Sweetgreen (SG) Expected to Announce Earnings on Wednesday

Sweetgreen (NYSE:SG) is anticipated to release its earnings data after the market closes on Wednesday, February 26th. Analysts expect Sweetgreen to post earnings of ($0.21) per share and revenue of $162.70 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Sweetgreen Trading Up 4.3 %

Shares of Sweetgreen stock opened at $22.78 on Tuesday. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of -29.20 and a beta of 2.37. Sweetgreen has a 1-year low of $11.21 and a 1-year high of $45.12. The firm’s 50-day moving average price is $30.94 and its two-hundred day moving average price is $34.41.

Analyst Ratings Changes

Several brokerages have weighed in on SG. UBS Group upped their price objective on shares of Sweetgreen from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Citigroup decreased their price objective on shares of Sweetgreen from $49.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Sweetgreen in a research note on Friday, November 8th. Morgan Stanley decreased their price target on shares of Sweetgreen from $32.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Finally, TD Cowen reissued a “buy” rating and set a $45.00 price target on shares of Sweetgreen in a research note on Monday, November 18th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Sweetgreen currently has a consensus rating of “Moderate Buy” and an average target price of $40.60.

Insider Activity at Sweetgreen

In related news, CEO Jonathan Neman sold 41,805 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $38.61, for a total value of $1,614,091.05. Following the transaction, the chief executive officer now directly owns 1,930,228 shares in the company, valued at $74,526,103.08. This represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mitch Reback sold 72,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $37.77, for a total transaction of $2,719,440.00. Following the completion of the transaction, the chief financial officer now owns 43,901 shares in the company, valued at $1,658,140.77. This represents a 62.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 521,281 shares of company stock worth $19,865,616 over the last ninety days. Company insiders own 21.52% of the company’s stock.

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.