Sweetgreen, Inc. (NYSE:SG – Free Report) – Stock analysts at KeyCorp issued their FY2024 earnings estimates for shares of Sweetgreen in a note issued to investors on Tuesday, December 10th. KeyCorp analyst E. Gonzalez anticipates that the company will post earnings per share of ($0.79) for the year. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for Sweetgreen’s current full-year earnings is ($0.73) per share. KeyCorp also issued estimates for Sweetgreen’s Q4 2024 earnings at ($0.25) EPS, Q1 2025 earnings at ($0.18) EPS, Q2 2025 earnings at ($0.07) EPS, Q3 2025 earnings at ($0.13) EPS, Q4 2025 earnings at ($0.20) EPS, FY2025 earnings at ($0.59) EPS, Q1 2026 earnings at ($0.14) EPS, Q2 2026 earnings at $0.03 EPS, Q3 2026 earnings at ($0.07) EPS and FY2026 earnings at ($0.33) EPS.
SG has been the subject of a number of other reports. UBS Group lifted their price target on shares of Sweetgreen from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, November 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $40.00 target price on shares of Sweetgreen in a research note on Friday, November 8th. TD Cowen reiterated a “buy” rating and set a $45.00 price objective on shares of Sweetgreen in a research report on Monday, November 18th. Oppenheimer upped their price objective on shares of Sweetgreen from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Piper Sandler restated a “neutral” rating and set a $39.00 price objective (up previously from $33.00) on shares of Sweetgreen in a report on Monday, August 19th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Sweetgreen presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.80.
Sweetgreen Trading Down 8.7 %
Shares of SG opened at $34.46 on Friday. The stock’s 50 day moving average is $38.37 and its two-hundred day moving average is $33.39. Sweetgreen has a twelve month low of $9.66 and a twelve month high of $45.12. The firm has a market capitalization of $3.99 billion, a PE ratio of -44.18 and a beta of 2.32.
Insider Activity
In related news, CEO Jonathan Neman sold 1,010 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $40.01, for a total value of $40,410.10. Following the completion of the transaction, the chief executive officer now owns 1,930,228 shares of the company’s stock, valued at approximately $77,228,422.28. This trade represents a 0.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Mitch Reback sold 72,000 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $37.77, for a total value of $2,719,440.00. Following the completion of the sale, the chief financial officer now directly owns 43,901 shares of the company’s stock, valued at approximately $1,658,140.77. This trade represents a 62.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 470,639 shares of company stock valued at $18,379,124. Company insiders own 21.52% of the company’s stock.
Institutional Trading of Sweetgreen
Several large investors have recently added to or reduced their stakes in SG. Hollencrest Capital Management bought a new stake in shares of Sweetgreen during the 3rd quarter worth $35,000. Quest Partners LLC bought a new position in Sweetgreen in the 2nd quarter worth approximately $76,000. KBC Group NV lifted its holdings in shares of Sweetgreen by 29.1% during the third quarter. KBC Group NV now owns 3,127 shares of the company’s stock worth $111,000 after buying an additional 704 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Sweetgreen in the third quarter valued at approximately $155,000. Finally, Canton Hathaway LLC acquired a new stake in shares of Sweetgreen in the third quarter worth $177,000. 95.75% of the stock is owned by institutional investors.
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.
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