Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Megatrend and thematic drivers
Megatrends include Health & Wellness Trends, Vegan & Alternative Foods, and E-commerce & DTC Adoption. Themes include Organic & Natural Products, Show more.

Weak multi-year price returns
2Y Excs Rtn is -103%, 3Y Excs Rtn is -83%

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 18%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -117 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -17%

Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 58x, P/EPrice/Earnings or Price/(Net Income) is 65x

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.5%, Rev Chg QQuarterly Revenue Change % is -2.9%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.5%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -19%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.7%

Key risks
SG key risks include [1] a premium pricing model that has created a significant "value perception problem," leading to declining customer traffic, Show more.

0 Megatrend and thematic drivers
Megatrends include Health & Wellness Trends, Vegan & Alternative Foods, and E-commerce & DTC Adoption. Themes include Organic & Natural Products, Show more.
1 Weak multi-year price returns
2Y Excs Rtn is -103%, 3Y Excs Rtn is -83%
2 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 18%
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -117 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -17%
4 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 58x, P/EPrice/Earnings or Price/(Net Income) is 65x
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.5%, Rev Chg QQuarterly Revenue Change % is -2.9%
6 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.5%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -19%
7 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.7%
8 Key risks
SG key risks include [1] a premium pricing model that has created a significant "value perception problem," leading to declining customer traffic, Show more.

SG in ETFs

Weight = SG's share of each fund

VTI0.00%
ITOT0.00%
IWM0.03%
VB0.01%
IWO0.05%
VTWO0.03%
SCHA0.02%
DFAS0.01%
+3 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/24/2026

Sweetgreen (SG) stock has gained about 65% since 2/28/2026 because of the following key factors:

1. Optimism surrounding the "Sweetgrowth Transformation Plan" and new menu items.

Sweetgreen's "Sweetgrowth Transformation Plan," launched in fiscal Q4 2025 (November 2025), and the nationwide introduction of new "Wraps" have generated investor optimism regarding a potential business turnaround. Management's commentary on improving traffic trends into March and April 2026, despite a reported fiscal Q1 2026 comparable sales decline of 12.8%, suggested early signs of operational stabilization.

2. Significant reduction in short interest.

Bearish sentiment against Sweetgreen lessened as the number of shares sold short decreased from approximately 27% of the float at the end of March 2026 to less than 20% by the end of May 2026. This reduction in speculative selling pressure contributed to the stock's upward movement.

Show more
Updated on 6/24/2026

Sweetgreen (SG) stock has gained about 65% since 2/28/2026 because of the following key factors:

1. Optimism surrounding the "Sweetgrowth Transformation Plan" and new menu items.

Sweetgreen's "Sweetgrowth Transformation Plan," launched in fiscal Q4 2025 (November 2025), and the nationwide introduction of new "Wraps" have generated investor optimism regarding a potential business turnaround. Management's commentary on improving traffic trends into March and April 2026, despite a reported fiscal Q1 2026 comparable sales decline of 12.8%, suggested early signs of operational stabilization.

2. Significant reduction in short interest.

Bearish sentiment against Sweetgreen lessened as the number of shares sold short decreased from approximately 27% of the float at the end of March 2026 to less than 20% by the end of May 2026. This reduction in speculative selling pressure contributed to the stock's upward movement.

3. Perceived undervaluation after a steep decline.

After plunging to an all-time low of $4.49 in March 2026, Sweetgreen's stock became more attractive to investors. It was trading at a discount on a price-to-sales basis compared to several fast-casual restaurant peers, which spurred renewed interest and contributed to a sharp rebound.

4. Unexpected GAAP EPS beat in fiscal Q1 2026 due to one-time gains.

Sweetgreen reported a GAAP earnings per share (EPS) of $1.05 for fiscal Q1 2026 (ended March 29, 2026), significantly surpassing the forecasted -$0.21. This considerable beat, attributed to one-time gains despite a revenue miss of 2.9% year-over-year and declining same-store sales, helped spark investor optimism, leading to a stock rally in aftermarket trading.

Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The 64.7% change in SG stock from 2/28/2026 to 6/26/2026 was primarily driven by a 66.2% change in the company's P/S Multiple.
(LTM values as of)22820266262026Change
Stock Price ($)5.559.1464.7%
Change Contribution By: 
Total Revenues ($ Mil)679675-0.7%
P/S Multiple1.01.666.2%
Shares Outstanding (Mil)118119-0.2%
Cumulative Contribution64.7%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/26/2026
ReturnCorrelation
SG64.7% 
Market (SPY)6.6%26.5%
Sector (XLY)-1.9%42.3%

Fundamental Drivers

The 40.8% change in SG stock from 11/30/2025 to 6/26/2026 was primarily driven by a 43.5% change in the company's P/S Multiple.
(LTM values as of)113020256262026Change
Stock Price ($)6.499.1440.8%
Change Contribution By: 
Total Revenues ($ Mil)685675-1.5%
P/S Multiple1.11.643.5%
Shares Outstanding (Mil)118119-0.3%
Cumulative Contribution40.8%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/26/2026
ReturnCorrelation
SG40.8% 
Market (SPY)7.3%30.2%
Sector (XLY)-2.9%43.2%

Fundamental Drivers

The -31.9% change in SG stock from 5/31/2025 to 6/26/2026 was primarily driven by a -30.0% change in the company's P/S Multiple.
(LTM values as of)53120256262026Change
Stock Price ($)13.429.14-31.9%
Change Contribution By: 
Total Revenues ($ Mil)685675-1.5%
P/S Multiple2.31.6-30.0%
Shares Outstanding (Mil)117119-1.1%
Cumulative Contribution-31.9%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/26/2026
ReturnCorrelation
SG-31.9% 
Market (SPY)25.1%25.5%
Sector (XLY)7.8%36.7%

Fundamental Drivers

The -4.1% change in SG stock from 5/31/2023 to 6/26/2026 was primarily driven by a -25.3% change in the company's P/S Multiple.
(LTM values as of)53120236262026Change
Stock Price ($)9.539.14-4.1%
Change Contribution By: 
Total Revenues ($ Mil)49367537.0%
P/S Multiple2.21.6-25.3%
Shares Outstanding (Mil)111119-6.2%
Cumulative Contribution-4.1%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/26/2026
ReturnCorrelation
SG-4.1% 
Market (SPY)81.3%35.4%
Sector (XLY)54.6%36.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SG Return-35%-73%32%184%-79%33%-82%
Peers Return5%-25%43%62%-30%4%35%
S&P 500 Return27%-19%24%23%16%7%96%

Monthly Win Rates [3]
SG Win Rate0%42%50%58%42%33% 
Peers Win Rate46%29%53%67%38%57% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
SG Max Drawdown--79%-46%-32%-85%-42% 
Peers Max Drawdown-35%-46%-29%-26%-48%-35% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: CAVA, CMG, SHAK, WING, LOCO.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/26/2026 (YTD)

How Low Can It Go

EventSGS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-43.9%-9.5%
  % Gain to Breakeven78.3%10.5%
  Time to Breakeven112 days24 days
2023 SVB Regional Banking Crisis
  % Loss-33.2%-6.7%
  % Gain to Breakeven49.8%7.1%
  Time to Breakeven49 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-63.5%-24.5%
  % Gain to Breakeven174.0%32.4%
  Time to Breakeven681 days427 days

Compare to CAVA, CMG, SHAK, WING, LOCO

In The Past

Sweetgreen's stock fell -0.5% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventSGS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-43.9%-9.5%
  % Gain to Breakeven78.3%10.5%
  Time to Breakeven112 days24 days
2023 SVB Regional Banking Crisis
  % Loss-33.2%-6.7%
  % Gain to Breakeven49.8%7.1%
  Time to Breakeven49 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-63.5%-24.5%
  % Gain to Breakeven174.0%32.4%
  Time to Breakeven681 days427 days

Compare to CAVA, CMG, SHAK, WING, LOCO

In The Past

Sweetgreen's stock fell -0.5% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Sweetgreen (SG)

Sweetgreen (SG) operates a chain of fast-casual restaurants, providing healthy food options to consumers. The company's core offering revolves around meals prepared with seasonal and organic ingredients, catering to individuals seeking nutritious and convenient dining experiences.

