First Watch Restaurant Group Inc [FWRG] stock is trading at $25.40, up 3.17%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The FWRG shares have gain 4.79% over the last week, with a monthly amount glided 1.40%, and seem to be holding up well over a long-time horizon.
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On 7, March 2024, First Watch Restaurant Group, Inc. Announces Secondary Offering of Common Stock. In a post published today on Yahoo Finance, First Watch Restaurant Group, Inc. (“FWRG” or the “Company”) (NASDAQ: FWRG), a leading Daytime Dining concept serving breakfast, brunch and lunch, today announced the launch of an underwritten secondary offering (the “Offering”) by certain funds managed by Advent International, L.P. (the “Selling Stockholders”) of 6,000,000 shares of the Company’s common stock (“Common Stock”).
From an analyst’s perspective:
First Watch Restaurant Group Inc [NASDAQ: FWRG] stock has seen the most recent analyst activity on January 04, 2024, when Stifel downgraded its rating to a Hold and also revised its price target to $20 from $22. Previously, Raymond James upgraded its rating to Strong Buy on October 18, 2023, and dropped its price target to $22. On July 18, 2023, Piper Sandler initiated with a Overweight rating and assigned a price target of $22 on the stock. Citigroup upgraded its rating to a Buy and reduced its price target to $22 on January 27, 2022. Raymond James started tracking with a Outperform rating for this stock on January 13, 2022, and assigned it a price target of $24. In a note dated October 26, 2021, Stifel initiated an Buy rating and provided a target price of $25 on this stock.
First Watch Restaurant Group Inc [FWRG] stock has fluctuated between $14.34 and $25.88 over the past year. Currently, Wall Street analysts expect the stock to reach $19 within the next 12 months. First Watch Restaurant Group Inc [NASDAQ: FWRG] shares were valued at $25.40 at the most recent close of the market. An investor can expect a potential drop of -25.2% based on the average FWRG price forecast.
Analyzing the FWRG fundamentals
First Watch Restaurant Group Inc [NASDAQ:FWRG] reported sales of 891.55M for the trailing twelve months, which represents a growth of 31.70%. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.05 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.08.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 24.80 points at the first support level, and at 24.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.77, and for the 2nd resistance point, it is at 26.13.
First Watch Restaurant Group Inc [FWRG] reported earnings per share of $0.04 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.04/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.09 per share as compared to estimates of $0.04 per share, a difference of $0.05 representing a surprise of 125.00%.
Ratios To Look Out For
For context, First Watch Restaurant Group Inc’s Current Ratio is 0.62. Further, the Quick Ratio stands at 0.57, while the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 1.71, the price to book ratio is 2.71 and price to earnings (TTM) ratio is 61.06.
Transactions by insiders
Recent insider trading involved Wolszczak Jay Anthony, Chief Legal Officer, GC & Secy, that happened on Mar 15 ’24 when 15000.0 shares were sold. Chief Brand Officer, Eisenacher Matthew completed a deal on Mar 14 ’24 to sell 3770.0 shares. Meanwhile, Director Glynn Tricia sold 6.9 million shares on Mar 12 ’24.
