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Sweetgreen (SG) AnalysisCompany Overview: Sweetgreen NYSE:SG is strategically expanding its footprint, with four new restaurant openings in Q2 2024, including a significant location in New Hampshire. This move underscores Sweetgreen's focus on untapped markets, aimed at driving revenue growth and geographic diversification. Key Catalysts: Expansion into New Markets: Opening in new locations, particularly in New Hampshire, demonstrates Sweetgreen’s plan to broaden its market presence, catering to new customer bases, which could meaningfully contribute to its overall growth trajectory. Infinite Kitchen Concept: The successful implementation of the Infinite Kitchen at Penn Plaza is a game-changer. This innovative concept, which reduces wait times to under 3 minutes while improving operational efficiency, enhances the customer experience. As this model is scaled across more locations, Sweetgreen stands to gain from higher margins and enhanced customer satisfaction, potentially leading to stronger unit economics. Operational Efficiency: The Infinite Kitchen rollout improves labor productivity and reduces operational bottlenecks, allowing Sweetgreen to serve more customers in less time. This could be instrumental in improving both top-line growth and profit margins. Investment Outlook: Bullish Outlook: We remain bullish on SG above $33.00-$34.00, with the company's ability to innovate through its Infinite Kitchen model and its focus on entering new markets. Upside Potential: Our upside target for SG is $62.00-$64.00, driven by operational improvements, increased restaurant count, and scalability of its efficient kitchen model, which should bolster profitability and revenue growth. 🚀 SG—Innovating in Food Service with Efficiency and Expansion. #RestaurantGrowth #OperationalExcellence #Scalability
NYSE:SGLong
by Richtv_official
Sweetgreen Shares Up 35% After Beating Revenue ExpectationsSweetgreen shares ( NYSE:SG ) surged by 35% on Friday after the company reported better-than-expected revenue results for its fiscal first quarter. The salad chain also raised its revenue and adjusted EBITDA guidance for fiscal year 2024. The company announced earlier this week that it is adding steak to its menu in an expansion of its protein offerings. Sweetgreen ( NYSE:SG ) reported $158 million in revenue, beating the LSEG consensus estimate of $152 million. Revenue jumped 26% from $125.1 million in the year-earlier period. Same-store sales grew 5%, which the company noted was consistent with the prior-year period. Sweetgreen ( NYSE:SG ) also raised revenue and adjusted EBITDA guidance for the full year. Shares of the company are up 189% so far in 2024. On an earnings call with analysts, Sweetgreen CEO and co-founder Jonathan Neman said that the company opened six new restaurants in the first quarter, highlighting the success of the South Lake Union location in Seattle. The company began deploying robots for tasks like dispensing greens and mixing salads in its restaurants last year, dubbed the "Infinite Kitchen," which was first implemented in May 2023 with the opening of the company's pilot store in Naperville, Illinois. Sweetgreen remains "on track" to open about seven new automated Infinite Kitchen restaurants in 2024 and plans to establish more next year. Analysts were impressed by the early results from the Infinite Kitchen locations, according to StreetAccount. Earlier this week, the company announced it is adding steak to its menu in an expansion of its protein offerings with a caramelized garlic steak protein plate, a steakhouse chopped warm bowl, and a kale Caesar steak salad. Sweetgreen ( NYSE:SG ) beat revenue estimates and raised its outlook as new restaurants and a boost in menu prices drove up sales. Same-store sales and restaurant-level profit margin also rose. The news sent shares soaring to their highest level in more than two years. Technical Outlook Sweetgreen stock ( NYSE:SG ) is up 33% on Friday market trading with a Relative Strength Index (RSI) of 75 which is largely overbought. The stock daily price chart depicts an upward gapping due to the earnings beat.
