Sweetgreen Gains Following Goldman Sachs Upgrade

By Sam Boughedda

Investing.com — Shares of Sweetgreen Inc (NYSE:) rose 10% after constructive feedback on the corporate from Goldman Sachs analyst Jared Garber.

The analyst hosted an investor assembly with the corporate’s co-founder and CEO, Jonathan Neman, CFO Mitch Reback, and investor relations head Rebecca Nounou. 

Sweetgreen just lately reported fourth-quarter earnings, posting spectacular gross sales progress and a constructive outlook.

Garber instructed buyers that the assembly was “broadly constructive” and that “Sweetgreen continues to execute on its main unit progress.

“Prime-line traits broadly recovered in February from challenges in Dec/Jan from the Omicron wave, and administration was constructive on the tempo of city restoration (notably NYC) as markets re-open and return-to-work traits speed up,” defined the analyst.

Goldman’s is “incrementally constructive on SG’s progress technique and imaginative and prescient to develop a number one restaurant-lifestyle model,” he concluded.