Sweetgreen Expands, Shares Jump 4.2%

Sweetgreens stock surged 4.2% in afternoon trading after announcing new Sacramento locations, marking their first entry into the market. RBC Capitals Logan Reich maintained a buy rating and $8 price target, despite the stocks volatile history. The stock closed at $7.03, up 5.5% from the previous day, but remains down 78.4% since the start of the year and 80.2% below its 52-week high.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.