William Blair Comments on Sweetgreen's Q1 Earnings (NYSE:SG)

Sweetgreen, Inc. (NYSE:SG - Free Report) - William Blair cut their Q1 2025 earnings per share (EPS) estimates for Sweetgreen in a report issued on Thursday, February 27th. William Blair analyst S. Zackfia now forecasts that the company will post earnings of ($0.23) per share for the quarter, down from their prior estimate of ($0.17). The consensus estimate for Sweetgreen's current full-year earnings is ($0.74) per share. William Blair also issued estimates for Sweetgreen's Q3 2025 earnings at ($0.12) EPS, Q4 2025 earnings at ($0.15) EPS, FY2025 earnings at ($0.59) EPS and FY2026 earnings at ($0.58) EPS.

Other equities analysts have also issued reports about the company. Oppenheimer dropped their price objective on Sweetgreen from $41.00 to $35.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. UBS Group lowered their price target on Sweetgreen from $45.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Citigroup lowered their price target on Sweetgreen from $43.00 to $39.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. KeyCorp assumed coverage on Sweetgreen in a research note on Wednesday, December 11th. They set a "sector weight" rating on the stock. Finally, TD Cowen restated a "buy" rating and set a $45.00 price target on shares of Sweetgreen in a research note on Monday, November 18th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.27.

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Sweetgreen Stock Performance

Shares of Sweetgreen stock traded up $0.50 during trading on Monday, reaching $23.51. The company's stock had a trading volume of 6,776,530 shares, compared to its average volume of 3,708,101. The business's fifty day moving average price is $29.12 and its 200-day moving average price is $33.72. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of -30.14 and a beta of 2.37. Sweetgreen has a one year low of $18.44 and a one year high of $45.12.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC boosted its holdings in shares of Sweetgreen by 3.4% in the 4th quarter. FMR LLC now owns 10,103,969 shares of the company's stock worth $323,933,000 after acquiring an additional 329,789 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Sweetgreen by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 9,544,885 shares of the company's stock worth $306,009,000 after acquiring an additional 351,240 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Sweetgreen by 40.9% in the 4th quarter. Invesco Ltd. now owns 5,516,223 shares of the company's stock worth $176,850,000 after acquiring an additional 1,601,666 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Sweetgreen by 30.1% in the 4th quarter. Wellington Management Group LLP now owns 4,432,504 shares of the company's stock worth $142,106,000 after acquiring an additional 1,025,341 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its holdings in shares of Sweetgreen by 13.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 2,313,996 shares of the company's stock worth $82,032,000 after acquiring an additional 272,340 shares in the last quarter. 95.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Sweetgreen

In other Sweetgreen news, insider Nicolas Jammet sold 170,199 shares of Sweetgreen stock in a transaction that occurred 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 approximately $66,406,082.82. The trade was a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nathaniel Ru sold 53,718 shares of Sweetgreen stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $38.70, for a total value of $2,078,886.60. Following the sale, the insider now directly owns 1,952,129 shares in the company, valued at $75,547,392.30. The trade was a 2.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 365,971 shares of company stock valued at $13,747,290. 21.52% of the stock is currently owned by corporate insiders.

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.