The stock of Sweetgreen Inc (NYSE: SG) has increased by 33.37 when compared to last closing price of 26.25. Despite this, the company has experienced a 32.01% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-10 that The company successfully expanded its addressable market beyond salad lovers through new protein menu items. New store locations, particularly in the southeast, Texas, and midwest, are outperforming existing stores. The Infinite Kitchen concept has proven successful, with the Naperville location achieving $2.8 million in first-year sales and a 31.3% restaurant-level margin.
Is It Worth Investing in Sweetgreen Inc (NYSE: SG) Right Now?
Company’s 36-month beta value is 2.30.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for SG is 90.66M, and currently, short sellers hold a 12.46% ratio of that floaft. The average trading volume of SG on August 12, 2024 was 3.12M shares.
SG’s Market Performance
The stock of Sweetgreen Inc (SG) has seen a 32.01% increase in the past week, with a 41.00% rise in the past month, and a 48.60% gain in the past quarter. The volatility ratio for the week is 8.94%, and the volatility levels for the past 30 days are at 6.16% for SG. The simple moving average for the last 20 days is 36.12% for SG stock, with a simple moving average of 82.48% for the last 200 days.
Analysts’ Opinion of SG
Many brokerage firms have already submitted their reports for SG stocks, with UBS repeating the rating for SG by listing it as a “Buy.” The predicted price for SG in the upcoming period, according to UBS is $31 based on the research report published on July 17, 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 $25. The rating they have provided for SG stocks is “Equal-Weight” according to the report published on July 16th, 2024.
Goldman gave a rating of “Buy” to SG, setting the target price at $39 in the report published on June 13th of the current year.
SG Trading at 24.01% 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 -4.66% of loss for the given period.
Volatility was left at 6.16%, however, over the last 30 days, the volatility rate increased by 8.94%, as shares surge +39.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.88% upper at present.
During the last 5 trading sessions, SG rose by +32.01%, which changed the moving average for the period of 200-days by +223.57% in comparison to the 20-day moving average, which settled at $26.22. In addition, Sweetgreen Inc saw 209.82% 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 Ru Nathaniel, who sale 150,000 shares at the price of $30.50 back on Jun 05 ’24. After this action, Ru Nathaniel now owns 2,121,899 shares of Sweetgreen Inc, valued at $4,575,000 using the latest closing price.
Jammet Nicolas, the Chief Concept Officer of Sweetgreen Inc, sale 150,000 shares at $30.50 during a trade that took place back on Jun 05 ’24, which means that Jammet Nicolas is holding 2,100,000 shares at $4,575,000 based on the most recent closing price.
Stock Fundamentals for SG
Current profitability levels for the company are sitting at:
- -0.14 for the present operating margin
- 0.11 for the gross margin
The net margin for Sweetgreen Inc stands at -0.14. The total capital return value is set at -0.12. Equity return is now at value -18.95, with -10.65 for asset returns.
Based on Sweetgreen Inc (SG), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 0.66. The interest coverage ratio of the stock is -303.62.
Currently, EBITDA for the company is -44.84 million with net debt to EBITDA at -2.72. When we switch over and look at the enterprise to sales, we see a ratio of 6.22. The receivables turnover for the company is 99.93for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.72.
Conclusion
In a nutshell, Sweetgreen Inc (SG) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
