Sweetgreen slips after JP Morgan cuts PT

SWEETGREEN

12/05/2025 17:08

** Shares of salad chain Sweetgreen SG.N fall 1% to $15.1

** JP Morgan cuts PT to $20 from $25

** SG's sales were particularly challenged across overindexed markets, especially New York City, Boston, Los Angeles and D.C., that broadly account for ~40% of store base - JP Morgan

** Consumers are more sensitive to prices and a reinvigorated focus on that remains important for SG  - brokerage

** A tempered impact on SG can be expected once tariff rates reset for the near-medium term, JPM says

** Up to last close, SG has slumped 52.5% YTD

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com;))