In the latest trading session, 1.61 million Sweetgreen Inc (NYSE:SG) shares changed hands as the company’s beta touched 2.31. With the company’s most recent per share price at $34.99 changed hands at -$2.38 or -6.37% at last look, the market valuation stands at $3.95B. SG’s current price is a discount, trading about -8.26% off its 52-week high of $37.88. The share price had its 52-week low at $8.64, which suggests the last value was 75.31% up since then. When we look at Sweetgreen Inc’s average trading volume, we note the 10-day average is 5.34 million shares, with the 3-month average coming to 3.07 million.

Analysts gave the Sweetgreen Inc (SG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.73. If we narrow down to specifics, the data shows that 0 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended SG as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight.

Sweetgreen Inc (NYSE:SG) trade information

Instantly SG was in red as seen in intraday trades today. With action 2.16%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 209.65%, with the 5-day performance at 2.16% in the green. However, in the 30-day time frame, Sweetgreen Inc (NYSE:SG) is 44.59% up. Looking at the short shares, we see there were 11.3 million shares sold at short interest cover period of 4.16 days.

The consensus price target for the stock as assigned by Wall Street analysts is 36, meaning bulls need an upside of 2.81% from its recent market value. According to analyst projections, SG’s forecast low is 12 with 45 as the target high. To hit the forecast high, the stock’s price needs a -28.61% plunge from its current level, while the stock would need to tank 65.7% for it to hit the projected low.

Sweetgreen Inc (SG) estimates and forecasts

Data shows that the Sweetgreen Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 184.01% over the past 6 months, a 22.68% in annual growth rate that is considerably higher than the industry average of 8.00%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -12.71%. The 2024 estimates are for Sweetgreen Inc earnings to increase by 29.90%, but the outlook for the next 5-year period is at 27.00% per year.

SG Dividends

Sweetgreen Inc is expected to release its next quarterly earnings report in September.

Sweetgreen Inc (NYSE:SG)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 3.07% of Sweetgreen Inc shares while 94.18% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 97.16%. There are 94.18% institutions holding the Sweetgreen Inc stock share, with FMR LLC the top institutional holder. As of 2024-03-31, the company held 13.1358% of the shares, roughly 14.7 million SG shares worth $371.32 million.

BAILLIE GIFFORD & CO holds the second largest percentage of outstanding shares, with 10.3698% or 11.6 million shares worth $293.13 million as of 2024-03-31.

Among Mutual Funds, the top two as of May 31, 2024 were Vanguard U.S. Growth Fund and Fidelity Blue Chip Growth Fund. With 6.06 shares estimated at $212.07 million under it, the former controlled 5.96% of total outstanding shares. On the other hand, Fidelity Blue Chip Growth Fund held about 4.37% of the shares, roughly 4.45 shares worth around $155.69 million.