UBS Group Has Lowered Expectations for Sweetgreen (NYSE:SG) Stock Price

Sweetgreen (NYSE:SG) had its target price cut by analysts at UBS Group from $13.00 to $12.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target points to a potential upside of 87.65% from the stock’s current price.

SG has been the subject of a number of other research reports. Sanford C. Bernstein set a $8.00 target price on Sweetgreen in a research report on Wednesday, October 22nd. Morgan Stanley set a $10.00 target price on Sweetgreen in a research report on Tuesday, October 21st. Piper Sandler decreased their target price on Sweetgreen from $20.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, August 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Sweetgreen in a research note on Wednesday, October 8th. Finally, Barclays cut their price target on Sweetgreen from $10.00 to $8.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 22nd. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Sweetgreen has an average rating of “Hold” and a consensus target price of $14.96.

Sweetgreen Trading Up 1.7%

NYSE:SG traded up $0.11 during mid-day trading on Monday, reaching $6.40. The company’s stock had a trading volume of 6,100,523 shares, compared to its average volume of 5,005,422. Sweetgreen has a 12-month low of $6.19 and a 12-month high of $45.12. The firm’s fifty day moving average price is $8.13 and its two-hundred day moving average price is $11.95. The stock has a market cap of $755.95 million, a P/E ratio of -7.61 and a beta of 1.94.

Sweetgreen (NYSE:SG) last issued its earnings results on Thursday, August 7th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.08). Sweetgreen had a negative return on equity of 22.21% and a negative net margin of 14.29%.The business had revenue of $185.58 million during the quarter, compared to analysts’ expectations of $193.47 million. During the same period last year, the firm posted ($0.13) EPS. Sweetgreen’s quarterly revenue was up .5% compared to the same quarter last year. Sweetgreen has set its FY 2025 guidance at EPS. Analysts predict that Sweetgreen will post -0.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Mitch Reback sold 11,530 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $9.19, for a total value of $105,960.70. Following the transaction, the chief financial officer directly owned 322,891 shares of the company’s stock, valued at approximately $2,967,368.29. The trade was a 3.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 19.78% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Baillie Gifford & Co. lifted its holdings in Sweetgreen by 3.4% in the 1st quarter. Baillie Gifford & Co. now owns 11,707,090 shares of the company’s stock worth $292,911,000 after purchasing an additional 386,141 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Sweetgreen by 30.0% in the 1st quarter. Wellington Management Group LLP now owns 5,762,598 shares of the company’s stock worth $144,180,000 after purchasing an additional 1,330,094 shares in the last quarter. Durable Capital Partners LP lifted its holdings in Sweetgreen by 29.5% in the 1st quarter. Durable Capital Partners LP now owns 4,525,109 shares of the company’s stock worth $113,218,000 after purchasing an additional 1,030,176 shares in the last quarter. Spyglass Capital Management LLC lifted its holdings in Sweetgreen by 15.2% in the 2nd quarter. Spyglass Capital Management LLC now owns 3,899,813 shares of the company’s stock worth $58,029,000 after purchasing an additional 513,643 shares in the last quarter. Finally, Stephens Investment Management Group LLC lifted its holdings in Sweetgreen by 89.5% in the 2nd quarter. Stephens Investment Management Group LLC now owns 2,567,526 shares of the company’s stock worth $38,205,000 after purchasing an additional 1,212,708 shares in the last quarter. 95.75% of the stock is owned by hedge funds and other institutional investors.

About Sweetgreen

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.