Market Insight: Sweetgreen Inc (SG)’s Notable Drop, Closing at 34.47

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In the latest session, Sweetgreen Inc (NYSE: SG) closed at $34.47 down -1.46% from its previous closing price of $34.98. In other words, the price has decreased by -$1.46 from its previous closing price. On the day, 2.44 million shares were traded. SG stock price reached its highest trading level at $35.5 during the session, while it also had its lowest trading level at $33.65.


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 3.00 and its Current Ratio is at 3.02. In the meantime, Its Debt-to-Equity ratio is 0.65 whereas as Long-Term Debt/Eq ratio is at 0.58.

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 Jun 05 ’24 when Ru Nathaniel sold 150,000 shares for $30.50 per share. The transaction valued at 4,575,000 led to the insider holds 2,121,899 shares of the business.

Jammet Nicolas sold 150,000 shares of SG for $4,575,000 on Jun 05 ’24. The Chief Concept Officer now owns 2,100,000 shares after completing the transaction at $30.50 per share. On Jun 05 ’24, another insider, Neman Jonathan, who serves as the CHIEF EXECUTIVE OFFICER of the company, sold 150,000 shares for $30.50 each. As a result, the insider received 4,575,000 and left with 2,100,000 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 3963636480 and an Enterprise Value of 3966479104. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.33 while its Price-to-Book (P/B) ratio in mrq is 8.30. Its current Enterprise Value per Revenue stands at 6.43 whereas that against EBITDA is -66.6.

Stock Price History:

Over the past 52 weeks, SG has reached a high of $36.00, while it has fallen to a 52-week low of $8.64. The 50-Day Moving Average of the stock is 32.11%, while the 200-Day Moving Average is calculated to be 118.25%.

Shares Statistics:

For the past three months, SG has traded an average of 2.87M shares per day and 2744250 over the past ten days. A total of 99.70M shares are outstanding, with a floating share count of 90.56M. Insiders hold about 20.08% of the company’s shares, while institutions hold 78.57% stake in the company. Shares short for SG as of 1715731200 were 12378669 with a Short Ratio of 4.31, compared to 1713139200 on 11167704. Therefore, it implies a Short% of Shares Outstanding of 12378669 and a Short% of Float of 17.16.

Earnings Estimates

Current recommendations for the stock of the company come from 9.0 analysts. On average, analysts expect EPS of -$0.1 for the current quarter, with a high estimate of $0.02 and a low estimate of -$0.16, while EPS last year was -$0.19. The consensus estimate for the next quarter is -$0.14, with high estimates of -$0.04 and low estimates of -$0.19.

Analysts are recommending an EPS of between -$0.71 and -$0.83 for the fiscal current year, implying an average EPS of -$0.75. EPS for the following year is -$0.49, with 9.0 analysts recommending between -$0.16 and -$0.84.

Revenue Estimates

A total of 8 analysts believe the company’s revenue will be $180.6M this quarter.It ranges from a high estimate of $183.94M to a low estimate of $178M. As of the current estimate, Sweetgreen Inc’s year-ago sales were $156.7MFor the next quarter, 8 analysts are estimating revenue of $173.6M. There is a high estimate of $176.1M for the next quarter, whereas the lowest estimate is $169.1M.

A total of 9 analysts have provided revenue estimates for SG’s current fiscal year. The highest revenue estimate was $678.1M, while the lowest revenue estimate was $666M, resulting in an average revenue estimate of $673.05M. In the same quarter a year ago, actual revenue was $584.04MBased on 9 analysts’ estimates, the company’s revenue will be $780.68M in the next fiscal year. The high estimate is $787.58M and the low estimate is $763M.

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