Currently, there are 103.36M common shares owned by the public and among those 95.28M shares have been available to trade.
The company’s stock has a 5-day price change of -21.19% and -38.55% over the past three months. SG shares are trading -19.12% year to date (YTD), with the 12-month market performance up to 118.27% higher. It has a 12-month low price of $10.93 and touched a high of $45.12 over the same period. SG has an average intraday trading volume of 2.60 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -17.41%, -23.57%, and -20.25% respectively.
Institutional ownership of Sweetgreen Inc (NYSE: SG) shares accounts for 88.44% of the company’s 103.36M shares outstanding.
It has a market capitalization of $3.00B and a beta (3y monthly) value of 2.39. The earnings-per-share (ttm) stands at -$0.78. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.04% over the week and 6.10% over the month.
Analysts forecast that Sweetgreen Inc (SG) will achieve an EPS of -0.18 for the current quarter, -0.15 for the next quarter and -0.41 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.25 while analysts give the company a high EPS estimate of -0.25. Comparatively, EPS for the current quarter was -0.13 a year ago. Earnings per share for the fiscal year are expected to increase by 27.67%, and 41.00% over the next financial year. EPS should grow at an annualized rate of 32.68% over the next five years, compared to -12.71% over the past 5-year period.
Looking at the support for the SG, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on January 10, 2025, with the firm’s price target at $44-$49. Goldman was of a view on November 08, 2024 that the stock is Neutral, while TD Cowen gave the stock Buy rating on September 04, 2024, issuing a price target of $31- $43. Piper Sandler on their part issued Neutral rating on August 19, 2024.
