
Sweetgreen (SG) Stock Forecast & Price Target
Sweetgreen (SG) Analyst Ratings
Bulls say
Sweetgreen Inc reported a 9% increase in same-store sales for the second quarter of 2024, reflecting significant growth in consumer demand and operational performance compared to earlier in the quarter. The company's long-term guidance indicates a robust net restaurant growth trajectory of 15-20%, suggesting a potential increase of 50-67 new locations by 2027, more than doubling the current year's openings. Furthermore, Sweetgreen has a solid track record of same-store sales growth, with historical data showing 20% growth from Year 1 to Year 2 and 10% from Year 2 to Year 3, reinforcing its positive outlook for sustained expansion.
Bears say
The financial outlook for Sweetgreen indicates potential challenges, as same-store sales guidance for 2025 appears overly optimistic, risking downward revisions for the second consecutive time. A weak performance in the second quarter, corroborated by credit card and foot traffic data, suggests that sales could remain negative throughout the year. Estimates for the third and fourth quarters are also projected to be lower than consensus expectations, signaling further weaknesses in sales performance.
This aggregate rating is based on analysts' research of Sweetgreen and is not a guaranteed prediction by Public.com or investment advice.
Sweetgreen (SG) Analyst Forecast & Price Prediction
Start investing in Sweetgreen (SG)
Order type
Buy in
Order amount
Est. shares
0 shares