Sweetgreen Inc (NYSE: SG) is 246.55% higher on its value in year-to-date trading and has touched a low of $8.64 and a high of $40.20 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 $38.05 in the last trading session, with the day’s gains setting it 1.11%.
Currently trading at $39.16, the stock is 4.56% and 11.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.57 million and changing 2.92% at the moment leaves the stock 45.81% off its SMA200. SG registered 302.47% gain for a year compared to 6-month gain of 68.43%. The firm has a 50-day simple moving average (SMA 50) of $35.0012 and a 200-day simple moving average (SMA200) of $26.7122.
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The stock witnessed a 12.37% loss in the last 1 month and extending the period to 3 months gives it a 51.67%, and is 1.69% 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 5.61% over the week and 6.02% over the month.
Sweetgreen Inc (SG) has around 6186 employees, a market worth around $4.47B and $648.95M in sales. Profit margin for the company is -14.33%. Distance from 52-week low is 353.24% and -2.59% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.44%).
with sales reaching $175.53M over the same period.The EPS is expected to grow by 26.96% this year, but quarterly earnings will post 16.20% year-over-year.
Sweetgreen Inc (SG) Top Institutional Holders
343.0 institutions hold shares in Sweetgreen Inc (SG), with institutional investors hold 97.62% of the company’s shares. The shares outstanding are 99.70M, and float is at 92.77M with Short Float at 18.11%. Institutions hold 94.82% 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 Ru Nathaniel, the company’s Chief Brand Officer. SEC filings show that Ru Nathaniel sold 1,263 shares of the company’s common stock on Oct 28 ’24 at a price of $40.01 per share for a total of $50533.0. Following the sale, the insider now owns 1.95 million shares.
Sweetgreen Inc disclosed in a document filed with the SEC on Oct 28 ’24 that Ru Nathaniel (Chief Brand Officer) sold a total of 1,009 shares of the company’s common stock. The trade occurred on Oct 28 ’24 and was made at $40.01 per share for $40370.0. Following the transaction, the insider now directly holds 0.0 shares of the SG stock.
Still, SEC filings show that on Oct 28 ’24, Neman Jonathan (CHIEF EXECUTIVE OFFICER) disposed off 1,263 shares at an average price of $40.01 for $50533.0. The insider now directly holds 1,930,228 shares of Sweetgreen Inc (SG).