In addition to traditional dine-in service, Sweetgreen leverages technology through its online and mobile ordering platforms, enabling customers to easily place orders for pickup or delivery. The company also sells gift cards, further expanding its service offerings and facilitating customer engagement.

With a presence across 13 states and Washington, D.C., and operating 140 restaurants as of September 2021, Sweetgreen primarily serves health-conscious consumers in urban and suburban markets who value high-quality, quick-service meals.

AI Analysis | Feedback

Analogies:
  • Chipotle for salads and healthy bowls.
  • A healthier, salad-focused version of Panera Bread.

AI Analysis | Feedback

  • Healthy Fast-Casual Meals: Sweetgreen's primary product offering consists of salads, warm bowls, and other healthy food items prepared with seasonal and organic ingredients for consumption in their restaurants or through takeout.
  • Gift Cards: The company sells redeemable gift cards that customers can purchase and use to pay for meals at its restaurants.

AI Analysis | Feedback

```html

Sweetgreen (SG) primarily sells to individuals rather than other companies. As a fast-casual restaurant chain, its business model involves serving food directly to consumers through its physical locations and online/mobile ordering platforms.

Based on the company's offerings and the nature of the fast-casual dining industry, Sweetgreen serves the following categories of customers:

  • Health-conscious consumers: Individuals who prioritize healthy eating, fresh, seasonal, and organic ingredients, and may have specific dietary preferences or restrictions (e.g., vegetarian, vegan, gluten-free).
  • Urban professionals and office workers: Customers seeking convenient, quick, and healthy lunch or dinner options, often located near their workplaces in urban centers and who frequently utilize online and mobile ordering for efficiency.
  • Younger demographics and students: Individuals, including college students and younger adults, who are often early adopters of health-focused food trends, appreciate modern dining experiences, and value the convenience of mobile ordering.
```

AI Analysis | Feedback

null

AI Analysis | Feedback

Sweetgreen's management team includes:

Jonathan Neman

Chief Executive Officer + Co-Founder Jonathan Neman co-founded Sweetgreen in 2007, and has served as its CEO since December 2017 and President since February 2018. He also serves as the Chair of the Board. Neman graduated from Georgetown University's McDonough School of Business. He has led the company's expansion from a small regional chain to a national brand and guided it through its initial public offering. His career has been primarily focused on Sweetgreen, and there is no public information indicating he founded or managed other companies, sold companies to acquirers, or has a pattern of managing private equity-backed firms.

Jamie McConnell

Chief Financial Officer Jamie McConnell was appointed Chief Financial Officer of Sweetgreen, effective September 22, 2025. Before joining Sweetgreen, McConnell served as Chief Accounting and Administrative Officer at Chipotle Mexican Grill since 2018. She brings over 20 years of financial leadership experience in the restaurant, retail, and e-commerce industries, with previous roles at Aviation Capital Group, Rent-A-Center, Allergan, and Deloitte. There is no public information indicating she founded or managed other companies, sold companies to acquirers, or has a pattern of managing private equity-backed firms.

Nicolas Jammet

Chief Concept Officer + Co-Founder Nicolas Jammet co-founded Sweetgreen in 2007, along with Jonathan Neman and Nathaniel Ru, after graduating from Georgetown University's McDonough School of Business. He currently serves as the Chief Concept Officer.

Jason Cochran

Chief Operating Officer Jason Cochran was appointed Chief Operating Officer of Sweetgreen, effective May 5, 2025. He has more than two decades of executive leadership experience in the restaurant and consumer retail sectors. Prior to Sweetgreen, he was CEO and a board member of American West Restaurant Group, a large Pizza Hut franchisee. His career also includes serving as Vice President of Operations Services at Chipotle Mexican Grill and 14 years at GameStop, where he was Senior Vice President of U.S. stores.

