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Shares of fast-casual salad chain Sweetgreen (NYSE: SG) were moving higher today as the company got a bullish note from a Wall Street analyst. The stock was up 4.5% at 1:50 p.m. ET.
Thanks to the stock's huge gain this year, it now trades at a price-to-sales ratio of 5.8, a sizable premium to its historical average. In my opinion, this looks rich at the current level.
Shares of Sweetgreen plunged more than 20% in extended trading Tuesday after the salad chain lowered its 2022 forecast.
SG PS Ratio data by YCharts.PS = price to sales. Some investors would say a P/S of 4 is still too expensive for Sweetgreen stock. And I'd agree, with one caveat: I question how well the company ...
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Sweetgreen stock ... The new price target reflects a 30% increase from its stock price at the time the note was published ($13.40). SG was trading at $14.81 per share midday Thursday.
The stock's price-to-sales (P/S) valuation is currently 5.6, ... Jeremy Bowman (Sweetgreen): One of the most underrated growth stocks in the market right now might be Sweetgreen. Sweetgreen is ...
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