Company Performance - Sweetgreen, Inc. (SG) closed at $32.60, reflecting a +0.9% increase from the previous day, outperforming the S&P 500's gain of 0.26% [1] - The stock has risen by 2.38% over the past month, while the Retail-Wholesale sector has seen a loss of 0.54% and the S&P 500 has gained 3.25% [1] Earnings Expectations - Analysts expect Sweetgreen, Inc. to report earnings of -$0.12 per share, indicating a year-over-year growth of 40% [2] - Revenue is anticipated to be $180.2 million, representing an 18.14% increase from the same quarter last year [2] Full Year Projections - For the full year, earnings are projected at -$0.73 per share and revenue at $672.14 million, reflecting changes of +24.74% and +15.08% respectively from the prior year [3] - Recent changes in analyst estimates suggest a positive outlook regarding the company's business and profitability [3] Analyst Ratings - The Zacks Rank system, which evaluates estimate changes, currently ranks Sweetgreen, Inc. at 3 (Hold) [5] - The consensus EPS projection has decreased by 2.47% in the past 30 days [5] Industry Context - The Retail - Restaurants industry, part of the Retail-Wholesale sector, has a Zacks Industry Rank of 163, placing it in the bottom 36% of over 250 industries [6] - Research indicates that top-rated industries outperform the bottom half by a factor of 2 to 1 [6]

Sweetgreen, Inc. (SG) shares ended the last trading session 12.8% higher at $34.98. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 33.3% gain over the past four weeks. Shares of SG are expected to have increased on the back of its notable gains from net new restaurant openings, favorable menu pricing and operation excellence. The increase in its fiscal 2024 outlook along with its aim of expanding its robotic kitch ...

Shares of the salad chain soared on a strong earnings report. Shares of Sweetgreen (SG 0.58%), the fast-casual salad chain, were surging again last month after the company posted another strong earnings report and talked up its expanding robotic kitchen program, known as Infinite Kitchen. According to data from S&P Global Market Intelligence, the stock finished last month up 37%. As you can see from the chart, all the stock's gains came on the earnings report in the middle of the month. In fact, the stock a ...

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS pro ...

Key PointsSweetgreen is a fast-casual restaurant chain specializing in healthy, sustainable, locally sourced salads and bowls.Sweetgreen posted an adjusted EBITDA of $100,000 in Q1 2024, an improvement from a loss of $6.7 million in the year-ago period.Sweetgreen raised full-year 2024 revenue guidance to $660 million to $675 million, up from $655 to $670 million.5 stocks we like better than SweetgreenFast casual restaurant chain Sweetgreen Inc. NYSE: SG shares catapulted 34% on its Q1 2024 earnings report. ...

Sweetgreen shares surged 35% on Friday after the company topped Wall Street's revenue expectations for the first quarter.The salad chain reported $158 million in revenue, beating the LSEG consensus estimate of $152 million. It is an increase of 26% from the prior-year period, when it reported revenue of $125.1 million.Sweetgreen also raised revenue and adjusted EBITDA guidance for the full year. Shares of the company are up 189% so far in 2024.CEO and co-founder Jonathan Neman said on the earnings call with ...

Key TakeawaysSweetgreen beat revenue estimates and raised its outlook as new restaurants and a boost in menu prices drove up sales.Same-store sales and restaurant-level profit margin also rose.The news sent shares soaring to their highest level in more than two years. Shares of Sweetgreen (SG) skyrocketed over 40% in early trading Friday after the salad restaurant chain posted better-than-expected sales and boosted its guidance as it expanded operations and raised prices. The company reported first-quarter ...

The company is on track for its first full year of adjusted profits.Shares of salad restaurant chain Sweetgreen (SG 38.05%) popped on Friday after the company beat expectations across the board for its first quarter of 2024. As of 10 a.m. ET, Sweetgreen stock was up a stunning 40% and hitting 52-week highs.Sweetgreen starts the year off strongSweetgreen underpromised and overdelivered for its Q1. The company opened six new restaurants during the quarter, and same-store sales increased 5%, as opposed to mana ...

Sweetgreen (NYSE:SG) stock is on the move Friday after getting a price target increase from RBC Capital analysts.This has analysts at RBC Capital increasing their price target for SG stock from $20 per share to $35 per share. That’s a potential 48.5% upside compared to the stock’s prior closing price. It’s also bullish next to the analysts’ consensus price target of $23.13 per share.Investors will also note that the RBC Capital analysts maintained their “outperform” rating for Sweetgreen shares. To put that ...

Sweetgreen, Inc. (SG) reported $157.85 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 26.2%. EPS of -$0.23 for the same period compares to -$0.29 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $152.32 million, representing a surprise of +3.63%. The company delivered an EPS surprise of -9.52%, with the consensus EPS estimate being -$0.21.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...