Wouleta Ayele

Chief Technology Officer Wouleta Ayele serves as Sweetgreen's Chief Technology Officer.

AI Analysis | Feedback

The key risks to Sweetgreen's business, trading under the symbol SG, are primarily driven by challenging macroeconomic conditions, persistent profitability issues, and intense competition within the fast-casual dining sector.

  1. Macroeconomic Pressures and Declining Customer Traffic/Value Perception: Sweetgreen faces significant headwinds from macroeconomic pressures, leading to a decline in customer traffic and a struggle to justify its premium pricing. The company has reported decreasing same-store sales and negative traffic, as price-sensitive customers, particularly younger demographics, cut back on meals out of home. This risk is exacerbated by a "more selective consumer environment" where consumers are less willing to pay higher prices for Sweetgreen's offerings.
  2. Persistent Operating Losses, Cost Volatility, and Profitability Challenges: Sweetgreen has consistently recorded net losses and experienced a deterioration in profit margins. The company's cost structure, including rising labor, food, and rent expenses, significantly erodes profitability. Supply chain disruptions and commodity price volatility for ingredients like produce and proteins further strain margins and operational efficiency.
  3. Intense Competition: Sweetgreen operates in a highly competitive fast-casual dining industry, facing rivals such as Chipotle, CAVA, Chopt, Just Salad, and Panera. This competitive landscape puts pressure on Sweetgreen's market share and pricing strategy, especially as other chains introduce their own "better-for-you" options or offer more affordable alternatives. The increased restaurant supply growth is outpacing demand, intensifying consumer choice and price transparency.

AI Analysis | Feedback

Sweetgreen faces clear emerging threats from the following:

  • The rise of ghost kitchens and virtual brands: These delivery-only food operations leverage lower overhead costs by not requiring physical dining spaces, allowing them to compete aggressively on price, speed, and specialized menus for the growing online food delivery market. They can quickly adapt to trends and operate efficiently through third-party delivery platforms, directly challenging Sweetgreen's significant online and mobile ordering business.
  • The expansion of direct-to-consumer (DTC) prepared meal services: Companies offering healthy, pre-cooked meals delivered directly to consumers on a subscription or on-demand basis provide a convenient alternative to restaurant take-out or delivery. Services like Factor_ or Freshly target consumers seeking consistent healthy eating options for their weekly meals, potentially reducing the frequency with which they would order from fast-casual restaurants like Sweetgreen.

AI Analysis | Feedback

Sweetgreen operates within several significant addressable markets, primarily in the United States, given its focus on fast-casual dining and healthy food options.

The **U.S. Fast Casual Restaurants Market** is a substantial addressable market for Sweetgreen. This market was valued at approximately $84.1 billion in 2025 and is projected to reach $115.5 billion by 2026. Globally, the fast-casual restaurants market was valued at $144.8 billion in 2024 and is projected to reach $230 billion by 2030, with North America dominating this segment. The U.S. fast casual restaurants market size is valued to increase by $84.5 billion, at a Compound Annual Growth Rate (CAGR) of 13.7% from 2024 to 2029.

Another key addressable market is the **U.S. Healthy Food Market**, also referred to as the Health & Wellness Food Market. The U.S. Healthy Food Market size was valued at $279.83 billion in 2025 and is projected to reach $476.74 billion by 2033. Similarly, the demand for health and wellness foods in the USA was valued at $183.7 billion in 2025 and is forecasted to reach $328.6 billion by 2035, growing at a CAGR of 6.0%. North America, as a region, dominated the Healthy Food Market, accounting for 40.69% of the revenue share in 2025.

More specifically, for Sweetgreen's core product of salads, the **North American Soup and Salad Restaurant Market** is also a relevant segment. This market in North America accounted for $19.6 billion in 2024. The global soup and salad restaurant market was valued at $45.8 billion in 2024 and is estimated to reach approximately $82.1 billion by 2033, growing at a CAGR of 6.7%.

