Sweetgreen price target lowered to $25 from $30 at RBC Capital

RBC Capital analyst Logan Reich lowered the firm’s price target on Sweetgreen (SG) to $25 from $30 and keeps an Outperform rating on the shares. The company’s Q1 print was challenged as tariff announcements in early April coincided with a material softening of demand, driving same-store-sales down by mid-single-digits for the month, the analyst tells investors in a research note. Sweetgreen customers are clearly displaying sensitivity to recently elevated macro uncertainty, which is most pronounced in their largest markets, the firm adds.