S

sweetgreen

Fast-casual salad and grain bowls chain

Overview

Sweetgreen operates in the fast-casual dining space, offering made-to-order salads and grain bowls using whole, seasonal produce. Its business combines brick-and-mortar cafes with a strong digital platform, including an app that enables delivery and pickup alongside in-store ordering. The company differentiates itself through a commitment to seasonal menus, fresh ingredients, and sustainability, using technology to improve user experience and streamline operations. Its goal is to grow its footprint while promoting community health and wellness, maintaining a clear focus on nutritious options and responsible sourcing.

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About sweetgreen

Simplify's Rating
Why sweetgreen is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Food & AgricultureConsumer Software

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Manhattan Beach, CA

Founded

2007

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What believers are saying

  • October 2026 same-store sales rose 5% and traffic 4%, signaling a rebound.
  • November 2026 plates, wraps, and Molly Baz collaborations broaden dinner and repeat-visit demand.
  • Management targets 2027 openings plus manager pay above $200,000 to improve execution.

What critics are saying

  • Q3 2026 same-store sales still fell 6.4%, and restaurant-level margin dropped to 10.4%.
  • Nine permanent closures through 2026 show weak unit economics before 2027's slower rollout.
  • A fresh-produce scare can crush traffic again if cyclospora headlines return.

What makes sweetgreen unique

  • November 5, 2026: Sweetgreen pairs scratch-cooked salads, wraps, plates, and app-driven personalization.
  • Jonathan Neman's menu-test culture keeps Sweetgreen iterating faster than legacy salad chains.
  • Its September 2026 app relaunch and chef residencies strengthen digital merchandising and innovation.

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Funding

Total Funding

$802.6M

Above

Industry Average

Funded Over

10 Rounds

IPO funding comparison data is currently unavailable. We're working to provide this information soon!
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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Paid Vacation
  • 401(k) Retirement Plan
  • Parental Leave

Stock Price

Growth & Insights and Company News

6 month growth

0%

1 year growth

0%

2 year growth

1%
Nation's Restaurant News
Nov 10th, 2026
Sweetgreen positions to capture the dinner daypart.

