William Blair Reduces Earnings Estimates for Sweetgreen

Sweetgreen, Inc. (NYSE:SG) – Stock analysts at William Blair reduced their FY2025 earnings per share estimates for shares of Sweetgreen in a research report issued on Monday, October 20th. William Blair analyst S. Zackfia now forecasts that the company will earn ($0.76) per share for the year, down from their prior estimate of ($0.75). William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Sweetgreen’s current full-year earnings is ($0.74) per share. William Blair also issued estimates for Sweetgreen’s Q4 2025 earnings at ($0.22) EPS, FY2026 earnings at ($0.85) EPS and FY2027 earnings at ($0.88) EPS.

A number of other equities research analysts also recently commented on SG. Morgan Stanley set a $10.00 price objective on Sweetgreen in a research report on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sweetgreen in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Sweetgreen from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Wells Fargo & Company cut their target price on shares of Sweetgreen from $19.00 to $13.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. Finally, JPMorgan Chase & Co. cut their target price on shares of Sweetgreen from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 25th. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $15.73.

Sweetgreen Stock Performance

Shares of NYSE:SG opened at $8.12 on Wednesday. Sweetgreen has a one year low of $7.23 and a one year high of $45.12. The stock has a fifty day moving average of $8.48 and a 200-day moving average of $12.84. The company has a market capitalization of $960.22 million, a PE ratio of -9.67 and a beta of 1.97.

Sweetgreen (NYSE:SG) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.08). Sweetgreen had a negative net margin of 14.29% and a negative return on equity of 22.21%. The company had revenue of $185.58 million for the quarter, compared to analyst estimates of $193.47 million. During the same quarter last year, the company posted ($0.13) EPS. Sweetgreen’s revenue was up .5% on a year-over-year basis. Sweetgreen has set its FY 2025 guidance at EPS.

Insider Transactions at Sweetgreen

In other news, CFO Mitch Reback sold 11,530 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $9.19, for a total value of $105,960.70. Following the transaction, the chief financial officer directly owned 322,891 shares of the company’s stock, valued at approximately $2,967,368.29. This represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 19.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sweetgreen

A number of hedge funds have recently modified their holdings of SG. Oppenheimer Asset Management Inc. increased its stake in shares of Sweetgreen by 51.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 38,826 shares of the company’s stock worth $971,000 after acquiring an additional 13,130 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Sweetgreen by 81.8% in the first quarter. Oppenheimer & Co. Inc. now owns 48,070 shares of the company’s stock worth $1,203,000 after acquiring an additional 21,625 shares during the last quarter. Spire Wealth Management increased its stake in shares of Sweetgreen by 47.1% in the first quarter. Spire Wealth Management now owns 1,983 shares of the company’s stock worth $50,000 after acquiring an additional 635 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Sweetgreen by 19,183.8% in the first quarter. Bessemer Group Inc. now owns 20,248 shares of the company’s stock worth $507,000 after acquiring an additional 20,143 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Sweetgreen by 50.8% in the first quarter. Sequoia Financial Advisors LLC now owns 13,280 shares of the company’s stock worth $332,000 after acquiring an additional 4,474 shares during the last quarter. 95.75% of the stock is owned by institutional investors and hedge funds.

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.