Tonix Pharmaceuticals stock halted ahead of FDA approval news
In a recent transaction, Clifford Burrows, a director at Sweetgreen , Inc. (NYSE:SG), acquired 19,200 shares of the company’s Class A Common Stock. The shares were purchased on May 23, 2025, at an average price of $13.11 per share, resulting in a total transaction value of approximately $251,712. This acquisition was made through a trust, as indicated in the filing. Following this transaction, Burrows holds a total of 106,565 shares directly. The purchase was executed in multiple transactions, with prices ranging from $13.08 to $13.14 per share.The director’s purchase comes as Sweetgreen trades near its 52-week low of $12.37, with the stock down over 70% in the past six months. According to InvestingPro analysis, the company maintains strong liquidity with a current ratio of 1.97, despite recent market challenges. For comprehensive insider trading analysis and 13 additional ProTips about Sweetgreen, explore the detailed Pro Research Report available on InvestingPro.
In other recent news, Sweetgreen Inc. announced its first-quarter 2025 earnings, with revenue slightly surpassing expectations at $166.3 million compared to the anticipated $165.8 million. Despite this revenue beat, the company’s earnings per share (EPS) aligned with forecasts at a negative $0.21. Sweetgreen’s performance showed a modest year-over-year revenue increase from $157.9 million, though same-store sales declined by 3.1%, posing challenges for maintaining customer traffic at existing locations. The company reported a net loss of $25 million, a slight improvement from the previous year’s $26.1 million loss, indicating progress in cost management. Sweetgreen plans to open over 40 new restaurants in 2025, aiming for revenue between $740 million and $760 million, with a focus on expansion and operational efficiency. Analysts noted the company’s strategic efforts to mitigate tariff impacts, which could affect restaurant build-out costs. Additionally, Sweetgreen’s collaboration with Coke Korean Steakhouse is set to introduce a Korean barbecue-inspired menu, reflecting the company’s ongoing menu innovation efforts.
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