Sweetgreen Inc (SG) Stock: A Closer Look at the Analyst Ratings

Additionally, the 36-month beta value for SG is 2.22. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

The public float for SG is 96.31M and currently, short sellers hold a 12.46% ratio of that float. The average trading volume of SG on April 03, 2024 was 2.29M shares.

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SG) stock’s latest price update

Sweetgreen Inc (NYSE: SG) has seen a decline in its stock price by -4.97 in relation to its previous close of 25.36. However, the company has experienced a -5.86% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-29 that Sweetgreen’s growth strategies, including Sweetpass and menu innovations, have gained positive traction and are expected to drive further growth. The launch of Sweetpass has provided SG with direct access to consumers’ phones, allowing for targeted marketing and data collection. Menu innovation, such as the introduction of Protein Plates, has helped SG capture a larger share of consumers’ daypart meal budget and diversify its revenue stream.

SG’s Market Performance

Sweetgreen Inc (SG) has seen a -5.86% fall in stock performance for the week, with a 47.31% gain in the past month and a 113.27% surge in the past quarter. The volatility ratio for the week is 4.85%, and the volatility levels for the past 30 days are at 5.39% for SG. The simple moving average for the last 20 days is 9.19% for SG stock, with a simple moving average of 86.11% for the last 200 days.

Analysts’ Opinion of SG

Many brokerage firms have already submitted their reports for SG stocks, with Oppenheimer repeating the rating for SG by listing it as a “Outperform.” The predicted price for SG in the upcoming period, according to Oppenheimer is $34 based on the research report published on April 01, 2024 of the current year 2024.

Morgan Stanley, on the other hand, stated in their research note that they expect to see SG reach a price target of $10, previously predicting the price at $14. The rating they have provided for SG stocks is “Underweight” according to the report published on January 16th, 2024.

Piper Sandler gave a rating of “Overweight” to SG, setting the target price at $19 in the report published on July 31st of the previous year.

SG Trading at 53.10% from the 50-Day Moving Average

After a stumble in the market that brought SG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.88% of loss for the given period.

Volatility was left at 5.39%, however, over the last 30 days, the volatility rate increased by 4.85%, as shares surge +31.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +126.93% upper at present.

During the last 5 trading sessions, SG fell by -5.86%, which changed the moving average for the period of 200-days by +121.30% in comparison to the 20-day moving average, which settled at $22.36. In addition, Sweetgreen Inc saw 113.27% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SG starting from Reback Mitch, who sale 29,475 shares at the price of $21.01 back on Mar 12 ’24. After this action, Reback Mitch now owns 405,584 shares of Sweetgreen Inc, valued at $619,270 using the latest closing price.

Neman Jonathan, the CHIEF EXECUTIVE OFFICER of Sweetgreen Inc, sale 58,067 shares at $16.36 during a trade that took place back on Mar 01 ’24, which means that Neman Jonathan is holding 0 shares at $950,120 based on the most recent closing price.

Stock Fundamentals for SG

Current profitability levels for the company are sitting at:

  • -0.2 for the present operating margin
  • 0.15 for the gross margin

The net margin for Sweetgreen Inc stands at -0.19. The total capital return value is set at -0.15. Equity return is now at value -22.15, with -12.12 for asset returns.

Based on Sweetgreen Inc (SG), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is -930.63.

Currently, EBITDA for the company is -44.84 million with net debt to EBITDA at -1.02. When we switch over and look at the enterprise to sales, we see a ratio of 4.74. The receivables turnover for the company is 166.77for trailing twelve months and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.01.

Conclusion

In conclusion, Sweetgreen Inc (SG) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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