The price of Sweetgreen Inc (NYSE:SG) shares last traded on Wall Street rose 1.71% to $35.06.
SG stock price is now 21.75% away from the 50-day moving average and 72.86% away from the 200-day moving average. The market capitalization of the company currently stands at $4.00B.
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With the price target enhanced from $33 to $39, Piper Sandler Downgraded its rating from Overweight to Neutral for Sweetgreen Inc (NYSE: SG). On July 17, 2024, UBS recently initiated its ‘Buy’ rating on the stock quoting a target price of $31, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Ayele Wouleta, CHIEF TECHNOLOGY OFFICER sold 2,831 shares of the company’s stock on Aug 16 ’24. The stock was sold for $102,794 at an average price of $36.31. Upon completion of the transaction, the CHIEF TECHNOLOGY OFFICER now directly owns 144,649 shares in the company, valued at $5.07 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 16 ’24, CHIEF FINANCIAL OFFICER Reback Mitch sold 9,156 shares of the business’s stock. A total of $335,201 was realized by selling the stock at an average price of $36.61. This leaves the insider owning 379,181 shares of the company worth $13.29 million. A total of 19.52% of the company’s stock is owned by insiders.
During the past 12 months, Sweetgreen Inc has had a low of $8.64 and a high of $37.88. As of last week, the company has a debt-to-equity ratio of 0.66, a current ratio of 2.72, and a quick ratio of 2.70. The fifty day moving average price for SG is $28.8244 and a two-hundred day moving average price translates $20.4092 for the stock.
The latest earnings results from Sweetgreen Inc (NYSE: SG) was released for 2024-06-30. The net profit margin was -14.33% and return on equity was -18.95% for SG. The company reported revenue of $184.64 million for the quarter, compared to $152.53 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.06 percent.
