Want to see SG full AI Analyst Report?
Top Page
Sweetgreen
(NYSE:SG)
Select Model
Select Model
Rating:46Neutral
Price Target:
$5.50
▼(-8.33% Downside)
Action:Reiterated
Date:08/11/26
The score is held back primarily by negative TTM operating and free cash flow (ongoing cash burn) and weak technicals (below key moving averages with negative MACD). A high P/E with no dividend support and a downgraded FY26 outlook (comps decline and EBITDA loss guidance amid disruptions) further constrain the rating, despite improving net income and some operational progress.
Positive Factors
Digital & loyalty momentum
Expanded digital channels, a maturing rewards program and early AI personalization tests create durable customer-engagement levers. Higher digital penetration raises repeat visits, lowers acquisition costs and enables targeted offers that can sustainably lift frequency and spend over months.
Negative Factors
Negative operating and free cash flow
Persistent negative operating and free cash flow despite reported net income means the business is not self-funding growth. Continued cash burn increases reliance on cash reserves or financing, constraining strategic flexibility and raising refinancing or dilution risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Digital & loyalty momentum
Expanded digital channels, a maturing rewards program and early AI personalization tests create durable customer-engagement levers. Higher digital penetration raises repeat visits, lowers acquisition costs and enables targeted offers that can sustainably lift frequency and spend over months.
Read all positive factors
Sweetgreen Key Performance Indicators (KPIs)
Any
Restaurant Count
Counts the total number of restaurant locations, signaling the company's expansion strategy and market penetration.
Counts the total number of restaurant locations, signaling the company's expansion strategy and market penetration.
Data provided by:
The Fly
The FlySweetgreen (SG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$747.58M
Dividend YieldN/A
Average Volume (3M)5.16M
Price to Earnings (P/E)57.1
Beta (1Y)1.94
Revenue Growth-0.65%
EPS GrowthN/A
CountryUS
Employees6,486
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)0.11
Shares Outstanding107,147,760
10 Day Avg. Volume6,985,113
30 Day Avg. Volume5,160,731
Financial Highlights & Ratios
PEG Ratio-0.13
Price to Book (P/B)2.25
Price to Sales (P/S)1.18
P/FCF Ratio-6.71
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$6.94Price Target Upside15.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)-0.31
Revenue Forecast (FY)$682.75M
Sweetgreen Business Overview & Revenue Model
Company Description
Sweetgreen, Inc. operates a chain of fast-casual restaurants that focus on serving nutritious meals prepared with fresh, seasonal, and organic ingredients. Beyond the in-restaurant dining experience, the company allows customers to place orders di...
How the Company Makes Money
Sweetgreen primarily makes money through food and beverage sales to customers at its company-owned restaurants. Revenue is generated from (1) in-store purchases (walk-in orders at the counter/kiosk) and (2) digital orders placed through its mobile...
Sweetgreen Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Negative
The call described meaningful operational and product progress — sequential transaction improvement, a successful wraps platform that increased frequency and engagement, digital and loyalty momentum, and reductions in support-center costs — but these positives were offset by sizable near-term financial headwinds: Q2 comparable sales declined 6.2%, restaurant-level margin contracted sharply (to 13.1% from 18.9%), adjusted EBITDA swung to a loss and the company revised FY guidance to meaningfully negative EBITDA and comps declines. Management emphasized disciplined actions and a conservative development approach, but public-health disruptions (cyclospora and a jalapeño recall), mix-related check drag from new lower-price offerings and cost pressures create material near-term challenges.Positive Updates
Revenue Growth
Total revenue of $192.7 million in Q2, an increase of approximately 4% year-over-year.
Negative Updates
Comparable Restaurant Sales Decline
Comparable restaurant sales declined 6.2% in Q2; full-year guidance updated to a comparable sales decline of 8% to 7% driven in part by an assumed 600–700 basis point impact to Q3 from the cyclospora headlines.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Growth
Total revenue of $192.7 million in Q2, an increase of approximately 4% year-over-year.
