Sweetgreen (SG) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $35.15 to $38.13
• 50-Day Range: $27.89 to $39.30
• 52-Week Range: $8.64 to $40.20
• Volume: 2.48 million shs
• Average Volume: 2.82 million shs
• Market Capitalization: $4.12 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $38.20
• Consensus Rating: Moderate Buy

Sweetgreen Stock Analysis - MarketRank™

Sweetgreen scored higher than 52% of companies evaluated by MarketBeat, and ranked 135th out of 207 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Sweetgreen has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 8 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Sweetgreen has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Sweetgreen are expected to grow in the coming year, from ($0.75) to ($0.52) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Sweetgreen is -44.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Sweetgreen is -44.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Sweetgreen has a P/B Ratio of 8.43. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

18.12% of the float of Sweetgreen has been sold short.

Short Interest Ratio / Days to Cover

Sweetgreen has a short interest ratio ("days to cover") of 5.

Change versus previous month

Short interest in Sweetgreen has recently decreased by 5.83%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Sweetgreen does not currently pay a dividend.

Dividend Growth

Sweetgreen does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

18.12% of the float of Sweetgreen has been sold short.

Short Interest Ratio / Days to Cover

Sweetgreen has a short interest ratio ("days to cover") of 5.

Change versus previous month

Short interest in Sweetgreen has recently decreased by 5.83%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 0.15

News Sentiment

Sweetgreen has a news sentiment score of 0.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 14 news articles for Sweetgreen this week, compared to 7 articles on an average week.

Search Interest

16 people have searched for SG on MarketBeat in the last 30 days. This is an increase of 7% compared to the previous 30 days.

MarketBeat Follows

11 people have added Sweetgreen to their MarketBeat watchlist in the last 30 days. This is an increase of 120% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Sweetgreen insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $15,162,663.00 in company stock.

Percentage Held by Insiders

21.52% of the stock of Sweetgreen is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

95.75% of the stock of Sweetgreen is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SG Stock Analysis - Frequently Asked Questions

How have SG shares performed this year?

Sweetgreen's stock was trading at $11.30 at the start of the year. Since then, SG shares have increased by 219.4% and is now trading at $36.09.
View the best growth stocks for 2024 here.

How were Sweetgreen's earnings last quarter?

Sweetgreen, Inc. (NYSE:SG) announced its quarterly earnings data on Thursday, August, 8th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.11) by $0.02. Sweetgreen's quarterly revenue was up 21.0% on a year-over-year basis.

When did Sweetgreen IPO?

Sweetgreen (SG) raised $312 million in an initial public offering (IPO) on Thursday, November 18th 2021. The company issued 13,000,000 shares at a price of $23.00-$25.00 per share.

Who are Sweetgreen's major shareholders?

Top institutional shareholders of Sweetgreen include Allspring Global Investments Holdings LLC (1.10%), Stephens Investment Management Group LLC (0.82%), Principal Financial Group Inc. (0.13%) and Harbor Capital Advisors Inc. (0.13%). Insiders that own company stock include Nathaniel Ru, Nicolas Jammet, Jonathan Neman, Mitch Reback, Daniel Shlossman, Bradley E Singer, Chris Carr, Wouleta Ayele, James Mcphail and Adrienne Gemperle.
View institutional ownership trends.

How do I buy shares of Sweetgreen?

Shares of SG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Sweetgreen own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Sweetgreen investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), The RMR Group (RMR), AUO (AUOTY) and DiamondRock Hospitality (DRH).

Company Calendar

• Last Earnings: 8/08/2024
• Today: 10/31/2024
• Next Earnings (Confirmed): 11/07/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Retail/Wholesale
• Industry: Eating places
• Sub-Industry: Restaurants, Hotels, Motels
• Current Symbol: NYSE:SG
• CUSIP: N/A
• CIK: 1477815
• Web: www.sweetgreen.com
• Phone: 323-990-7040
• Fax: N/A
• Employees: 6,186
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $38.20
• High Stock Price Target: $45.00
• Low Stock Price Target: $27.00
• Potential Upside/Downside: +5.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.73
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.82)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-113,380,000.00
• Net Margins: -14.33%
• Pretax Margin: -14.34%
• Return on Equity: -19.34%
• Return on Assets: -10.82%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.72
• Quick Ratio: 2.70

Sales & Book Value

• Annual Sales: $648.95 million
• Price / Sales: 6.35
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $4.28 per share
• Price / Book: 8.43

Miscellaneous

• Outstanding Shares: 114,143,000
• Free Float: 89,579,000
• Market Cap: $4.12 billion
• Optionable: Optionable
• Beta: 2.33