Sweetgreen rallies 10% after CEO buys nearly $1 mln worth of stock

SWEETGREEN

13/11/2025 18:27

** Shares of salad chain Sweetgreen SG.N up 10% to $5.91 on Thurs after CEO buys about $1 mln worth of stock

** Per a regulatory filing, CEO Jonathan Neman disclosed purchase on Weds of 179,800 shares at avg price of $5.56

** Also on Weds, chief concept officer Nicholas Jammet bought about $100,000 worth of shares, per a filing

** SG shares slid 7.5% to close at $5.78 last Fri after co's Q3 results missed Wall Street's expectations as it grapples with weak traffic at its restaurants

** Even with the gain on the session, stock is down more than 80% YTD. It hit a record intraday low of $5.14 on Tues

** Neman, Jammet and Nathaniel Ru founded Sweetgreen in 2007 while they were Georgetown University students. Co went public in 2021 IPO at $28

 (Lance Tupper is a Reuters market analyst. The views expressed are his own)

 ((lance.tupper@tr.com 1-646-279-6380))