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6 stories mentioning SGUpdated 15d ago

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Wire

Sweetgreen Faces Traffic Headwinds Amid Cyclospora Outbreak, RBC Says

Sweetgreen (SG) quantified notable Q3 same-store sales impact through July from the Cyclospora outbreak, even though the company is not directly affected, as consumers show broader aversion to fresh produce, RBC Capital Markets said in a note Friday.The firm said the impact from a jalapeno recall issued the day before the earnings call is not reflected in guidance.RBC said wraps have been less incremental than expected, with the national rollout underperforming test markets as stronger results in higher brand awareness markets like New York failed to translate systemwide.The firm also noted 2027 unit growth coming down, with the company's guidance at or below 2026's 13 net adds, below Street estimates of 16.RBC lowered its Q3 same-store sales estimates by 600 basis points citing less traffic from the Cyclospora outbreak and Q4 estimates by 450 basis points on continued traffic headwinds.RBC maintained its outperform rating on the stock but lowered its price target to $6.50 from $7.00.Price: $5.39, Change: $-0.48, Percent Change: -8.18%

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Wire

Sweetgreen's Q2 Results to Focus on Cyclospora Impact on Same-Store-Sales Growth, Outlook, RBC Says

Sweetgreen's (SG) Q2 results are expected to focus on the impact of Cyclospora on the company's quarter-to-date same-store-sales growth and its outlook, RBC Capital Markets said in a note Monday.The company is scheduled to report Q2 results on Aug. 6.While Sweetgreen is not directly impacted, a broader consumer pullback from produce will likely have a near-term impact, though the magnitude and duration of the impact is unclear as the situation is still developing, the brokerage said.RBC believes this could eventually create a buying opportunity for investors, though amid the recent volatility, management may choose to lower full-year 2026 same-store-sales growth guidance, according to the note.An important point of discussion during the earnings call will be the sustainability of wrap demand, as repeat rates remain unclear. The key question will be whether wraps are reengaging lapsed customers and driving frequency for salads and plates as well, the note added.RBC kept an outperform rating on Sweetgreen with a price target of $7.Price: $6.33, Change: $+0.16, Percent Change: +2.51%

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Wire

BofA Securities Adjusts Price Target on Sweetgreen to $8 From $8.90

Sweetgreen (SG) has an average rating of hold and mean price target of $8, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $6.67, Change: $-0.39, Percent Change: -5.52%

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Wire

Sweetgreen Shares Rise After JPMorgan Upgrade

Sweetgreen (SG) shares rose 9.4% on Friday after JPMorgan upgraded the stock to overweight from neutral with a price target of $13 per share.Trading volume stood at over 7.7 million shares compared with a daily average of more than 4.6 million.Price: $9.85, Change: $+0.87, Percent Change: +9.63%

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Research

JPMorgan Upgrades Sweetgreen to Overweight From Neutral, Price Target is $13

Sweetgreen (SG) has an average rating of hold and mean price target of $7.73, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$SG
Wire

Sweetgreen Supported by Wraps Launch, Operational Improvements and Easier Comparisons, Oppenheimer Says

Sweetgreen (SG) could see better sales trends over the next few quarters as wraps, better store operations, easier comparisons, and improving margins support a recovery path, Oppenheimer said in a note emailed Wednesday.The national launch of wraps has created lower entry price points and could help same-store sales after early testing showed traffic gains, Oppenheimer said.Better operations under chief operating officer Jason Cochran, the wrap launch, and easier year-over-year comparisons are expected to support the improvement, the investment firm said.Restaurant margins could improve in H2 for the first time in six quarters, helped by cost opportunities and better sales, according to the note.Oppenheimer kept its outperform rating and raised its price target for Sweetgreen to $10 from $9, saying stronger results over the next few quarters could help rebuild investor confidence.Price: $8.84, Change: $+0.21, Percent Change: +2.43%

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