Think Sweetgreen Stock Can Provide Chipotle-esque Returns? Here's 1 Stat to Keep in Mind.
SGSweetgreen(SG) 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 10,000investmentwhenthecompanywentpublicin2006isworthover10,000 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 a ...