Sweetgreen initiated with a Neutral at DA Davidson

As previously reported, DA Davidson analyst Matt Curtis initiated coverage of Sweetgreen (SG) with a Neutral rating and $5.50 price target The firm noted that Sweetgreen is a “meaningfully differentiated concept with strong consumer appeal”, but feels that despite Sweetgreen’s low valuation of just 0.6 times its FY26 sales estimate, “patience is warranted pending evidence of progress.”