AI Analysis | Feedback

Sweetgreen (SG) is expected to drive future revenue growth over the next 2-3 years through a combination of strategic initiatives. These include expanding its physical footprint, continuous menu development, leveraging advanced technology, and enhancing its digital customer engagement. Here are the key drivers of future revenue growth for Sweetgreen:
  • Expansion through New Restaurant Openings: Sweetgreen plans to continue opening new restaurants, which is a core driver of top-line revenue growth. The company aimed for 24-26 net new restaurant openings in fiscal year 2024 and intends to accelerate unit growth in 2025. In 2025, Sweetgreen opened 35 net new restaurants, bringing its total to 281 locations. For fiscal year 2026, the company expects to open approximately 15 net new restaurants.
  • Menu Innovation: Sweetgreen emphasizes menu innovation to attract and retain customers. This has been highlighted as a key growth driver and a continuous focus. The company has a robust innovation pipeline, including the launch of wraps, which are anticipated to broaden its customer base and boost sales.
  • Technological Advancements, particularly the Infinite Kitchen: Sweetgreen is investing in technology such as the "Infinite Kitchen" to improve operational efficiency and enhance the customer experience. This technology is designed to deliver faster service, improve order accuracy, and elevate food quality, contributing to higher average unit volumes and labor savings. Sweetgreen has been actively implementing Infinite Kitchens, with plans for nearly half of its 2026 net new restaurants to feature this technology.
  • Growth of Digital Channels and Loyalty Programs: The company is focused on increasing sales through its online and mobile ordering platforms and its loyalty program, SG Rewards. Digital sales constituted 59% of total fiscal year revenue in 2023, with a significant portion coming from Sweetgreen's own digital channels. The SG Rewards program, introduced in 2025, is designed to incentivize direct ordering and deepen guest engagement, driving owned digital growth. Total digital revenue reached 61.8% in Q3 2025.

AI Analysis | Feedback

Share Issuance

  • Sweetgreen completed its Initial Public Offering (IPO) in November 2021, selling 13 million shares of Class A common stock at $28 per share, which generated $364 million in net proceeds.
  • The company's shares outstanding have increased by 5.59% since its IPO in late 2021.
  • As part of the acquisition of Spyce Food Co. in September 2021, Sweetgreen issued 1,843,493 shares of Class S stock, valued at approximately $37 million, with a potential for an additional $20 million in Class A common stock contingent on performance milestones by June 30, 2026.

Inbound Investments

  • Prior to its IPO, Sweetgreen raised $156 million in a funding round in January 2021 led by Durable Capital Partners.

Outbound Investments

  • Sweetgreen acquired Spyce Food Co. in September 2021 for $51.3 million to integrate its robotic kitchen technology, known as "Infinite Kitchen," into its operations.
  • In November 2025, Sweetgreen sold its Spyce business to Wonder for $186.4 million, receiving $100 million in cash and $86.4 million in Series C Preferred Stock from Wonder, while retaining rights to deploy the Infinite Kitchen technology.

Capital Expenditures

  • Sweetgreen's capital expenditures were $85 million in 2021, $97 million in 2022, $90 million in 2023, and $84 million in 2024.
  • The primary focus of capital expenditures has been on opening new restaurants and integrating the Infinite Kitchen technology.
  • For 2025, Sweetgreen planned to open 37 net new restaurants, with about half featuring Infinite Kitchen technology, and for 2026, the company plans to open 15 to 20 net new restaurants, with a focus on lowering capital expenditures.

