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Fast casual health food restaurant chain Sweetgreen Inc. NYSE: SG shares have had a healthy pullback towards its Q1 2024 earnings gap fill price level at $24.03. The company had a stellar first-quarter earnings report back on May 9, 2024 that launched its stock from $24.03 to a high of $36.72 afterward.
Both of these new restaurant chains offer similar food and price points. But Cava is growing faster, sports a higher valuation, and is more profitable.
In the latest trading session, Sweetgreen, Inc. (SG) closed at $24.20, marking a +1.38% move from the previous day.
Sweetgreen stock has surged this year on its plans to retrofit more of its restaurants with robotic automation. The company's automated "Infinite Kitchen" locations are demonstrating 10 points of operating margin advantage to non-automated peers, alongside higher average ticket prices. The company already enjoys a higher food margin relative to key peers, and Sweetgreen's same-store sales growth is trending higher than CAVA's.
LOS ANGELES--(BUSINESS WIRE)--Sweetgreen, Inc. (NYSE: SG), will release financial results for the second quarter of 2024 after the market close on Thursday, August 8, 2024. In conjunction with the release, the Company will host a webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss business and financial results. A live webcast of the company's earnings call will be available on the investor relations section of the company's website at https://investor.sweetgreen.com/. An arch.
Sweetgreen, Inc. (SG) closed at $23.99 in the latest trading session, marking a -1.72% move from the prior day.
Sweetgreen's financial results show that its growth isn't slowing down at all -- to the contrary, it's picking up. The company still isn't profitable, which could be a problem if consumers are starting to be more choosy with discretionary spending.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Consumers may be spending at restaurants more cautiously, but there's been a bright spot for some companies with specialty protein offerings. CNBC's Kate Rogers joins 'Squawk on the Street' with more.
NEW YORK--(BUSINESS WIRE)--Saluda Grade announces a passive, minority stake in Hillcrest Financial, expanding focus into commercial real estate credit opportunities.