Sweetgreen positions to capture the dinner daypart. The fast-casual chain has relaunched its Plates menu category, including new rotisserie-style "knife-and-fork" chicken in larger portions. Lisa Jennings, Executive Editor, Restaurant Business November 10, 2026 Sweetgreen wants to invite guests in for dinner. The fast-casual chain on Tuesday unveiled a relaunch of the Plates category on the menu, which were first introduced in 2023 in a move away from its salad-brand positioning. This week, beginning Tuesday, Sweetgreen is adding two new Plates to the menu, along with a new wrap sandwich and a Sourdough Chocolate Chip Cookie. The hero of the new Plates is a rotisserie-style chicken, which CEO Jonathan Neman described as a larger-portion, "knife-and-fork" serving of roasted boneless, skinless chicken thighs, marinated in a miso-maple blend with a rotisserie seasoning blend, lemon juice, and vinegar, and served with warm roasted vegetables and various sauces. There are no actual rotisseries involved, however. "We love a good salad here at Sweetgreen, but sometimes you just need a plate of something warm and hearty," said Zipporah Allen, the chain's chief commercial officer, in a statement. "Our new plates represent everything our fans love about us - scratch-cooking, layered flavors, impeccable ingredients - but with an experience ideal for dinner, cold weather or a delicious jolt of protein." The three new options include: Jammy Sunday Chicken, the rotisserie-seasoned chicken served with umami rice, sweet onion "jammy," a double helping of spicy broccoli, warm roasted sweet potatoes, green goddess dressing and a squeeze of lemon. Prices range from $14.95 to $17.95, depending on the market, with the average at $16.31. Wild Chicken Bello, includes the rotisserie chicken, wild rice, warm roasted sweet potatoes, warm portobello mix, Napa cabbage slaw, sweet onion jammy and charred jalapeno ranch. Prices range from $15.95 to $18.95, with an average of $17.31. Umami Chicken Rice Wrap, includes the rotisserie chicken with umami rice, shredded cabbage, white cheddar, crumbled bacon, and sweet onion jammy wrapped in a tortilla with pesto vinaigrette on the side. Prices start at $13.95 up to $15.95, with an average of $15.03. The 285-unit Sweetgreen is also giving its existing Plates a glow up, including the Caramelized Garlic Steak, Hot Honey Chicken, and Miso-Glazed Salmon. The new Sourdough cookies, which are baked in each restaurant, are made with sourdough starter, unbleached wheat flour, dark chocolate chips, real butter, and egg yolks, and they are sweetened with organic agave syrup and coconut sugar, with no artificial flavors, colors, or dyes, the company said. While reporting third quarter earnings last week, Neman said the first introduction of dinner-worthy Plates helped grow the chain's dinner daypart and attracted more male diners. But dinner accounts for only about one-third of sales for the chain. The new dishes are designed to help grow dinner sales further, as well as reaching new consumers. "We see Plates as a really big opportunity to acquire new customers," he said during the earnings call last week. "Our next major focus is making Sweetgreen a stronger choice for dinner." Sweetgreen's wraps, introduced earlier this year, have also been a hit. Those sandwiches, however, were priced to be more affordable, starting at about $11. The plates, meanwhile, are designed as a more premium option, which is part of Sweetgreen's larger barbell pricing strategy. "Wraps, on balance, have created a mixed headwind for us because they're lower priced," Neman said. "Plates will probably do the opposite as 4C Consulting Group, LLC invest more in Plates, and the new rotisserie-style chicken that's 50% bigger, as well as the new cookie. "So [we're] really building out the menu, the selection of the menu, so different customers can choose their own adventure," he added. For the launch, Sweetgreen has been shoring up its infrastructure around ovens, tools, and kitchen leadership for a smooth rollout of the new dishes. Sweetgreen has also shifted to a system of producing smaller batches of food more often through the day to ensure it is hot and fresh, and to reduce waste. The moves come as Sweetgreen appears to have reached a turning point after more than a year of declining sales. For the third quarter, same-store sales were down 6.4%, including a 4.9% drop in traffic. But that traffic decline was blamed almost entirely on a cyclospora outbreak earlier this year, which scared consumers away from fresh produce, even though Sweetgreen was not implicated. In October, Sweetgreen's same-store sales were up 5%, including a 4% increase in traffic. Executive Editor, Restaurant Business Lisa Jennings is a veteran restaurant industry reporter and editor who covers the fast-casual sector, independent restaurants and emerging chain concepts. Her experience includes other industry publications as well as the daily newspaper The Commercial Appeal in Memphis, Tenn., where she was Food Editor. Her work has been cited in the Los Angeles Times, Business Insider, FoodBeast, The Huffington Post, Time.com and more. Subscribe Nation's Restaurant News Newsletters

SWN Media LLC
Nov 7th, 2026
Market News: Q3: restaurant sector insights.

