Sweetgreen Garners Hold Consensus with $11.43 Average 12-Month Price Target

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Sixteen brokers rate Sweetgreen shares a consensus Hold (2 Sell, 11 Hold, 3 Buy) with a $11.43 average 12-month target price. In Q3, Sweetgreen reported a $0.31 loss per share, missing estimates by $0.13 on $172.4M revenue, down 0.6% year-over-year.

1. Analysts Issue Hold Consensus

Sweetgreen has received a consensus rating of “Hold” from sixteen brokerages covering the company. Two analysts have recommended selling shares, eleven advise holding, and three support buying. The average one-year target price among those updating coverage over the past year stands at $11.43, reflecting tempered expectations following mixed operational results and an unprofitable status.

2. Significant Insider Purchases Highlight Confidence

Co-founder Nicolas Jammet acquired 18,115 shares at an average cost of $5.51 per share, investing roughly $99,814 on November 12. On the same day, CEO Jonathan Neman purchased 179,800 shares at an average of $5.56, totaling nearly $999,688. These transactions boosted insider ownership to 19.78%, signaling management’s conviction despite ongoing losses.

3. Institutional Investors Adjust Positions

Several institutions have reshaped their exposure in recent quarters. Glass Jacobson Investment Advisors initiated a stake valued at approximately $30,000 in Q2. Nisa Investment Advisors increased its holdings by 98.2%, ending Q2 with 2,129 shares worth $32,000. Skandinaviska Enskilda Banken more than quadrupled its stake to 2,808 shares valued at $42,000. During Q3, Larson Financial Group expanded by 165.8% to 3,766 shares ($30,000), and Bogart Wealth boosted its position by 1,150% to 5,000 shares ($40,000). Institutional and hedge fund ownership now accounts for 95.75% of outstanding stock.

4. Recent Quarterly Results Show Continued Pressure

In its latest quarter, Sweetgreen reported EPS of -$0.31, missing the consensus estimate of -$0.18 by $0.13. Revenue reached $172.4 million, below the $179.3 million forecast, marking a 0.6% year-over-year decline. The company posted a negative net margin of 16.55% and a return on equity of -25.67%. Analysts project full-year EPS of -0.74, underscoring persistent challenges in achieving profitability.

Sources

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