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home / news releases / sweetgreen downgrade to hold as valuation has gone u

SG - Sweetgreen: Downgrade To Hold As Valuation Has Gone Up

Sweetgreen Inc. Class A

2024-06-14 05:55:02 ET

Summary

  • Sweetgreen stock rating was downgraded from buy to hold due to limited upside.
  • I see potential for the new product Steak's to drive growth, but I have concerns about adoption due to pricing in current economic environment.
  • Focus on labor-management strategies expected to drive growth and margin improvements.

Investment overview

For further details see:

Sweetgreen: Downgrade To Hold As Valuation Has Gone Up
Stock Information
Company Name: Sweetgreen Inc. Class A
Stock Symbol: SG
Market: NASDAQ
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