On Friday, Sweetgreen stock got an upgrade to its Relative Strength (RS) Rating, from 68 to 72. The fast casual restaurant chain recently said it hired former Starbucks executive Rossann Williams as its new chief operating officer.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History reveals that the best-performing stocks often have an RS Rating north of 80 as they launch their biggest climbs. See if Sweetgreen stock can continue to rebound and hit that benchmark.
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Is Sweetgreen Stock A Buy?
Sweetgreen stock has been trading in a wide and narrow consolidation. While the retail stock is not near a proper buy zone right now, see if it is able to form and break out of a proper chart pattern.
The fast casual restaurant chain posted 0% EPS growth last quarter. Revenue gains came in at 24%. The next quarterly results are expected on or around Feb. 29.
Sweetgreen stock holds the No. 21 rank among its peers in the Retail-Restaurants industry group. Shake Shack Cl A and Texas Roadhouse are also among the group's highest-rated stocks. For more industry news, check out "Retail Industry News And Stocks To Watch."
