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  • Sweetgreen’s (SG) Strong First-Quarter Performance: A Closer Look

    Sweetgreen’s (SG) Strong First-Quarter Performance: A Closer Look

    In the wake of its financial report, Sweetgreen, Inc. (NYSE: SG) is currently witnessing a significant upswing in its stock valuation in the current trading session. At the latest evaluation, SG stocks have surged by an impressive 34.44%, amounting to $31.67.

    Robust First-Quarter Performance

    Sweetgreen (SG) has delivered robust first-quarter performance across all metrics. Comparing year-on-year data, the company saw a 26% increase in revenue, reaching $157.9 million, while Restaurant-Level Profit hit $28.5 million, leading to a 400 basis point expansion in Profit Margin, now standing at 18%. For over 16 years, Sweetgreen has pioneered the sourcing of fast food, bringing high-caliber ingredients with delightful flavors to patrons nationwide.

    The eatery brand has remained committed to presenting steak in the Sweetgreen manner, partnering with reliable suppliers to incorporate 100% grass-fed and pasture-raised steak into its menu. By endorsing farming practices that are considerate to both the animals and the environment, Sweetgreen stays true to its principles while linking more individuals with top-notch, nutrient-rich cuisine.

    Introducing The Caramelized Garlic Steak

    Recently, Sweetgreen unveiled its latest addition, the Caramelized Garlic Steak, now available nationwide. Commencing May 7, patrons can relish tender steak bites in three new expertly crafted dishes or as a complement to Sweetgreen’s iconic and customizable offerings.

    Made in the Sweetgreen kitchen, this dish for Caramelized Garlic Steak features excellent slices of pasture-raised, grass-fed steak that are carefully cooked with methods evocative of fine dining.

    After being infused with a mixture of spices related to garlic and roasting it until it has a deeply caramelized char on the outside and a juicy inside, the steak is mixed gently with extra virgin olive oil and herbs to capture the essence of classic steakhouse flavors in every mouthful.

    Savoring The New Entrées

    Diners can indulge in three enticing entrees centered around this delectable new protein, including The Caramelized Garlic Steak protein plate, The Steakhouse Chopped warm bowl, and The Kale Caesar (Steak) salad. During its trial phase in Boston, Sweetgreen observed the Caramelized Garlic Steak swiftly become a favored choice for dinner, accounting for nearly 20% of all dinner orders.

    The introduction of the Caramelized Garlic Steak marks a pivotal milestone in Sweetgreen’s menu innovation journey, aimed at providing patrons with an array of high-quality, tantalizing options.

  • Beat FY2021 Results Put Sweetgreen Inc. (SG) on a Bullish Path After Hours

    On March 03, 2022, Sweetgreen Inc. (SG) declared its 2021 Q4 and full-year financial results after the market closed. Consequently, the stock rebounded and soared high in the after-hours session.

    It seems that investors were dreading the upcoming earnings, unsure of what to expect they caused the stock to lose 11.34% during regular trading. The session saw an active above-average volume of 2.02 million. SG stock closed the session in the red at a value of $21.35 per share. Following the announcement, the stock rebounded to reach $25.01 in the after-hours. Hence, the stock increased by a good 17.14% in the after-hours session on Thursday.

    The American fast-casual restaurant chain, Sweetgreen Inc. was founded in 2007. The Washington-based company has a market capitalization of $2.58 billion. In the past five days, its 93.52 million outstanding shares have lost 14.77%. SG stock currently, stands at a year-to-date loss of 33.28%.

    SG’s Q4 2021

    For Q4 2021, the company reported total revenue of $96.4 million with a YOY growth of 63%.

    Moreover, the company had a net loss of $66.2 million in Q4 2021, against $41.1 million in the year-ago quarter.

    SG’s adjusted EBITDA loss was $14.2 million in Q4 2021, against $29.0 million in Q4 2020.

    Source: US News Money

    Full Year 2021

    In fiscal 2021, the company’s total revenue increased by 54% YOY to $339.9 million.

    Furthermore, the company incurred a net loss of $153.2 million in fiscal 2021, against $141.2 million in the previous year.

