William Blair Has Strong Estimate for Sweetgreen Q1 Earnings

Sweetgreen, Inc. (NYSE:SG - Free Report) - William Blair upped their Q1 2025 earnings per share estimates for shares of Sweetgreen in a report released on Tuesday, April 22nd. William Blair analyst S. Zackfia now expects that the company will post earnings per share of ($0.22) for the quarter, up from their previous estimate of ($0.23). The consensus estimate for Sweetgreen's current full-year earnings is ($0.74) per share. William Blair also issued estimates for Sweetgreen's FY2025 earnings at ($0.58) EPS.

SG has been the subject of a number of other reports. Oppenheimer cut their price target on Sweetgreen from $41.00 to $35.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. Morgan Stanley set a $24.00 target price on shares of Sweetgreen in a research report on Monday, April 14th. The Goldman Sachs Group reduced their target price on shares of Sweetgreen from $37.00 to $32.00 and set a "neutral" rating for the company in a report on Thursday, February 27th. Piper Sandler dropped their price target on shares of Sweetgreen from $39.00 to $27.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. Finally, Citigroup reduced their price objective on Sweetgreen from $43.00 to $39.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, Sweetgreen has an average rating of "Moderate Buy" and a consensus price target of $35.91.

Sweetgreen Price Performance

Shares of SG traded up $0.14 during trading hours on Friday, hitting $19.26. The stock had a trading volume of 5,286,485 shares, compared to its average volume of 3,348,844. The firm has a market capitalization of $2.26 billion, a PE ratio of -24.69 and a beta of 2.28. Sweetgreen has a 12 month low of $16.29 and a 12 month high of $45.12. The stock has a fifty day moving average price of $22.51 and a 200 day moving average price of $30.68.

Insider Buying and Selling

In other news, CEO Jonathan Neman sold 5,717 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $23.80, for a total transaction of $136,064.60. Following the completion of the sale, the chief executive officer now directly owns 1,810,263 shares of the company's stock, valued at approximately $43,084,259.40. The trade was a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mitch Reback sold 4,000 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $21.07, for a total transaction of $84,280.00. Following the completion of the transaction, the chief financial officer now directly owns 344,509 shares in the company, valued at $7,258,804.63. This represents a 1.15 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,852 shares of company stock valued at $871,417. Company insiders own 21.52% of the company's stock.

Hedge Funds Weigh In On Sweetgreen

Hedge funds have recently added to or reduced their stakes in the stock. Cox Capital Mgt LLC increased its stake in shares of Sweetgreen by 76.0% during the fourth quarter. Cox Capital Mgt LLC now owns 53,898 shares of the company's stock valued at $1,728,000 after buying an additional 23,278 shares during the period. Moody National Bank Trust Division purchased a new position in Sweetgreen during the 4th quarter valued at about $1,182,000. Diversified Trust Co raised its holdings in shares of Sweetgreen by 223.2% in the 4th quarter. Diversified Trust Co now owns 27,126 shares of the company's stock valued at $870,000 after purchasing an additional 18,733 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Sweetgreen by 1,399.0% in the 3rd quarter. Franklin Resources Inc. now owns 111,074 shares of the company's stock worth $4,365,000 after purchasing an additional 103,664 shares during the period. Finally, LPL Financial LLC increased its holdings in Sweetgreen by 400.1% during the fourth quarter. LPL Financial LLC now owns 59,592 shares of the company's stock valued at $1,911,000 after buying an additional 47,676 shares during the period. 95.75% of the stock is currently owned by institutional investors.

Sweetgreen Company Profile

Sweetgreen, Inc, together with its subsidiaries, operates fast food restaurants serving healthy foods at scale in the United States. The company also accepts orders through its online and mobile ordering platforms, as well as sells gift cards that do not have an expiration date and can be redeemed. The company was founded in 2006 and is headquartered in Los Angeles, California.