In the latest trading session, 0.69 million Sweetgreen Inc (NYSE:SG) shares changed hands as the company’s beta touched 2.44. With the company’s most recent per share price at $21.56 changed hands at -$1.05 or -4.64% at last look, the market valuation stands at $2.49B. SG’s current price is a discount, trading about -109.28% off its 52-week high of $45.12. The share price had its 52-week low at $11.21, which suggests the last value was 48.01% up since then.
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 red as seen in intraday trades today. With action -12.39%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -32.75%, with the 5-day performance at -12.39% in the red. However, in the 30-day time frame, Sweetgreen Inc (NYSE:SG) is -28.21% down.
The consensus price target for the stock as assigned by Wall Street analysts is 36, meaning bulls need an upside of 40.11% from its recent market value. According to analyst projections, SG’s forecast low is 12 with 45 as the target high. To hit the forecast high, the stock’s price needs a -108.72% plunge from its current level, while the stock would need to tank 44.34% for it to hit the projected low.
Sweetgreen Inc (SG) estimates and forecasts
Year-over-year growth is forecast to reach 16.05% 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 161.93M. 10 analysts are of the opinion that Sweetgreen Inc’s revenue for the current quarter will be 178.02M. 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 5.82%. The estimates for the next quarter sales put growth at 12.78%.
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 27.03%, but the outlook for the next 5-year period is at 31.72% per year.
Sweetgreen Inc (NYSE:SG)’s Major holders
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 $122.91 million under it, the former controlled 5.49% of total outstanding shares. On the other hand, Fidelity Blue Chip Growth Fund held about 3.56% of the shares, roughly 3.68 shares worth around $79.64 million.
