25-06-2025
RBC Capital Keeps Their Buy Rating on Sweetgreen (SG)
In a report released on June 23, Logan Reich from RBC Capital maintained a Buy rating on Sweetgreen (SG – Research Report), with a price target of $25.00. The company's shares closed yesterday at $13.33.
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Reich covers the Consumer Cyclical sector, focusing on stocks such as Starbucks, Domino's Pizza, and Chipotle. According to TipRanks, Reich has an average return of -10.8% and a 40.00% success rate on recommended stocks.
Sweetgreen has an analyst consensus of Moderate Buy, with a price target consensus of $23.00, representing a 72.54% upside. In a report released on June 16, Wells Fargo also initiated coverage with a Buy rating on the stock with a $19.00 price target.
Based on Sweetgreen's latest earnings release for the quarter ending March 30, the company reported a quarterly revenue of $166.3 million and a GAAP net loss of $25.04 million. In comparison, last year the company earned a revenue of $157.85 million and had a GAAP net loss of $26.07 million
Based on the recent corporate insider activity of 113 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SG in relation to earlier this year. Last month, Clifford Burrows, a Director at SG bought 19,200.00 shares for a total of $251,712.00.
