Sweetgreen Q3 Revenue Misses by $6.9M, EPS Loss Widens to $0.31
Sweetgreen reported Q3 revenue of $172.39M, missing the $179.29M consensus and recording a $0.31 EPS loss versus a $0.18 estimate. The stock holds a consensus Hold from 16 brokers with an $11.43 average target, as CEO Jonathan Neman and co-founder Nicolas Jammet added shares at $5.55 each.
1. Consensus Analyst Ratings on Sweetgreen
Sixteen brokerages cover the company, resulting in a consensus recommendation of Hold. Two analysts have issued Sell ratings, eleven maintain Hold recommendations and three assign Buy opinions. The average 12-month price objective among those firms is 11.43.
2. Insider Buying Activity
Co-founder Nicolas Jammet purchased 18,115 shares at an average cost of 5.51 per share for a total of 99,813.65. CEO Jonathan Neman acquired 179,800 shares at an average price of 5.56, totaling 999,688.00. Following these transactions disclosed in SEC filings, insiders collectively own 19.78% of outstanding shares.
3. Latest Quarterly Results and Profitability Metrics
In its most recent quarter, the company reported a loss per share of 0.31, missing the consensus estimate of 0.18 by 0.13. Revenue reached 172.39 million, falling short of the 179.29 million expected. The firm reported a negative net margin of 16.55% and a return on equity of negative 25.67%. Year-over-year revenue declined by 0.6%. Analysts forecast a full-year EPS of negative 0.74.
4. Institutional Ownership and Recent Stake Changes
Institutional investors and hedge funds hold 95.75% of the company’s shares. In the second quarter, Glass Jacobson Investment Advisors acquired a new position valued at 30,000. Nisa Investment Advisors increased its stake by 98.2% to 2,129 shares (32,000 value), while Skandinaviska Enskilda Banken expanded its holding by 312.3% to 2,808 shares (42,000 value). In the third quarter, Larson Financial Group raised its position by 165.8% to 3,766 shares (30,000 value) and Bogart Wealth boosted its stake by 1,150% to 5,000 shares (40,000 value).