RBC Capital analyst Christopher Carril maintained a Buy rating on Sweetgreen (SG – Research Report) on January 25 and set a price target of $13.00. The company’s shares closed yesterday at $10.49.
According to TipRanks, Carril is a 5-star analyst with an average return of 9.4% and a 67.25% success rate. Carril covers the Consumer Cyclical sector, focusing on stocks such as McDonald’s, Brinker International, and Chipotle.
Currently, the analyst consensus on Sweetgreen is a Moderate Buy with an average price target of $13.75.
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Based on Sweetgreen’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $153.43 million and a GAAP net loss of $25.06 million. In comparison, last year the company earned a revenue of $124.03 million and had a GAAP net loss of $47.4 million
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SG in relation to earlier this year. Most recently, in November 2023, Nicolas Jammet, the Chief Concept Officer of SG sold 50,000.00 shares for a total of $481,650.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Sweetgreen (SG) Company Description:
Sweetgreen Inc is a next generation restaurant and lifestyle brand that serves healthy food at scale. It is creating plant-forward, seasonal, and earth-friendly meals from fresh ingredients and produce that prioritizes organic, regenerative, and local sourcing.
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