NYSE:SGLong
by DEXWireNews
SINGAPORE COVID-19 Wave 3 Projection Update XIIIn a rather surprising, and significant turn of events, when revisiting the daily counts (which are grossly under reported as many are asked to stay home with primarily ART testing; only PCR positives are logged) there appears to be another kink in the trajectory. Earlier, the model projected a tapering of the numbers. This was also modelled in line with the experience of Malaysia, Indonesia, and even India. Two factors seemed to have not so relevant... the population density in built up areas in Singapore is much higher than any of these countries. Also, the measures imposed are rather different. And these two might be the crux of the kink, dragging along a sub wave, which in my humble opinion is probably a lot steeper, but appears less aggressive on the MACD histogram. Taking these into consideration, the model is projecting a longer run, with a less steeply rising histogrm. This would easily push the tapering off into December, if at all, else into 2022. Stay safe people... do decide to do what you think is necessary. Take very good care of yourself and especially of your family. Do take time to check into an earlier post at the end of June 2021... something was clearly indicated, and showed its face about a month later. Meanwhile, at that time, measures were relaxed and people got optimistic, perhaps a tad too early. Clearly, the model works, and this is yet again telling us something. We are still behind the curve.
C
by Auguraltrader
SINGAPORE COVID-19 Wave 3 Projection Update IIILast week, an update was made and projected that this Wave 3 was to be more significant and previous, as well as longer in duration. The days passed with events that corroborated with the projection, and in fact, surpassed the projection. The MACD histograms had crossed sooner than expected and the MACD lines show the momentum of the up trend. What this translating into is that this Wave is growing and becoming larger as the days go by. The previous projection was still underestimating the amplitude of the wave; which now looks larger and longer to contend with. By estimating the the momentum, together with virus infection dynamics and including measures imposed, it may be reasonable to expect at least 6-8 weeks before we see the plateau. This would bring us into July 2021. Check in again next week... meanwhile, stay safe, seriously.
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by Auguraltrader
SINGAPORE COVID-19 Wave 3 Projection Update IIToday's hot news was that Wave 3 is upon us and appears to be bigger than initially anticipated. So, relooked at the charts... charts that had predicted the Wave 2 spike in COVID-19 cases in SG in November 2020, which appeared in January 2021. (See attached links to related ideas below) And again on 5th March 2021, which gave heads up on a clear and present spike in weeks to come. Basically, I have a custom Fibonacci-ed MACD that I use for technical analyses, and I applied it to the COVID confirmed cases. These numbers only increase, so I was analyzing the moving average trends, and realized that the convergence divergence model could be used to give heads up on increasing numbers. So far, 2 out of 2 waves projected about 6-8 weeks in advance. That's a 100% hit rate that would have given critical time for action. Looking at the daily chart on the left panel, where the rising MACD histograms project a spike. And once the histograms cross over above zero, within weeks we will see the spike in the reported numbers. What appears worse is when the MACD crosses over. As seen from early April 2021. Now, using the same model, I apply to the weekly chart of SG COVID-19 cases, and it shows that this Wave 3 spike was underestimated previously. I might have underestimated this Wave 3 . The MACD histogram is about to cross over zero, and the MACD itself is also crossing up. Ominous projection? Yes, and I would give this some serious thought as a heads up mechanism to start t hinking ahead of the (virus) curve instead. Because, the current wave might just spiral out over the next couple of months. *remember, any wave starts, needs at least a month to settle down due to the epidemiologic curves.
C
by Auguraltrader
Singapore COVID-19 Wave 3 UpdateSo... Technical analysis is not the orthodox tool for Pandemic infection monitoring, BUT it appears that IF we can look beyond the box, we can see more, and get ahead of the curve a little more. This is the SECOND time the Singapore COVID-19 charts are giving us about 6-8 weeks heads up of an imminent spike in COVID-19 cases. Much could have been done IF we looked closer and took appropriate actions. Last post on this matter, on 5th March, it was clear and present danger that a 3rd wave spike was to happen in April... and now, we are in the onset of a spike in cases in Singapore. It should be about another 8 weeks before things we under control... This is NOT chance, but high probability (though unusual) projection of the dynamics. You see, the RPM in the middle panel shows that it is not as powerful a run up this time (as previously expected); and the MACD histograms correctly warned of this imminent spike, now indicating that it is probably nearing a peak out. This predictive model also works for other countries. So it is robust. Till next time, stay safe and stay healthy! PS... see related ideas below for the historical tracking
C
by Auguraltrader
OLAM (4/1/18)1.92 very very important support zone 2.13 first resistance Very low risk entry if price could go to 1.92 for a good long trade Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation. SonicR Mastery team is not responsible for any liabilities arising from the result of your market involvement or individual trade activities
OLong
by sonicrmastery