Sweetgreen(SG)
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Sweetgreen: Infinite Kitchens Will Lead To Future Growth And Efficiencies
Seeking Alpha· 2024-09-10 14:32
Eoneren Since my previous review of Sweetgreen (NYSE:SG) back in May, the stock has slightly increased, although not as much as the S&P 500. Still, YTD the stock is up over 170%, far surpassing the S&P 500. Let's take a look at why this stock is soaring and dig into the company's recent financial performance. Innovation With A Renewed Focus On Employees During the quarter, Sweetgreen completed their first Infinite Kitchen retrofit, which occurred at the company's Penn Plaza location in New York City. The re ...
SG Unveils First Restaurant in Ohio, Expands Regional Presence
ZACKS· 2024-09-05 22:41
Sweetgreen, Inc. (SG) expands footprint with the opening of its first Ohio-based restaurant in the Short North. The new location follows significant interest from the Columbus market, which has been a key area for potential growth. Situated at 700 North High Street, the 3,605-square-foot restaurant will accommodate 46 diners and feature an open kitchen. The expansion into Ohio enables Sweetgreen to utilize its existing regional suppliers, which helps streamline operations and improve menu transparency. Stra ...
Sweetgreen Poised For Big EBITDA Boost with Tech Innovation, Robotic Kitchens to Drive Margin Expansion: Analyst
Benzinga· 2024-09-05 04:58
Sweetgreen Inc SG stock price picked up after TD Cowen analyst Andrew Charles upgraded it from Hold to Buy and raised its price target from $31 to $43. Charles vouched for Sweetgreen's long-term business given the intrinsic combination of transparent food sourcing and guest-facing technology, the two structural mega themes of the restaurant industry. The analyst is encouraged by execution that has improved 2024 traffic, likely sustaining in 2025. In the longer term, Sweetgreen's story is distinguished by In ...
Why Sweetgreen Dropped 17% This Week
The Motley Fool· 2024-08-31 01:33
Investors are wondering if the consumer can afford to buy more expensive salads. The restaurant sector took a bit of a hit this week with shares of Sweetgreen (SG -1.23%) taking the brunt of the move on news that consumers are cutting back in a lot of areas. Cava Group, another high-growth chain, also fell this week but Sweetgreen's move hit double digits. According to data provided by S&P Global Market Intelligence, shares of Sweetgreen had dropped 17.4% this week as of 1 p.m. ET on Friday and there may no ...
Where Will Sweetgreen Stock Be in 5 Years?
The Motley Fool· 2024-08-25 21:15
Shareholders hope that the current strong momentum can continue for a long time. Sweetgreen (SG 7.39%) is without question one of the best stocks of 2024. Its shares have skyrocketed some 200% since the start of the year. By comparison, the S&P 500 has produced a total return of 19%. Yet, this booming restaurant stock's monster performance hasn't been enough to prevent it from trading 36% below its late-2021 initial public offering (IPO) price. Investors might still be eyeing the business as a potential buy ...
Sweetgreen Stock: Buy, Sell, or Hold?
The Motley Fool· 2024-08-24 18:13
The fast-casual salad chain is still expanding at a healthy rate. Sweetgreen (SG 7.39%) has taken its investors on a wild ride since its IPO on Nov. 18, 2021. The fast-casual restaurant chain went public at $28, and it started trading at $52 before closing at a record high of $53 the following day. At the time, the market was dazzled by its rapid growth. The buying frenzy in growth stocks amplified those gains. But by March 27, 2023, Sweetgreen's stock had sunk to its all-time low of $6.31. The bulls retrea ...
Think Sweetgreen Stock Can Provide Chipotle-esque Returns? Here's 1 Stat to Keep in Mind.
The Motley Fool· 2024-08-22 17:32
Is the company's profit potential as big as Chipotle's? When it comes to investing in restaurant stocks, Chipotle Mexican Grill (CMG 3.45%) is the gold standard. A $10,000 investment when the company went public in 2006 is worth over $600,000 today. Its operating profit is up about 4,000% since going public, which is a big reason for its sensational returns. These sensational returns have investors constantly looking for the "next Chipotle," and salad-centric chain Sweetgreen (SG 4.04%) is commonly seen as ...
Cramer says it might be time to start building a position in Sweetgreen
CNBC· 2024-08-21 06:37
文章核心观点 - 根据FactSet数据,Sweetgreen是Russell 3000指数中表现最好的餐饮公司 [1] - Sweetgreen股价近期有所下跌,但Cramer认为这是由于行业整体看空情绪,而Sweetgreen的长期前景仍然看好 [2] - Sweetgreen已经摆脱了之前的亏损状态,通过推出新的产品选择(如蛋白质餐等)吸引了更多客户,提升了晚餐和周末的客流 [3][5] - Sweetgreen凭借专注于健康餐饮和针对高收入客户的定位,在当前快餐行业面临低收入消费者抵制的背景下保持了优势 [6] - Cramer建议投资者可以适当买入Sweetgreen股票,但考虑到即将进入股市季节性波动期,短期内股价可能会有一定波动 [7] 公司经营情况 - Sweetgreen年初至今股价上涨约193% [4] - 公司同店销售增长已经恢复,摆脱了疫情期间的放缓 [5] - 新推出的蛋白质餐等产品成为公司的增长动力 [5] - 公司的会员计划和数字订购系统也取得了进展 [6] 行业情况 - Sweetgreen在快餐行业中表现突出,同期Cava上涨超过128%,Brinker International(旗下包括Chili's)上涨超过54% [4] - 当前快餐行业面临低收入消费者的抵制,但Sweetgreen凭借专注健康餐饮和针对高收入客户的定位保持优势 [6]
1 Magnificent Stock Up 205% in 2024: Is It Too Late to Buy?
The Motley Fool· 2024-08-18 20:00
Bullish investors hope they can ride the momentum to big portfolio gains. It's been an encouraging year for investors. As of Aug. 13, the S&P 500 has climbed 14% and is trading just 4% off its peak price. The market might still believe that a recession can be avoided. However, some businesses have benefited more than others from the bullish tone. Fast-casual salad purveyor Sweetgreen (SG 1.63%) is in a league of its own. Its shares have skyrocketed 205% this year, a gain that would've tripled your money in ...
Sweetgreen Shares Surged on Strong Outlook. Is It Too Late to Buy the Stock?
The Motley Fool· 2024-08-17 16:00
With less than 250 locations, the restaurant chain has plenty of opportunity to expand its footprint. Shares of Sweetgreen (SG 1.63%) increased by more than 33% after the restaurant operator raised its outlook following strong second-quarter results. The stock has now tripled this year. Already one of the hottest stocks on the market, Sweetgreen may seem like a missed opportunity to anyone who was sitting on the sidelines during its post-earnings surge. But let's take a closer look at the company's most rec ...