Sweetgreen (NYSE:SG) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Sweetgreen (NYSE:SG - Get Free Report) announced its earnings results on Wednesday. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.04), Zacks reports. The company had revenue of $160.90 million for the quarter, compared to analysts' expectations of $161.93 million. Sweetgreen had a negative net margin of 13.27% and a negative return on equity of 18.82%. Sweetgreen updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Sweetgreen Stock Down 2.1 %

Sweetgreen stock traded down $0.48 during mid-day trading on Friday, hitting $22.67. 4,495,011 shares of the company's stock traded hands, compared to its average volume of 3,537,631. The firm has a 50 day moving average price of $29.99 and a 200 day moving average price of $34.09. The company has a market cap of $2.62 billion, a PE ratio of -29.07 and a beta of 2.37. Sweetgreen has a one year low of $12.32 and a one year high of $45.12.

Insider Transactions at Sweetgreen

In other news, insider Nicolas Jammet sold 170,199 shares of the business's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $37.73, for a total transaction of $6,421,608.27. Following the sale, the insider now directly owns 1,760,034 shares of the company's stock, valued at $66,406,082.82. The trade was a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mitch Reback sold 10,926 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.43, for a total value of $288,774.18. Following the sale, the chief financial officer now directly owns 344,055 shares in the company, valued at $9,093,373.65. This trade represents a 3.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 516,817 shares of company stock valued at $19,677,637. Corporate insiders own 21.52% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

SG has been the subject of a number of recent analyst reports. Morgan Stanley lowered their price objective on Sweetgreen from $32.00 to $28.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 21st. Citigroup lowered 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. UBS Group lowered their price objective on Sweetgreen from $45.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday. Royal Bank of Canada restated an "outperform" rating and set a $45.00 price objective on shares of Sweetgreen in a research note on Tuesday, February 25th. Finally, KeyCorp initiated coverage on Sweetgreen in a research note on Wednesday, December 11th. They set a "sector weight" rating for the company. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $36.27.

About Sweetgreen

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.