Market News: Q3: restaurant sector insights. * November 7, 2026 Market News are attracting significant attention in today's market. Market news in the restaurant sector highlights the balancing act businesses face in Q3 2026, as they strive to attract budget-conscious diners while managing rising costs. The industry's performance in this quarter reflects a mix of innovative menu offerings and digital engagement strategies, aimed at capturing the attention of cautious consumers. However, challenges such as increased competition and operational expenses continue to pose difficulties. As companies prepare to report their earnings, these factors are expected to play a significant role in shaping their financial outcomes. Meanwhile, small cap stocks remains a key focus for market participants. Restaurant industry performance in Q3 2026. The third quarter of 2026 for the restaurant sector highlights a delicate act of balancing efforts to draw budget-conscious diners while facing ongoing consumer spending pressures. According to the Zacks Retail-Wholesale sector, overall earnings are forecasted to see a 4.1% year-over-year increase in Q3 2026. This is a decrease from the 12.3% year-over-year earnings rise witnessed in Q2 2026. Meanwhile, sector revenues are predicted to rise by 7.5% year-over-year, compared to a 10.4% increase in Q2. Market News: upcoming restaurant earnings. On the earnings front, Sweetgreen, Inc. (SG), Shake Shack Inc. (SHAK), and Papa John's International, Inc. (PZZA) are all set to release their Q3 results tomorrow. An interesting trend from the National Restaurant Association's survey shows that around 40% of people are increasingly relying on discounts and promotional offers, up from 35% in the previous quarter. Additionally, 53% of individuals dined out, while 50% opted for takeout or delivery. Consumer spending patterns. There's a noticeable shift in consumer spending, with 39% of people indicating they spent less at restaurants than in Q2. Moreover, 36% have transitioned to more affordable dining options, up from 34%. Also, 34% reported cutting back on ordering extras like desserts and drinks. Earnings report: Sweetgreen's predictions. Sweetgreen is anticipated to have Q3 2026 revenues of $168.6 million, reflecting a 2.2% decline from last year. The expected loss per share stands at 28 cents, slightly down from 27 cents the previous year. The company holds an Earnings ESP of +4.26% and a Zacks Rank #2. For further details, you can view the full report here. Shake Shack's performance expectations. Shake Shack's Q3 2026 revenues are projected at $425.6 million, a 15.8% increase compared to last year. However, the expected earnings per share (EPS) is 33 cents, an 8.3% drop from 36 cents the previous year. Shake Shack carries an Earnings ESP of -4.34% and a Zacks Rank #3. More about Shake Shack's analysis can be found here. Market News: Papa John's insights. Papa John's is projected to report Q3 2026 revenues of $457.2 million, a 10% decrease from last year. The EPS is estimated at 10 cents, down 68.8% from 32 cents in the previous year. The company currently has an Earnings ESP of -1.14% and a Zacks Rank #4. To learn more, check the full analysis. Stay tuned for more market news and updates on the restaurant industry's performance. The small cap stocks market is responding. As Stock Wire News wrap up its analysis of the restaurant sector in the third quarter of 2026, it's evident that businesses are navigating a complex landscape. Small cap stocks within this industry have shown varied performances, influenced by a range of factors. The balance between catering to budget-conscious diners and managing rising costs has proved to be a tightrope walk for many. Market news highlights a mixed bag for small caps, with some showing resilience while others struggle under cost pressures. The latest earnings reports have been pivotal, providing insights into how these entities are adapting to current challenges. Restaurants that have managed to innovate and streamline operations appear to be faring better. Overall, the restaurant industry's performance in 2026 is shaped by economic conditions, consumer behaviours, and operational efficiencies. As you keep an eye on your stock watchlist, it's important to consider these dynamics. While the road ahead may be uncertain, staying informed can provide clarity amidst the shifting tides of the market. How did the restaurant sector perform in the third quarter of 2026? The restaurant sector's performance in Q3 2026 showed a 4.1% year-over-year increase in earnings, down from a 12.3% rise in Q2, while revenues are expected to increase by 7.5%, compared to a 10.4% gain in the previous quarter. This reflects the industry's efforts to balance attracting budget-conscious diners with facing ongoing consumer spending pressures. For more details, view the original article. What consumer behaviour trends were observed in Q3 2026? The National Restaurant Association's survey highlighted that 40% of consumers increasingly relied on discounts and promotions, up from 35% in the previous quarter. Additionally, 53% of individuals dined out, and 50% chose takeout or delivery, indicating robust restaurant engagement amidst changing spending patterns. Explore further insights here. What role did digital engagement play in the restaurant industry's Q3 2026 performance? Digital engagement, including digital ordering and third-party delivery platforms, supported customer acquisition and purchase frequency in Q3 2026. The use of loyalty programs and exclusive rewards also provided incentives for customer visits, helping restaurants navigate cost pressures and competitive promotions. For additional context, see the full article. How are Sweetgreen, Shake Shack, and Papa John's expected to perform in their Q3 2026 earnings reports? Sweetgreen is expected to report Q3 2026 revenues of $168.6 million, marking a 2.2% decline from last year, with an expected loss per share of 28 cents. Shake Shack and Papa John's are also set to release their earnings, with market participants closely watching these results for insights into small cap stocks in the restaurant sector. Access detailed analysis here. What strategies are restaurants employing to attract budget-conscious diners? Restaurants are implementing targeted marketing and campaigns focused on everyday value, bundled meals, and limited-time menu offerings to maintain brand relevance and attract budget-conscious diners. These strategies, along with menu innovation and new restaurant openings, are helping the industry balance cost pressures. Learn more from Zacks Investment Research. Disclaimer: For informational purposes only. Not financial advice. Get SWN alerts. How to spot emerging market movers.

