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Sweetgreen Inc (NYSE:SG): Buy, Sell Or Hold At $11.88?

In last trading session, Sweetgreen Inc (NYSE:SG) saw 2.38 million shares changing hands with its beta currently measuring 1.86. Company’s recent per share price level of $11.88 trading at $0.69 or 6.17% at ring of the bell on the day assigns it a market valuation of $1.34B. That closing price of SG’s stock is at a discount of -39.56% from its 52-week high price of $16.58 and is indicating a premium of 48.65% 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 1.24 million shares which gives us an average trading volume of 1.47 million if we extend that period to 3-months.

Sweetgreen Inc (NYSE:SG) trade information

Upright in the green during last session for gaining 6.17%, in the last five days SG remained trading in the green while hitting it’s week-highest on Thursday, 02/08/24 when the stock touched $11.88 price level, adding 0.59% to its value on the day. Sweetgreen Inc’s shares saw a change of 5.13% in year-to-date performance and have moved 7.61% in past 5-day. Sweetgreen Inc (NYSE:SG) showed a performance of 12.29% in past 30-days. Number of shares sold short was 13.36 million shares which calculate 9.69 days to cover the short interests.

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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 lost -13.22% of value to its shares in past 6 months, showing an annual growth rate of 47.24% while that of industry is 16.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

SG Dividends

Sweetgreen Inc is more likely to be releasing its next quarterly report between February 24 and February 28 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 7.54% of company’s total shares while institution are holding 86.02 percent of that, with stock having share float percentage of 93.03%. Investors also watch the number of corporate investors in a company very closely, which is 86.02% 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 $188.78 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 $116.69 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 $105.15 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 $36.68 million in the company or a holder of 2.90% of company’s stock.

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