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In a challenging market environment, Sweetgreen Inc. (SG) has seen its stock price touch a 52-week low, dipping to $18.62. With a market capitalization of $2.32 billion and a year-to-date decline of 38.27%, the company faces significant headwinds according to InvestingPro data. The popular fast-casual salad chain, known for its focus on sustainability and healthy eating options, has faced a tough year, with its stock price reflecting a significant downturn. Despite revenue growth of 15.89% and a healthy current ratio of 2.02, Sweetgreen’s shares have experienced a decline of 9.74%, indicating investor concerns over the company’s performance and potential headwinds in the fast-casual dining sector. Despite the broader market’s volatility, Sweetgreen’s commitment to innovation and expansion continues as it adapts to the evolving consumer landscape. Analysts maintain price targets ranging from $24 to $39, with the next earnings report scheduled for May 8, 2025. For deeper insights into Sweetgreen’s financial health and growth prospects, explore the comprehensive analysis available on InvestingPro.
In other recent news, Sweetgreen Inc. reported its fourth-quarter 2024 earnings, which did not meet analyst expectations. The company posted an earnings per share (EPS) of -$0.25, missing the forecast of -$0.20, and revenue of $160.9 million, slightly below the anticipated $163.4 million. Despite these misses, Sweetgreen achieved a 15% increase in full-year sales to $676.8 million and reported its first full year of positive adjusted EBITDA at $18.7 million. Analysts have adjusted their outlooks in light of these results, with UBS lowering its price target from $45 to $35 while maintaining a Buy rating, citing near-term challenges such as weather conditions and wildfires. Similarly, RBC Capital Markets reduced its target to $30 from $45, maintaining an Outperform rating, as Sweetgreen’s 2025 guidance did not meet market expectations. TD Cowen also cut its price target to $33 from $45 but kept a Buy rating, noting the company’s strategic growth initiatives such as new store openings and kitchen automation. Piper Sandler maintained a Neutral rating with a $27 target, expressing cautious optimism about Sweetgreen’s long-term growth potential despite current market volatility.
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