JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Sweetgreen , Inc. (NYSE:SG), the fast-casual restaurant chain with a market capitalization of $1.44 billion, saw its stockholders approve all proposals at the company’s virtual Annual Meeting held on June 12, 2025, according to an SEC filing released Tuesday. The company’s stock, currently trading at $12.57, has faced significant headwinds, declining over 60% in the past year according to InvestingPro data.
Stockholders elected all nine director nominees to serve until the 2026 annual meeting. The elected board members include Neil Blumenthal, Julie Bornstein, Cliff Burrows, Nicolas Jammet, Montgomery Moran, Jonathan Neman, Dawn Ostroff, Nathaniel Ru, and Bradley Singer. Dawn Ostroff received the highest support with approximately 193.6 million votes in favor. Despite challenging market conditions, InvestingPro analysis shows the company maintains strong liquidity with a healthy current ratio of 1.97 and operates with moderate debt levels.
The meeting also saw stockholders ratify the appointment of Deloitte & Touche LLP as Sweetgreen’s independent registered public accounting firm for the fiscal year ending December 28, 2025. This proposal received overwhelming support with approximately 207.3 million votes in favor, while only about 227,000 votes were cast against.
Additionally, stockholders approved, on a non-binding advisory basis, the compensation of Sweetgreen’s named executive officers as disclosed in the company’s proxy statement filed on April 24, 2025. This proposal garnered approximately 192.1 million votes in favor, with about 826,000 votes against.
The voting results demonstrate strong shareholder support for the company’s governance and compensation practices, with all proposals receiving significant majorities of the votes cast.
In other recent news, Sweetgreen Inc. reported its first-quarter 2025 earnings, revealing revenue of $166.3 million, slightly surpassing expectations, while earnings per share (EPS) aligned with forecasts at a negative $0.21. Despite this revenue beat, the company faced a 3.1% decline in same-store sales, raising concerns among investors. Sweetgreen plans to expand by opening over 40 new restaurants in 2025, aiming for revenue between $740 million and $760 million. Barclays (LON:BARC) initiated coverage on Sweetgreen with an equalweight rating, citing the company’s strong growth metrics but also noting challenges in maintaining an appropriate valuation multiple. Meanwhile, TD Cowen maintained a Buy rating, highlighting Sweetgreen’s efforts to revamp its loyalty program, which has shown positive results in customer engagement. The revamped program has attracted over 20,000 new signups per week, surpassing previous loyalty program enrollments. Sweetgreen’s strategic initiatives, including the relaunch of seasonal bowls, are expected to drive sales growth amid current market conditions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.