Sweetgreen (NYSE:SG) Price Target Raised to $9.00

Posted by Stanley Muller on Oct 21st, 2026

Sweetgreen (NYSE:SG – Get Free Report) had its target price raised by research analysts at TD Cowen from $6.00 to $9.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the stock. TD Cowen’s price target points to a potential downside of 15.47% from the stock’s current price.

SG has been the topic of several other reports. DA Davidson decreased their price target on shares of Sweetgreen from $7.00 to $5.50 and set a “neutral” rating on the stock in a research note on Monday, August 10th. UBS Group upgraded shares of Sweetgreen from a “neutral” rating to a “buy” rating in a report on Friday, August 7th. Royal Bank Of Canada upped their price objective on shares of Sweetgreen from $6.50 to $11.00 and gave the company an “outperform” rating in a research note on Tuesday, September 29th. Morgan Stanley increased their target price on shares of Sweetgreen from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Thursday, October 15th. Finally, Citigroup reduced their target price on shares of Sweetgreen from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.85.

Get Our Latest Analysis on SG

Sweetgreen Trading Up 4.6%

Shares of NYSE SG opened at $10.65 on Wednesday. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 106.48 and a beta of 2.16. Sweetgreen has a 1-year low of $4.49 and a 1-year high of $10.77. The stock’s 50-day moving average is $7.77 and its 200 day moving average is $7.56.

Sweetgreen (NYSE:SG – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.09). The firm had revenue of $192.66 million during the quarter, compared to the consensus estimate of $194.50 million. Sweetgreen had a negative return on equity of 32.94% and a net margin of 2.01%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.20) EPS. On average, analysts forecast that Sweetgreen will post -1.03 EPS for the current fiscal year.

Insider Transactions at Sweetgreen

In related news, CFO Jamie McConnell sold 15,033 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $6.21, for a total transaction of $93,354.93. Following the completion of the sale, the chief financial officer directly owned 210,489 shares in the company, valued at $1,307,136.69. This represents a 6.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Jason Miles Cochran sold 4,809 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $6.21, for a total value of $29,863.89. Following the transaction, the chief operating officer owned 207,076 shares in the company, valued at approximately $1,285,941.96. The trade was a 2.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 18.19% of the company’s stock.

Hedge Funds Weigh In On Sweetgreen

A number of large investors have recently bought and sold shares of SG. Fifth Third Bancorp bought a new stake in Sweetgreen in the first quarter valued at approximately $38,000. State of Alaska Department of Revenue purchased a new stake in shares of Sweetgreen during the third quarter valued at approximately $68,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Sweetgreen during the second quarter valued at approximately $90,000. Versant Capital Management Inc grew its holdings in shares of Sweetgreen by 241.5% in the second quarter. Versant Capital Management Inc now owns 10,518 shares of the company’s stock worth $93,000 after purchasing an additional 7,438 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC bought a new position in shares of Sweetgreen in the first quarter worth approximately $56,000. 95.75% of the stock is owned by hedge funds and other institutional investors.

About Sweetgreen

(Get Free Report)

Sweetgreen, Inc operates a fast-casual restaurant chain focused on fresh, made-to-order meals. Its menu includes salads, warm grain bowls, protein plates, sides and beverages, with an emphasis on seasonal ingredients, customizable meals and health-conscious dining.

The company serves customers through company-operated restaurants in the United States, as well as digital channels that support online ordering, delivery, pickup and its loyalty program. Sweetgreen also uses technology in restaurant operations, including automated kitchen systems at select locations, to help improve consistency and service efficiency.

Sweetgreen was founded in 2007 by Nicolas Jammet, Jonathan Neman and Nathaniel Ru while they were students at Georgetown University.