Sweetgreen, Inc.
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See all $SG insider activity →Sweetgreen is introducing lower-priced wraps, averaging $12.50, to attract more customers and change its perception as expensive. The move follows a 6.2% drop in same-store sales, prompting a revised full-year forecast. The company aims to improve pricing transparency and speed up service.
Analysts raised Sweetgreen's average price target to $8.08 from $8, with a range of $4.4 to $11 per share. The updated target suggests a 20% downside from the Oct. 14 closing price. The consensus rating remains 'Buy' among 14 analysts, with 6 Buys, 7 Holds, and 1 Sell.
Sweetgreen introduces wraps priced from $11 to diversify offerings and attract more customers. The company aims to improve affordability and transparency in pricing after facing declining traffic. Despite efforts, sales at established locations fell 6.2% in Q2, leading to a revised forecast of a 7-8% decline for the year, according to executives.
Over the past 7 days, AlphAI's AI scored 1 news story mentioning SG (Sweetgreen, Inc.). Coverage has skewed bearish: 0 bullish, 0 neutral, and 1 bearish.
Recent SG coverage spans financial news, earnings and market movers.
Guidance cut signals weaker demand and may pressure the stock.
Analysts raised Sweetgreen's average price target to $8.08 from $8, with a range of $4.4 to $11 per share. The updated target suggests a 20% downside from the Oct. 14 closing price. The consensus rating remains 'Buy' among 14 analysts, with 6 Buys, 7 Holds, and 1 Sell.
Sweetgreen introduces wraps priced from $11 to diversify offerings and attract more customers. The company aims to improve affordability and transparency in pricing after facing declining traffic. Despite efforts, sales at established locations fell 6.2% in Q2, leading to a revised forecast of a 7-8% decline for the year, according to executives.
Executive hire is routine and unlikely to move the stock significantly.
Sweetgreen shares rallied despite earnings miss, indicating short-term buying pressure.
AlphAI scores every news story that mentions SG with an AI model for sentiment and relevance, and aggregates insider trades from Sweetgreen, Inc.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
Sweetgreen is introducing lower-priced wraps, averaging $12.50, to attract more customers and change its perception as expensive. The move follows a 6.2% drop in same-store sales, prompting a revised full-year forecast. The company aims to improve pricing transparency and speed up service.
2 min readAnalysts raised Sweetgreen's average price target to $8.08 from $8, with a range of $4.4 to $11 per share. The updated target suggests a 20% downside from the Oct. 14 closing price. The consensus rating remains 'Buy' among 14 analysts, with 6 Buys, 7 Holds, and 1 Sell.
1 min readSweetgreen introduces wraps priced from $11 to diversify offerings and attract more customers. The company aims to improve affordability and transparency in pricing after facing declining traffic. Despite efforts, sales at established locations fell 6.2% in Q2, leading to a revised forecast of a 7-8% decline for the year, according to executives.
2 min readSweetgreen appointed Lauren Crowley as chief people officer, effective Oct. 26. She succeeds Adrienne Gemperle and brings 20 years of HR experience from Starbucks and Expedia. CEO Jonathan Neman praised her strategic vision and leadership. The move follows recent executive changes as the company works to improve sales.
2 min readSweetgreen (SG) reported Q2 revenue of $192.7M, up 3.8% YoY, missing estimates. EBITDA guidance also fell short. Wingstop (WING) reported $185.6M, up 6.4% YoY, missing estimates. Chipotle (CMG) reported $3.35B, up 9.3% YoY, meeting revenue expectations and beating same-store sales and EPS estimates. SG and WING stocks moved 54.3% up and 16% down since results, respectively, while CMG is down 9.7%.
2 min readMillennium Management LLC, Millennium Group Management LLC, and Israel A. Englander each reported a 5.4% stake in Sweetgreen's Class A shares. Integrated Core Strategies reported a 4.7% stake. The disclosures are part of an amended Schedule 13G filing.
1 min readWells Fargo upgraded Sweetgreen (SG) to 'Overweight' with a $11 price target, citing easing Cyclospora concerns. HSBC upgraded Target (TGT) to 'Buy' with a $190 target, noting improving customer visits. KeyBanc upgraded Airbnb (ABNB) to 'Overweight' with a $191 target, highlighting growth potential. Wells Fargo and BTIG downgraded Liquidia (LQDA) after a patent dispute.
2 min readSweetgreen cut its full-year outlook in August, projecting same-store sales to fall 7-8% due to a cyclospora outbreak linked to iceberg lettuce. Despite this, its stock has gained nearly 28% year-to-date as it implements a turnaround plan. Wells Fargo upgraded the stock, citing a faster-than-expected recovery. Sweetgreen named Molly Baz as its first chef in residence, part of a strategy to diversify its menu and attract customers.
2 min readMillennium Management LLC and affiliates reported a 5.6% ownership stake in Sweetgreen, Inc., holding 5,992,942 Class A shares with shared voting and dispositive power, according to a Schedule 13G filing.
1 min readWells Fargo upgraded Sweetgreen (SG) to Overweight, citing fading cyclospora concerns, operational improvements, and menu innovations. COO Jason Cochran is implementing changes like assembly line models and daily inventory counts. The company aims to boost dinner sales, which currently make up 40% of sales mix. SG shares rose 3.2% to $8.50.
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