Sweetgreen
SG on NYSE. Sweetgreen sells salads, bowls, and plates to customers in 24 states. Market value $1.4bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
Nothing stands out yet.
See Retail & consumer stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $-10.79 of spare cash in the past 12 months. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 40 of 100. Price score: 7 of 100. Our list needs 70 on quality and 60 on price.
$9.14 a share, 104% above its 1-year low
Over the past year the price has ranged from $4.49 to $10.63.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | ||||
| Revenue | $470m | $584m | $677m | $679m |
| Operating margin | ||||
| Operating margin | -41.1% | -20.9% | -14.1% | -20.5% |
| Debt to equity | ||||
| Debt to equity | n/a | n/a | n/a | n/a |
| Shares outstanding | ||||
| Shares outstanding | 0.11bn | 0.11bn | 0.11bn | 0.12bn |
Health checks
- Free cash flow positive0 of 4 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)2 of 7 checks we could run
- Profit backed by cash (accruals)No
- DebtUnknown
- Revenue growth, five yearsStrong, 13.0% a year
- Buying back its own sharesNo, 7% more shares since 2022
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $193 million last quarter, up 4% on a year ago.
- A loss of $26 million, compared with a loss of $23 million a year ago.
- It loses 21 cents on each $1 of sales, compared with 16 cents a year earlier.
- Over the past 12 months it spent $116 million more cash than it brought in, compared with $74 million a year earlier.
- 1% more shares than a year ago. Each share owns a bit less of the company.
- Sales grew on a year ago in 1 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $173m |
| December 2024 | $161m |
| March 2025 | $166m |
| June 2025 | $186m |
| September 2025 | $172m |
| December 2025 | $155m |
| March 2026 | $162m |
| June 2026 | $193m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$21m |
| December 2024 | -$29m |
| March 2025 | -$25m |
| June 2025 | -$23m |
| September 2025 | -$36m |
| December 2025 | -$50m |
| March 2026 | $126m |
| June 2026 | -$26m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 27 February 2026
- Next quarterly (estimated, 10-Q)
- 6 November 2026
Who owns it
1 long-term investor we follow owns it, unchanged from 1 last quarter. 234 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| First Manhattan Co.First Manhattan partners | $935,622 | <0.1% | Cut |
Largest holders overall
- Baillie Gifford$89m
- BlackRock$73mAdded
- Woodson Capital Management, LP$47mCut
- Greenhouse Funds LLLP$45m
- Vanguard Capital Management$39m
- Goldman Sachs Group$30mCut
- FMR$30mAdded
- Point72 Asset Management, L.P.$29mAdded
- Federated Hermes$25mCut
- Neuberger Berman Group$25mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
5 investors own more than 5%.
- BAILLIE GIFFORD & COPassive investor10.4%Since 30 September 2025
- THE GOLDMAN SACHS GROUP, INC.Passive investorat least 7.6%+1.2 pts(filed with 1 related holder)Since 30 June 2026
- Millennium Management LLCPassive investorat least 5.4%−0.2 pts(filed with 3 related holders)Since 29 September 2026
- Point72 Asset Management, L.P.Passive investorat least 3.3%−2.9 pts(filed with 2 related holders)Since 30 June 2026
- Neuberger Berman Group LLCPassive investorat least 2.6%−2.8 pts(filed with 1 related holder)Since 31 May 2026
- T. Rowe Price Associates, Inc.Passive investorSold down below 5%Since 30 September 2025
- Wellington Management Group LLPPassive investorSold down below 5%Since 30 September 2025
- Invesco Ltd.Passive investorSold down below 5%Since 30 June 2025
- Woodson Capital Management, LPPassive investorSold down below 5%Since 30 April 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
- FMR LLCPassive investorSold down below 5%Since 29 August 2025
| Holder | Stake | Since | |
|---|---|---|---|
BAILLIE GIFFORD & CO Passive investor | 10.4% | 30 September 2025 | |
THE GOLDMAN SACHS GROUP, INC. Passive investor | at least 7.6%+1.2 pts (filed with 1 related holder) | 30 June 2026 | |
Millennium Management LLC Passive investor | at least 5.4%−0.2 pts (filed with 3 related holders) | 29 September 2026 | |
Point72 Asset Management, L.P. Passive investor | at least 3.3%−2.9 pts (filed with 2 related holders) | 30 June 2026 | |
Neuberger Berman Group LLC Passive investor | at least 2.6%−2.8 pts (filed with 1 related holder) | 31 May 2026 | |
T. Rowe Price Associates, Inc. Passive investor | Sold down below 5% | 30 September 2025 | |
Wellington Management Group LLP Passive investor | Sold down below 5% | 30 September 2025 | |
Invesco Ltd. Passive investor | Sold down below 5% | 30 June 2025 | |
Woodson Capital Management, LP Passive investor | Sold down below 5% | 30 April 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 | |
FMR LLC Passive investor | Sold down below 5% | 29 August 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 2 insiders bought $1m of shares on the open market. 2 sold $254,585.
- Cochran Jason MilesChief Operating OfficerSold
- Date
- 17 August 2026
- Shares
- 4,809
- Price
- $6.21
- Value
- $29,864
- McConnell JamieChief Financial OfficerSold
- Date
- 17 August 2026
- Shares
- 15,033
- Price
- $6.21
- Value
- $93,355
- Cochran Jason MilesChief Operating OfficerSold
- Date
- 18 May 2026
- Shares
- 15,038
- Price
- $7.99
- Value
- $120,158
- McConnell JamieChief Financial OfficerSold
- Date
- 18 May 2026
- Shares
- 1,401
- Price
- $8.00
- Value
- $11,208
- Jammet NicolasChief Concept Officer, DirectorBought
- Date
- 5 March 2026
- Shares
- 4,428
- Price
- $5.71
- Value
- $25,284
- Neman JonathanCHIEF EXECUTIVE OFFICER, DirectorBought
- Date
- 12 November 2025
- Shares
- 179,800
- Price
- $5.56
- Value
- $999,688
- Jammet NicolasChief Concept Officer, DirectorBought
- Date
- 12 November 2025
- Shares
- 18,115
- Price
- $5.51
- Value
- $99,804
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 17 August 2026 | Cochran Jason Miles Chief Operating Officer | Sold | 4,809 | $6.21 | $29,864 |
| 17 August 2026 | McConnell Jamie Chief Financial Officer | Sold | 15,033 | $6.21 | $93,355 |
| 18 May 2026 | Cochran Jason Miles Chief Operating Officer | Sold | 15,038 | $7.99 | $120,158 |
| 18 May 2026 | McConnell Jamie Chief Financial Officer | Sold | 1,401 | $8.00 | $11,208 |
| 5 March 2026 | Jammet Nicolas Chief Concept Officer, Director | Bought | 4,428 | $5.71 | $25,284 |
| 12 November 2025 | Neman Jonathan CHIEF EXECUTIVE OFFICER, Director | Bought | 179,800 | $5.56 | $999,688 |
| 12 November 2025 | Jammet Nicolas Chief Concept Officer, Director | Bought | 18,115 | $5.51 | $99,804 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.