The Crowd Is Buying Sweetgreen Stock. My Honest Take Isn't as Optimistic.
Wall Street loves Sweetgreen right now. The company's track record suggests caution, though.
Overview
A lot of people are buying Sweetgreen (NYSE: SG) shares these days. As of June 29, the fast-casual salad chain's stock has gained 90.4% from a deep trough near the end of March. Trading volumes are up in the past three months, short-seller interest is down, and the company's turnaround effort seems to be working.
That's Wall Street's conclusion at the moment, anyway. But I don't agree.
Details
You see, I think the wheels have come off Sweetgreen's expansion push, and they won't go back on.
Source
Originally published at www.fool.com.
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