During the last session, Sweetgreen Inc (NYSE:SG)’s traded shares were 2.65 million, with the beta value of the company hitting 2.37. At the end of the trading day, the stock’s price was $26.29, reflecting an intraday gain of 2.38% or $0.61. The 52-week high for the SG share is $45.12, that puts it down -71.62 from that peak though still a striking 28.6% gain since the share price plummeted to a 52-week low of $18.77. The company’s market capitalization is $3.08B, and the average intraday trading volume over the past 10 days was 3.1 million shares, and the average trade volume was 3.55 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 1.67. 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.
Sweetgreen Inc (NYSE:SG) trade information
Sweetgreen Inc (SG) registered a 2.38% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.38% in intraday trading to $26.29, hitting a weekly high. The stock’s 5-day price performance is 9.91%, and it has moved by 17.31% in 30 days. Based on these gigs, the overall price performance for the year is 4.78%. The short interest in Sweetgreen Inc (NYSE:SG) is 19.0 million shares and it means that shorts have 3.65 day(s) to cover.
The consensus price target of analysts on Wall Street is $36, which implies an increase of 26.97% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12 and $45 respectively. As a result, SG is trading at a discount of -71.17% off the target high and 54.36% off the low.
Sweetgreen Inc (SG) estimates and forecasts
In the rating firms’ projections, revenue will increase 13.26% 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 164.67M as predicted by 10 analyst(s). Meanwhile, a consensus of 10 analyst(s) estimates revenue growth to 207.27M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 157.85M and 184.64M respectively. In this case, analysts expect current quarter sales to grow by 4.32% and then jump by 12.26% 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 -4.72%. While earnings are projected to return 34.96% in 2025, the next five years will return 52.83% per annum.
SG Dividends
Sweetgreen Inc is due to release its next quarterly earnings on 2025-Apr-01. 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 2.49% of total outstanding shares while institutional holders control 98.20%, with the float percentage being 100.70%. BAILLIE GIFFORD & CO is the largest shareholder of the company, while 376.0 institutions own stock in it. As of 2024-06-30, the company held over 12.33 million shares (or 10.8525% 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 9.6585% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $330.64 million.
Also, the Mutual Funds coming in first place with the largest holdings of Sweetgreen Inc (SG) shares are Vanguard U.S. Growth Fund and Fidelity Blue Chip Growth Fund . Data provided on Nov 30, 2024 indicates that Vanguard U.S. Growth Fund owns about 5.67 shares. This amounts to just over 5.38 percent of the company’s overall shares, with a $149.19 million market value. The same data shows that the other fund manager holds slightly less at 4.06, or about 3.85% of the stock, which is worth about $106.65 million.
