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Sweetgreen Stock Makes Another Massive Post-Earnings Move
SGSweetgreen(SG) Schaeffers Investment Research·2024-08-09 14:32

Sweetgreen Inc (NYSE:SG) is near the top of the New York Stock Exchange (NYSE) today, last seen up 22.1% to trade at 32.09.Whilethehealth−centric,fast−casualrestaurantreportedasteeper−than−expectedsecond−quarterloss,arevenuebeatandincreasedsame−storesalesoutlookisfuelingtheupsidetoday.Inresponse,fourbrokerageshikedtheirpricetargets,thehighestcomingfromOppenheimerto32.09. While the health-centric, fast-casual restaurant reported a steeper-than-expected second-quarter loss, a revenue beat and increased same-store sales outlook is fueling the upside today. In response, four brokerages hiked their price targets, the highest coming from Oppenheimer to 36 from $34. The stock is no stranger to outsized post-earnings moves, gapping higher 34% after in May an ...