Robot chefs Nevertheless, that operating margin spread is too wide to ignore. Sweetgreen management aims to open seven new Infinite Kitchen-equipped restaurants this year and retrofit three or four existing outlets with the system. That'll cost a pretty penny, sure, but the company's wallet is relatively fat. At the end of the aforementioned quarter it held nearly $244 million in cash in its coffers, and the machines clearly have vast, bottom-line-lifting potential. The improvements should continue. The com ...

The fast-casual salad chain was up thanks to a bullish note from an analyst. Shares of fast-casual salad chain Sweetgreen (SG 4.26%) were moving higher today as the company got a bullish note from a Wall Street analyst. The stock was up 4.5% at 1:50 p.m. ET. Sweetgreen stock could be a buy heading into its earnings report Oppenheimer analyst Brian Bittner weighed in on Sweetgreen this morning, calling the restaurant stock a top pick heading into its second-quarter earnings report on Aug. 8. A recent pullbac ...

During its testing phase in Boston, the Caramelized Garlic Steak quickly became a dinner-time favorite. In fact, 20% of all dinner orders included steak. The market test was an unbridled success as it started to roll out steak across all its restaurants. In 2021, Sweetgreen acquired Spyce, a restaurant that uses automated robots designed by MIT engineers to prepare lunch bowls. This acquisition was seen as a stepping stone for future restaurant concepts leading up to its IPO. Projected Earnings Growth Growi ...

Can either of these stocks become the next big restaurant chain and create shareholder value? If you enjoy a good fast-casual meal, you might have already sampled the Mediterranean-style offerings at Cava Group (CAVA)'s restaurants or the healthy-oriented fare at Sweetgreen (SG 1.38%). You might even have a favorite dish, but which of these hot stocks is the better buy? Healthy and growing Cava and Sweetgreen operate similar models. Both are small but growing restaurant chains with the fast-casual model and ...

Investors will be eagerly watching for the performance of Sweetgreen, Inc. in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 8, 2024. In that report, analysts expect Sweetgreen, Inc. to post earnings of -$0.11 per share. This would mark year-over-year growth of 45%. At the same time, our most recent consensus estimate is projecting a revenue of $180.03 million, reflecting a 18.03% rise from the equivalent quarter last year. Empirical research indicates that t ...

And yet one name is leading the pack: Sweetgreen (NYSE:SG), the fast-casual salad concept, which has seen its share price surge more than 120% year to date. Sweetgreen's suocess in the stock market this year isn't just an expression of strong business performance, but a bet on the company's future as it automates more of its store fleet with robotics. To me, there are two main factors that make Sweetgreen stand out versus its fast-casual competitors: Investors are very aware of the AI bubble this year, but ...

The company's stock has dropped by 27.44% in the past month, falling short of the Retail-Wholesale sector's gain of 1.87% and the S&P 500's gain of 4.44%. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Sweetgreen, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability. The Retail - Restaurants industry is ...

Growth is reaccelerating, and investors are excited by the potential. Shares of salad restaurant chain Sweetgreen (SG -1.72%) were up 166.7% in the first half of 2024, according to data provided by S&P Global Market Intelligence. This torrid move higher was punctuated by two big gains that occurred each time it reported quarterly financial results. It likely goes without saying, but returns for Sweetgreen stock absolutely dwarfed the otherwise impressive 14.5% gain for the S&P 500. Sweetgreen's growth rate ...

Unlike Cava, Sweetgreen was a dud after its initial IPO pop. It went public at $28 in 2021, briefly trading north of $50 before whittling its way down to the high single digits by late last year. The starting line matters here. Sweetgreen is growing roughly in line with Cava these days. Revenue rose 26% in its latest quarter on a 5% uptick in comps. However, it's still not profitable. It wasn't easy to double in 2024, but these three stocks made it happen. They might be able to do it again. Cava (CAVA -0.67 ...

Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Sweetgreen, Inc. (SG) . Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. When deciding whether to buy, sell, or hold a st ...