Added to YB: 2024-03-27
Pitch date: 2024-03-26
SG [bearish]
Sweetgreen, Inc.
+70.52%
current return
Author Info
No bio for this author
Company Info
Sweetgreen, Inc., together with its subsidiaries, operates fast food restaurants serving healthy food and beverages in the United States.
Market Cap
$2.4B
Pitch Price
$24.63
Price Target
11.78 (+62%)
Dividend
N/A
EV/EBITDA
86.09
P/E
-26.41
EV/Sales
3.79
Sector
Hotels, Restaurants and Leisure
Category
N/A
Savant Investors' Idea Spotlight: Sweetgreen (short)
SG: Expect 54% downside by '25 due to 1) Suburbs & high costs limit margins 2) Robot kitchen solves nonexistent problem 3) Bloated SG&A keeps SG unprofitable, forcing financing in '25. AUV growth slows outside NYC. Labor/RE costs high vs peers. Infinite Kitchen has -2% IRR. SG&A highest in industry despite slow growth. Oblivious mgmt focused on fluff. Needs funding in '25, limiting growth. Base case $5.29 (-54%). Risks: Unit growth, AUV stability, buyout/activism, SG&A cuts, 15% short interest.
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