Better Bets vs. Sweetgreen (SG)

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

SGCAVACMGSHAKWINGLOCOMedian
NameSweetgre.Cava Chipotle.Shake Sh.Wingstop El Pollo. 
Mkt Price9.1483.4033.3456.87166.7616.8245.11
Mkt Cap1.19.743.32.34.60.53.4
Rev LTM6751,28612,1391,491709497998
Op Inc LTM-117921,938831914687
FCF LTM-127391,506161322733
FCF 3Y Avg-81221,439181012624
CFO LTM-172102,20820018956194
CFO 3Y Avg141602,06617115348157

Growth & Margins

SGCAVACMGSHAKWINGLOCOMedian
NameSweetgre.Cava Chipotle.Shake Sh.Wingstop El Pollo. 
Rev Chg LTM-1.5%24.1%5.7%16.2%9.0%4.4%7.3%
Rev Chg 3Y Avg11.6%28.4%10.6%16.2%22.5%1.6%13.9%
Rev Chg Q-2.9%32.1%7.4%14.3%7.4%5.9%7.4%
QoQ Delta Rev Chg LTM-0.7%9.0%1.8%3.2%1.8%1.4%1.8%
Op Inc Chg LTM-37.5%33.6%-4.3%48.4%14.9%11.9%13.4%
Op Inc Chg 3Y Avg3.1%229.7%12.3%316.0%23.6%10.2%17.9%
Op Mgn LTM-17.4%7.1%16.0%5.5%27.0%9.2%8.2%
Op Mgn 3Y Avg-15.2%6.2%16.8%4.2%26.2%8.7%7.4%
QoQ Delta Op Mgn LTM-1.0%0.4%-0.9%-0.4%0.3%0.5%-0.0%
CFO/Rev LTM-2.5%16.4%18.2%13.4%26.7%11.3%14.9%
CFO/Rev 3Y Avg2.3%15.3%18.3%13.2%24.7%10.0%14.2%
FCF/Rev LTM-18.8%3.0%12.4%1.1%18.6%5.4%4.2%
FCF/Rev 3Y Avg-12.1%1.6%12.8%1.3%16.3%5.4%3.5%

Valuation

SGCAVACMGSHAKWINGLOCOMedian
NameSweetgre.Cava Chipotle.Shake Sh.Wingstop El Pollo. 
Mkt Cap1.19.743.32.34.60.53.4
P/S1.67.53.61.56.51.02.6
P/Op Inc-9.2105.922.327.723.910.823.1
P/EBIT58.4105.922.333.224.010.928.6
P/E64.6157.529.855.641.017.048.3
P/CFO-64.846.119.611.524.28.815.5
Total Yield1.5%0.6%3.4%1.8%3.2%5.9%2.5%
Dividend Yield0.0%0.0%0.0%0.0%0.7%0.0%0.0%
FCF Yield 3Y Avg-8.2%0.2%2.5%0.5%1.8%7.8%1.1%
D/E0.30.00.10.40.30.50.3
Net D/E0.20.00.10.30.20.50.2

Returns

SGCAVACMGSHAKWINGLOCOMedian
NameSweetgre.Cava Chipotle.Shake Sh.Wingstop El Pollo. 
1M Rtn-9.5%1.5%2.0%-11.7%9.6%21.4%1.7%
3M Rtn94.5%10.6%8.0%-30.1%8.2%21.8%9.4%
6M Rtn31.1%38.7%-11.8%-32.1%-34.7%54.7%9.7%
12M Rtn-33.0%7.4%-38.6%-58.9%-51.1%52.9%-35.8%
3Y Rtn-24.1%83.1%-19.3%-24.1%-13.8%83.1%-16.6%
1M Excs Rtn-7.3%3.7%4.2%-9.5%11.9%23.6%3.9%
3M Excs Rtn71.1%-7.8%-9.9%-46.7%-6.1%5.6%-7.0%
6M Excs Rtn30.8%34.1%-18.2%-39.5%-39.9%52.3%6.3%
12M Excs Rtn-48.6%-8.0%-60.2%-78.2%-73.6%34.9%-54.4%
3Y Excs Rtn-83.0%49.1%-88.1%-92.8%-80.3%2.3%-81.7%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
In-Store Channel (Non-Digital component)260295   
Owned Digital Channels235206   
Marketplace Revenue185176   
Single Segment  584470340
Total679677584470340


