Citigroup Cuts Sweetgreen (NYSE:SG) Price Target to $8.00

Posted by Brian Himes on Aug 7th, 2026

Sweetgreen (NYSE:SG – Get Free Report) had its price target dropped by equities research analysts at Citigroup from $10.00 to $8.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 48.42% from the stock’s current price.

SG has been the topic of several other reports. Oppenheimer reduced their price objective on Sweetgreen from $10.00 to $8.50 and set an “outperform” rating on the stock in a research report on Friday. Weiss Ratings upgraded Sweetgreen from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 22nd. TD Cowen cut their target price on Sweetgreen from $8.00 to $5.00 and set a “hold” rating for the company in a research note on Friday. DA Davidson increased their price target on shares of Sweetgreen from $5.50 to $7.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Finally, UBS Group reissued a “buy” rating on shares of Sweetgreen in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $7.22.

Get Our Latest Report on SG

Sweetgreen Stock Down 8.2%

Shares of NYSE SG traded down $0.48 during mid-day trading on Friday, reaching $5.39. 17,391,046 shares of the company were exchanged, compared to its average volume of 5,086,554. Sweetgreen has a 52 week low of $4.49 and a 52 week high of $10.63. The stock has a market capitalization of $640.49 million, a PE ratio of 44.92 and a beta of 2.19. The company’s 50 day moving average price is $7.75 and its 200 day moving average price is $6.86.

Sweetgreen (NYSE:SG – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported ($0.22) EPS 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 net margin of 2.49% and a negative return on equity of 33.07%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.20) EPS. On average, sell-side analysts predict that Sweetgreen will post -0.52 earnings per share for the current year.

Institutional Investors Weigh In On Sweetgreen

Several institutional investors have recently bought and sold shares of SG. Woodson Capital Management LP grew its position in Sweetgreen by 152.6% during the 4th quarter. Woodson Capital Management LP now owns 6,000,000 shares of the company’s stock worth $40,560,000 after acquiring an additional 3,625,000 shares during the last quarter. Marshall Wace LLP increased its stake in Sweetgreen by 1,428.8% in the 3rd quarter. Marshall Wace LLP now owns 3,923,973 shares of the company’s stock worth $31,313,000 after purchasing an additional 3,667,306 shares during the period. Federated Hermes Inc. increased its stake in Sweetgreen by 366.8% in the 4th quarter. Federated Hermes Inc. now owns 2,647,899 shares of the company’s stock worth $17,900,000 after purchasing an additional 2,080,628 shares during the period. Geode Capital Management LLC lifted its position in Sweetgreen by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,453,564 shares of the company’s stock valued at $16,589,000 after purchasing an additional 16,281 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Sweetgreen by 35.6% in the fourth quarter. BNP Paribas Financial Markets now owns 2,295,867 shares of the company’s stock valued at $15,520,000 after purchasing an additional 603,029 shares during the last quarter. 95.75% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Sweetgreen

Here are the key news stories impacting Sweetgreen this week:

Positive Sentiment: Second-quarter revenue increased 3.8% year over year to $192.66 million, indicating continued sales growth despite the challenging environment. Oppenheimer maintained an “outperform” rating, although it reduced its price target from $10 to $8.50. Oppenheimer lowers Sweetgreen price target
Neutral Sentiment: Sweetgreen said it has not been implicated in the ongoing cyclospora outbreak, but consumer concerns about fresh produce are affecting traffic. The company removed jalapeños from its offerings amid the broader food-safety concerns. Sweetgreen cuts full-year outlook as cyclospora fears weigh on sales
Negative Sentiment: Sweetgreen reported a second-quarter loss of $0.22 per share, wider than the $0.13 loss analysts expected and worse than the $0.20 loss a year earlier. Revenue also fell slightly short of estimates. Sweetgreen reports second-quarter loss and misses revenue estimates
Negative Sentiment: Same-store sales declined 6.2% in the quarter, marking the chain’s sixth consecutive comparable-sales decline. Management now expects full-year same-store sales to fall 7%–8%, reflecting weaker customer demand linked to cyclospora fears. Sweetgreen shares slide as cyclosporiasis fears prompt forecast cut
Negative Sentiment: Analysts lowered their valuations following the earnings release: Wells Fargo cut its target from $7 to $6, while TD Cowen reduced its target from $8 to $5 and assigned a “hold” rating. Analysts lower Sweetgreen price targets

About Sweetgreen

(Get Free Report)

Sweetgreen, Inc is a fast-casual restaurant chain specializing in salads, grain bowls and warm bowls that emphasize fresh, locally sourced ingredients. Since its founding in 2007 by Jonathan Neman, Nicolas Jammet and Nathaniel Ru, Sweetgreen has focused on sustainable agriculture, working with regional farmers across the United States to provide seasonal produce and promote environmentally responsible sourcing practices. The company’s menu features a variety of plant-forward options, including custom-build salads, chef-curated bowls and limited-time offerings that reflect changing harvests.

Sweetgreen operates a technology-driven service model that combines in-store experiences with digital ordering through its mobile app and website.