During the last session, Sweetgreen Inc (NYSE:SG)’s traded shares were 1.27 million, with the beta value of the company hitting 2.33. At the end of the trading day, the stock’s price was $37.74, reflecting an intraday loss of -2.81% or -$1.09. The 52-week high for the SG share is $45.12, that puts it down -19.55 from that peak though still a striking 74.4% gain since the share price plummeted to a 52-week low of $9.66. The company’s market capitalization is $4.37B, and the average intraday trading volume over the past 10 days was 2.34 million shares, and the average trade volume was 2.93 million shares over the past three months.
Sweetgreen Inc (SG) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.83. SG has a Sell rating from 0 analyst(s) out of 9 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.18.
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Sweetgreen Inc (NYSE:SG) trade information
Sweetgreen Inc (SG) registered a -2.81% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.81% in intraday trading to $37.74, hitting a weekly high. The stock’s 5-day price performance is -5.77%, and it has moved by -0.42% in 30 days. Based on these gigs, the overall price performance for the year is 268.20%. The short interest in Sweetgreen Inc (NYSE:SG) is 13.1 million shares and it means that shorts have 3.94 day(s) to cover.
The consensus price target of analysts on Wall Street is $39, which implies an increase of 3.23% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $25 and $40 respectively. As a result, SG is trading at a discount of -5.99% off the target high and 33.76% off the low.
Sweetgreen Inc (SG) estimates and forecasts
Statistics show that Sweetgreen Inc has outperformed its competitors in share price, compared to the industry in which it operates. Sweetgreen Inc (SG) shares have gone up 12.02% during the last six months, with a year-to-date growth rate more than the industry average at 24.74% against 0.80. In the rating firms’ projections, revenue will increase 16.28% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 163.34M as predicted by 11 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 181.57M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 153.03M and 157.85M respectively. In this case, analysts expect current quarter sales to grow by 6.74% and then jump by 15.03% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -12.71%. While earnings are projected to return 28.16% in 2024, the next five years will return 27.00% per annum.
SG Dividends
Sweetgreen Inc is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Sweetgreen Inc (NYSE:SG)’s Major holders
Sweetgreen Inc insiders own 2.67% of total outstanding shares while institutional holders control 100.38%, with the float percentage being 103.14%. BAILLIE GIFFORD & CO is the largest shareholder of the company, while 360.0 institutions own stock in it. As of 2024-06-30, the company held over 12.33 million shares (or 10.9302% of all shares), a total value of $371.52 million in shares.
The next largest institutional holding, with 10.97 million shares, is of FMR LLC’s that is approximately 9.7276% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $330.64 million.
