Sweetgreen management is scheduled to meet with Oppenheimer on August 19. Oppenheimer is a financial services company that provides investment banking, trading, and research services. The meeting is expected to be hosted by Oppenheimer.
Sweetgreen management is scheduled to meet with Oppenheimer on August 19. Oppenheimer, a financial services company that provides investment banking, trading, and research services, is expected to host the meeting.
The meeting comes at a time when Sweetgreen's stock has been under pressure due to recent disappointing earnings reports. The company's share price hit a new 52-week low of $8.82 following a weaker-than-expected earnings announcement [2]. Analysts have downgraded their price targets for Sweetgreen, with TD Cowen reducing its target from $15.00 to $10.00 and Morgan Stanley from $22.00 to $17.00 [2].
Despite the recent poor performance, 95.75% of Sweetgreen's shares are held by institutional investors, indicating significant institutional faith in the company's future [2]. The meeting with Oppenheimer could provide an opportunity for Sweetgreen to address its recent challenges and provide investors with a clearer outlook on its future prospects.
References:
[1] https://seekingalpha.com/article/4814157-brinker-international-upside-remains-after-a-solid-q4
[2] https://www.marketbeat.com/instant-alerts/sweetgreen-nysesg-sets-new-1-year-low-following-weak-earnings-2025-08-08/
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