Sweetgreen Inc (NYSE: SG) is 164.16% higher on its value in year-to-date trading and has touched a low of $8.64 and a high of $38.53 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 $29.27 in the last trading session, with the day’s gains setting it 0.58%.
Currently trading at $29.85, the stock is -9.40% and 2.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.6 million and changing 1.98% at the moment leaves the stock 40.58% off its SMA200. SG registered 110.51% gain for a year compared to 6-month gain of 67.41%.
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The stock witnessed a 21.59% loss in the last 1 month and extending the period to 3 months gives it a -3.71%, and is -13.70% down 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 5.95% over the week and 6.79% over the month.
Sweetgreen Inc (SG) has around 6186 employees, a market worth around $3.41B and $648.95M in sales. Profit margin for the company is -14.33%. Distance from 52-week low is 245.49% and -22.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.44%).
Sweetgreen Inc quarterly earnings per share for the current quarter are estimated at -0.13 with sales reaching $175.92M over the same period.The EPS is expected to grow by 29.90% this year, but quarterly earnings will post 16.50% year-over-year.
317.0 institutions hold shares in Sweetgreen Inc (SG), with institutional investors hold 96.92% of the company’s shares. The shares outstanding are 99.70M, and float is at 92.42M with Short Float at 14.11%. Institutions hold 94.14% of the Float.
The top institutional shareholder in the company is BAILLIE GIFFORD & CO with over 12.33 million shares valued at $371.52 million. The investor’s holdings represent 10.9302 of the SG Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 10.97 million shares valued at $330.64 million to account for 9.7276 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 9.03 million shares representing 8.0066 and valued at over $272.14 million, while BLACKROCK INC. holds 6.3457 of the shares totaling 7.16 million with a market value of $215.69 million.
Sweetgreen Inc (SG) Insider Activity
The most recent transaction is an insider sale by Jammet Nicolas, the company’s Chief Concept Officer. SEC filings show that Jammet Nicolas sold 169,767 shares of the company’s common stock on Aug 26 ’24 at a price of $35.77 per share for a total of $6.07 million. Following the sale, the insider now owns 1.93 million shares.
Sweetgreen Inc disclosed in a document filed with the SEC on Aug 26 ’24 that Ru Nathaniel (Chief Brand Officer) sold a total of 169,770 shares of the company’s common stock. The trade occurred on Aug 26 ’24 and was made at $35.77 per share for $6.07 million. Following the transaction, the insider now directly holds 1.95 million shares of the SG stock.
Still, SEC filings show that on Aug 26 ’24, Neman Jonathan (CHIEF EXECUTIVE OFFICER) disposed off 169,772 shares at an average price of $35.77 for $6.07 million. The insider now directly holds 1,930,228 shares of Sweetgreen Inc (SG).
