Sweetgreen (SG) to Release Quarterly Earnings on Wednesday

Sweetgreen (NYSE:SG - Get Free Report) is expected to be posting its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Sweetgreen to post earnings of ($0.21) per share and revenue of $162.77 million for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Sweetgreen Stock Up 1.5 %

NYSE SG traded up $0.36 during trading hours on Thursday, hitting $23.61. 4,280,306 shares of the stock were exchanged, compared to its average volume of 2,985,717. Sweetgreen has a 12-month low of $10.93 and a 12-month high of $45.12. The company has a market cap of $2.73 billion, a price-to-earnings ratio of -30.26 and a beta of 2.37. The stock has a 50-day moving average of $31.44 and a 200 day moving average of $34.33.

Insider Transactions at Sweetgreen

In other news, CEO Jonathan Neman sold 14,745 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $45.00, for a total transaction of $663,525.00. Following the completion of the transaction, the chief executive officer now directly owns 1,930,228 shares of the company's stock, valued at approximately $86,860,260. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julie Bornstein sold 4,464 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $42.11, for a total transaction of $187,979.04. Following the transaction, the director now directly owns 32,637 shares of the company's stock, valued at $1,374,344.07. The trade was a 12.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 550,577 shares of company stock worth $21,183,936 in the last 90 days. 21.52% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. UBS Group lifted their price target on shares of Sweetgreen from $37.00 to $45.00 and gave the company a "buy" rating in a report on Friday, November 8th. Oppenheimer dropped their price target on shares of Sweetgreen from $45.00 to $41.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley dropped their price target on shares of Sweetgreen from $32.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 21st. The Goldman Sachs Group reissued a "neutral" rating and issued a $40.00 target price on shares of Sweetgreen in a research report on Friday, November 8th. Finally, KeyCorp assumed coverage on shares of Sweetgreen in a research note on Wednesday, December 11th. They issued a "sector weight" rating on the stock. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $40.60.

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.