Sweetgreen Inc (NYSE:SG) has a beta value of 2.30 and has seen 0.47 million shares traded in the recent trading session. The company, currently valued at $2.82B, closed the recent trade at $24.86 per share which meant it lost -$0.67 on the day or -2.62% during that session. The SG stock price is -47.71% off its 52-week high price of $36.72 and 65.25% above the 52-week low of $8.64. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.84 million shares traded. The 3-month trading volume is 3.02 million shares.
The consensus among analysts is that Sweetgreen Inc (SG) is Buy stock at the moment, with a recommendation rating of 1.55. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 6 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.1.
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Sweetgreen Inc (NYSE:SG) trade information
Sporting -2.62% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SG stock price touched $24.86 or saw a rise of 4.38%. Year-to-date, Sweetgreen Inc shares have moved 120.00%, while the 5-day performance has seen it change -1.43%. Over the past 30 days, the shares of Sweetgreen Inc (NYSE:SG) have changed -13.20%. Short interest in the company has seen 11.41 million shares shorted with days to cover at 4.53.
Wall Street analysts have a consensus price target for the stock at $31, which means that the shares’ value could jump 19.81% from the levels at last check today. The projected low price target is $12 while the price target rests at a high of $45. In that case, then, we find that the latest price level in today’s session is -81.01% off the targeted high while a plunge would see the stock lose 51.73% from the levels at last check today.
Sweetgreen Inc (SG) estimates and forecasts
Figures show that Sweetgreen Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 142.54% over the past 6 months, with this year growth rate of 24.74%, compared to 8.00% for the industry. Revenue growth from the last financial year stood is estimated to be 15.40%.
10 analysts offering their estimates for the company have set an average revenue estimate of 180.81M for the current quarter. 10 have an estimated revenue figure of 174.37M for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -12.71% over the past 5 years. Earnings growth for 2024 is a modest 39.25% while over the next 5 years, the company’s earnings are expected to increase by 27.00%.
SG Dividends
Sweetgreen Inc is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Sweetgreen Inc (NYSE:SG)’s Major holders
Insiders own 3.11% of the company shares, while shares held by institutions stand at 90.11% with a share float percentage of 93.00%. Investors are also buoyed by the number of investors in a company, with Sweetgreen Inc having a total of 273.0 institutions that hold shares in the company. The top two institutional holders are FMR LLC with over 14.7 million shares worth more than $371.32 million. As of 2024-03-31, FMR LLC held 13.1358% of shares outstanding.
The other major institutional holder is BAILLIE GIFFORD & CO, with the holding of over 11.6 million shares as of 2024-03-31. The firm’s total holdings are worth over $293.13 million and represent 10.3698% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard U.S. Growth Fund and Fidelity Blue Chip Growth Fund. As of Feb 29, 2024, the former fund manager holds about 5.87% shares in the company for having 5.9 shares of worth $145.86 million while later fund manager owns 4.9 shares of worth $121.33 million as of May 31, 2024, which makes it owner of about 4.88% of company’s outstanding stock.
