3 stories mentioning SGUpdated 38d ago
Every FINWIRES story that references SG, newest first.
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%
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://www..com/contact-us)
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%
