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 ...

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 ...

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 ...

CNBC's Jim Cramer told investors it could be wise to start buying stock of Sweetgreen, a salad chain that has been the best-performing restaurant company on the Russell 3000, according to FactSet. The stock took a dip on Tuesday after a downgrade from Piper Sandler. But Cramer wasn't deterred, saying thye report was part of a broader bearish outlook on the fast casual dining space. And despite the downgrade, the firm said its long-term outlook on the stock "remains bright." "If Sweetgreen stock keeps gettin ...

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 ...

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 ...

1 T I H 1 I LIF T t 4 Alex Potemkin We've read plenty of headlines in the mainstream media that consumers are starting to push back against price increases and trade down to cheaper goods, particularly when it comes to food. But if this is true, then the $15+ salads at Sweetgreen (NYSE:SG) aren't feeling the impact. The custom salad chain, best known more recently for pushing to automate its stores with robotic salad assembly, is seeing tremendous strength in same-store sales, with traffic increasing despit ...

Healthy fast-casual restaurant operator Sweetgreen Inc. NYSE: SG reported stellar metrics on its Q2 2024 earning report, causing shares to spike 29%. The healthy lifestyle salad and bowl restaurant chain saw a solid boost in traffic and sales. On the surface, the company missed bottom-line estimates by 4 cents and is still not profitable. However, a deeper look under the hood reveals an incredible improvement in same-store sales (SSS), jumping 9% YoY, causing adjusted EBITDA to surge to $12.4 million, up fr ...

MoMo Productions/DigitalVision via Getty Images Introduction On August 8, Sweetgreen (NYSE:NYSE:SG) released its Q2 earnings, and the company's stellar performance caused the stock to rise 26% following the release. Our strong buy report that we started in November 2023 has yielded an amazing stock return for our readers. After reviewing Sweetgreen's Q2 numbers, however, we are even more optimistic about this stock because multiple data indications indicated that Sweetgreen was about to go mainstream. We so ...

Sweetgreen, Inc. (SG) reported $184.64 million in revenue for the quarter ended June 2024, representing a yearover-year increase of 21.1%. EPS of -$0.13 for the same period compares to -$0.20 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $179.77 million, representing a surprise of +2.71%. The company delivered an EPS surprise of -18.18%, with the consensus EPS estimate being -$0.11. While investors scrutinize revenue and earnings changes year-over-year and how they compare wit ...