Billionaires Ken Griffin and Israel Englander Are Buying a Beaten-Down Growth Stock — and It Could Turn $10,000 Into $100,000
From Yahoo Finance: 2025-06-08 08:05:00
Billionaires Ken Griffin and Israel Englander invested in Sweetgreen stock in the first quarter, but the stock has since plummeted due to disappointing results and macro headwinds. Despite challenges, Sweetgreen remains a disruptive force in the fast-casual industry, with plans for growth and technological innovations like the Infinite Kitchen.
Sweetgreen’s stock is down 54% year-to-date, leading to a market cap of $1.8 billion. While risky, the stock presents a potential growth opportunity, especially as two billionaires increased their stakes in the company. Despite weak same-store sales, Sweetgreen is focused on expanding its store base and improving profitability through innovations like the Infinite Kitchen system.
CEO Jonathan Neman envisions Sweetgreen growing to at least 1,000 stores, driving potential stock growth. The company’s strong average unit volumes and technological advancements like the Infinite Kitchen provide a competitive edge. Despite current challenges, Sweetgreen’s long-term growth prospects remain significant.
Sweetgreen’s stock offers upside potential, especially once the economy improves. The company’s focus on expanding its store base, improving restaurant-level operating margins, and leveraging technology like the Infinite Kitchen bodes well for future growth. Consider the long-term potential and risks before investing in Sweetgreen.