In the last trading session, 3.07 million shares of the Sweetgreen Inc (NYSE:SG) were traded, and its beta was 2.29. Most recently the company’s share price was $37.89, and it changed around $4.06 or 12.00% from the last close, which brings the market valuation of the company to $4.38B. SG currently trades at a discount to its 52-week high of $42.77, offering almost -12.88% off that amount. The share price’s 52-week low was $9.21, which indicates that the current value has risen by an impressive 75.69% since then. We note from Sweetgreen Inc’s average daily trading volume that its 10-day average is 4.34 million shares, with the 3-month average coming to 3.22 million.
Sweetgreen Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.73. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 4 recommended SG as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Sweetgreen Inc is expected to report earnings per share of -0.17 for the current quarter.
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Sweetgreen Inc (NYSE:SG) trade information
Instantly SG has showed a green trend with a performance of 12.00% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 39.82 on recent trading dayincreased the stock’s daily price by 4.85%. The company’s shares are currently up 235.31% year-to-date, but still down -0.03% over the last five days. On the other hand, Sweetgreen Inc (NYSE:SG) is 2.77% up in the 30-day period. We can see from the shorts that 15.51 million shares have been sold at a short interest cover period of 5.86 day(s).
The consensus price target as assigned by Wall Street analysts is $36, which translates to bulls needing to decrease their stock price by -5.25% from its current value. Analyst projections state that SG is forecast to be at a low of $12 and a high of $45.
Sweetgreen Inc (SG) estimates and forecasts
Sweetgreen Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 18.70 percent over the past six months and at a 23.71% annual growth rate that is well above the industry average of 1.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -30.75% in revenue this quarter, and will report a decrease of -13.35% in the next quarter. The year-over-year growth rate is expected to be 16.28%, up from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 163.36M in revenue for the current quarter. 7 analysts expect Sweetgreen Inc to make 181.62M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 153.03M and 157.85M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 6.76%. Forecasts for the next quarter put sales growth at 15.06%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -12.71%. Sweetgreen Inc earnings are expected to increase by 29.23% in 2024, but the outlook is positive 27.00% per year for the next five years.
SG Dividends
Sweetgreen Inc’s next quarterly earnings report is expected to be released in December.
Sweetgreen Inc (NYSE:SG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.78% of Sweetgreen Inc shares, and 100.35% of them are in the hands of institutional investors. The stock currently has a share float of 103.22%. Sweetgreen Inc stock is held by 362.0 institutions, with BAILLIE GIFFORD & CO being the largest institutional investor. By 2024-06-30, it held 10.9302% of the shares, which is about 12.33 million shares worth $371.52 million.
FMR LLC, with 9.7276% or 10.97 million shares worth $330.64 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard U.S. Growth Fund and Fidelity Blue Chip Growth Fund were the top two Mutual Funds as of Aug 31, 2024 . The former held 6.06 shares worth $229.74 million, making up 5.86% of all outstanding shares. On the other hand, Fidelity Blue Chip Growth Fund held roughly 3.56 shares worth around $134.79 million, which represents about 3.44% of the total shares outstanding.
