11:54 AM EDT, 08/15/2024 (MT Newswires) -- Sweetgreen ( SG ) has developed a strategic roadmap to sustain sales growth and margin expansion along with the deployment of "Infinite Kitchens" technology to support earnings revisions despite industry challenges, Oppenheimer said in a note Thursday.

The introduction of Infinite Kitchens is a potential "game-changer," with expectations that this technology could be implemented in more than 30 locations by the end of 2025, the investment firm said.

Sweetgreen's ( SG ) focus on menu innovation, cost management, and the deployment of IK technology is central to their strategy for sustaining sales growth and expanding margins, Oppenheimer said.

Oppenheimer maintained its outperform rating for Sweetgreen ( SG ) while raising the price target to $40 from $36.

Price: 35.51, Change: +1.62, Percent Change: +4.78