Sweetgreen (NYSE:SG) Given New $14.00 Price Target at Oppenheimer

Posted by Francis Steltz on Nov 7th, 2026

Sweetgreen (NYSE:SG – Free Report) had its price target raised by Oppenheimer from $8.50 to $14.00 in a report issued on Friday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Other analysts also recently issued reports about the stock. DA Davidson raised their target price on shares of Sweetgreen from $5.50 to $12.00 and gave the stock a “neutral” rating in a report on Friday. UBS Group upped their price target on shares of Sweetgreen from $6.50 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, October 28th. Citigroup upped their price target on shares of Sweetgreen from $8.00 to $13.00 and gave the company a “buy” rating in a report on Friday, October 23rd. Weiss Ratings downgraded shares of Sweetgreen from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen upgraded shares of Sweetgreen from a “strong sell” rating to a “sell” rating in a report on Sunday, August 16th. Six investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.88.

Read Our Latest Research Report on SG

Sweetgreen Trading Up 3.2%

Shares of NYSE SG traded up $0.37 during mid-day trading on Friday, reaching $11.92. 12,911,641 shares of the company’s stock were exchanged, compared to its average volume of 4,465,237. Sweetgreen has a twelve month low of $4.49 and a twelve month high of $12.49. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 79.50 and a beta of 2.11. The business has a fifty day simple moving average of $8.93 and a 200 day simple moving average of $7.31.

Sweetgreen (NYSE:SG – Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The company reported ($0.26) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.26). Sweetgreen had a negative return on equity of 32.94% and a net margin of 2.01%. The business had revenue of $176.02 million during the quarter, compared to analyst estimates of $170.07 million. During the same period in the previous year, the firm earned ($0.31) EPS. Sweetgreen’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts predict that Sweetgreen will post -1.04 earnings per share 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 transaction, the chief financial officer directly owned 210,489 shares in the company, valued at approximately $1,307,136.69. This trade represents a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 stock in a transaction dated 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 of the company’s stock, valued at approximately $1,285,941.96. The trade was a 2.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.

Institutional Investors Weigh In On Sweetgreen

Several institutional investors have recently bought and sold shares of the company. Ibex Investors LLC lifted its stake in Sweetgreen by 5.8% in the 3rd quarter. Ibex Investors LLC now owns 1,188,000 shares of the company’s stock valued at $10,538,000 after acquiring an additional 65,000 shares in the last quarter. Wellington Management Group LLP acquired a new position in Sweetgreen during the 2nd quarter worth approximately $4,557,000. Bank of New York Mellon Corp bought a new position in shares of Sweetgreen during the 2nd quarter worth approximately $2,792,000. Granahan Investment Management LLC bought a new position in shares of Sweetgreen during the 1st quarter worth approximately $1,472,000. Finally, Quantinno Capital Management LP grew its stake in shares of Sweetgreen by 495.3% during the 1st quarter. Quantinno Capital Management LP now owns 193,757 shares of the company’s stock worth $1,006,000 after acquiring an additional 161,209 shares in the last quarter. Institutional investors own 95.75% of the company’s stock.

Key Headlines Impacting Sweetgreen

Here are the key news stories impacting Sweetgreen this week:

Positive Sentiment: Sweetgreen reported Q3 revenue of $176.0 million, up 2.1% year over year and above the roughly $170 million consensus estimate. Its $0.26-per-share loss was in line with consensus and narrower than the year-earlier loss. Same-store sales fell 6.4%, an improvement from a 9.5% decline a year ago. Sweetgreen Q3 results
Positive Sentiment: Several firms raised their targets: Oppenheimer and Wells Fargo moved to $14, while KeyCorp raised its target to $13; all maintained bullish ratings. The revisions may bolster confidence following the earnings release. Oppenheimer rating Wells Fargo rating KeyCorp rating
Neutral Sentiment: TD Cowen raised its target from $9 to $11 but kept a Hold rating; its new target remains below the stock’s recent trading level. TD Cowen rating
Negative Sentiment: Despite improvement, same-store sales remained negative and overall revenue growth was modest. Reports tie the sales pressure to the Cyclospora outbreak, leaving investors focused on whether the recovery can continue. Same-store sales and outbreak recovery

Sweetgreen Company Profile

(Get Free Report)

Sweetgreen, Inc operates a fast-casual restaurant company focused on fresh, customizable meals. Its menu includes salads, grain bowls, protein plates, sides, and beverages made with seasonal produce and other ingredients. Customers can order in restaurants or through Sweetgreen’s website and mobile application, with options for pickup and delivery.

Founded in 2007 by Nicolas Jammet, Jonathan Neman, and Nathaniel Ru, Sweetgreen began as a single restaurant in Washington, DC The company has expanded its restaurant network across metropolitan areas in the United States, with locations concentrated in major markets on the East and West coasts and in other regions.