TD Cowen analyst Andrew Charles maintains $Sweetgreen (SG.US)$ with a buy rating, and adjusts the target price from $43 to $45.
According to TipRanks data, the analyst has a success rate of 59.8% and a total average return of 13.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Sweetgreen (SG.US)$'s main analysts recently are as follows:
Sweetgreen's robust third-quarter outcomes, along with notable same-store sales growth, an uplifted forecast for FY24, and solid plans for development through 2025, have positively influenced the perception of the company's performance and prospects.
Sweetgreen's valuation appears to reflect its current standing, having risen significantly over the year. Although the Infinite Kitchen initiative is expected to bolster productivity and expedite unit expansion in the long term, the immediate growth drivers for the near term seem to have been incorporated into the current share price.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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