Daily Political
Nov 7th, 2026
Sweetgreen (NYSE:SG) issues earnings results, hits expectations.

Sweetgreen (NYSE:SG) issues earnings results, hits expectations. Sweetgreen (NYSE:SG - Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($0.26) earnings per share for the quarter, meeting the consensus estimate of ($0.26), FiscalAI reports. Sweetgreen had a net margin of 2.01% and a negative return on equity of 32.94%. The business had revenue of $176.02 million during the quarter, compared to analysts' expectations of $170.07 million. During the same quarter in the prior year, the company posted ($0.31) EPS. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. Here are the key takeaways from Sweetgreen's conference call: * Sales rebounded as the quarter progressed: October comparable sales rose about 5%, including 4% transaction growth, and management expects roughly 4% comparable-sales growth in Q4. Executives attributed the improvement to better restaurant execution, menu innovation, and returning lapsed customers, while noting there is still more work to do. * Q3 comparable sales fell 6.4% and Restaurant-Level Profit Margin declined to 10.4% from 13.1% a year earlier; adjusted EBITDA was a loss of $6.8 million. For full-year 2026, Sweetgreen now expects comparable sales to be down about 5.5%, restaurant-level margins of 11%-11.5%, and an adjusted EBITDA loss of $20 million-$23 million. * Management sees potential to improve restaurant-level margins through food-cost controls and more efficient labor deployment, estimating about 150 basis points of food-cost savings and a couple hundred basis points of labor-efficiency opportunity over time. These are targets, not realized savings, and the company said it will prioritize customer experience as it pursues them. * Menu and customer-engagement initiatives are showing encouraging signs: wraps have attracted Gen Z customers and frequent repeat visits, loyalty redemptions are up 50%, and the company plans a renewed push for dinner-focused Plates. Management also cited stronger brand awareness and improving price-value perceptions. * Sweetgreen plans to slow development in 2027, with net openings expected to be about half the 2026 level as it prioritizes existing restaurant economics, site selection, and returns on investment. The company said it expects to resume accelerating unit growth in later years if performance improves. Sweetgreen trading up 3.2%. Shares of SG stock traded up $0.37 during midday trading on Friday, reaching $11.92. 12,911,641 shares of the stock were exchanged, compared to its average volume of 4,465,237. Sweetgreen has a 1 year low of $4.49 and a 1 year high of $12.49. The firm has a market cap of $1.42 billion, a PE ratio of 79.50 and a beta of 2.11. The company's 50 day moving average is $8.93 and its two-hundred day moving average is $7.31. Sweetgreen news summary. Here are the key news stories impacting Sweetgreen this week: * Sweetgreen reported Q3 revenue of $176.0 million, up 2.1% year over year and above the roughly $170 million consensus estimate. Its $0.26-per-share loss was in line with consensus and narrower than the year-earlier loss. Same-store sales fell 6.4%, an improvement from a 9.5% decline a year ago. * Several firms raised their targets: Oppenheimer and Wells Fargo moved to $14, while KeyCorp raised its target to $13; all maintained bullish ratings. The revisions may bolster confidence following the earnings release. * TD Cowen raised its target from $9 to $11 but kept a Hold rating; its new target remains below the stock's recent trading level. * Despite improvement, same-store sales remained negative and overall revenue growth was modest. Reports tie the sales pressure to the Cyclospora outbreak, leaving investors focused on whether the recovery can continue. Insider buying and selling. In related news, COO Jason Miles Cochran sold 4,809 shares of Sweetgreen stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $6.21, for a total transaction of $29,863.89. Following the sale, the chief operating officer directly owned 207,076 shares in the company, valued at $1,285,941.96. The trade was a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Jamie McConnell sold 15,033 shares of Sweetgreen stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $6.21, for a total value of $93,354.93. Following the sale, the chief financial officer owned 210,489 shares in the company, valued at $1,307,136.69. This represents a 6.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 18.19% of the company's stock. Analyst upgrades and downgrades. Several analysts recently issued reports on the company. UBS Group raised their target price on Sweetgreen from $6.50 to $11.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 28th. Royal Bank Of Canada upped their price target on Sweetgreen from $6.50 to $11.00 and gave the company an "outperform" rating in a research report on Tuesday, September 29th. Wells Fargo & Company increased their price objective on Sweetgreen from $11.00 to $14.00 and gave the stock an "overweight" rating in a report on Friday. Wall Street Zen upgraded Sweetgreen from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, KeyCorp lifted their price objective on Sweetgreen from $12.00 to $13.00 and gave the stock an "overweight" rating in a research report on Friday. Six equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, Sweetgreen has a consensus rating of "Hold" and an average target price of $9.88. Sweetgreen company profile. Sweetgreen, Inc operates a fast-casual restaurant company focused on fresh, customizable meals. Its menu includes salads, grain bowls, protein plates, sides, and beverages made with seasonal produce and other ingredients. Customers can order in restaurants or through Sweetgreen's website and mobile application, with options for pickup and delivery. Founded in 2007 by Nicolas Jammet, Jonathan Neman, and Nathaniel Ru, Sweetgreen began as a single restaurant in Washington, DC The company has expanded its restaurant network across metropolitan areas in the United States, with locations concentrated in major markets on the East and West coasts and in other regions. Receive News & Ratings for Sweetgreen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sweetgreen and related companies with MarketBeat.com's FREE daily email newsletter.

