Blurbs

J.P. Morgan Remains a Buy on Sweetgreen (SG)

J.P. Morgan analyst John Ivankoe maintained a Buy rating on Sweetgreen (SGResearch Report) yesterday and set a price target of $18.00. The company’s shares closed yesterday at $13.70.

According to TipRanks, Ivankoe is a 5-star analyst with an average return of 10.4% and a 68.93% success rate. Ivankoe covers the Services sector, focusing on stocks such as McDonald’s, Shake Shack, and Sweetgreen.

Sweetgreen has an analyst consensus of Strong Buy, with a price target consensus of $20.25, implying a 47.81% upside from current levels. In a report released yesterday, Cowen & Co. also maintained a Buy rating on the stock with a $19.00 price target.

See the top stocks recommended by analysts >>

The company has a one-year high of $56.20 and a one-year low of $10.78. Currently, Sweetgreen has an average volume of 1.62M.

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SG in relation to earlier this year. Last month, Neman Jonathan, the CEO of SG sold 200.00 shares for a total of $4,000.00.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on SG:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More