Why Sweetgreen Inc. (SG) Performed Worst On Monday?

Insider Monkey
04-22

We recently published a list of 10 Firms Mirror Wall Street Bloodbath. In this article, we are going to take a look at where Sweetgreen Inc. (NYSE:SG) stands against other best worst-performing companies on Monday

Wall Street kicked off the trading week on a sour note anew as investors continued to digest the impact of President Donald Trump’s tariff policies and his criticism of the Federal Reserve.

The tech-heavy Nasdaq fell the most among the major indices, down 2.55 percent, followed by the Dow Jones at 2.48 percent, and the S&P 500 at 2.36 percent.

Ten companies mirrored the market bloodbath, booking significant losses during the day. In this article, we have listed the 10 worst-performing companies on Monday and detailed the reasons behind their declines.

To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.

A grinning customer being handed a gift card to enjoy their next meal.

Sweetgreen Inc. (NYSE:SG)

Sweetgreen extended its losing streak for a fourth straight day on Monday, slashing 8.23 percent to close at $16.96 apiece as investor sentiment was dampened by the resignation of its chief operating officer.

Last week, SG announced that its COO, Rossann Williams, has resigned from her position effective on April 16. The company did not divulge the reason for the resignation, nor if it was searching for a new COO to take over. However, Williams will remain as a consultant until June 1.

Williams became COO in February 2024, replacing Chris Carr, who left the company after two years in service.

In other news, Bank of America lowered its price target for SG to $31 from $36 previously. The new price target represented an 83 percent upside from its closing price on Monday.

SG is a fast food chain that offers healthy salads and grain bowls.

Overall, SG ranks 5th on our list of worst-performing companies on Monday. While we acknowledge the potential of SG as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SG but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.

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