Yahoo Finance
Nov 7th, 2026
Sweetgreen returns to growth as October sales rise 5% and full-year guidance improves

Sweetgreen has returned to same-store sales growth after nearly two years of declines. The salad chain said October same-store sales rose 5% and traffic rose 4%. Third-quarter same-store sales fell 6.4%, hurt by a Cyclospora outbreak that scared diners away from salad chains. Revenue rose 2.1% to $176 million, beating estimates of $169.4 million. The adjusted EBITDA loss widened to $6.8 million from $4.4 million. The company raised its full-year outlook. It now expects same-store sales to fall 5.5%, against a prior range of 7% to 8%, and an adjusted EBITDA loss of $20 million to $23 million. Sweetgreen has 290 restaurants and sees room for at least 1,000. The stock rose 4% on Friday.

MarketBeat
Nov 6th, 2026
Oppenheimer issues positive forecast for Sweetgreen (NYSE:SG) stock price.

Oppenheimer issues positive forecast for Sweetgreen (NYSE:SG) stock price. November 6, 2026 Key points. * Oppenheimer raised Sweetgreen's price target from $8.50 to $14.00 and maintained an "outperform" rating, implying 13.9% upside from the previous close. * Analyst views remain mixed: six rate the stock Buy, nine Hold, and three Sell; the consensus rating is "Hold" with an average target of $9.76. * Quarterly revenue rose 2.1% year over year to $176.02 million, beating estimates, while Sweetgreen's $0.26-per-share loss matched consensus. Same-store sales were still declining, though the drop improved from the prior year. * Five stocks to consider instead of Sweetgreen. Sweetgreen (NYSE:SG - Get Free Report) had its price objective increased by equities research analysts at Oppenheimer from $8.50 to $14.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Oppenheimer's target price would suggest a potential upside of 13.90% from the stock's previous close. Other research analysts have also issued reports about the stock. TD Cowen raised their price target on shares of Sweetgreen from $9.00 to $11.00 and gave the company a "hold" rating in a research note on Friday. DA Davidson set a $12.00 price objective on Sweetgreen in a research note on Friday. Morgan Stanley increased their target price on Sweetgreen from $7.00 to $8.00 and gave the company an "equal weight" rating in a report on Thursday, October 15th. Wall Street Zen upgraded Sweetgreen from a "strong sell" rating to a "sell" rating in a research report on Sunday, August 16th. Finally, Citigroup lifted their price target on Sweetgreen from $8.00 to $13.00 and gave the stock a "buy" rating in a research note on Friday, October 23rd. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $9.76. Sweetgreen stock performance. Sweetgreen stock traded up $0.74 during trading on Friday, reaching $12.29. The company had a trading volume of 3,972,479 shares, compared to its average volume of 5,060,094. The firm's 50-day simple moving average is $8.83 and its 200 day simple moving average is $7.28. Sweetgreen has a 1-year low of $4.49 and a 1-year high of $12.31. The firm has a market capitalization of $1.46 billion, a PE ratio of 122.56 and a beta of 2.11. Discover more MarketBeat All Access MarketBeat Portfolio Tracker MarketBeat Research Tools Sweetgreen (NYSE:SG - Get Free Report) last posted its quarterly earnings data on Friday, November 6th. The company reported ($0.26) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.26). Sweetgreen had a net margin of 2.01% and a negative return on equity of 32.94%. The company had revenue of $176.02 million during the quarter, compared to analysts' expectations of $170.07 million. During the same period in the prior year, the business posted ($0.31) earnings per share. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. Analysts anticipate that Sweetgreen will post -1.04 EPS for the current year. Insider activity at Sweetgreen. In other Sweetgreen news, CFO Jamie McConnell sold 15,033 shares of the company's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $6.21, for a total value of $93,354.93. Following the completion of the sale, the chief financial officer directly owned 210,489 shares in the company, valued at $1,307,136.69. This represents a 6.