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Sweetgreen Inc (SG) Stock Could Soon Reward Patient Investors

Sweetgreen Inc (NYSE: SG) is 123.54% higher on its value in year-to-date trading and has touched a low of $6.10 and a high of $26.15 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SG stock was last observed hovering at around $25.48 in the last trading session, with the day’s loss setting it -0.22%.

Currently trading at $25.26, the stock is 20.31% and 66.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.92 million and changing -0.86% at the moment leaves the stock 97.31% off its SMA200. SG registered 292.85% gain for a year compared to 6-month gain of 121.38%. The firm has a 50-day simple moving average (SMA 50) of $4.96 and a 200-day simple moving average (SMA200) of -$54.31.

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The stock witnessed a 103.71% loss in the last 1 month and extending the period to 3 months gives it a 121.77%, and is 1.57% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.28% over the week and 5.77% over the month.

Sweetgreen Inc (SG) has around 6186 employees, a market worth around $2.85B and $584.04M in sales. Profit margin for the company is -19.41%. Distance from 52-week low is 314.10% and -3.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.04%).

Sweetgreen Inc quarterly earnings per share for the current quarter are estimated at -$0.17 with sales reaching $151.4M over the same period.The EPS is expected to grow by 45.64% this year, but quarterly earnings will post 13.90% year-over-year. Quarterly sales are estimated to grow 21.10% in year-over-year returns.

Sweetgreen Inc (SG) Top Institutional Holders

238 institutions hold shares in Sweetgreen Inc (SG), with institutional investors hold 89.81% of the company’s shares. The shares outstanding are 99.70M, and float is at 96.31M with Short Float at 12.46%. Institutions hold 87.24% of the Float.

The top institutional shareholder in the company is FMR, LLC with over 14.73 million shares valued at $188.78 million. The investor’s holdings represent 14.91% of the SG Shares outstanding. As of Jun 29, 2023, the second largest holder is Baillie Gifford and Company with 9.1 million shares valued at $116.69 million to account for 9.22% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 7.88 million shares representing 7.98% and valued at over $101.03 million, while Blackrock Inc. holds 6.30% of the shares totaling 6.22 million with a market value of $79.7 million.

Sweetgreen Inc (SG) Insider Activity

The most recent transaction is an insider sale by Reback Mitch,the company’sCHIEF FINANCIAL OFFICER. SEC filings show that Reback Mitch sold 29,475 shares of the company’s common stock on Mar 12 ’24 at a price of $21.01 per share for a total of $0.62 million. Following the sale, the insider now owns 0.41 million shares.

Sweetgreen Inc disclosed in a document filed with the SEC on Mar 01 ’24 that Neman Jonathan (CHIEF EXECUTIVE OFFICER) sold a total of 58,067 shares of the company’s common stock. The trade occurred on Mar 01 ’24 and was made at $16.36 per share for $0.95 million. Following the transaction, the insider now directly holds 0.0 shares of the SG stock.

Still, SEC filings show that on Mar 01 ’24, Gemperle Adrienne (CHIEF PEOPLE OFFICER) disposed off 4,000 shares at an average price of $16.00 for $64000.0. The insider now directly holds 129,407 shares of Sweetgreen Inc (SG).

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