Sweetgreen (SG) Expected to Announce Quarterly Earnings on Wednesday

Sweetgreen (NYSE:SG) is anticipated to announce its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.21) per share and revenue of $162.70 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Sweetgreen Trading Down 6.9 %

Shares of Sweetgreen stock opened at $21.87 on Monday. Sweetgreen has a 12-month low of $11.16 and a 12-month high of $45.12. The company has a market cap of $2.53 billion, a price-to-earnings ratio of -28.03 and a beta of 2.37. The company’s 50-day moving average price is $31.19 and its 200-day moving average price is $34.43.

Insider Activity at Sweetgreen

In related news, Director Julie Bornstein sold 4,464 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $42.11, for a total transaction of $187,979.04. Following the sale, the director now directly owns 32,637 shares of the company’s stock, valued at approximately $1,374,344.07. This represents a 12.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mitch Reback sold 10,926 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.43, for a total transaction of $288,774.18. Following the sale, the chief financial officer now directly owns 344,055 shares in the company, valued at $9,093,373.65. This trade represents a 3.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 521,281 shares of company stock valued at $19,865,616 in the last three months. Company insiders own 21.52% of the company’s stock.

Wall Street Analysts Forecast Growth

SG has been the topic of a number of recent analyst reports. Oppenheimer lowered their price objective on Sweetgreen from $45.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. UBS Group lifted their price target on shares of Sweetgreen from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Citigroup decreased their price target on shares of Sweetgreen from $49.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. KeyCorp initiated coverage on shares of Sweetgreen in a research report on Wednesday, December 11th. They issued a “sector weight” rating on the stock. Finally, TD Cowen reiterated a “buy” rating and issued a $45.00 target price on shares of Sweetgreen in a research report on Monday, November 18th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.60.

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.