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In the latest session, Sweetgreen Inc (NYSE: SG) closed at $20.32 down -1.60% from its previous closing price of $20.65. In other words, the price has decreased by $-1.60 from its previous closing price. On the day, 1.99 million shares were traded. SG stock price reached its highest trading level at $20.97 during the session, while it also had its lowest trading level at $20.13.
Ratios:
For a deeper understanding of Sweetgreen Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SG now has a Market Capitalization of 2300711680 and an Enterprise Value of 2341384192. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.93 while its Price-to-Book (P/B) ratio in mrq is 4.74. Its current Enterprise Value per Revenue stands at 4.009 whereas that against EBITDA is -36.795.
Stock Price History:
The Beta on a monthly basis for SG is 2.26, which has changed by 1.6596859 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. 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. The 50-Day Moving Average of the stock is 6.27%, while the 200-Day Moving Average is calculated to be 47.94%.
Shares Statistics:
For the past three months, SG has traded an average of 2.33M shares per day and 1776070 over the past ten days. 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 77.41% stake in the company. Shares short for SG as of 1711584000 were 10461427 with a Short Ratio of 4.49, compared to 1709164800 on 13910999. Therefore, it implies a Short% of Shares Outstanding of 10461427 and a Short% of Float of 12.629999999999999.
Earnings Estimates
Currently, 6 analysts are dedicated to thoroughly evaluating and rating the performance of Sweetgreen Inc (SG) in the stock market.On average, analysts expect EPS of $-0.17 for the current quarter, with a high estimate of $-0.12 and a low estimate of $-0.24, while EPS last year was $-0.29. The consensus estimate for the next quarter is $-0.06, with high estimates of $0.01 and low estimates of $-0.13.
Analysts are recommending an EPS of between $-0.29 and $-0.81 for the fiscal current year, implying an average EPS of $-0.5. EPS for the following year is $-0.37, with 6 analysts recommending between $-0.18 and $-0.55.
Revenue Estimates
A total of 8 analysts believe the company’s revenue will be $151.57M this quarter.It ranges from a high estimate of $153M to a low estimate of $150M. As of the current estimate, Sweetgreen Inc’s year-ago sales were $125.06M, an estimated increase of 21.20% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $178.86M, an increase of 14.10% less than the figure of $21.20% in the same quarter last year. There is a high estimate of $182.18M for the next quarter, whereas the lowest estimate is $177M.
A total of 9 analysts have provided revenue estimates for SG’s current fiscal year. The highest revenue estimate was $671.02M, while the lowest revenue estimate was $662.4M, resulting in an average revenue estimate of $666.06M. In the same quarter a year ago, actual revenue was $584.04M, up 14.00% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $771.63M in the next fiscal year. The high estimate is $781.07M and the low estimate is $753M. The average revenue growth estimate for next year is up 15.80% from the average revenue estimate for this year.
