In last trading session, Sweetgreen Inc. (NYSE:SG) saw 3.15 million shares changing hands with its beta currently measuring 2.00. Company’s recent per share price level of $12.56 trading at $0.42 or 3.46% at ring of the bell on the day assigns it a market valuation of $1.44B. That closing price of SG’s stock is at a discount of -59.24% from its 52-week high price of $20.00 and is indicating a premium of 51.43% from its 52-week low price of $6.10. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.65 million shares which gives us an average trading volume of 2.18 million if we extend that period to 3-months.
For Sweetgreen Inc. (SG), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 9 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.15 in the current quarter.
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Sweetgreen Inc. (NYSE:SG) trade information
Upright in the green during last session for gaining 3.46%, in the last five days SG remained trading in the red while hitting it’s week-highest on Monday, 09/11/23 when the stock touched $12.56 price level, adding 10.54% to its value on the day. Sweetgreen Inc.’s shares saw a change of 46.56% in year-to-date performance and have moved -8.52% in past 5-day. Sweetgreen Inc. (NYSE:SG) showed a performance of -11.24% in past 30-days. Number of shares sold short was 11.17 million shares which calculate 4.71 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $16.00 to the stock, which implies a rise of 21.5% to its current value. Analysts have been projecting $14.00 as a low price target for the stock while placing it at a high target of $19.00. It follows that stock’s current price would drop -51.27% in reaching the projected high whereas dropping to the targeted low would mean a loss of -11.46% for stock’s current value.
Sweetgreen Inc. (SG) estimates and forecasts
Statistics highlight that Sweetgreen Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 75.17% of value to its shares in past 6 months, showing an annual growth rate of 42.94% while that of industry is 15.00. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 54.50% in the current quarter and calculating 50.00% increase in the next quarter. This year revenue growth is estimated to rise 24.00% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $153.72 million for the same. And 7 analysts are in estimates of company making revenue of $149.51 million in the next quarter that will end on Dec 2023. Company posted $129.44 million and $118.57 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 18.80% while estimating it to be 26.10% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -41.10% during past 5 years. In 2023, company’s earnings growth rate is likely to be around -8.20% while estimates for its earnings growth in next 5 years are of 27.40%.
SG Dividends
Sweetgreen Inc. is more likely to be releasing its next quarterly report between November 09 and November 13 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Sweetgreen Inc. (NYSE:SG)’s Major holders
Insiders are in possession of 7.84% of company’s total shares while institution are holding 83.11 percent of that, with stock having share float percentage of 90.19%. Investors also watch the number of corporate investors in a company very closely, which is 83.11% institutions for Sweetgreen Inc. that are currently holding shares of the company. FMR, LLC is the top institutional holder at SG for having 14.73 million shares of worth $184.96 million. And as of Jun 29, 2023, it was holding 14.91% of the company’s outstanding shares.
The second largest institutional holder is Baillie Gifford and Company, which was holding about 9.1 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 9.22% of outstanding shares, having a total worth of $114.32 million.
On the other hand, Fidelity Blue Chip Growth Fund and Janus Henderson Contrarian Fund are the top two Mutual Funds which own company’s shares. As of Jul 30, 2023, the former fund manager was holding 6.98 million shares of worth $87.64 million or 7.07% of the total outstanding shares. The later fund manager was in possession of 2.86 million shares on Jun 29, 2023, making its stake of worth around $35.94 million in the company or a holder of 2.90% of company’s stock.
- Tags: NYSE:SG, SG, SG stock, Sweetgreen Inc.
