Views of Wall Street’s Leading Experts on Sweetgreen Inc

With 1.45 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.97 shares. During the session, the Restaurants company that operates in wider Consumer Cyclical sector, reached to the highest price of $12.27 whereas the lowest price it dropped to was $11.86. The 52-week range on SG shows that it touched its highest point at $16.58 and its lowest point at $6.10 during that stretch. It currently has a 1-year price target of $13.38. Beta for the stock currently stands at 1.88.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SG was up-trending over the past week, with a rise of 8.14%, but this was up by 13.41% over a month. Three-month performance surged to 27.13% while six-month performance fell -9.10%. The stock gained 16.59% in the past year, while it has gained 6.99% so far this year. A look at the trailing 12-month EPS for SG yields -1.26 with Next year EPS estimates of -0.64. For the next quarter, that number is -0.23. This implies an EPS growth rate of 40.64% for this year and 38.08% for next year.

Float and Shares Shorts:

At present, 97.66 million SG shares are outstanding with a float of 91.48 million shares on hand for trading. On Jan 31, 2024, short shares totaled 14.05 million, which was 12.50% higher than short shares on Dec 29, 2023. In addition to Mr. Jonathan Neman as the firm’s Co-Founder, Chairman, President & CEO, Mr. Nicolas H. Jammet serves as its Co-Founder, Secretary, Chief Concept Officer & Director.

Institutional Ownership:

Through their ownership of 83.47% of SG’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SG analysts setting a high price target of $16.00 and a low target of $10.00, the average target price over the next 12 months is $13.38. Based on these targets, SG could surge 32.34% to reach the target high and fall by -17.29% to reach the target low. Reaching the average price target will result in a growth of 10.67% from current levels.

Summary of Insider Activity:

Insiders traded SG stock several times over the past three months with 0 Buys and 4 Sells. In these transactions, 0 shares were bought while 18,259 shares were sold. The number of buy transactions has increased to 24 while that of sell transactions has risen to 37 over the past year. The total number of shares bought during that period was 834,846 while 826,305 shares were sold.