Sweetgreen Inc [SG] stock prices are down -6.29% to $26.52 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SG shares have gain 3.35% over the last week, with a monthly amount drifted -6.59%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Sweetgreen Inc [NYSE: SG] stock has seen the most recent analyst activity on July 17, 2024, when UBS initiated its Buy rating and assigned the stock a price target of $31. Previously, Morgan Stanley upgraded its rating to Equal-Weight on July 16, 2024, and kept the price target unchanged to $25. On June 13, 2024, Goldman initiated with a Buy rating and assigned a price target of $39 on the stock. Oppenheimer reiterated its Outperform rating and increased its price target to $34 on April 01, 2024. Morgan Stanley downgraded its rating to a Underweight and reduced its price target to $10 on January 16, 2024. Piper Sandler upgraded its rating to Overweight for this stock on July 31, 2023, and upped its price target to $19. In a note dated July 06, 2023, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $9 to $17.
The stock price of Sweetgreen Inc [SG] has been fluctuating between $8.64 and $36.72 over the past year. Currently, Wall Street analysts expect the stock to reach $28.22 within the next 12 months. Sweetgreen Inc [NYSE: SG] shares were valued at $26.52 at the most recent close of the market. An investor can expect a potential return of 6.41% based on the average SG price forecast.
Analyzing the SG fundamentals
The Sweetgreen Inc [NYSE:SG] reported sales of 616.83M for trailing twelve months, representing a surge of 26.22%. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at -0.18%, Pretax Profit Margin comes in at -0.17%, and Net Profit Margin reading is -0.17%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.22 and Total Capital is -0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.65.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 25.69 points at the first support level, and at 24.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.23, and for the 2nd resistance point, it is at 27.94.
Ratios To Look Out For
It’s worth pointing out that Sweetgreen Inc [NYSE:SG]’s Current Ratio is 3.02. As well, the Quick Ratio is 3.00, while the Cash Ratio is 2.79. Considering the valuation of this stock, the price to sales ratio is 4.87, the price to book ratio is 6.38.
Transactions by insiders
Recent insider trading involved Ru Nathaniel, Chief Brand Officer, that happened on Jun 05 ’24 when 0.15 million shares were sold. Chief Concept Officer, Jammet Nicolas completed a deal on Jun 05 ’24 to sell 0.15 million shares. Meanwhile, CHIEF EXECUTIVE OFFICER Neman Jonathan sold 0.15 million shares on Jun 05 ’24.
