Sweetgreen (SG) Scheduled to Post Quarterly Earnings on Thursday

Sweetgreen (NYSE:SG) is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.16) per share for the quarter. Sweetgreen has set its FY 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Sweetgreen (NYSE:SG) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.02). Sweetgreen had a negative return on equity of 19.34% and a negative net margin of 14.33%. The company had revenue of $184.60 million during the quarter, compared to the consensus estimate of $180.79 million. During the same quarter last year, the company posted ($0.20) earnings per share. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. On average, analysts expect Sweetgreen to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Sweetgreen Price Performance

Shares of Sweetgreen stock opened at $39.24 on Wednesday. Sweetgreen has a 1 year low of $8.64 and a 1 year high of $40.20. The firm has a market cap of $4.48 billion, a PE ratio of -47.76 and a beta of 2.32. The company has a 50 day simple moving average of $34.94 and a two-hundred day simple moving average of $30.92.

Insider Transactions at Sweetgreen

In other news, insider Nathaniel Ru sold 1,263 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $40.01, for a total value of $50,532.63. Following the transaction, the insider now owns 1,952,129 shares in the company, valued at approximately $78,104,681.29. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Nathaniel Ru sold 1,263 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $40.01, for a total transaction of $50,532.63. Following the transaction, the insider now directly owns 1,952,129 shares of the company’s stock, valued at $78,104,681.29. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Adrienne Gemperle sold 3,868 shares of Sweetgreen stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $36.31, for a total value of $140,447.08. Following the completion of the sale, the insider now owns 114,842 shares of the company’s stock, valued at $4,169,913.02. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 428,334 shares of company stock valued at $15,162,663 in the last quarter. 21.52% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SG shares. Morgan Stanley increased their target price on shares of Sweetgreen from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Oppenheimer lifted their price objective on Sweetgreen from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, August 15th. Piper Sandler restated a “neutral” rating and set a $39.00 target price (up from $33.00) on shares of Sweetgreen in a report on Monday, August 19th. TD Cowen reiterated a “buy” rating and issued a $43.00 price objective on shares of Sweetgreen in a research report on Friday, September 27th. Finally, UBS Group increased their price objective on Sweetgreen from $31.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Sweetgreen currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.20.

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.