Sweetgreen (SG) Surges 12.8%: Is This an Indication of Further Gains?

Sweetgreen, Inc. (SG) shares ended the last trading session 12.8% higher at $34.98. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 33.3% gain over the past four weeks. Shares of SG are expected to have increased on the back of its notable gains from net new restaurant openings, favorable menu pricing and operation excellence. The increase in its fiscal 2024 outlook along with its aim of expanding its robotic kitch ...