Sweetgreen
About: Sweetgreen Inc is a next-generation restaurant and lifestyle brand that serves healthy food at scale. It is creating plant-forward, seasonal, and earth-friendly meals from fresh ingredients and produce that prioritizes organic, regenerative, and local sourcing.
Employees: 6,186
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
79% more first-time investments, than exits
New positions opened: 75 | Existing positions closed: 42
70% more call options, than puts
Call options by funds: $172M | Put options by funds: $101M
64% more repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 64
24% more capital invested
Capital invested by funds: $2.92B [Q2] → $3.61B (+$688M) [Q3]
14% more funds holding
Funds holding: 237 [Q2] → 270 (+33) [Q3]
3.56% more ownership
Funds ownership: 96.42% [Q2] → 99.97% (+3.56%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 4 [Q2] → 4 (+0) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$40
14%
upside
Avg. target
$44
25%
upside
High target
$45
28%
upside
4 analyst ratings
3 positive
75%
1 neutral
25%
0 negative
0%
TD Cowen Andrew Charles 47% 1-year accuracy 56 / 120 met price target | 28%upside $45 | Buy Reiterated | 18 Nov 2024 |
UBS Dennis Geiger 47% 1-year accuracy 9 / 19 met price target | 28%upside $45 | Buy Maintained | 8 Nov 2024 |
Oppenheimer Brian Bittner 45% 1-year accuracy 17 / 38 met price target | 28%upside $45 | Outperform Maintained | 8 Nov 2024 |
Goldman Sachs Christine Cho 50% 1-year accuracy 23 / 46 met price target | 14%upside $40 | Neutral Downgraded | 8 Nov 2024 |
Financial journalist opinion
Based on 4 articles about SG published over the past 30 days
Positive
Fox Business
1 day ago
Sweetgreen fights for farmers markets: 'No harder business' than farming
Sweetgreen is working to keep farmers markets, a key resource for small-scale agriculture and a way to support food and beverage entrepreneurs, from shutting down.
Positive
The Motley Fool
1 week ago
Up 236% in 2024, Is This Monster Stock a Smart Buy Right Now?
When searching for buying opportunities, investors might immediately look at stocks that have crushed the market and are putting up exceptional recent returns. One particular business has done just that.
Neutral
Business Wire
2 weeks ago
Sweetgreen Supports LA Farmers Markets at Risk of Shutdown
LOS ANGELES--(BUSINESS WIRE)--Today, Sweetgreen announced its commitment to Food Access LA, formerly Sustainable Economic Enterprises of Los Angeles, the non-profit organization behind eight Los Angeles farmers markets. With LA's beloved farmers markets at risk of closure, Sweetgreen's support helps ensure all eight markets will remain open, preserving a vital connection between local growers and the Los Angeles community. With Sweetgreen's support, Food Access LA can cover operating costs thro.
Positive
Seeking Alpha
3 weeks ago
Sweetgreen: There Is A World Outside The Bowl
Sweetgreen's strategic menu innovations, including substantial protein options, have driven significant growth in comparable sales and revenue, reversing previous stagnation. The introduction of Infinity Kitchens and AI-based labor management systems is expected to enhance unit-level economics and control rising labor costs. Despite a slight slowdown in Q3 due to a lighter marketing calendar, Sweetgreen's growth momentum is expected to continue with new menu items and the revamped Sweetpass loyalty program.
Neutral
Business Wire
1 month ago
Sweetgreen Launches New Merch Collection in Time for the Holidays
LOS ANGELES--(BUSINESS WIRE)--Sweetgreen is bringing a taste of its signature style to the holiday season with a new collection of apparel and accessories. Launching today exclusively on Sweetgreen's merch site, The Market, this limited-edition 9-piece collection combines the return of favorite designs with fresh styles to celebrate the Sweetgreen superfan. Following last year's sold-out merch drop, the brand is refreshing its shop with highly anticipated items for every fan's wishlist. At The.
Positive
Yahoo Finance
1 month ago
Automation is the future of fast food: Sweetgreen co-founder
Most in the fast food industry have had a challenging 2024. Many players, such as McDonald's (MCD), have jacked up prices to compensate for higher worker wages, especially in California.
Positive
Seeking Alpha
1 month ago
Sweetgreen: A Good Time To Enter This Stock On Post-Earnings Dip
Shares of Sweetgreen slid more than 5% after missing Q3 results, a rarity for this high-flying salad chain. Despite this, the company raised its outlook for the year, and same-store sales growth was still up 6%. Traffic trends remained positive in the wake of mid-single digit price increases, demonstrating a loyal consumer base that is health-conscious and price-insensitive.
Neutral
Seeking Alpha
1 month ago
Sweetgreen, Inc. (SG) Q3 2024 Earnings Call Transcript
Sweetgreen, Inc. (NYSE:SG ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Rebecca Nounou - Investor Relations Jonathan Neman - Co-Founder and Chief Executive Officer Mitch Reback - Chief Financial Officer Conference Call Participants Rahul Krotthapalli - JPMorgan Jon Tower - Citigroup Andrew Charles - TD Cowen Dennis Geiger - UBS Brian Harbour - Morgan Stanley Katherine Griffin - Bank of America Logan Reich - RBC Capital Markets Sharon Zackfia - William Blair Brian Mullan - Piper Sandler Brian Bittner - Oppenheimer Christine Cho - Goldman Sachs Operator Thank you for standing by. My name is Danica, and I will be your conference operator today.
Positive
The Motley Fool
1 month ago
3 Unstoppable Stocks That Can Crush the S&P 500 by 2030
Patiently holding these stocks could pay off massively down the road.
Neutral
CNBC Television
1 month ago
Trade Tracker: Josh Brown sells Sweetgreen
Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's 'Halftime Report' to discuss his latest sale in Sweetgreen.
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