Sweetgreen (NYSE:SG) Announces Earnings Results, Misses Estimates By $0.13 EPS

Sweetgreen (NYSE:SG) announced its earnings results on Thursday. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.13), FiscalAI reports. Sweetgreen had a negative return on equity of 25.06% and a negative net margin of 16.55%.The firm had revenue of $172.39 million during the quarter, compared to the consensus estimate of $179.29 million. During the same quarter last year, the business earned ($0.18) EPS. The business’s revenue was down .6% compared to the same quarter last year. Sweetgreen updated its FY 2025 guidance to EPS.

Sweetgreen Stock Down 7.9%

Shares of SG stock traded down $0.50 on Friday, reaching $5.76. The company had a trading volume of 20,769,705 shares, compared to its average volume of 5,969,859. The stock has a market capitalization of $680.31 million, a PE ratio of -5.93 and a beta of 1.94. The business’s 50-day moving average is $7.85 and its 200 day moving average is $11.63. Sweetgreen has a one year low of $5.20 and a one year high of $45.12.

Insider Buying and Selling

In other Sweetgreen news, CFO Mitch Reback sold 11,530 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 322,891 shares in the company, valued at approximately $2,967,368.29. This represents a 3.45% decrease in their position. The sale 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 insiders.

Institutional Trading of Sweetgreen

A number of large investors have recently bought and sold shares of SG. FORA Capital LLC acquired a new stake in shares of Sweetgreen in the 2nd quarter worth about $644,000. Tower Research Capital LLC TRC raised its stake in shares of Sweetgreen by 26.3% in the second quarter. Tower Research Capital LLC TRC now owns 14,362 shares of the company’s stock worth $214,000 after purchasing an additional 2,987 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Sweetgreen by 90.7% in the second quarter. Captrust Financial Advisors now owns 27,226 shares of the company’s stock valued at $405,000 after purchasing an additional 12,946 shares in the last quarter. HRT Financial LP purchased a new position in shares of Sweetgreen during the second quarter valued at approximately $2,564,000. Finally, Holocene Advisors LP raised its position in Sweetgreen by 37.1% in the 2nd quarter. Holocene Advisors LP now owns 174,603 shares of the company’s stock valued at $2,598,000 after buying an additional 47,226 shares during the last quarter. 95.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Sanford C. Bernstein set a $8.00 price objective on Sweetgreen in a research note on Wednesday, October 22nd. TD Cowen dropped their price target on Sweetgreen from $15.00 to $10.00 and set a “hold” rating on the stock in a research report on Friday, August 8th. Piper Sandler reduced their price objective on Sweetgreen from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday. Oppenheimer set a $10.00 price objective on shares of Sweetgreen in a research note on Friday. Finally, Bank of America reiterated a “neutral” rating and set a $9.50 target price (down from $18.00) on shares of Sweetgreen in a research note on Monday, October 6th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $12.04.

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.