February 11th, I published a short thesis for $SG and how I believed that overpriced salads were indeed overpriced.

At the time of the article, I already had a short position in the name via PUT contracts and the stock was trading at ~$30.

I had two PTs based on a median and average multiple. $22.70 and $21.61, respectively.

As of now, the median PT has been hit and the stock is narrowing in on the average PT.

If you'd like to read why I took a short position in the stock and why I also think it has more room to fall, take a look at my article below.