First Watch Restaurant Group Inc [FWRG] stock is trading at $20.83, up 14.14%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FWRG shares have gain 22.57% over the last week, with a monthly amount glided 56.62%, and 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 October 17, 2024, when Stephens initiated its Overweight rating and assigned the stock a price target of $20. Previously, The Benchmark Company started tracking the stock with Buy rating on August 27, 2024, and set its price target to $23. On January 04, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $20 on the stock. Raymond James upgraded its rating to a Strong Buy and decreased its price target to $22 on October 18, 2023. Piper Sandler initiated its recommendation with a Overweight and recommended $22 as its price target on July 18, 2023. In a note dated January 27, 2022, Citigroup upgraded an Buy rating on this stock and revised its target price from $24.50 to $22.
First Watch Restaurant Group Inc [FWRG] stock has fluctuated between $12.90 and $25.98 over the past year. Currently, Wall Street analysts expect the stock to reach $20.8 within the next 12 months. First Watch Restaurant Group Inc [NASDAQ: FWRG] shares were valued at $20.83 at the most recent close of the market. An investor can expect a potential drop of -0.14% based on the average FWRG price forecast.
Analyzing the FWRG fundamentals
First Watch Restaurant Group Inc [NASDAQ:FWRG] reported sales of 964.86M for the trailing twelve months, which represents a growth of 19.54%. Gross Profit Margin for this corporation currently stands at 0.19% 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 0.04 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.42.
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 18.88 points at the first support level, and at 16.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.39, and for the 2nd resistance point, it is at 23.96.
Ratios To Look Out For
For context, First Watch Restaurant Group Inc’s Current Ratio is 0.57. As well, the Quick Ratio is 0.52, while the Cash Ratio is 0.38. Considering the valuation of this stock, the price to sales ratio is 1.30, the price to book ratio is 2.15 and price to earnings (TTM) ratio is 53.56.
Transactions by insiders
Recent insider trading involved Bradley Julie MB, Director, that happened on Sep 19 ’24 when 41451.0 shares were purchased. Director, Bradley Julie MB completed a deal on Aug 27 ’24 to buy 9528.0 shares. Meanwhile, Director Bradley Julie MB bought 66665.0 shares on Aug 26 ’24.
