27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Sweetgreen (NYSE:SG) underwent analysis by 11 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 7 | 2 | 2 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 3 | 1 | 0 | 0 |
| 2M Ago | 0 | 2 | 1 | 1 | 0 |
| 3M Ago | 0 | 1 | 0 | 1 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $18.55, a high estimate of $34.00, and a low estimate of $10.00. Marking an increase of 27.93%, the current average surpasses the previous average price target of $14.50.
Analyzing Analyst Ratings: A Detailed Breakdown
The perception of Sweetgreen by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Brian Bittner | Oppenheimer | Raises | Outperform | $34.00 | $17.00 |
| Rahul Krotthapalli | JP Morgan | Raises | Overweight | $28.00 | $20.00 |
| Andrew Charles | TD Cowen | Raises | Market Perform | $17.00 | $15.00 |
| Rahul Krotthapalli | JP Morgan | Raises | Overweight | $20.00 | $13.00 |
| Christopher Carril | RBC Capital | Raises | Outperform | $20.00 | $13.00 |
| Brian Harbour | Morgan Stanley | Raises | Underweight | $11.00 | $10.00 |
| Brian Bittner | Oppenheimer | Raises | Outperform | $17.00 | $15.00 |
| Brian Mullan | Piper Sandler | Raises | Overweight | $19.00 | $16.00 |
| Jon Tower | Citigroup | Raises | Neutral | $13.00 | $12.00 |
| Brian Harbour | Morgan Stanley | Announces | Underweight | $10.00 | - |
| Brian Bittner | Oppenheimer | Raises | Outperform | $15.00 | $14.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Sweetgreen. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Sweetgreen compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Sweetgreen's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Capture valuable insights into Sweetgreen's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Sweetgreen analyst ratings.
Discovering Sweetgreen: A Closer Look
Sweetgreen Inc is a next-generation restaurant and lifestyle brand that serves healthy food at scale. It is creating plant-forward, seasonal, and earth-friendly meals from fresh ingredients and produce that prioritizes organic, regenerative, and local sourcing.
Financial Milestones: Sweetgreen's Journey
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Sweetgreen's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 29.06%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Sweetgreen's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -17.91%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Sweetgreen's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -5.58%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Sweetgreen's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -3.16%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Sweetgreen's debt-to-equity ratio is below the industry average. With a ratio of 0.63, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Understanding the Relevance of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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