Price Behavior

Price Behavior
Market Price$9.14 
Market Cap ($ Bil)1.1 
First Trading Date11/18/2021 
Distance from 52W High-43.8% 
   50 Days200 Days
DMA Price$7.95$6.97
DMA Trenddownup
Distance from DMA15.0%31.2%
 3M1YR
Volatility83.9%75.1%
Downside Capture-211.50124.81
Upside Capture126.5548.50
Correlation (SPY)18.4%24.1%
SG Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta-2.360.121.802.101.741.82
Up Beta1.942.212.862.272.141.81
Down Beta-8.88-4.342.242.852.511.93
Up Capture191%214%263%272%82%455%
Bmk +ve Days13283667141432
Stock +ve Days12253260114376
Down Capture-911%-684%9%137%146%112%
Bmk -ve Days7132757109318
Stock -ve Days7153062130364

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SG
SG-21.6%75.1%-0.00-
Sector ETF (XLY)8.0%18.5%0.2834.9%
Equity (SPY)21.2%12.4%1.2623.4%
Gold (GLD)21.8%27.7%0.70-5.7%
Commodities (DBC)21.8%18.6%0.92-20.2%
Real Estate (VNQ)16.1%13.6%0.8518.5%
Bitcoin (BTCUSD)-44.7%42.5%-1.2718.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SG
SG-27.5%79.7%-0.10-
Sector ETF (XLY)6.7%23.9%0.2443.7%
Equity (SPY)13.4%17.1%0.6141.0%
Gold (GLD)17.8%18.3%0.794.0%
Commodities (DBC)7.4%19.5%0.283.2%
Real Estate (VNQ)3.4%18.9%0.0834.0%
Bitcoin (BTCUSD)10.7%54.0%0.3926.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SG
SG-14.8%79.7%-0.10-
Sector ETF (XLY)12.5%22.1%0.5243.7%
Equity (SPY)15.2%18.0%0.7241.0%
Gold (GLD)11.8%16.1%0.604.0%
Commodities (DBC)5.9%18.0%0.263.2%
Real Estate (VNQ)5.6%20.7%0.2334.0%
Bitcoin (BTCUSD)54.6%66.4%0.9526.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity20.8 Mil
Short Interest: % Change Since 53120265.4%
Average Daily Volume6.0 Mil
Days-to-Cover Short Interest3.5 days
Basic Shares Quantity118.7 Mil
Short % of Basic Shares17.5%

Earnings Returns History

Updated 6/10/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/7/20261.9%0.3%9.3%
2/26/2026-9.6%-6.4%-23.5%
11/6/2025-7.5%-5.0%10.4%
8/7/2025-23.1%-27.7%-35.2%
5/8/2025-16.2%-16.2%-22.9%
2/26/20250.0%-0.6%14.6%
11/7/2024-5.9%-20.2%-10.7%
8/8/202433.4%40.1%9.2%
...
SUMMARY STATS   
# Positive979
# Negative9119
Median Positive12.7%34.9%15.4%
Median Negative-9.6%-14.0%-23.5%
Max Positive34.0%48.3%99.1%
Max Negative-23.1%-32.5%-36.9%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/7/20261.9%0.3%9.3%
2/26/2026-9.6%-6.4%-23.5%
11/6/2025-7.5%-5.0%10.4%
8/7/2025-23.1%-27.7%-35.2%
5/8/2025-16.2%-16.2%-22.9%
2/26/20250.0%-0.6%14.6%
11/7/2024-5.9%-20.2%-10.7%
8/8/202433.4%40.1%9.2%
5/9/202434.0%34.9%38.4%
2/29/202428.4%45.4%99.1%
11/2/2023-12.1%-18.8%-10.0%
7/27/2023-8.7%-6.1%-10.0%
5/4/202312.7%15.8%30.1%
2/23/20233.2%-10.9%-30.1%
11/8/2022-20.9%-14.0%-36.9%
8/9/20228.0%24.3%15.4%
5/5/2022-8.9%-32.5%-36.8%
3/3/202225.4%48.3%48.7%
SUMMARY STATS   
# Positive979
# Negative9119
Median Positive12.7%34.9%15.4%
Median Negative-9.6%-14.0%-23.5%
Max Positive34.0%48.3%99.1%
Max Negative-23.1%-32.5%-36.9%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/08/202610-Q
12/31/202502/27/202610-K
09/30/202511/07/202510-Q
06/30/202508/08/202510-Q
03/31/202505/08/202510-Q
12/31/202402/27/202510-K
09/30/202411/08/202410-Q
06/30/202408/09/202410-Q
03/31/202405/10/202410-Q
12/31/202302/29/202410-K
09/30/202311/03/202310-Q
06/30/202307/28/202310-Q
03/31/202305/05/202310-Q
12/31/202202/23/202310-K
09/30/202211/09/202210-Q
06/30/202208/10/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/08/202610-Q
12/31/202502/27/202610-K
09/30/202511/07/202510-Q
06/30/202508/08/202510-Q
03/31/202505/08/202510-Q
12/31/202402/27/202510-K
09/30/202411/08/202410-Q
06/30/202408/09/202410-Q
03/31/202405/10/202410-Q
12/31/202302/29/202410-K
09/30/202311/03/202310-Q
06/30/202307/28/202310-Q
03/31/202305/05/202310-Q
12/31/202202/23/202310-K
09/30/202211/09/202210-Q
06/30/202208/10/202210-Q
03/31/202205/06/202210-Q
12/31/202103/04/202210-K
09/30/202111/19/2021424B4

