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Investing.com - Piper Sandler has reduced its price target on Sweetgreen Inc (NYSE:SG) to $12.00 from $20.00 while maintaining a Neutral rating following the company’s second-quarter results. The stock, currently trading at $12.66, sits near its 52-week low of $11.84, having declined over 60% year-to-date. According to InvestingPro data, analyst targets for the stock range from $10 to $27.
Sweetgreen reported same-store sales declined 7.6% in the second quarter, falling short of consensus expectations of a 5.5% decrease. The results indicate a softening of trends in May and June, as the company had previously disclosed April sales were down by mid-single digits. Despite these challenges, InvestingPro analysis shows the company maintains strong liquidity with a current ratio of 1.97, and revenue growth remains positive at 11.1% over the last twelve months. Get access to 8 more key ProTips and comprehensive analysis with InvestingPro.
Management noted that third-quarter sales to date are also "firmly negative," though performing "modestly better" than the second quarter. The salad chain has subsequently reduced its full-year 2025 same-store sales guidance to a decline of 4% to 6%, down from its previous projection of approximately flat sales.
The company also lowered its restaurant-level margin guidance to 17.5% from 19.5% previously, and cut its adjusted EBITDA guidance to approximately $12.5 million at the mid-point, down from $30 million in its earlier forecast.
Piper Sandler expressed continued belief in the brand’s long-term growth potential despite the current challenges, but acknowledged the stock would likely face pressure following these results.
In other recent news, Sweetgreen Inc. announced its financial results for the second quarter of 2025, which revealed a larger-than-expected loss and a revenue shortfall. The company reported an earnings per share (EPS) of -$0.20, significantly missing the forecasted -$0.09 EPS. Revenue was $185.6 million, which did not meet the anticipated $193.43 million. These results have been notable for investors as they evaluate the company’s financial health. Analysts had expected better performance, and the earnings miss was a key point of concern. The financial figures have prompted discussions among investment analysts about the company’s future prospects. This recent development highlights the importance of monitoring Sweetgreen’s financial strategies moving forward.
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