The price of Sweetgreen Inc (NYSE: SG) closed at $11.23 in the last session, down -1.92% from day before closing price of $11.45. In other words, the price has decreased by -$0.22 from its previous closing price. On the day, 1944280 shares were traded.
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Ratios:
We take a closer look at SG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.64 and its Current Ratio is at 3.68. In the meantime, Its Debt-to-Equity ratio is 0.60 whereas as Long-Term Debt/Eq ratio is at 0.54.
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 the company, Morgan Stanley on January 16, 2024, Downgraded its rating to Underweight and sets its target price to $10 from $14 previously.
On July 31, 2023, Piper Sandler Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $13 to $19.
BofA Securities Upgraded its Neutral to Buy on July 06, 2023, whereas the target price for the stock was revised from $9 to $17.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 22 when Gemperle Adrienne sold 12,442 shares for $11.33 per share. The transaction valued at 140,968 led to the insider holds 127,251 shares of the business.
Neman Jonathan sold 5,000 shares of SG for $57,750 on Feb 20. The CHIEF EXECUTIVE OFFICER now owns 0 shares after completing the transaction at $11.55 per share. On Feb 16, another insider, Reback Mitch, who serves as the CHIEF FINANCIAL OFFICER of the company, sold 6,553 shares for $12.32 each. As a result, the insider received 80,733 and left with 449,503 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 1.26B and an Enterprise Value of 1.29B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.30 while its Price-to-Book (P/B) ratio in mrq is 2.52. Its current Enterprise Value per Revenue stands at 2.35 whereas that against EBITDA is -16.76.
Stock Price History:
Over the past 52 weeks, SG has reached a high of $16.58, while it has fallen to a 52-week low of $6.10. The 50-Day Moving Average of the stock is 11.05, while the 200-Day Moving Average is calculated to be 11.64.
Shares Statistics:
According to the various share statistics, SG traded on average about 1.54M shares per day over the past 3-months and 2.1M shares per day over the past 10 days. A total of 97.66M shares are outstanding, with a floating share count of 95.55M. Insiders hold about 15.01% of the company’s shares, while institutions hold 77.31% stake in the company. Shares short for SG as of Jan 31, 2024 were 14.05M with a Short Ratio of 9.11, compared to 13.18M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 12.50% and a Short% of Float of 17.10%.
Earnings Estimates
The company has 7 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.22 for the current quarter, with a high estimate of -$0.13 and a low estimate of -$0.32, while EPS last year was -$0.44. The consensus estimate for the next quarter is -$0.2, with high estimates of -$0.16 and low estimates of -$0.26.
Analysts are recommending an EPS of between -$0.47 and -$0.96 for the fiscal current year, implying an average EPS of -$0.68. EPS for the following year is -$0.58, with 7 analysts recommending between -$0.36 and -$0.83.
Revenue Estimates
According to 8 analysts, the current quarter’s revenue is expected to be $152.13M. It ranges from a high estimate of $156.12M to a low estimate of $148.2M. As of the current estimate, Sweetgreen Inc’s year-ago sales were $118.57M, an estimated increase of 28.30% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $147.35M, an increase of 17.80% less than the figure of $28.30% in the same quarter last year. There is a high estimate of $151.19M for the next quarter, whereas the lowest estimate is $142M.
A total of 9 analysts have provided revenue estimates for SG’s current fiscal year. The highest revenue estimate was $587.13M, while the lowest revenue estimate was $579.2M, resulting in an average revenue estimate of $582.78M. In the same quarter a year ago, actual revenue was $470.11M, up 24.00% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $661.28M in the next fiscal year. The high estimate is $681.5M and the low estimate is $645.44M. The average revenue growth estimate for next year is up 13.50% from the average revenue estimate for this year.
