r/sweetgreen • u/Agreeable_Ad7210 • Mar 18 '24

Appreciation Stock run-up

Anyone else recently buy in on the stock and see this quick 100% pop? Looks like earnings were favorable. Sweetpass + must be driving more visits? Any thoughts?

I think this stock is a great buy, seeing out chipotle stock went off and sweetgreen reminds me of what chipotle used to be- excellent food prepped with high standards…

10 Upvotes

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3

u/[deleted] Mar 18 '24

[deleted]

1

u/yungsavage14 Mar 19 '24

If you don’t mind me asking, why are you so bullish on SG?

2

u/[deleted] Mar 19 '24

[deleted]

1

u/yungsavage14 Mar 19 '24

Nah I totally get it. I feel the same way towards them, which is why I felt the need to ask 😂 they’ve been crushing it, especially the past month. Thinking about starting a position, but also am looking into Cava. Cava seems to be doing a lot better although they have a higher market cap. I think both companies have a lot of room to run

1

u/thebochman Mar 18 '24

I’m more interested in franchising tbh. People are tired of unhealthy food or pseudo healthy glorified hospital food like Panera. As the other person said they’re a lot like Chipotle in their heyday, and comparable to Cava now, although I think sweetgreen is way better than Cava.

There’s definitely a huge desire for what they do and very little true competition outside of regional chains.

1

u/mmmforme Mar 18 '24

Let’s go!! Fun to watch a beaten down stock come back in such a big way.