12 Best Fast Food Stocks to Buy Now

7. Sweetgreen, Inc. (NYSE:SG)

Number of Hedge Fund Holders: 33

Revenue growth (YOY): 15.89%

Sweetgreen, Inc. (NYSE:SG) is a mission-driven, next-generation restaurant and lifestyle business that delivers nutritious meals on a large scale. Its ambitious goal is to become as widely available as traditional fast food, but with the transparency and quality that consumers nowadays expect. It is using fresh produce and ingredients to create plant-forward, seasonal, and environmentally responsible meals with an emphasis on local, organic, and regenerative sourcing. Customers’ ordering process will be made easier, and the robotic “infinite kitchen” model’s cleanliness will only help the business grow.

In Q4 2024, Sweetgreen, Inc. (NYSE:SG) reported $160.9 million in revenue, up 5.1% from the previous year, due to its innovative menu, technological advancements, and overall visitor experience, making it one of the Best Food Stocks. This result was in line with analysts’ projections, but it was a softer quarter for the company, with EBITDA estimates missing by a significant margin.

In 2024, Sweetgreen, Inc. (NYSE:SG) produced impressive financial results, as its restaurant-level profitability increased by more than 200 basis points to 19.6% and its revenues grew by more than 16% to $676.8 million. The company’s adjusted EBITDA improved by $21.5 million over the previous year to $18.7 million for its first full year of positive results. By adding 25 new restaurants throughout 2024, it expanded its presence and ended the year with 246 outlets, including 12 Infinite Kitchens. The 2024 class of new eateries performed admirably, tracking to hit $2.8 million in one-year sales.