Read all positive updates
Company Guidance
Sweetgreen updated its fiscal 2026 guidance reflecting the cyclospora disruption: full‑year comparable restaurant sales are now expected to decline 8%–7%, restaurant‑level profit margin is guided to 10.5%–11%, and adjusted EBITDA to a loss of $27M–$23M; the company assumes a continued 600–700 basis‑point hit to Q3 comps (July impact ≈600 bps), and within the guidance estimates the disruption accounts for roughly 200–300 bps of comparable‑sales pressure, 100–150 bps of restaurant‑level margin pressure and $7M–$10M of EBITDA impact. For context the company reported Q2 revenue of $192.7M, comps down 6.2% (transactions −2%, mix −4.2%), Q2 restaurant‑level margin 13.1%, adjusted EBITDA loss $0.2M, 287 restaurants, and $142.6M in cash, which informed the updated, conservative recovery scenarios.Sweetgreen Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
62
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 681.77M | 679.47M | 676.83M | 584.04M | 470.11M | 339.87M |
| Gross Profit | 61.47M | 103.53M | 132.95M | 101.92M | 69.29M | 40.41M |
| EBITDA | 90.54M | -61.45M | -23.16M | -52.51M | -142.32M | -117.39M |
| Net Income | 13.67M | -134.06M | -90.37M | -113.38M | -190.44M | -153.18M |
Balance Sheet | ||||||
| Total Assets | 895.66M | 788.10M | 856.76M | 856.56M | 908.93M | 762.65M |
| Cash, Cash Equivalents and Short-Term Investments | 142.63M | 89.18M | 214.79M | 257.23M | 331.61M | 471.97M |
| Total Debt | 355.39M | 354.49M | 330.71M | 302.87M | 300.74M | 0.00 |
| Total Liabilities | 428.04M | 431.98M | 410.61M | 373.96M | 367.71M | 109.53M |
| Stockholders Equity | 467.62M | 356.13M | 446.14M | 482.60M | 541.23M | 653.12M |
Cash Flow | ||||||
| Free Cash Flow | -116.32M | -119.19M | -48.81M | -69.31M | -145.43M | -157.30M |
| Operating Cash Flow | -27.64M | -12.70M | 43.39M | 26.48M | -43.17M | -64.53M |
| Investing Cash Flow | 3.96M | -114.25M | -92.21M | -95.67M | -102.02M | -97.55M |
| Financing Cash Flow | -188.00K | 2.86M | 8.89M | -5.20M | 4.63M | 531.61M |
Sweetgreen Technical Analysis
Positive
6.00
Price Trends
7.37
Negative
7.18
Negative
6.76
Negative
Market Momentum
-0.43
Negative
47.80
Neutral
70.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG, the sentiment is Positive. The current price of 6 is below the 20-day moving average (MA) of 6.08, below the 50-day MA of 7.37, and below the 200-day MA of 6.76, indicating a neutral trend. The MACD of -0.43 indicates Negative momentum. The RSI at 47.80 is Neutral, neither overbought nor oversold. The STOCH value of 70.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG.
Sweetgreen Risk Analysis
Sweetgreen disclosed 60 risk factors in its most recent earnings report. Sweetgreen reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Sweetgreen Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $13.59B | 33.08 | 27.56% | 1.48% | 9.89% | -4.85% | |
66 Neutral | $5.64B | 29.60 | 38.83% | 1.35% | 5.66% | 14.01% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | $3.21B | 76.15 | 7.55% | ― | 17.33% | 99.39% | |
60 Neutral | $8.69B | 130.08 | 8.28% | ― | 26.79% | -53.45% | |
46 Neutral | $747.58M | 57.09 | 3.21% | ― | -0.65% | ― | |
46 Neutral | $798.68M | 29.95 | -6.17% | 6.06% | -5.65% | -64.96% |
* Consumer Cyclical Sector Average
SG
Sweetgreen
6.28
-3.00
-32.33%
PZZA
Papa John's International
24.26
-19.90
-45.07%
TXRH
Texas Roadhouse
207.10
36.09
21.10%
CAKE
Cheesecake Factory
113.38
52.55
86.39%
SHAK
Shake Shack
74.84
-29.99
-28.61%
CAVA
CAVA Group, Inc.
74.42
4.63
6.63%
Sweetgreen Corporate Events
Executive/Board ChangesShareholder Meetings
Sweetgreen Shareholders Back Board, Auditors and Executive Pay
Positive
Jun 15, 2026
On June 11, 2026, Sweetgreen, Inc. held its Annual Meeting of Stockholders virtually, where shareholders elected all nine director nominees to serve until the 2027 annual meeting or until successors are chosen. The meeting results also underscore ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.