SG Stock Recent News

Sweetgreen stock has more than tripled in 2024, rebounding from a tough 2022-2023. The company is betting on kitchen automation and new proteins like garlic steak to drive future sales growth and richer profits.

I upgraded my rating from Hold to Buy, anticipating Sweetgreen's growth to accelerate to 20% in FY26 due to faster store openings. The Infinite Kitchen concept has significantly improved productivity, supporting a higher return on capital and a lower ROI hurdle for new store openings. SG's new market expansion strategy, focusing on better locations and demographics, has proven successful, enhancing its ability to penetrate new markets.

SG's focus on menu innovation and expansion efforts bode well. However, elevated costs are a concern.

This restaurant software company is in the early innings of capturing a $100 billion opportunity. With the help of a technological advantage, this restaurant stock could be the latest breakout performer in the sector.

Subscribers to  Chart of the Week  received this commentary on Sunday, September 8.

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?

Q2 2024 financials show a 21% sales increase, improved profit margins, and reduced operating expenses, moving closer to GAAP profitability. Sweetgreen completed one Infinite Kitchen retrofit this quarter, which significantly reduces customer wait times. Risks include potential food safety issues, retrofit challenges, and macroeconomic uncertainties, which could impact the stock's performance if consumer demand weakens.

Sweetgreen continues to boost its presence by unveiling the first Ohio-based restaurant in the Short North.

Sweetgreen Inc SG stock price picked up after TD Cowen analyst Andrew Charles upgraded it from Hold to Buy and raised its price target from $31 to $43.

COLUMBUS, Ohio--(BUSINESS WIRE)--National restaurant brand Sweetgreen will open its first-ever Ohio-based restaurant in the Short North on Sept. 4, introducing its craveable salads, plates and bowls to Columbus. To celebrate, the brand is bringing the community together for a grand opening activation with local partners and new neighbors. Known for its vibrant fan culture and booming culinary scene, Columbus has been eagerly anticipating the arrival of its first Sweetgreen. The city has been on.