TD Cowen Reiterates Buy Rating on Sweetgreen Inc (SG)

TD Cowen analyst Andrew Charles reiterated a Buy rating and $43.00 price target on Sweetgreen Inc (NYSE: SG).

The analyst commented, "Following our recent upgrade of sweetgreen, we are receiving recurring questions related to EBIT accretion associated with Infinite Kitchen (IK). Herein we walk through our math and conclude that IK's incremental benefits far outweigh the incremental costs. This includes a 56% cash-on-cash return on IK CapEx and a 70-130 bps contribution to net annual EBIT margin expansion."

For an analyst ratings summary and ratings history on Sweetgreen Inc click here. For more ratings news on Sweetgreen Inc click here.

Shares of Sweetgreen Inc closed at $34.95 yesterday.

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