Sweetgreen: Running Out Of Steam (Rating Downgrade)

Jan. 26, 2023 4:28 PM ETSweetgreen, Inc. (SG)5 Comments


  • We are downgrading Sweetgreen, Inc. from a "HOLD" to a "SELL" based on its poor Q3 2022 earnings report.
  • Sweetgreen is seeing rapid deceleration in growth and weakening of the balance sheet.
  • New efforts and initiatives appear to not be gaining traction.

Breakfast Salad


Update on Rating

We initiated coverage on Sweetgreen, Inc. (NYSE:SG) on October 26th, 2022 with a "HOLD" rating due to major risks for the stock. We cited high valuations and macroeconomic risks as catalysts for the stock to go down. Our

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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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