In the last trading session, 5.76 million shares of the Sweetgreen Inc (NYSE:SG) were traded, and its beta was 2.39. Most recently the company’s share price was $25.93, and it changed around -$3.06 or -10.56% from the last close, which brings the market valuation of the company to $3.00B. SG currently trades at a discount to its 52-week high of $45.12, offering almost -74.01% off that amount. The share price’s 52-week low was $10.93, which indicates that the current value has risen by an impressive 57.85% since then. We note from Sweetgreen Inc’s average daily trading volume that its 10-day average is 2.39 million shares, with the 3-month average coming to 2.60 million.
Sweetgreen Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.67. If we narrow it down even further, the data shows that 0 out of 12 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 4 recommended SG as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight.
Sweetgreen Inc (NYSE:SG) trade information
Instantly SG has showed a red trend with a performance of -10.56% 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 33.08 on recent trading dayincreased the stock’s daily price by 21.61%. The company’s shares are currently down -19.12% year-to-date, but still down -21.19% over the last five days. On the other hand, Sweetgreen Inc (NYSE:SG) is -21.66% down in the 30-day period. We can see from the shorts that 14.22 million shares have been sold at a short interest cover period of 5.46 day(s).
The consensus price target as assigned by Wall Street analysts is $39.5, which translates to bulls needing to increase their stock price by 34.35% from its current value. Analyst projections state that SG is forecast to be at a low of $39 and a high of $40.
Sweetgreen Inc (SG) estimates and forecasts
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 27.67% in 2025, but the outlook is positive 32.68% per year for the next five years.
Sweetgreen Inc (NYSE:SG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.61% of Sweetgreen Inc shares, and 101.53% of them are in the hands of institutional investors. The stock currently has a share float of 104.26%. Sweetgreen Inc stock is held by 375.0 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.
