Cramer says it might be time to start building a position in Sweetgreen
CNBC's Jim Cramer on Tuesday told investors it could be wise to start buying stock of Sweetgreen, a salad chain that has been the best-performing restaurant company on the Russell 3000, according to FactSet. "If Sweetgreen stock keeps getting slammed like it has earlier this week, I think you should pounce, because this is no longer the unprofitable salad chain of two or three years ago," he said.
1 Magnificent Stock Up 205% in 2024: Is It Too Late to Buy?
A string of better-than-expected financial results has catapulted this stock in 2024. It's hard to tell when this business will begin posting positive earnings.
Sweetgreen Shares Surged on Strong Outlook. Is It Too Late to Buy the Stock?
Sweetgreen shares surged after the company raised its full-year outlook. The stock still has upside potential, although it's a bit on the speculative side.
Sweetgreen: Tremendous Same Store Sales Acceleration
Sweetgreen raised its full-year same-store sales growth outlook, driven by an acceleration in traffic trends. Notably, the company is becoming more popular at dinnertime, ostensibly expanding its addressable market. Despite its recent rally and >200% YTD gains, the stock still trades slightly below Chipotle's revenue multiple, even after the latter's slump from its CEO exit.
Sweetgreen Stock Surges 29% on Sweet 9% Same Store Sales Growth
Healthy fast-casual restaurant operator Sweetgreen Inc. NYSE: SG reported stellar metrics on its Q2 2024 earning report, causing shares to spike 29%. The healthy lifestyle salad and bowl restaurant chain saw a solid boost in traffic and sales.
Sweetgreen Goes Nationwide
The company successfully expanded its addressable market beyond salad lovers through new protein menu items. New store locations, particularly in the southeast, Texas, and midwest, are outperforming existing stores. The Infinite Kitchen concept has proven successful, with the Naperville location achieving $2.8 million in first-year sales and a 31.3% restaurant-level margin.
Why Is Sweetgreen (SG) Stock Up 25% Today?
Sweetgreen (NYSE: SG ) stock is climbing higher on Friday after the fast-food chain announced results for the second quarter of 2024. Sweetgreen reported earnings per share of -13 cents.
Sweetgreen (SG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Sweetgreen (SG) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Here's Why Sweetgreen Stock Soared Today
Sweetgreen is growing revenue fast, and management is keeping expenses in check. The company modestly raised its full-year guidance, giving investors something else to celebrate.
Sweetgreen Revenue Jumps as Salad Chain Adds Locations
Sweetgreen (SG) shares skyrocketed Friday, a day after the salad restaurant chain slashed its loss, boosted sales, and raised its guidance as it expanded locations.
Sweetgreen Stock Makes Another Massive Post-Earnings Move
Sweetgreen Inc (NYSE:SG) is near the top of the New York Stock Exchange (NYSE) today, last seen up 22.1% to trade at $32.09.
Sweetgreen, Inc. (SG) Q2 2024 Earnings Call Transcript
Sweetgreen, Inc. (NYSE:SG ) Q2 2024 Earnings Call August 8, 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 Sharon Zackfia - William Blair Katherine Griffin - Bank of America Brian Mullan - Piper Sandler Logan Reich - RBC Capital Markets Jon Tower - Citi Brian Bittner - Oppenheimer & Co. Andrew Charles - TD Cowen Christine Cho - Goldman Sachs Brian Harbour - Morgan Stanley Dennis Geiger - UBS Operator Thank you for standing by. My name is Jeannie, and I will be your conference operator today.
