Sweetgreen (NYSE:SG) PT Raised to $25.00 at Citigroup

Sweetgreen (NYSE:SG) had its price target upped by stock analysts at Citigroup from $16.00 to $25.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price target would indicate a potential upside of 25.63% from the company’s current price.

Other research analysts have also issued reports about the stock. TD Cowen restated a “hold” rating and set a $17.00 target price on shares of Sweetgreen in a research report on Wednesday, April 10th. Royal Bank of Canada increased their price target on shares of Sweetgreen from $13.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. JPMorgan Chase & Co. increased their price target on shares of Sweetgreen from $20.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Morgan Stanley increased their price target on shares of Sweetgreen from $11.00 to $16.00 and gave the company an “underweight” rating in a research report on Friday, April 12th. Finally, Oppenheimer increased their price target on shares of Sweetgreen from $17.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Sweetgreen Trading Down 11.4 %

Shares of SG opened at $19.90 on Tuesday. The firm’s 50-day moving average is $20.87 and its two-hundred day moving average is $14.24. Sweetgreen has a twelve month low of $7.53 and a twelve month high of $26.45. The firm has a market capitalization of $2.25 billion, a P/E ratio of -19.90 and a beta of 2.20.

Sweetgreen (NYSE:SG) last issued its earnings results on Thursday, February 29th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.01). Sweetgreen had a negative return on equity of 21.58% and a negative net margin of 19.41%. The company had revenue of $153.00 million for the quarter, compared to analyst estimates of $152.04 million. During the same quarter in the previous year, the company posted ($0.44) earnings per share. The company’s quarterly revenue was up 29.0% compared to the same quarter last year. Analysts predict that Sweetgreen will post -0.71 EPS for the current year.

Insider Activity at Sweetgreen

In related news, CEO Jonathan Neman sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $11.55, for a total transaction of $57,750.00. Following the transaction, the chief executive officer now owns 2,100,000 shares of the company’s stock, valued at $24,255,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Adrienne Gemperle sold 4,286 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $12.32, for a total transaction of $52,803.52. Following the transaction, the insider now owns 139,693 shares of the company’s stock, valued at $1,721,017.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jonathan Neman sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $11.55, for a total transaction of $57,750.00. Following the transaction, the chief executive officer now directly owns 2,100,000 shares in the company, valued at approximately $24,255,000. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 140,555 shares of company stock valued at $2,214,389. Company insiders own 21.52% of the company’s stock.

Hedge Funds Weigh In On Sweetgreen

A number of large investors have recently bought and sold shares of SG. Bourgeon Capital Management LLC purchased a new position in Sweetgreen during the third quarter worth approximately $29,000. Compagnie Lombard Odier SCmA raised its stake in Sweetgreen by 300.0% during the third quarter. Compagnie Lombard Odier SCmA now owns 8,000 shares of the company’s stock worth $94,000 after purchasing an additional 6,000 shares during the period. Quest Partners LLC purchased a new position in Sweetgreen during the fourth quarter worth approximately $104,000. Clear Harbor Asset Management LLC purchased a new position in Sweetgreen during the fourth quarter worth approximately $113,000. Finally, Triumph Capital Management purchased a new position in Sweetgreen during the fourth quarter worth approximately $126,000. Hedge funds and other institutional investors own 95.75% of the company’s stock.

Sweetgreen Company Profile

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.