Recent Forward Guidance

Updated 6/1/2026

Latest: Q1 2026 Earnings Reported 5/7/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Net New Restaurant Openings 13 -13.3% LoweredGuidance: 15 for 2026
2026 Same-Store Sales Change-0.04-0.03-0.0200AffirmedGuidance: -0.03 for 2026
2026 Restaurant-Level Profit Margin14.2%14.45%14.7%00AffirmedGuidance: 14.45% for 2026
2026 Adjusted EBITDA1.00 Mil3.50 Mil6.00 Mil0 AffirmedGuidance: 3.50 Mil for 2026

Prior: Q4 2025 Earnings Reported 2/26/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Net New Restaurant Openings 15 -40.0% LoweredGuidance: 25 for 2025
2026 Same-Store Sales Change-0.04-0.03-0.02-146.2%-9.5%LoweredGuidance: 0.07 for 2025
2026 Restaurant-Level Profit Margin14.2%14.45%14.7%-26.8%-5.3%LoweredGuidance: 19.75% for 2025
2026 Adjusted EBITDA1.00 Mil3.50 Mil6.00 Mil-82.0% LoweredGuidance: 19.50 Mil for 2025

Insider Activity

Updated 6/15/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Cochran, Jason MilesChief Operating OfficerDirectSell51920267.9915,038120,1581,693,025Form
2McConnell, JamieChief Financial OfficerDirectSell51920268.001,40111,2081,804,176Form
3Goldman, Sachs Group Inc See footnotesBuy40920265.69594,5533,382,59567,704,223Form
4Jammet, NicolasChief Concept OfficerSee footnoteBuy30920265.714,42825,284128,721Form
5Jammet, NicolasChief Concept OfficerSee footnoteBuy111220255.5118,11599,80499,804Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Cochran, Jason MilesChief Operating OfficerDirectSell51920267.9915,038120,1581,693,025Form
2McConnell, JamieChief Financial OfficerDirectSell51920268.001,40111,2081,804,176Form
3Goldman, Sachs Group Inc See footnotesBuy40920265.69594,5533,382,59567,704,223Form
4Jammet, NicolasChief Concept OfficerSee footnoteBuy30920265.714,42825,284128,721Form
5Jammet, NicolasChief Concept OfficerSee footnoteBuy111220255.5118,11599,80499,804Form
6Neman, JonathanCHIEF EXECUTIVE OFFICERSee footnoteBuy111220255.56179,800999,688999,688Form
7Reback, MitchCHIEF FINANCIAL OFFICERDirectSell81920259.1911,530105,9612,967,368Form
Core Cache Last Updated: 6/26/2026