    SG reported an adjusted EBITDA loss of $63.1 million in fiscal 2021, against $107.5 million in fiscal 2020.

    SG’s 2022 Guidance

    For Q1 2022, the company expects an adjusted EBITDA loss of $20-$18 million on revenue of $100-$102 million.

    Additionally, for fiscal 2022 SG expects adjusted EBITDA loss of $40-$33 million on revenue of $515-$535 million.

    Upcoming Participation

    On February 28, the company announced its upcoming participation in the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum. The company will participate in a fireside chat at the event on March 7, 2022, in Las Vegas.

    SG’s Other Developments

    On February 22, the company announced the opening of its first restaurant in the San Diego area in Carlsbad, CA. This will be the brand’s 14th new market entry. The new location has an indoor space for up to 30 diners with an additional 30 on the outdoor patio.

    In addition, SG also promised a donation of a meal to the North County food bank chapter for each meal sold on opening day.

  • What changed for these 50 stocks in Pre-Market Session?

    What changed for these 50 stocks in Pre-Market Session?

    Naked Brand Group Limited (NAKD) stock plunged -10.0% to $0.26 in the pre-market trading.

    Arcimoto Inc. (NASDAQ: FUV) shares are trading down -8.25% at $14.68 at the time of writing after Arcimoto and the city of Orlando launched a joint municipal pilot program to test ultra-efficient Electric Vehicles in city fleets. The company’s 52-week range was noted as $0.97 to $10.49. Analysts have a consensus price target of $8.

    HighPoint Resources Corporation (HPR) tumbled over -5.56% at $10.7 in pre-market trading today after Laredo Petroleum announced the appointment of Jarvis Hollingsworth and Lori Lancaster to the board of directors.

    Phoenix New Media Limited (FENG), an Internet Content & Information company, dropped about -4.29% at $2.23 in pre-market trading Friday after the company announced a special cash dividend of US$1.3712 per ADS.

    Ayro Inc. (AYRO) stock moved up 7.12 percent to $6.62 in the pre-market trading as the company revealed Q3 results.

    Titan Pharmaceuticals Inc. (TTNP) gained over 59.94% at $0.2735 in pre-market trading Friday 20 November 2020 following the announcement of its quarterly results.

    VAALCO Energy Inc. (EGY) is down more than -6.21% at $1.66 in pre-market hours Friday 20 November 2020 as the company announced that it has signed a sale and purchase agreement to acquire Sasol Gabon S.A.’s 27.8% working interest in the Etame Marin block offshore Gabon. The stock had jumped over 31.11% to $1.77 in the last trading session.

    Before the trading started on 20 November 2020, CIIG Merger Corp. (CIIC) is down -3.18% to reach $16.46. It has been trading in a 52-week range of $9.30 to $13.70.

    Kandi Technologies Group Inc. (KNDI) stock plunged -1.53% to $14.19 in the pre-market trading as the news surfaced that the company’s EV is entitled to a $2,500 Rebate in Texas.

    Nano Dimension Ltd. (NASDAQ: NNDM) shares are trading down -28.33% at $4.2 at the time of writing after the company revealed it has entered into definitive agreements with investors for the sale of 25,000,000 of the Company’s American Depositary Shares at a price of $4.00 per ADS pursuant to a registered direct offering. The company’s 52-week range was noted as $0.51 to $6.00. Analysts have a consensus price target of $8.

    Medigus Ltd. (MDGS) tumbled over -0.81% at $2.45 in pre-market trading today. Correction after the news that the company aimed to form a joint venture with EMuze founders to develop and potentially commercialize EV-based micro-mobility vehicles for urban and logistics transportation.

    TransAtlantic Petroleum Ltd. (TAT), an Oil & Gas E&P company, rose about 13.65% at $0.2839 in pre-market trading Friday as the company revealed its Q3 results as offered a business update.

    Hudson Capital Inc. (HUSN) stock moved down -6.69 percent to $2.51 in the pre-market trading after the report of Hudson Capital Inc. and FreightHub, Inc. progressed further with the planned merger.

