This 2021 IPO Taste-Tests A Buy Zone — And Top Funds Take A Bite

Blockhead10-31

After a pandemic-induced test by fire, the IPO Class of 2021 has gone on to produce some impressive gains. Notable members include AppLovin (APP), Duolingo (DUOL), Samsara (IOT), Nu Holdings (NU), On ...

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Notable members include AppLovin (APP), Duolingo (DUOL), Samsara (IOT), Nu Holdings (NU), On ...</p>\n\n<a href=\"https://www.investors.com/research/ibd-stock-analysis/sweetgreen-stock-sg-buy-zone/\">Source Link</a>\n\n</div>\n","source":"investor_business_daily_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This 2021 IPO Taste-Tests A Buy Zone — And Top Funds Take A Bite</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis 2021 IPO Taste-Tests A Buy Zone — And Top Funds Take A Bite\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-31 20:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/research/ibd-stock-analysis/sweetgreen-stock-sg-buy-zone/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After a pandemic-induced test by fire, the IPO Class of 2021 has gone on to produce some impressive gains. Notable members include AppLovin (APP), Duolingo (DUOL), Samsara (IOT), Nu Holdings (NU), On ...</p>\n\n<a href=\"https://www.investors.com/research/ibd-stock-analysis/sweetgreen-stock-sg-buy-zone/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://www.investors.com/research/ibd-stock-analysis/sweetgreen-stock-sg-buy-zone/","article_id":"2479008676","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2024/10/Stock-Classof2021-01-adobe-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479008676","pubTimestamp":1730376034,"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"While fellow 2021 IPOs like AppLovin and Duolingo soar, Sweetgreen stock continues to nibble away at a new buy zone.","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","LU0086394185.USD":"SCHRODER ISF LATIN AMERICAN \"A\" (USD) INC AV","LU0256859116.SGD":"施罗德拉丁美洲A Acc SGD","BK4547":"WSB热门概念","LU0210535034.USD":"摩根大通拉丁美洲基金","LU0106259046.USD":"施罗德拉丁美洲基金","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","BK4209":"餐馆","LU0531971322.HKD":"HSBC GIF BRAZIL EQUITY \"AD\" (HKD) INC","SG":"Sweetgreen, Inc.","LU0265266980.USD":"法巴巴西股票基金","BK4127":"投资银行业与经纪业","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU0050427557.USD":"富达拉丁美洲基金","LU1861217088.USD":"贝莱德金融科技A2","BK4539":"次新股","IOT":"Samsara, Inc.","BK4023":"应用软件","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","NU":"Nu Holdings Ltd.","APP":"AppLovin Corporation","LU1481012133.USD":"FIDELITY EMERGING MARKETS \"A\" (USDHDG) INC","BK4204":"教育服务","IOT.AU":"IOT Group","LU0196696701.USD":"HSBC GIF BRAZIL EQUITY \"AD\" (USD) INC","LU2125910500.SGD":"Natixis WCM Global Emerging Markets Equity H-R/A SGD","BK4585":"ETF&股票定投概念","DUOL":"多邻国","LU0456842615.SGD":"JPMorgan Funds - Emerging Markets Equity A (acc) SGD","LU1861558580.USD":"日兴方舟颠覆性创新基金B","CAVA":"CAVA Group Inc.","ONON":"On Holding AG","BK4146":"鞋类","LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","LU0196696453.USD":"HSBC GIF BRAZIL EQUITY \"AC\" (USD) ACC","LU2045819591.USD":"Natixis WCM Global Emerging Markets Equity R/A USD","LU0396314238.USD":"abrdn SICAV I - LATIN AMERICAN EQUITY \"A\" (USD) ACC","LU0048575426.USD":"FIDELITY EMERGING MARKETS \"A\" INC","LU0261950470.USD":"FIDELITY EMERGING MARKETS \"A\" ACC","BK4588":"碎股","LU0265267285.USD":"BNP PARIBAS BRAZIL EQUITY \"C\" (USD) INC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD"},"translate_title":"2021年IPO的味道——测试买入区域——顶级基金也会咬一口","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SG":1,"APP":1,"IOT.AU":1,"IOT":1,"DUOL":1,"CAVA":1,"NU":1,"ONON":1},"content_text":"After a pandemic-induced test by fire, the IPO Class of 2021 has gone on to produce some impressive gains. Notable members include AppLovin (APP), Duolingo (DUOL), Samsara (IOT), Nu Holdings (NU), On Holding (ONON) and Robinhood (HOOD). Fellow classmate Sweetgreen (SG) — a purveyor of healthy fast food — has joined the party, with the stock taste-testing a new buy zone.