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 ...

Core Viewpoint - Sweetgreen (NYSE:SG) has experienced a significant stock price increase of over 120% year-to-date, driven by strong business performance and future automation plans with robotics [1] Automation Strategy - Sweetgreen opened its first fully automated location, "Infinite Kitchen," in May 2023, capable of producing up to 500 salad bowls per hour, which enhances operational efficiency and customer experience [6] - Labor costs account for 29% of Sweetgreen's revenue, and automation is expected to improve margins, with the first Infinite Kitchens generating a 10-point operating margin benefit compared to other locations [6] - The company plans to open approximately seven new Infinite Kitchen restaurants and retrofit three to four existing locations by 2024, with each retrofit costing between $450,000 and $500,000 [6] Financial Performance - Sweetgreen is guiding for same-store sales growth of 4-6% year-over-year for FY24, with Q1 same-store sales growth at 5% [7] - The company has a healthy cash reserve of $243.7 million, which is unencumbered by debt, providing a solid financial foundation for its expansion plans [6] Competitive Positioning - Sweetgreen's food margin is slightly higher than competitors like CAVA and Chipotle, with food costs representing 27.7% of revenue compared to 28.6% for CAVA and 28.8% for Chipotle [15][16] - The company has a unique subscription model, Sweetpass+, which offers daily savings to loyal customers, encouraging repeat business [18] Market Trends - The fast-casual restaurant sector, including Sweetgreen, is benefiting from health food trends, with Sweetgreen positioned to capitalize on this growing consumer interest [23] - Sweetgreen's automation efforts and same-store sales growth are expected to create a substantial profit margin gap compared to peers, particularly as the industry continues to evolve [19]

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 ...

Let's take a look at what these Wall Street heavyweights have to say about Sweetgreen, Inc. (SG) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Check price target & stock forecast for Sweetgreen here>>> With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's ...