Sweetgreen (NYSE:SG – Free Report) had its price objective increased by BNP Paribas Exane from $4.50 to $5.00 in a research report sent to investors on Friday,Benzinga reports. BNP Paribas Exane currently has an underperform rating on the stock.
Several other research analysts also recently commented on SG. TD Cowen raised their target price on Sweetgreen from $5.00 to $7.00 and gave the stock a “hold” rating in a research note on Friday. Citizens Jmp started coverage on Sweetgreen in a research note on Monday, March 30th. They issued a “mkt underperform” rating and a $4.50 target price for the company. Piper Sandler cut their target price on Sweetgreen from $9.00 to $7.00 and set a “neutral” rating for the company in a research note on Friday, March 27th. JPMorgan Chase & Co. raised their target price on Sweetgreen from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 20th. Finally, Royal Bank Of Canada cut their target price on Sweetgreen from $8.00 to $7.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Three investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Sweetgreen currently has a consensus rating of “Hold” and a consensus target price of $7.51.
Read Our Latest Analysis on SG
Sweetgreen Stock Up 2.4%
Sweetgreen (NYSE:SG – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.04). Sweetgreen had a negative return on equity of 35.14% and a net margin of 2.49%.The company had revenue of $161.52 million during the quarter, compared to the consensus estimate of $163.95 million. During the same quarter in the prior year, the business earned ($0.21) EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities research analysts anticipate that Sweetgreen will post -0.75 EPS for the current year.
Insider Transactions at Sweetgreen
In other Sweetgreen news, insider Nicolas Jammet purchased 4,428 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was purchased at an average price of $5.71 per share, for a total transaction of $25,283.88. Following the transaction, the insider owned 22,543 shares in the company, valued at $128,720.53. The trade was a 24.44% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Goldman Sachs Group Inc purchased 594,553 shares of the company’s stock in a transaction dated Tuesday, April 7th. The shares were acquired at an average price of $5.69 per share, with a total value of $3,383,006.57. Following the transaction, the insider owned 11,900,255 shares in the company, valued at approximately $67,712,450.95. The trade was a 5.26% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 19.78% of the company’s stock.
Institutional Trading of Sweetgreen
A number of large investors have recently modified their holdings of SG. Royal Bank of Canada boosted its position in shares of Sweetgreen by 22.4% during the 1st quarter. Royal Bank of Canada now owns 291,477 shares of the company’s stock valued at $7,292,000 after acquiring an additional 53,427 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Sweetgreen by 6.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,572 shares of the company’s stock valued at $1,516,000 after buying an additional 3,553 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of Sweetgreen during the 2nd quarter valued at about $197,000. Qube Research & Technologies Ltd purchased a new position in shares of Sweetgreen during the 2nd quarter valued at about $538,000. Finally, Frontier Capital Management Co. LLC raised its holdings in shares of Sweetgreen by 121.7% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 680,255 shares of the company’s stock valued at $10,122,000 after buying an additional 373,350 shares in the last quarter. Institutional investors own 95.75% of the company’s stock.
Sweetgreen News Roundup
Here are the key news stories impacting Sweetgreen this week:
- Positive Sentiment: Sweetgreen is rolling out its new under-$15 wraps nationally, which could help broaden its menu appeal and support traffic if customers respond well. Sweetgreen reiterates FY2026 same-store sales outlook of (-4%) to (-2%) as Wraps roll out nationally
- Neutral Sentiment: BNP Paribas Exane raised its price target on Sweetgreen to $5.00 from $4.50, but kept an underperform rating, signaling the firm still expects meaningful downside from current levels. Benzinga report on BNP Paribas Exane price target change
- Negative Sentiment: The company missed Q1 estimates, posting a loss of $0.27 per share versus expectations for a $0.23 loss, while revenue of $161.5 million also came in below forecasts and declined 2.9% year over year. Sweetgreen, Inc. Announces First Quarter 2026 Financial Results
- Negative Sentiment: Same-store sales fell 12.8% in the quarter, and Sweetgreen reiterated FY2026 same-store sales guidance of down 4% to down 2%, reinforcing concerns about weakening demand. Sweetgreen reiterates FY2026 same-store sales outlook of (-4%) to (-2%) as Wraps roll out nationally
About Sweetgreen
Sweetgreen, Inc is a fast-casual restaurant chain specializing in salads, grain bowls and warm bowls that emphasize fresh, locally sourced ingredients. Since its founding in 2007 by Jonathan Neman, Nicolas Jammet and Nathaniel Ru, Sweetgreen has focused on sustainable agriculture, working with regional farmers across the United States to provide seasonal produce and promote environmentally responsible sourcing practices. The company’s menu features a variety of plant-forward options, including custom-build salads, chef-curated bowls and limited-time offerings that reflect changing harvests.
Sweetgreen operates a technology-driven service model that combines in-store experiences with digital ordering through its mobile app and website.
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