Stocks of Sweetgreen Inc (NYSE:SG) traded higher last session on Wall Street, up 6.16% to $32.21.
SG stock price is now 10.83% away from the 50-day moving average and 48.35% away from the 200-day moving average. The market capitalization of the company currently stands at $3.68B.
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With the price target enhanced from $31 to $43, TD Cowen Upgraded its rating from Hold to Buy for Sweetgreen Inc (NYSE: SG). On August 19, 2024, Piper Sandler Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock increasing its target price from $33 to quote $39, while ‘UBS’ rates the stock as ‘Buy’
In other news, Ru Nathaniel, Chief Brand Officer sold 15,725 shares of the company’s stock on Sep 10 ’24. The stock was sold for $473,952 at an average price of $30.14. Upon completion of the transaction, the Chief Brand Officer now directly owns 1,952,129 shares in the company, valued at $62.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 10 ’24, Chief Brand Officer Ru Nathaniel sold 12,580 shares of the business’s stock. A total of $379,161 was realized by selling the stock at an average price of $30.14. A total of 19.03% 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 $38.53. 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 $29.1198 and a two-hundred day moving average price translates $21.82575 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.
