SG

B of A Securities Upgrades Sweetgreen Inc - (SG)

Fintel reports that on July 6, 2023, B of A Securities upgraded their outlook for Sweetgreen Inc - (NYSE:SG) from Neutral to Buy .

Analyst Price Forecast Suggests 19.17% Downside

As of June 2, 2023, the average one-year price target for Sweetgreen Inc - is 10.54. The forecasts range from a low of 9.09 to a high of $15.75. The average price target represents a decrease of 19.17% from its latest reported closing price of 13.04.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Sweetgreen Inc - is 654MM, an increase of 32.73%. The projected annual non-GAAP EPS is -1.17.

What is the Fund Sentiment?

There are 301 funds or institutions reporting positions in Sweetgreen Inc -. This is a decrease of 22 owner(s) or 6.81% in the last quarter. Average portfolio weight of all funds dedicated to SG is 0.22%, a decrease of 10.63%. Total shares owned by institutions decreased in the last three months by 6.33% to 90,604K shares. SG / Sweetgreen Inc - Class A Put/Call Ratios The put/call ratio of SG is 1.23, indicating a bearish outlook.

What are Other Shareholders Doing?

SG / Sweetgreen Inc - Class A Shares Held by Institutions

FBGRX - Fidelity Blue Chip Growth Fund holds 6,984K shares representing 6.27% ownership of the company. In it's prior filing, the firm reported owning 7,086K shares, representing a decrease of 1.45%. The firm decreased its portfolio allocation in SG by 27.54% over the last quarter.

PRNHX - T. Rowe Price New Horizons Fund holds 6,018K shares representing 5.40% ownership of the company. In it's prior filing, the firm reported owning 10,563K shares, representing a decrease of 75.54%. The firm decreased its portfolio allocation in SG by 72.97% over the last quarter.

Baillie Gifford holds 5,245K shares representing 4.71% ownership of the company. In it's prior filing, the firm reported owning 5,292K shares, representing a decrease of 0.89%. The firm decreased its portfolio allocation in SG by 21.49% over the last quarter.

Anchorage Capital Group, L.L.C. holds 4,795K shares representing 4.30% ownership of the company. No change in the last quarter.

Revolution Growth Management holds 4,681K shares representing 4.20% ownership of the company. No change in the last quarter.

Sweetgreen Background Information
(This description is provided by the company.)

Sweetgreen is an American fast casual restaurant chain that serves salads. It was founded in August 2007 by Nicolas Jammet, Nathaniel Ru, and Jonathan Neman, three months after they graduated from the McDonough School of Business at Georgetown University.

Additional reading:

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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