TD Cowen analyst Andrew Charles maintains $Sweetgreen (SG.US)$ with a buy rating, and maintains the target price at $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:
Following the 'solid' Q3 results, with notable same-store sales growth, enhanced guidance for FY24, and 'robust' development plans for 2025, Sweetgreen's future prospects appear favorable.
Following a significant 273% increase in share value year-to-date, it is perceived that Sweetgreen has reached a fair market valuation. Although the Infinite Kitchen initiative is expected to continue driving productivity and contribute to the company's rapid expansion, it is believed that the immediate near-term catalysts are already reflected in the current stock price.
The firm expressed confidence in purchasing shares of Sweetgreen on the decline, noting that sales met expectations even though EBITDA slightly missed. They emphasized that both the short-term and long-term narratives for the company remain intact.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
