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Shares of salad restaurant chain Sweetgreen (NYSE: SG) were up 166.7% in the first half of 2024, according to data provided by S&P Global Market Intelligence.This torrid move higher was punctuated ...
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 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.
Shares of Sweetgreen plunged more than 20% in extended trading Tuesday after the salad chain lowered its 2022 forecast.
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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.
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