Sweetgreen (SG) Expected to Announce Quarterly Earnings on Thursday

Sweetgreen (NYSE:SG) is projected to announce its Q1 2025 earnings results after the market closes on Thursday, May 8th. Analysts expect Sweetgreen to post earnings of ($0.22) per share and revenue of $164.68 million for the quarter.

Sweetgreen Trading Down 6.2 %

Shares of NYSE:SG opened at $19.54 on Tuesday. Sweetgreen has a 52 week low of $16.29 and a 52 week high of $45.12. The company’s 50 day moving average is $22.13 and its two-hundred day moving average is $29.94. The company has a market cap of $2.29 billion, a PE ratio of -25.05 and a beta of 2.31.

Insider Buying and Selling

In other Sweetgreen news, COO Rossann Williams sold 4,977 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.80, for a total value of $118,452.60. Following the sale, the chief operating officer now owns 95,516 shares of the company’s stock, valued at $2,273,280.80. This represents a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mitch Reback sold 10,926 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $26.43, for a total transaction of $288,774.18. Following the transaction, the chief financial officer now directly owns 344,055 shares of the company’s stock, valued at approximately $9,093,373.65. This trade represents a 3.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,852 shares of company stock valued at $871,417. Corporate insiders own 21.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SG shares. UBS Group cut their target price on Sweetgreen from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday. Oppenheimer decreased their target price on shares of Sweetgreen from $41.00 to $35.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group dropped their price objective on shares of Sweetgreen from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Royal Bank of Canada restated an “outperform” rating and set a $45.00 price objective on shares of Sweetgreen in a research report on Tuesday, February 25th. Finally, Morgan Stanley set a $24.00 target price on shares of Sweetgreen in a report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.45.

Sweetgreen Company Profile

Sweetgreen, Inc, together with its subsidiaries, operates fast food restaurants serving healthy foods at scale in the United States. The company also accepts orders through its online and mobile ordering platforms, as well as sells gift cards that do not have an expiration date and can be redeemed. The company was founded in 2006 and is headquartered in Los Angeles, California.