Sweetgreen price target lowered to $30 from $45 at RBC Capital

RBC Capital analyst Logan Reich lowered the firm’s price target on Sweetgreen (SG) to $30 from $45 but keeps an Outperform rating on the shares. The company’s Q4 revenue was largely in-line, but SSS came in 190 bps below expectations and the management’s 2025 SSS guidance was 210 bps below consensus as the combination of LA fires, colder weather, and holiday timing are weighing on Q1 performance in particular, the analyst tells investors in a research note. RBC adds however that the management expects to increase the pace of menu innovation, launch loyalty, ramp marketing investments through the year, which should support accelerating comps.