1 week Ago By ABMN Staff
Sweetgreen, Inc. ( NYSE:SG – Get Free Report ) shares rose 3.1% during mid-day trading on Friday .
The company traded as high as $29.54 and last traded at $29.34.
Approximately 713,554 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 2,791,776 shares. The stock had previously closed at $28.45.
Analyst Upgrades and Downgrades SG has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on Sweetgreen from $25.00 to $27.
00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Citigroup lifted their price objective on Sweetgreen from $30.00 to $32.
00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Oppenheimer lifted their price objective on Sweetgreen from $36.00 to $40.
00 and gave the stock an “outperform” rating in a report on Thursday, August 15th. JPMorgan Chase & Co. boosted their price target on Sweetgreen from $32.
00 to $37.00 and gave the company an “overweight” rating in a research note on Friday, June 14th. Finally, UBS Group boosted their price target on Sweetgreen from $31.
00 to $37.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock.
According to data from MarketBeat, Sweetgreen has a consensus rating of “Moderate Buy” and an average target price of $38.20. Get Our Latest Stock Analysis on Sweetgreen Sweetgreen Price Performance Sweetgreen ( NYSE:SG – Get Free Report ) last posted its earnings results on Thursday, August 8th.
The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.
02). The company had revenue of $184.60 million for the quarter, compared to analyst estimates of $180.
79 million. Sweetgreen had a negative return on equity of 19.34% and a negative net margin of 14.
33%. The business’s quarterly revenue was up 21.0% compared to the same quarter last year.
During the same quarter in the prior year, the business posted ($0.20) EPS. Equities research analysts predict that Sweetgreen, Inc.
will post -0.75 EPS for the current year. Insiders Place Their Bets In other Sweetgreen news, CTO Wouleta Ayele sold 2,831 shares of the firm’s stock in a transaction dated Friday, August 16th.
The shares were sold at an average price of $36.31, for a total value of $102,793.61.
Following the transaction, the chief technology officer now directly owns 144,649 shares of the company’s stock, valued at approximately $5,252,205.19. The transaction was disclosed in a legal filing with the SEC, which is available through this link .
In related news, CTO Wouleta Ayele sold 2,831 shares of Sweetgreen stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $36.31, for a total transaction of $102,793.
61. Following the sale, the chief technology officer now directly owns 144,649 shares of the company’s stock, valued at approximately $5,252,205.19.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Also, CEO Jonathan Neman sold 169,772 shares of Sweetgreen stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $35.
77, for a total transaction of $6,072,744.44. Following the sale, the chief executive officer now directly owns 1,930,228 shares in the company, valued at $69,044,255.
56. The disclosure for this sale can be found here . Insiders sold 371,116 shares of company stock worth $13,248,867 in the last quarter.
21.52% of the stock is currently owned by corporate insiders. Institutional Investors Weigh In On Sweetgreen Several hedge funds have recently added to or reduced their stakes in SG.
Quest Partners LLC acquired a new stake in Sweetgreen during the 2nd quarter worth approximately $76,000. Versor Investments LP acquired a new stake in Sweetgreen during the 2nd quarter worth approximately $217,000. Perigon Wealth Management LLC acquired a new stake in Sweetgreen during the 1st quarter worth approximately $223,000.
Thoroughbred Financial Services LLC acquired a new stake in Sweetgreen during the 2nd quarter worth approximately $233,000. Finally, Nkcfo LLC acquired a new stake in Sweetgreen during the 2nd quarter worth approximately $241,000. 95.
75% of the stock is currently owned by institutional investors and hedge funds. Sweetgreen Company Profile ( Get Free Report ) 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. Featured Stories Receive News & Ratings for Sweetgreen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sweetgreen and related companies with MarketBeat.com's FREE daily email newsletter .
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