares of Sweetgreen by 37.1% in the second quarter. Holocene Advisors LP now owns 174,603 shares of the company’s stock worth $2,598,000 after purchasing an additional 47,226 shares during the period. HRT Financial LP acquired a new stake in Sweetgreen during the second quarter worth about $2,564,000. Raymond James Financial Inc. increased its holdings in Sweetgreen by 230.9% in the 2nd quarter. Raymond James Financial Inc. now owns 111,339 shares of the company’s stock valued at $1,657,000 after buying an additional 77,692 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Sweetgreen by 6.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,572 shares of the company’s stock valued at $1,516,000 after buying an additional 3,553 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Sweetgreen by 222.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 57,431 shares of the company’s stock worth $855,000 after acquiring an additional 39,643 shares during the period. 95.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on SG. Morgan Stanley set a $10.00 target price on shares of Sweetgreen in a report on Tuesday, October 21st. Sanford C. Bernstein set a $8.00 price objective on Sweetgreen in a research note on Wednesday, October 22nd. Piper Sandler reduced their target price on Sweetgreen from $12.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday. The Goldman Sachs Group cut Sweetgreen from a “buy” rating to a “sell” rating and set a $5.00 target price for the company. in a research note on Friday. Finally, Barclays dropped their price target 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. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.04.

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.