Oppenheimer raised the price target for the Sweetgreen Inc (NYSE:SG) stock to “an Outperform”. The rating was released on April 01, 2024, according to finviz. We previously noted in another research note published on January 16, 2024 by Morgan Stanley that downgraded the stock from an Equal-weight to an Underweight with a price target of $10 for SG stock. The research report from Piper Sandler has upgraded the stock from Neutral to Overweight, with a price target set at $19. The stock was upgraded by BofA Securities, who disclosed in a research note on July 06, 2023, from Neutral to Buy and set the price objective to $17. In their research brief published June 14, 2023, Piper Sandler analysts initiated the Sweetgreen Inc stock to Neutral with a price target of $11.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated -16.12% within the last five trades and -2.41% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 91.29% in the last 6 months and 92.16% was added to its value over the previous 3 months. SG stock is trading at a margin of -12.61%, 16.25% and 55.78% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, SG deals in the Consumer Cyclical domain. The stock is trading -20.30 percent below its 52-week high and 190.76 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 132.5. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Sweetgreen Inc’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -17.86 percent and the profit margin is -19.41 percent, and the company has reported a gross margin of 7.26 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $2.38 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 4.08 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 4.92, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 14.74 percent of Sweetgreen Inc shares are owned by insiders, and 76.86 percent are held by financial institutions. Reback Mitch, the CHIEF FINANCIAL OFFICER at Sweetgreen Inc (SG) has sold 29,475 shares of firm on Mar 12 ’24 at a price of $21.01 against the total amount of $0.62 million. In another inside trade, Neman Jonathan, CHIEF EXECUTIVE OFFICER of Sweetgreen Inc (NYSE:SG) sold 58,067 shares of the firm on Mar 01 ’24 for a total worth of $0.95 million at a price of $16.36. An inside trade which took place on Mar 01 ’24, CHIEF PEOPLE OFFICER of Sweetgreen Inc Gemperle Adrienne sold 4,000 shares of firm against total price of $64000.0 at the cost of $16.00 per share.
