Shares of Sweetgreen (NYSE:SG) rose 4.2% as the company announced expansion into the Sacramento market with two new locations, marking its first entry into the area and signaling continued growth. RBC Capital analyst reiterated a “Buy” rating with an $8 price target. The stock closed at $7.03, up 5.5% from the previous close. Market indicates news is meaningful but not game-changing. Sweetgreen is down 78.4% YTD, trading 80.2% below its 52-week high. Previous positive moves included launch of Tis the Seasoned Harvest Bowl and analyst raising price target. Analysts see strong growth potential.

Read more at StockStory.org: Sweetgreen (SG) Stock Trades Up, Here Is Why