BofA lowered the firm’s price target on Sweetgreen (SG) to $7.75 from $9.50 and keeps a Neutral rating on the shares. The firm lowered its same-store sales growth and EBITDA estimates “sharply” as it anticipates continued pressure across the system owing to broader industry headwinds, the analyst tells investors in a post-earnings note.
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Read More on SG:
- Sweetgreen price target lowered to $9 from $12 at Piper Sandler
- Sweetgreen’s Strategic Adjustments Amidst Financial Challenges: A Hold Rating Perspective
- Sweetgreen price target lowered to $5 from $8 at Barclays
- Sweetgreen downgraded to Market Perform from Outperform at William Blair
- Sweetgreen’s Struggle: Hold Rating Amid Declining Sales and Uncertain Recovery