11 Analysts Assess Sweetgreen: What You Need To Know
Portfolio Pulse from Benzinga Insights
Sweetgreen (NYSE:SG) has been analyzed by 11 analysts, showing a shift towards a more bullish sentiment over the last quarter with 7 somewhat bullish, 2 indifferent, and 2 somewhat bearish ratings. The average 12-month price target for SG is now $18.55, up 27.93% from the previous $14.50, with a high estimate of $34.00 and a low of $10.00. Sweetgreen's financial performance includes a 29.06% revenue growth rate as of December 31, 2023, but struggles with profitability and efficiency, as indicated by its net margin of -17.91%, ROE of -5.58%, and ROA of -3.16%. The company's debt-to-equity ratio is 0.63, below the industry average.

April 01, 2024 | 2:00 pm
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Sweetgreen's analyst ratings have improved, with a significant increase in the average 12-month price target to $18.55. The company has shown impressive revenue growth but struggles with profitability and asset utilization.
The increase in Sweetgreen's average price target and the shift towards a more bullish sentiment among analysts suggest a positive short-term impact on SG's stock price. However, the company's challenges with profitability and efficiency metrics may temper investor enthusiasm, making the overall outlook cautiously optimistic.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100