Sweetgreen Stock Rallies Some 10%

SG rose 10% to $22.36 shortly before the market's 4 p.m. ET close, with a refiling Monday of a proxy statement for its June 13 annual meeting representing the only obvious development for the stock.

The revised proxy statement fixed errors in an earlier version filed last Friday regarding the company's total number of shares outstanding. The new proxy also corrected some executive-compensation issues like the value of CEO Jonathan Neman's outstanding performance-based restricted stock-unit award as of Dec. 31.

However, the original proxy filing last week didn't appear to move SG's price very much.

Sweetgreen operates more than 225 U.S. quick-serve restaurants that focus on healthier-eating choices. The company recently announced plans to release Q1 earnings after the bell on May 9.