Sweetgreen Inc (NYSE: SG) closed the day trading at $21.08 down -7.26% from the previous closing price of $22.73. On the day, 1714686 shares were traded.
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Ratios:
For a better understanding of SG, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.99 and its Current Ratio is at 3.01. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.56.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Oppenheimer on April 01, 2024, Reiterated its Outperform rating but revised its target price to $34 from $17 previously.
On January 16, 2024, Morgan Stanley Downgraded its rating to Underweight which previously was Equal-Weight and also lowered its target price recommendation from $14 to $10.
Piper Sandler Upgraded its Neutral to Overweight on July 31, 2023, whereas the target price for the stock was revised from $13 to $19.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 12 ’24 when Reback Mitch sold 29,475 shares for $21.01 per share. The transaction valued at 619,270 led to the insider holds 405,584 shares of the business.
Neman Jonathan sold 58,067 shares of SG for $950,120 on Mar 01 ’24. The CHIEF EXECUTIVE OFFICER now owns 0 shares after completing the transaction at $16.36 per share. On Mar 01 ’24, another insider, Gemperle Adrienne, who serves as the CHIEF PEOPLE OFFICER of the company, sold 4,000 shares for $16.00 each. As a result, the insider received 64,000 and left with 129,407 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 4.08 while its Price-to-Book (P/B) ratio in mrq is 4.92.
Stock Price History:
Over the past 52 weeks, SG has reached a high of $26.45, while it has fallen to a 52-week low of $7.25.
Shares Statistics:
A total of 99.70M shares are outstanding, with a floating share count of 96.33M. Insiders hold about 14.74% of the company’s shares, while institutions hold 76.86% stake in the company.
Earnings Estimates
Current recommendations for the stock of the company come from SGD/JPY analysts. The consensus estimate for the next quarter is $3.51, with high estimates of $11,832.16 and low estimates of $0.73.
EPS for the following year is $Currency, with Currency analysts recommending between $Currency and $Currency.
