In the last trading session, 1.25 million Sweetgreen Inc (NYSE:SG) shares changed hands as the company’s beta touched 2.38. With the company’s per share price at $32.90 changed hands at $0.24 or 0.73% during last session, the market valuation stood at $3.81B. SG’s last price was a discount, traded about -37.14% off its 52-week high of $45.12. The share price had its 52-week low at $10.45, which suggests the last value was 68.24% up since then. When we look at Sweetgreen Inc’s average trading volume, we note the 10-day average is 3.1 million shares, with the 3-month average coming to 2.84 million.
Analysts gave the Sweetgreen Inc (SG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.67. 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’s EPS for the current quarter is expected to be -0.18.
Sweetgreen Inc (NYSE:SG) trade information
Instantly SG was in green as seen at the end of in last trading. With action 3.52%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 2.62%, with the 5-day performance at 3.52% in the green. However, in the 30-day time frame, Sweetgreen Inc (NYSE:SG) is 2.52% up. Looking at the short shares, we see there were 15.34 million shares sold at short interest cover period of 6.74 days.
The consensus price target for the stock as assigned by Wall Street analysts is 39.5, meaning bulls need an upside of 16.71% from its current market value. According to analyst projections, SG’s forecast low is 39 with 40 as the target high. To hit the forecast high, the stock’s price needs a -21.58% plunge from its current level, while the stock would need to soar -18.54% 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 24.06% over the past 6 months, a 23.71% in annual growth rate that is considerably higher than the industry average of 4.90%. Year-over-year growth is forecast to reach 16.26% up from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 163.28M. 10 analysts are of the opinion that Sweetgreen Inc’s revenue for the current quarter will be 181.32M. The company’s revenue for the corresponding quarters a year ago was 153.03M and 157.85M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 6.70%. The estimates for the next quarter sales put growth at 14.87%.
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 2025 estimates are for Sweetgreen Inc earnings to increase by 28.10%.
SG Dividends
Sweetgreen Inc is expected to release its next quarterly earnings report in March.
Sweetgreen Inc (NYSE:SG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.55% of Sweetgreen Inc shares while 101.08% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 103.72%. There are 101.08% institutions holding the Sweetgreen Inc stock share, with BAILLIE GIFFORD & CO the top institutional holder. As of 2024-06-30, the company held 10.9302% of the shares, roughly 12.33 million SG shares worth $371.52 million.
FMR LLC holds the second largest percentage of outstanding shares, with 9.7276% or 10.97 million shares worth $330.64 million as of 2024-06-30.
Among Mutual Funds, the top two as of Nov 30, 2024 were Vanguard U.S. Growth Fund and Fidelity Blue Chip Growth Fund. With 5.67 shares estimated at $186.7 million under it, the former controlled 5.49% of total outstanding shares. On the other hand, Fidelity Blue Chip Growth Fund held about 3.40% of the shares, roughly 3.52 shares worth around $115.65 million.