    Youdao Inc. (DAO) lost over -2.21% at $29.25 in pre-market trading Friday 20 November 2020 after the company reported third-quarter 2020 unaudited financial results.

    Jumia Technologies AG (JMIA) is down more than -2.6% at $23.6 in pre-market hours Friday 20 November 2020 after the reported that the company is finally narrowing losses after the pandemic forced a strategy shift. The stock had jumped over 18.37% to $24.23 in the last trading session.

    Before the trading started on 20 November 2020, CBAK Energy Technology Inc. (CBAT) is down -3.43% to reach $7.33. It has been trading in a 52-week range of $0.36 to $11.40.

    Polar Power Inc. (POLA) stock plunged -3.15% to $4.0 in the pre-market trading. The most recent rating by ROTH Capital, on November 07, 2017, is at a Neutral.

    Westwater Resources Inc. (NASDAQ: WWR) shares are trading up 5.48% at $6.16 at the time of writing after the company revealed Q3 results and offered a business update. The company’s 52-week range was noted as $0.25 to $14.50.

    Oragenics Inc. (OGEN) tumbled over -18.33% at $0.4296 in pre-market trading today after the Company announced that it has commenced a proposed underwritten public offering of common stock of the Company.

    Euroseas Ltd. (ESEA), a Marine Shipping company, dropped about -22.56% at $3.09 in pre-market trading Friday after the firm posted results for the nine-month period and the quarter ended September 30, 2020.

    Fuel Tech Inc. (FTEK) stock moved up 4.5 percent to $1.16 in the pre-market trading as the company revealed Q3 earnings report.

    SPI Energy Co. Ltd. (SPI) lost over -3.1% at $8.45 in pre-market trading Friday 20 November 2020 after the firm closed the sale of a 1.015-megawatt solar project in Maui, Hawaii.

    SG Blocks Inc. (SGBX) is down more than -12.28% at $2.5 in pre-market hours Friday 20 November 2020 after the publications reported that SG Blocks to deliver up to 7,000 COVID-19 PCR tests per shift leveraging Its state-of-the-Art D-TEC module lab solutions. The stock had jumped over 8.78% to $2.85 in the last trading session.

    Before the trading started on 20 November 2020, Senmiao Technology Limited (AIHS) is down 0.0% to reach $1.16, as the company revealed that it has recently launched Xixingtianxia, its own proprietary online ride-sharing platform, to drivers and riders in Chengdu, China, one of its core cities with a population of approximately 16 million. It has been trading in a 52-week range of $0.26 to $2.35.

    Teligent Inc. (TLGT) stock soared 11.65% to $0.6 in the pre-market trading after the company revealed adjournment of a special meeting of stockholders. The most recent rating by Craig Hallum, on August 20, 2020, is at a Hold.

    Waitr Holdings Inc. (NASDAQ: WTRH) shares are trading up 13.45% at $3.88 at the time of writing after the company revealed a Q3 earnings beat. The company’s 52-week range was noted as $0.26 to $5.85. Analysts have a consensus price target of $8.

    Ocean Power Technologies Inc. (OPTT) grew over 7.43% at $2.17 in pre-market trading today after the company revealed receipt of a DeepStar project award to study the deployment and operational requirements of utilizing OPT’s PB3 PowerBuoy to provide remotely controllable zero-carbon power for deepwater subsea oil production applications.

    Artelo Biosciences Inc. (ARTL), a Biotechnology company, rose about 42.51% at $0.8301 in pre-market trading Friday after the company announced receipt of the Clinical Trial Authorization in the UK for the Company’s Cancer Appetite Recovery Study.

    U.S. Energy Corp. (USEG) stock moved up 4.96 percent to $3.6 in the pre-market trading as the company revealed Q3 fiscal and operating results.

    Insignia Systems Inc. (ISIG) lost over -4.4% at $0.87 in pre-market trading Friday 20 November 2020 after the company revealed Q3 and nine months results.

    ADiTx Therapeutics Inc. (ADTX) is down more than -3.43% at $1.97 in pre-market hours Friday 20 November 2020. The stock had jumped over 5.70% to $2.04 in the last trading session. after company secures CLIA certification for AditxtScore Laboratory Operations in Richmond, VA, and plans to launch AditxtScore for COVID-19 as a lab-developed test.

