Shares of Sweetgreen, Inc. (NYSE:SG – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $34.00.
SG has been the topic of several research analyst reports. Morgan Stanley boosted their price objective on shares of Sweetgreen from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. UBS Group increased their price objective on shares of Sweetgreen from $31.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. lifted their target price on shares of Sweetgreen from $32.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, June 14th. TD Cowen upped their price target on Sweetgreen from $26.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, June 13th. Finally, William Blair reaffirmed an “outperform” rating on shares of Sweetgreen in a research note on Wednesday, May 15th.
Get Our Latest Research Report on Sweetgreen
Insider Buying and Selling
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Sequoia Financial Advisors LLC acquired a new position in Sweetgreen in the fourth quarter valued at approximately $323,000. Handelsbanken Fonder AB acquired a new position in shares of Sweetgreen in the 4th quarter valued at $137,000. Mach 1 Financial Group LLC purchased a new position in shares of Sweetgreen in the 4th quarter valued at $520,000. Triumph Capital Management purchased a new position in shares of Sweetgreen in the 4th quarter valued at $126,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Sweetgreen by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 731,369 shares of the company’s stock worth $8,264,000 after acquiring an additional 15,463 shares in the last quarter. Hedge funds and other institutional investors own 95.75% of the company’s stock.
Sweetgreen Price Performance
NYSE:SG opened at $37.37 on Friday. The company’s 50-day moving average is $28.60 and its two-hundred day moving average is $24.29. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of -40.18 and a beta of 2.30. Sweetgreen has a 1-year low of $8.64 and a 1-year high of $37.88.
Sweetgreen (NYSE:SG – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.02). Sweetgreen had a negative return on equity of 19.34% and a negative net margin of 14.33%. The business had revenue of $184.60 million during the quarter, compared to analysts’ expectations of $180.79 million. During the same quarter in the previous year, the company posted ($0.20) earnings per share. The company’s revenue was up 21.0% on a year-over-year basis. As a group, equities analysts anticipate that Sweetgreen will post -0.75 earnings per share for the current fiscal year.
About Sweetgreen
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.
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