Sweetgreen, Inc. (SG) Soars 7.9%: Is Further Upside Left in the Stock? [Yahoo! Finance]
Sweetgreen, Inc. (SG)
Company Research
Source: Yahoo! Finance
This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 67.8% gain over the past four weeks. Sweetgreen's rally is buoyed by optimism regarding the company's strength in menu innovation, supply chain advancements and cutting-edge technology integration. Also, emphasis on strategic initiatives aimed at increasing traffic to drive positive same-store sales growth bode well. The strategy encompasses accelerating culinary innovation, refining the rewards program, optimizing throughput, ensuring excellent restaurant operations and increasing advertising expenditure. This company is expected to post quarterly loss of $0.21 per share in its upcoming report, which represents a year-over-year change of +27.6%. Revenues are expected to be $150.93 million, up 20.7% from the year-ago quarter. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock,
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SG
News
- Sweetgreen, Inc. (NYSE: SG) had its price target raised by analysts at Citigroup Inc. from $16.00 to $25.00. They now have a "neutral" rating on the stock.MarketBeat
- Sweetgreen, Inc. (NYSE: SG) had its price target raised by analysts at Morgan Stanley from $11.00 to $16.00. They now have an "underweight" rating on the stock.MarketBeat
- Sweetgreen to Announce First Quarter 2024 Results on May 9, 2024Business Wire
- Sweetgreen, Inc. (NYSE: SG) had its "hold" rating re-affirmed by analysts at TD Cowen. They now have a $17.00 price target on the stock.MarketBeat
- Sweetgreen, Inc. (NYSE: SG) had its price target raised by analysts at Oppenheimer Holdings Inc. from $17.00 to $34.00. They now have an "outperform" rating on the stock.MarketBeat
SG
Earnings
- 2/29/24 - Miss
SG
Sec Filings
- 4/22/24 - Form DEFR14A
- 4/19/24 - Form ARS
- 4/19/24 - Form DEFA14A
- SG's page on the SEC website