
Sweetgreen (SG) Stock Forecast & Price Target
Sweetgreen (SG) Analyst Ratings
Bulls say
Sweetgreen Inc. demonstrated a robust performance in the second quarter of 2024, reporting a 9% increase in same-store sales, showcasing improved trends over previous quarters. The company's long-term guidance projects a net restaurant growth of 15% to 20%, with expectations of 50 to 67 net openings by 2027, significantly surpassing the 25 openings achieved in 2024. Additionally, historical data indicates that Sweetgreen has consistently achieved 20% same-store sales growth from Year 1 to Year 2 and 10% growth from Year 2 to Year 3, underscoring a strong growth trajectory.
Bears say
Sweetgreen is facing a concerning outlook as its same-store sales guidance for 2025 is projected to be flat, raising the likelihood of downward revisions for the second consecutive time. Data from Bloomberg Second Measure and Placer.ai reveal a significantly weaker-than-anticipated performance in the second quarter, indicating persistent challenges in consumer traffic and spending. Furthermore, estimates for third and fourth quarters suggest potential continued declines in same-store sales, with projections of -1.5% and 0.0%, which remain notably below the broader consensus expectations.
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
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