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Jason Miles Cochran sold 4,809 shares of the company's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $6.21, for a total value of $29,863.89. Following the completion of the sale, the chief operating officer owned 207,076 shares of the company's stock, valued at approximately $1,285,941.96. The trade was a 2.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 18.19% of the stock is currently owned by company insiders. Institutional investors weigh in on Sweetgreen. A number of hedge funds have recently modified their holdings of the company. Fulcrum Asset Management LLP boosted its position in shares of Sweetgreen by 5,967.2% during the 3rd quarter. Fulcrum Asset Management LLP now owns 13,894 shares of the company's stock worth $121,000 after purchasing an additional 13,665 shares during the period. Sterling Capital Management LLC increased its holdings in Sweetgreen by 175.2% in the 3rd quarter. Sterling Capital Management LLC now owns 2,936 shares of the company's stock valued at $26,000 after purchasing an additional 1,869 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Sweetgreen in the 3rd quarter valued at approximately $68,000. Curated Wealth Partners LLC acquired a new stake in Sweetgreen in the 3rd quarter valued at approximately $480,000. Finally, Eastern Bank raised its position in Sweetgreen by 7.3% in the third quarter. Eastern Bank now owns 27,054 shares of the company's stock valued at $240,000 after purchasing an additional 1,830 shares during the period. Hedge funds and other institutional investors own 95.75% of the company's stock. Here are the key news stories impacting Sweetgreen this week: * Higher targets from two bullish analysts: Wells Fargo raised its target from $11 to $14 and KeyCorp lifted its target from $12 to $13; both reiterated overweight ratings. The revisions may support investor optimism. * Q3 revenue beat estimates and sales trends improved: Revenue was $176.0 million, up 2.1% year over year and above analysts' expectations. Same-store sales fell 6.4%, an improvement from a 9.5% decline a year earlier. Sweetgreen's quarterly loss was narrower than the year-ago loss, and one estimate put it below consensus. * TD Cowen raised its target but stayed cautious: The firm increased its target from $9 to $11, but kept a hold rating; its target is below the cited current share price. * Recovery remains incomplete: Same-store sales were still down, and revenue growth was modest. Coverage also highlighted the lingering impact of a cyclospora outbreak and slower growth, tempering the otherwise better-than-expected results. Sweetgreen company profile. Sweetgreen, Inc operates a fast-casual restaurant company focused on fresh, customizable meals. Its menu includes salads, grain bowls, protein plates, sides, and beverages made with seasonal produce and other ingredients. Customers can order in restaurants or through Sweetgreen's website and mobile application, with options for pickup and delivery. Founded in 2007 by Nicolas Jammet, Jonathan Neman, and Nathaniel Ru, Sweetgreen began as a single restaurant in Washington, DC The company has expanded its restaurant network across metropolitan areas in the United States, with locations concentrated in major markets on the East and West coasts and in other regions. Further reading. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Sweetgreen, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sweetgreen wasn't on the list. While Sweetgreen currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. The AI boom extends far beyond the biggest tech names. Discover 10 companies supplying the memory, storage, networking, semiconductor manufacturing, and power infrastructure that make AI possible. Learn where the next wave of AI investment opportunities may emerge - and the key risks investors should watch as the global AI buildout accelerates. Continue following MarketBeat

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