First Watch Restaurant Group Inc [FWRG] stock is trading at $15.99, up 2.70%. An important factor to consider is whether the stock is rising or falling in short-term value. The FWRG shares have gain 5.34% over the last week, with a monthly amount drifted -8.94%, and not seem to be holding up well over a long-time horizon.
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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 $14.56 and $25.98 over the past year. Currently, Wall Street analysts expect the stock to reach $21 within the next 12 months. First Watch Restaurant Group Inc [NASDAQ: FWRG] shares were valued at $15.99 at the most recent close of the market. An investor can expect a potential return of 31.33% based on the average FWRG price forecast.
Analyzing the FWRG fundamentals
First Watch Restaurant Group Inc [NASDAQ:FWRG] reported sales of 922.59M for the trailing twelve months, which represents a growth of 14.68%. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.03%, 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 0.04 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.29.
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 15.66 points at the first support level, and at 15.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.18, and for the 2nd resistance point, it is at 16.36.
Ratios To Look Out For
For context, First Watch Restaurant Group Inc’s Current Ratio is 0.60. On the other hand, the Quick Ratio is 0.55, and the Cash Ratio is 0.41. Considering the valuation of this stock, the price to sales ratio is 1.05, the price to book ratio is 1.68 and price to earnings (TTM) ratio is 42.41.
Transactions by insiders
Recent insider trading involved Kussell William A, Director, that happened on Apr 22 ’24 when 8386.0 shares were sold. Chief Legal Officer, GC & Secy, Wolszczak Jay Anthony completed a deal on Mar 15 ’24 to sell 15000.0 shares. Meanwhile, Chief Brand Officer Eisenacher Matthew sold 3770.0 shares on Mar 14 ’24.