    Before the trading started on 20 November 2020, FuelCell Energy Inc. (FCEL) is down -2.99% to reach $5.2 after the stock rally forced analysts to keep the stock status recommended. It has been trading in a 52-week range of $0.48 to $5.80.

    Lightbridge Corporation (LTBR) stock plunged -5.14% to $2.95 in the pre-market trading as the company revealed Q3 results.

    GSX Techedu Inc. (NYSE: GSX) shares are trading down -12.17% at $62.67 at the time of writing after the firm revealed its third-quarter 2020 results. The company’s 52-week range was noted as $14.21 to $141.78. Analysts have a consensus price target of $38.

    Reed’s Inc. (REED) tumbled over -21.09% at $0.5998 in pre-market trading today. Reed’s Inc after the company revealed outlook for fiscal 2021.

    Hibbett Sports Inc. (HIBB), a Specialty Retail company, rose about 6.81% at $45.0 in pre-market trading Friday after firm earnings results topped estimates.

    Amarin Corporation plc (AMRN) stock moved up 16.74 percent to $5.3 in the pre-market trading as the company shared topline data from the pivotal phase 3 study of VASCEPA® in mainland China.

    Ocugen Inc. (OCGN) gained over 6.48% at $0.34 in pre-market trading Friday 20 November 2020 as the company revealed a business update with Q3 results.

    Vaxart Inc. (VXRT) is up more than 0.51% at $5.94 in pre-market hours Friday 20 November 2020 after the company announced hosting a key opinion leader panel call for investors. The stock had jumped over 3.68% to $5.91 in the last trading session.

    Before the trading started on 20 November 2020, Spectrum Pharmaceuticals Inc. (SPPI) is down -2.12% to reach $4.15. It has been trading in a 52-week range of $1.74 to $10.57.

    Workday Inc. (WDAY) stock plunged -2.9% to $224.11 in the pre-market trading after the company announced fiscal 2021 third-quarter financial results. The most recent rating by Piper Sandler, on October 20, 2020, is at an Overweight.

    NovaBay Pharmaceuticals Inc. (AMEX: NBY) shares are trading up 16.24% at $0.68 at the time of writing as the company published its Q3 earnings report. The company’s 52-week range was noted as $0.24 to $1.94. Analysts have a consensus price target of $1.10.

    Seelos Therapeutics Inc. (SEEL) tumbled over -6.84% at $0.7521 in pre-market trading today after the company received US orphan drug designation for SLS-005 in Amyotrophic Lateral Sclerosis.

    Catalyst Pharmaceuticals Inc. (CPRX), a Biotechnology company, dropped about -2.71% at $3.23 in pre-market trading Friday after analysts changed forecast following an earnings beat.

    360 DigiTech Inc. (QFIN) stock moved up 9.21 percent to $13.52 in the pre-market trading as the company revealed third quarter 2020 Unaudited financial results.

    Lyft Inc. (LYFT) lost over -2.77% at $39.0 in pre-market trading Friday 20 November 2020 following a report that Motional got approval to test fully driverless vehicles in Nevada.

    Corbus Pharmaceuticals Holdings Inc. (CRBP) is down more than -2.48% at $1.18 in pre-market hours Friday 20 November 2020. The stock had jumped over 0.83% to $1.21 in the last trading session.

    Before the trading started on 20 November 2020, BOQI International Medical Inc. (BIMI) is down -2.2% to reach $1.78. It has been trading in a 52-week range of $1.50 to $7.40 following the announcement of its quarterly results.

    FireEye Inc. (FEYE) stock soared 13.97% to $16.23 in pre-market trading. The most recent rating by BMO Capital Markets, on July 29, 2020, is at a Market performance after the firm revealed the acquisition of respond software.

    Akerna Corp. (NASDAQ: KERN) shares are trading down -2.91% at $2.67 at the time of writing after the report that cannabis sales expected to reach approximately $270M over thanksgiving weekend. The company’s 52-week range was noted as $2.17 to $13.50. Analysts have a consensus price target of $18.