Sweetgreen (NYSE:SG) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Sweetgreen (NYSE:SG) announced its quarterly earnings results on Wednesday. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.04), Zacks reports. Sweetgreen had a negative net margin of 13.27% and a negative return on equity of 18.82%. Sweetgreen updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Sweetgreen Trading Up 4.6 %

Sweetgreen stock traded up $1.03 during midday trading on Wednesday, reaching $23.44. 7,330,348 shares of the stock traded hands, compared to its average volume of 3,270,146. The firm has a market cap of $2.71 billion, a PE ratio of -30.05 and a beta of 2.37. The company has a 50-day simple moving average of $30.67 and a two-hundred day simple moving average of $34.32. Sweetgreen has a 12-month low of $11.31 and a 12-month high of $45.12.

Insiders Place Their Bets

In related news, CEO Jonathan Neman sold 41,805 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $38.61, for a total transaction of $1,614,091.05. Following the sale, the chief executive officer now directly owns 1,930,228 shares of the company’s stock, valued at $74,526,103.08. This represents a 2.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mitch Reback sold 10,926 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $26.43, for a total transaction of $288,774.18. Following the completion of the transaction, the chief financial officer now directly owns 344,055 shares of the company’s stock, valued at $9,093,373.65. This represents a 3.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 516,817 shares of company stock worth $19,677,637 over the last three months. Company insiders own 21.52% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Morgan Stanley decreased their target price on shares of Sweetgreen from $32.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. UBS Group upped their price objective on Sweetgreen from $37.00 to $45.00 and gave the company a “buy” rating in a report on Friday, November 8th. Oppenheimer cut their target price on Sweetgreen from $45.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Sweetgreen in a research note on Tuesday. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $40.00 price target on shares of Sweetgreen in a report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Sweetgreen currently has an average 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.