\nWhile Covid wreaked particular havoc on restaurants, Sweetgreen survived. Now demand from top funds and the company's expanding growth have shares soaring off their 2023 lows.\n\n\n\n↑\nX\n\n\n\n\nElection And Earnings Events: How To Prepare For The Next Week\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nElection And Earnings Events: How To Prepare For The Next Week\n\n\n\n\nSweetgreen Stock In Demand As Growth Expands\nWhile Sweetgreen did not make the latest list of new buys by the best mutual funds, it has flashed signs of demand. In addition to a B+ Accumulation/Distribution Rating, 35 funds with an A+ or A rating from IBD have reported a position in Sweetgreen stock.\nBut look for the up/down volume ratio to rise above its current neutral score of 1.0. By comparison, fellow restaurant stock Cava Group (CAVA) — a 2023 IPO and the Oct. 3 IBD Stock Of The Day — sports a stronger 1.6 up/down volume ratio alongside its B+ Accumulation/Distribution Rating.\nWhile Sweetgreen does not have growth quite as explosive as that of Cava, it has established a track record of solid and steady gains.\nRevenue growth has ranged from 21% to 29% over the last eight quarters. In the second quarter, Sweetgreen generated revenue of $184.6 million. Analysts expect the Los Angeles-based company to deliver 14% sales growth to $175.5 million when it reports Q3 numbers on Nov. 7.\nBottom-line growth has also been strong. Although Sweetgreen posted a loss of 13 cents per share in the second quarter, that marked a 46% year-over-year improvement. For the full year, analysts forecast a 27% gain to cut its loss to 74 cents per share. For 2025, Wall Street expects a 41% rise, but that still represents a loss of 44 cents a share.\nExpansion Continues\nSweetgreen's mission is to \"build healthier communities by connecting people to real food.\" Featuring salads, warm bowls and sides, menu items include the Shroomami and Kale Caesar.\nSweetgreen opened its first location in 2007 and now has over 230 locations across the country, with a large footprint in California and New York. On Oct. 29, the company announced the opening of a second North Carolina location in Raleigh. The new location follows the recent Charlotte opening, signaling the company's continued expansion in the Carolinas.\nSweetgreen Stock Finds Support While Teasing Buy Point\nSince clearing a 37.79 buy point in a second-stage cup with handle on Oct. 8, Sweetgreen has drifted in and out of buy range. In a sign of strength and resilience, the stock has held support at its 21-day exponential moving average and 50-day line.\nWhile Sweetgreen stock only earns a 76 Composite Rating compared with Cava's 97, both restaurants sport the highest-possible 99 Relative Strength Rating. This rating gauges a stock's strength compared with the entire universe of listed companies.\nSweetgreen's relative strength line — which tracks a stock's performance vs. the S&P 500 — fell in August but has returned to within striking distance of its 52-week high.\nWhile it's risky to buy any stock just before it reports earnings, see if Sweetgreen can fortify its recent breakout when it unveils Q3 results on Nov. 7.\nCava, which reports earnings on Nov. 12, continues to trade right around its all-time high.\nMeanwhile, several of Sweetgreen's IPO Class of 2021 peers continue to shine. Duolingo, AppLovin, Robinhood and Samsara are all extended from their most recent breakouts. HOOD stock was down late Wednesday after coming up short of Wall Street's estimates.\n\nFollow Matthew Galgani on X (formerly Twitter) at @IBD_MGalgani.\nYOU MAY ALSO LIKE:\nAI Stock Samsara Finds Support At Critical Level, In New Buy Area\nShake Shack Rallies, Chipotle Slumps; This Beanery's In A Profit-Taking Zone\nCava Eyes New Buy Point After 190% Run, With Earnings Set To Double\nA New Buy Point Is Just One Reason To Watch Nvidia. Here Are 5 More.\nIdentify Bases And Buy Points With This Pattern-Recognition Tool","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479008676"}