Pre-earnings options volume in Sweetgreen (SG) is 2.9x normal with calls leading puts 7:5. Implied volatility suggests the market is anticipating a move near 13.5%, or 83c, after results are released. Median move over the past eight quarters is 19.6%.
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Read More on SG:
- Sweetgreen price target lowered to $6.50 from $7.50 at UBS
- Sweetgreen put volume heavy and directionally bearish
- Sweetgreen price target raised to $5.60 from $5 at Goldman Sachs
- Sweetgreen price target lowered to $9 from $10 at Morgan Stanley
- Sweetgreen price target raised to $8.75 from $7.75 at BofA