After finishing at $22.08 in the prior trading day, Sweetgreen Inc (NYSE: SG) closed at $22.95, up 3.94%. In other words, the price has increased by $+0.87 from its previous closing price. On the day, 2459576 shares were traded.
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Ratios:
Our goal is to gain a better understanding of SG by taking a closer 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 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:
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:
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 2.49B and an Enterprise Value of 2.54B. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.43 while its Price-to-Book (P/B) ratio in mrq is 5.36. Its current Enterprise Value per Revenue stands at 4.35 whereas that against EBITDA is -47.58.
Stock Price History:
Over the past 52 weeks, SG has reached a high of $22.78, while it has fallen to a 52-week low of $6.10. The 50-Day Moving Average of the stock is 13.42, while the 200-Day Moving Average is calculated to be 12.37.
Shares Statistics:
The stock has traded on average 2.15M shares per day over the past 3-months and 2.95M shares per day over the last 10 days, according to various share statistics. A total of 99.70M shares are outstanding, with a floating share count of 95.97M. Insiders hold about 14.80% of the company’s shares, while institutions hold 77.15% stake in the company. Shares short for SG as of Feb 29, 2024 were 13.91M with a Short Ratio of 6.47, compared to 14.05M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 12.31% and a Short% of Float of 16.79%.
Earnings Estimates
Its stock is currently analyzed by 7 different market analysts. 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 -$0.07, 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 -$0.53. EPS for the following year is -$0.4, with 7 analysts recommending between -$0.18 and -$0.6.
Revenue Estimates
8 analysts predict $151.02M in revenue for the current quarter. It ranges from a high estimate of $152.4M to a low estimate of $150M. As of the current estimate, Sweetgreen Inc’s year-ago sales were $125.06M, an estimated increase of 20.80% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $178.41M, an increase of 13.90% less than the figure of $20.80% in the same quarter last year. There is a high estimate of $182.18M for the next quarter, whereas the lowest estimate is $175.4M.
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 $658M, resulting in an average revenue estimate of $664.17M. In the same quarter a year ago, actual revenue was $584.04M, up 13.70% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $768.96M in the next fiscal year. The high estimate is $781.07M and the low estimate is $743M. The average revenue growth estimate for next year is up 15.80% from the average revenue estimate for this year.
