Why Sweetgreen Inc’s (SG) Stock Is Up 6.55% (2024)

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Sweetgreen Inc before investing.

In this article, we go over a few key elements for understanding Sweetgreen Inc’s stock price such as:

Before we jump into Sweetgreen Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Sweetgreen, Inc. is a restaurant company. The Company, along with its subsidiaries, is engaged in developing a restaurant and lifestyle brand that serves healthy food at scale. It owns and operates approximately 221 restaurants in 18 states and Washington, D.C. It offers signature salads, warm bowls, and plates that are complemented by a seasonal menu that changes five times per year. In Addition, it offers diversified menu to provide customers with a variety of options, including broths, soups, desserts and beverages. It is also engaged in offering consumer packaged goods, such as dressing, sauces, or packaged produce. Its menu offering includes Core menu and Seasonal menu. The Core menu consists of Harvest Bowl, Kale Caesar, Shroomami, Guacamole Greens, Buffalo Chicken Bowl, Fish Taco, Crisp Rice Bowl, Chicken Pesto Parm, Super Green Goddess, Garden Cobb and Hot Honey Chicken. The Seasonal menu consists of Crispy Chicken, Elote Bowl, and Summer Fruits & Burrata.

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As of May 20, 2024, 4:02 PM, CST, Sweetgreen Inc’s stock price was $33.83.

Sweetgreen Inc is up 6.55% from its previous closing price of $31.75.

During the last market session, Sweetgreen Inc’s stock traded between $31.37 and $32.25. Currently, there are 112.77 million shares of Sweetgreen Inc stock available for purchase.

Unfortunately, Sweetgreen Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Sweetgreen Inc’s (SG) price is currently up 50.56% so far this month.

During the month of May, Sweetgreen Inc’s stock price has reached a high of $34.45 and a low of $18.77.

Over the last year, Sweetgreen Inc has hit prices as high as $34.45 and as low as $8.64. Year to date, Sweetgreen Inc’s stock is up 294.75%.

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Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 17, 2024, there were 2 analysts who downgraded Sweetgreen Inc’s stock and 5 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Sweetgreen Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Sweetgreen Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Sweetgreen Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Sweetgreen Inc (SG) by visiting AAII Stock Evaluator.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 17, 2024, Sweetgreen Inc has a weighted four-quarter relative price strength of 65.77%, which translates to a Momentum Score of 98 and is considered to be Very Strong.

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As of May 20, 2024, Sweetgreen Inc’s stock price is $33.83, which is up 6.55% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Sweetgreen Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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