Can Sweetgreen Stock Bring You Sweet Profits?
The IPO market was hot across all sectors at the end of 2021. Restaurants were no exception with companies like Dutch Bros getting nosebleed valuations when making their public debuts. Then it was no surprise when health food and salad chain Sweetgreen (NYSE: SG) popped 77% on its first day of trading in late November. Investors were excited about the company's "Chipotle for salads" concept, strong same-store sales growth, and a large opportunity for expansion.
But just because the market gets all hot and heavy over a company doesn't mean you should buy without checking what's under the hood. Can Sweetgreen be a top restaurant stock in your portfolio? Let's investigate.
Image source: Getty Images.
Source Fool.com
