TPI Composites files for Chapter 11 bankruptcy, plans delisting from Nasdaq
Sweetgreen stock reached a new 52-week low, touching 12.29 USD, significantly below its 52-week high of 45.12 USD. Over the past year, the company’s stock has faced significant challenges, reflected in a steep decline of 60.54%. According to InvestingPro data, analysts maintain a moderate buy consensus with price targets ranging from 15 to 30 USD, though two analysts have recently revised their earnings expectations downward. This downturn highlights ongoing investor concerns and market volatility impacting Sweetgreen. The stock’s performance contrasts sharply with previous highs, underscoring the hurdles the company faces in regaining investor confidence and stabilizing its market position. InvestingPro’s Financial Health Score indicates a "FAIR" rating, with the company maintaining a healthy current ratio of 1.97 despite operating challenges. For deeper insights into Sweetgreen’s valuation and growth prospects, access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Sweetgreen Inc. reported its first-quarter 2025 earnings, showing a slight revenue increase to $166.3 million, surpassing expectations by $500,000. Despite this, the company’s earnings per share remained at a negative $0.21, aligning with forecasts. Analysts from Barclays (LON:BARC) initiated coverage of Sweetgreen with an equalweight rating and a $16.00 price target, citing strong growth metrics but expressing concerns over valuation challenges. Meanwhile, TD Cowen reiterated a Buy rating with a $25.00 price target, highlighting Sweetgreen’s revamped loyalty program as a positive development. The loyalty program, which began in April, has shown increased customer engagement and is expected to positively influence performance in upcoming quarters. Sweetgreen is also planning to open over 40 new restaurants in 2025, aiming for revenue between $740 million and $760 million. As the company navigates a challenging sales environment, its strategic initiatives, including menu innovations and loyalty program enhancements, are seen as key drivers for future growth.
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