No qualifying author-owned investment thesis was confirmed in this post.
The author explicitly states they are unsure if the stock is a good value and does not provide a directional investment judgment.
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This stock has been really beaten up recently. Is is a good value right now? Not sure, but strictly from a customer POV, they have a great product which, while expensive, seems fairly priced relative to their competitors. Produce is fresh, meat is high quality, portions are on the large side and their dressings are excellent. They have an efficient delivery system as well.
One concern I have is their deliberate locations being near office workers. ‘Return to the Office’ was a big flop, at least here in the Bay Area. For example, they closed the Sweetgreen outpost in my office lobby, do to lack of engagement. Makes sense with people only coming in 1-2 a week if that.
Not a very technical analysis, but more from a ‘satisfied customer’ POV. Just unsure what their road to profitability looks like and how likely it is to happen.