How to Buy Sweetgreen Stock
Sweetgreen Inc
Sweetgreen is a restaurant company located in California, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker SG on the NYSE exchange.
Sweetgreen stock last closed at $20.65, down 0.91% from the previous day, and has increased 171.71% in one year. It has overperformed other stocks in the Restaurants industry by 1.42 percentage points. Sweetgreen stock is currently +184.83% from its 52-week low of $7.25, and -21.93% from its 52-week high of $26.45.
There are currently 112.98M shares of SG outstanding. The market cap of SG is $2.33B. In the last 24 hours, 1.41M SG shares were traded.
How to Buy Sweetgreen Stock
Not sure how to invest in Sweetgreen stock? Here's how.
- Choose where to buy Sweetgreen stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you choose where to buy Sweetgreen stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Pick your payment method and add your info.
- Research Sweetgreen stock: The Sweetgreen ticker symbol is SG. Is Sweetgreen stock a good investment? Should you buy shares of SG? How do SG's underlying business fundamentals look? Do top analysts think Sweetgreen is a good buy? Why has SG's stock price moved recently? (Hint: Our stock research tools can help you decide if SG is a good stock to buy).
- Make your SG purchase: Decide if you will purchase SG shares at the current market price or use a limit order to buy SG stock at a given price.
- Keep an eye on your SG investment: Create a watchlist to important notifications about your investment in Sweetgreen shares.
Step 1: Choose where to buy Sweetgreen stock
You need an online brokerage account in order to access the NYSE market and buy SG stock.
Our recommended brokerage: eToro
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Get $10 towards your purchase of stock by opening an account with eToro today.
Open eToro AccountStep 2: Open your brokerage account
Now that you've picked the right brokerage, the next step is to fill out some personal info so you are able to buy SG today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to create a new trading account.
- Send your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've filled out your info on a good stock buying app, you need to deposit funds:
Watch this video walkthrough if you need help transferring money into your new investment account.
Step 4: Research Sweetgreen stock
After you have selected the best place to buy Sweetgreen stock, it's very important to analyze their stock prior to buying, so you truly understand the risk and opportunity.
Sweetgreen Metrics
Sweetgreen Fundamentals
WallStreetZen was built to help everyday investors do more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on SG's stock page.
Is SG stock overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge SG's intrinsic value.
Using relative valuations methods:
- SG could be undervalued based on its P/B ratio of 4.83x, relative to Restaurants industry P/B ratio of -401.83x
You can access additional valuation analysis on SG's stock here.
Is SG a healthy company?
Passed Health Checks:
- SG has $257.36M in cash and short term investments. This is sufficient to cover its annual cash burn of $63.19M.
- SG has cash burn of 63192000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the SG balance sheet.
- SG profit margin has gone up from -40.5% to -19.4% in the past year.
Failed Health Checks:
- There are more long-term liabilities than short-term assets on the SG balance sheet.
- SG has a relatively high debt to equity ratio of 0.78.
Is Sweetgreen stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 8 sell side analysts who monitor SG, the consensus analyst rating on Sweetgreen is a Buy
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
Most Recent SG Analyst Ratings
Brian Mullan, a top 4% analyst from Piper Sandler maintains SG with a strong buy rating and raises their SG price target from $16.00 to $19.00, on Mar 1, 2024.
Piper Sandler's Brian Mullan raised their price target on Sweetgreen (NYSE: SG) by 18.8% from $16 to $19 on 2024/03/01. The analyst maintained their Strong Buy rating on the stock.
Sweetgreen's "quite solid" results, with quarterly same-store sales and restaurant-level margins both coming in comfortably ahead of consensus, were the catalyst for their price target hike, Mullan said after assessing the company's Q4 and FY 2023 print, released on 2024/02/29.
Earnings Report
Sweetgreen reported:
For Q4 2023:
- Loss per share of $0.24, which missed the Zacks Consensus Estimate of $(0.23) but beat, by 45.5%, Q4 2022's $(0.44).
- Revenue of $153M, which beat the Zacks Consensus Estimate of $151M and, by 29.1%, Q4 2022's $118.6M.
- Adjusted EBITDA of $(1.8M), up from Q4 2022's $(17.9M).
For FY 2023:
- Loss per share of $1.01, up from FY 2022's $(1.73).
- Revenue of $584M, up from FY 2022's $470.1M.
- Adjusted EBITDA of $(2.8M), up from FY 2022's $(49.9M).
Management guided:
For Q1 2024:
- Revenues of $150M to $154M.
- Adjusted EBITDA of $(4M) to $(2M).
- To open 5 to 6 new restaurants.
For FY 2024:
- Revenues of $655M to $670M.
- Adjusted EBITDA of $8M to $15M.
- To open 23-27 new restaurants.
CEO & Co-Founder Jonathan Neman commented: “2023 was a strong year for Sweetgreen. We continued to demonstrate high growth, substantial operating leverage and executed on significant innovation across the business.
"In Q4, we expanded restaurant-level profit margins by 500 bps compared to 2022, and our guidance calls for Adjusted EBITDA profitability in 2024.
“We have a strong foundation to build off in 2024, and we will continue to focus on menu innovation, great restaurant operations, and the Infinite Kitchen to capture demand and drive traffic. I couldn't be more optimistic and excited for the year ahead.”
Jon Tower, a top 6% analyst from Citigroup maintains SG with a hold rating and raises their SG price target from $12.00 to $13.00, on Feb 21, 2024.
John Ivankoe, a top 9% analyst from JP Morgan maintains SG with a strong buy rating and lowers their SG price target from $14.00 to $13.00, on Nov 8, 2023.
You can dig deeper into what analysts are saying on the Sweetgreen stock forecast page.
SG Technical Indicators
SG Revenue
Last year, SG revenue was $584.04M. During the last 4 year, SG's revenue has grown by 20.81% per year. This was faster than the Restaurants industry average of 8.77%.
Learn more about SG's earnings and revenue performance here.
Who is buying/selling SG?
Over the last 12 months, executives and large shareholders at SG have sold more shares than they have bought.
Mitch Reback, CHIEF FINANCIAL OFFICER of SG, was the latest SG insider to sell. They sold $619,269.75 worth of SG stock on Mar 12, 2024.
Learn more about who owns SG stock here.
Does SG provide a stable income stream?
No, Sweetgreen doesn't provide an income stream by paying out dividends.
SG Social Trading Data
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your SG purchase
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally fine. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a specific dollar amount, place a limit order.
Click the Open button and eToro will execute the order.
If you want additional assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Keep an eye on your SG investment
Now that you own some SG shares, you'll want to keep up with your shares.
Start a watchlist to get notified of important updates regarding your SG stock.
SG Feed
How to Buy Stock in Sweetgreen
To reiterate, here are the 6 steps to buy stock in Sweetgreen:
- Choose where to buy Sweetgreen stock
- Open your brokerage account
- Deposit funds into your investment account
- Research Sweetgreen stock
- Make your SG purchase
- Keep an eye on your SG investment
If you are looking for a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep tabs on your new investment in Sweetgreen, create a watchlist on WallStreetZen today.
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