KeyCorp Weighs in on Sweetgreen’s Q3 Earnings (NYSE:SG)

Sweetgreen, Inc. (NYSE:SG) – Analysts at KeyCorp reduced their Q3 2026 EPS estimates for shares of Sweetgreen in a research report issued to clients and investors on Monday, September 7th. KeyCorp analyst C. Carril now forecasts that the company will post earnings of ($0.31) per share for the quarter, down from their previous forecast of ($0.18). KeyCorp currently has a “Overweight” rating and a $9.00 price target on the stock. The consensus estimate for Sweetgreen’s current full-year earnings is ($0.98) per share. KeyCorp also issued estimates for Sweetgreen’s Q4 2026 earnings at ($0.31) EPS, FY2026 earnings at ($1.05) EPS and FY2027 earnings at ($0.88) EPS.

Sweetgreen (NYSE:SG) last posted its earnings results on Thursday, August 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.09). The business had revenue of $192.66 million for the quarter, compared to analysts’ expectations of $194.50 million. Sweetgreen had a net margin of 2.01% and a negative return on equity of 32.94%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.20) earnings per share.

Other research analysts also recently issued reports about the company. TD Cowen cut their price objective on Sweetgreen from $8.00 to $5.00 and set a “hold” rating for the company in a research report on Friday, August 7th. Weiss Ratings downgraded Sweetgreen from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. DA Davidson cut their price target on Sweetgreen from $7.00 to $5.50 and set a “neutral” rating for the company in a report on Monday, August 10th. Royal Bank Of Canada reduced their price objective on Sweetgreen from $7.00 to $6.50 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Finally, Wall Street Zen raised Sweetgreen from a “strong sell” rating to a “sell” rating in a research note on Sunday, August 16th. Five analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.21.

Sweetgreen Price Performance

Shares of NYSE SG opened at $6.70 on Thursday. The firm’s 50-day moving average is $6.71 and its two-hundred day moving average is $6.91. The company has a market capitalization of $798.04 million, a PE ratio of 67.05 and a beta of 2.20. Sweetgreen has a 12-month low of $4.49 and a 12-month high of $10.63.

Insider Activity at Sweetgreen

In related news, COO Jason Miles Cochran sold 4,809 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $6.21, for a total transaction of $29,863.89. Following the transaction, the chief operating officer owned 207,076 shares of the company’s stock, valued at approximately $1,285,941.96. This represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Jamie McConnell sold 15,033 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $6.21, for a total transaction of $93,354.93. Following the sale, the chief financial officer owned 210,489 shares in the company, valued at approximately $1,307,136.69. This trade represents a 6.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 18.19% of the company’s stock.

Hedge Funds Weigh In On Sweetgreen

A number of hedge funds have recently made changes to their positions in the business. Larson Financial Group LLC lifted its position in Sweetgreen by 165.8% during the 3rd quarter. Larson Financial Group LLC now owns 3,766 shares of the company’s stock worth $30,000 after acquiring an additional 2,349 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of Sweetgreen during the first quarter worth $38,000. Caitong International Asset Management Co. Ltd grew its holdings in Sweetgreen by 281.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 7,912 shares of the company’s stock valued at $53,000 after purchasing an additional 5,839 shares in the last quarter. Onyx Bridge Wealth Group LLC purchased a new stake in Sweetgreen during the 1st quarter worth $56,000. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in Sweetgreen during the 4th quarter worth $77,000. Hedge funds and other institutional investors own 95.75% of the company’s stock.

Sweetgreen Company Profile

Sweetgreen, Inc is a fast-casual restaurant chain specializing in salads, grain bowls and warm bowls that emphasize fresh, locally sourced ingredients. Since its founding in 2007 by Jonathan Neman, Nicolas Jammet and Nathaniel Ru, Sweetgreen has focused on sustainable agriculture, working with regional farmers across the United States to provide seasonal produce and promote environmentally responsible sourcing practices. The company’s menu features a variety of plant-forward options, including custom-build salads, chef-curated bowls and limited-time offerings that reflect changing harvests.

Sweetgreen operates a technology-driven service model that combines in-store experiences with digital ordering through its mobile app and website.