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Sweetgreen Inc. (NYSE: SG) Surged -61.61% In 6 Months – Here’s What Happens Next

Sweetgreen Inc. (NYSE:SG)’s traded shares stood at 1.89 million during the last session. At the close of trading, the stock’s price was $7.26, to imply an increase of 3.86% or $0.27 in intraday trading. The SG share’s 52-week high remains $40.10, putting it -452.34% down since that peak but still an impressive 9.37% since price per share fell to its 52-week low of $6.58. The company has a valuation of $854.57M, with an average of 1.82 million shares in intraday trading volume over the past 10 days and average of 1.61 million shares over the past 3 months.

Sweetgreen Inc. (NYSE:SG) trade information

After registering a 3.86% upside in the last session, Sweetgreen Inc. (SG) has traded red over the past five days. The stock hit a weekly high of 8.02 this Wednesday, 03/15/23, jumping 3.86% in its intraday price action. The 5-day price performance for the stock is -9.36%, and -23.17% over 30 days. With these gigs, the year-to-date price performance is -15.29%. Short interest in Sweetgreen Inc. (NYSE:SG) saw shorts transact 9.68 million shares and set a 5.88 days time to cover.

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Sweetgreen Inc. (SG) estimates and forecasts

Looking at statistics comparing Sweetgreen Inc. share performance against respective industry, we note that the company has outperformed competitors. Sweetgreen Inc. (SG) shares are -61.61% down over the last 6 months, with its year-to-date growth rate higher than industry average at 25.15% against 16.70%. Revenue is forecast to grow 26.70% this quarter before jumping 41.70% for the next one. The rating firms project that company’s revenue will grow 24.00% compared to the previous financial year.

Revenue forecast for the current quarter as set by 6 analysts is $125.96 million. Meanwhile, for the quarter ending Jun 2023, a total of 6 analyst(s) estimate revenue growth to $152.67 million.Earnings reports from the last fiscal year show that sales brought in $102.59 million and $124.92 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 22.80% before jumping 22.20% in the following quarter.

SG Dividends

Sweetgreen Inc. has its next earnings report out on February 23. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Sweetgreen Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Sweetgreen Inc. (NYSE:SG)’s Major holders

Sweetgreen Inc. insiders hold 2.39% of total outstanding shares, with institutional holders owning 87.44% of the shares at 89.59% float percentage. In total, 87.44% institutions holds shares in the company, led by FMR, LLC. As of Dec 30, 2022, the company held over 14.6 million shares (or 14.91% of shares), all amounting to roughly $105.98 million.

The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 7.64 million shares, or about 7.80% of shares outstanding. As of the market price on Dec 30, 2022, these shares were worth $55.48 million.

We also have Price (T.Rowe) New Horizons Fund and Fidelity Blue Chip Growth Fund as the top two Mutual Funds with the largest holdings of the Sweetgreen Inc. (SG) shares. Going by data provided on Sep 29, 2022, Price (T.Rowe) New Horizons Fund holds roughly 10.56 million shares. This is just over 10.85% of the total shares, with a market valuation of $76.69 million. Data from the same date shows that the other fund manager holds a little less at 7.09 million, or 7.28% of the shares, all valued at about 51.44 million.

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