Sweetgreen Inc (NYSE:SG)’s traded shares stood at 2.14 million during the last session, with the company’s beta value hitting 2.34. At the close of trading, the stock’s price was $40.49, to imply an increase of 5.09% or $1.96 in intraday trading. The SG share’s 52-week high remains $45.12, putting it -11.43% down since that peak but still an impressive 76.32% since price per share fell to its 52-week low of $9.59. The company has a valuation of $4.68B, with an average of 2.68 million shares in intraday trading volume over the past 10 days and average of 3.11 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Sweetgreen Inc (SG), translating to a mean rating of 1.73. Of 9 analyst(s) looking at the stock, 0 analyst(s) give SG a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.17.
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Sweetgreen Inc (NYSE:SG) trade information
After registering a 5.09% upside in the last session, Sweetgreen Inc (SG) has traded red over the past five days. The 5-day price performance for the stock is -6.42%, and 6.41% over 30 days. With these gigs, the year-to-date price performance is 258.32%. Short interest in Sweetgreen Inc (NYSE:SG) saw shorts transact 13.6 million shares and set a 4.25 days time to cover.
The extremes give us $25 and $45 for target low and target high price respectively. As such, SG has been trading -11.14% off suggested target high and 38.26% from its likely low.
Sweetgreen Inc (SG) estimates and forecasts
Looking at statistics comparing Sweetgreen Inc share performance against respective industry, we note that the company has outperformed competitors. Sweetgreen Inc (SG) shares are 15.75% up over the last 6 months, with its year-to-date growth rate higher than industry average at 24.74% against 0.50%. The rating firms project that company’s revenue will grow 16.28% compared to the previous financial year.
Revenue forecast for the current quarter as set by 10 analysts is 163.36M. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 181.62M.Earnings reports from the last fiscal year show that sales brought in 153.03M and 157.85M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 6.76% before jumping 15.06% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -12.71% for the past 5-year period. While 2024 is set for a 29.23% return in earnings, projections for the next 5 years are at 27.00% annually.
SG Dividends
Sweetgreen Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Sweetgreen Inc (NYSE:SG)’s Major holders
Sweetgreen Inc insiders hold 2.67% of total outstanding shares, with institutional holders owning 100.38% of the shares at 103.14% float percentage. In total, 100.38% institutions holds shares in the company, led by BAILLIE GIFFORD & CO. As of 2024-06-30, the company held over 12.33 million shares (or 10.9302% of shares), all amounting to roughly $371.52 million.
The next major institution holding the largest number of shares is FMR LLC with 10.97 million shares, or about 9.7276% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $330.64 million.
