Sweetgreen (SG) Expected to Announce Quarterly Earnings on Wednesday

Sweetgreen (NYSE:SG) is expected to be posting its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Sweetgreen to post earnings of ($0.21) per share and revenue of $162.70 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Sweetgreen Price Performance

Shares of NYSE:SG opened at $21.87 on Monday. Sweetgreen has a 1-year low of $11.16 and a 1-year high of $45.12. The company has a market capitalization of $2.53 billion, a P/E ratio of -28.03 and a beta of 2.37. The firm’s 50 day simple moving average is $31.19 and its two-hundred day simple moving average is $34.43.

Wall Street Analyst Weigh In

SG has been the topic of several research analyst reports. KeyCorp initiated coverage on shares of Sweetgreen in a research note on Wednesday, December 11th. They issued a “sector weight” rating on the stock. Morgan Stanley decreased their target price on Sweetgreen from $32.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. UBS Group boosted their target price on Sweetgreen from $37.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Citigroup lowered their target price on Sweetgreen from $49.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $40.00 price target on shares of Sweetgreen in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.60.

Insider Buying and Selling

In related news, insider Nathaniel Ru sold 53,718 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $38.70, for a total value of $2,078,886.60. Following the transaction, the insider now owns 1,952,129 shares of the company’s stock, valued at $75,547,392.30. This trade represents a 2.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nicolas Jammet sold 170,199 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $37.73, for a total transaction of $6,421,608.27. Following the completion of the transaction, the insider now directly owns 1,760,034 shares in the company, valued at $66,406,082.82. This represents a 8.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 521,281 shares of company stock valued at $19,865,616 in the last ninety days. 21.52% of the stock is owned by company insiders.

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.