Currently, First Watch Restaurant Group Inc [FWRG] is trading at $22.23, up 7.86%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FWRG shares have gain 6.11% over the last week, with a monthly amount glided 21.21%, and seem to be holding up well over a long-time horizon.
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.
This stock has fluctuated between a low of $12.90 and a high of $25.98 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $21.5 within the next 12 months. First Watch Restaurant Group Inc [NASDAQ: FWRG] shares were valued at $22.23 at the most recent close of the market. An investor can expect a potential drop of -3.28% based on the average FWRG price forecast.
Analyzing the FWRG fundamentals
Trailing Twelve Months sales for First Watch Restaurant Group Inc [NASDAQ:FWRG] were 997.25M which represents 14.78% growth. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. 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 of1.32.
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 21.08 points at the first support level, and at 19.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.05, and for the 2nd resistance point, it is at 23.86.
Ratios To Look Out For
To put it in perspective, the Current Ratio for First Watch Restaurant Group Inc [NASDAQ:FWRG] is 0.54. Also, the Quick Ratio is 0.51, while the Cash Ratio stands at 0.38. Considering the valuation of this stock, the price to sales ratio is 1.35, the price to book ratio is 2.28 and price to earnings (TTM) ratio is 66.36.
Transactions by insiders
Recent insider trading involved Advent Partners GPE VIII Limit, 10% Owner, that happened on Nov 13 ’24 when 8.0 million shares were sold. 10% Owner, Advent International GPE VIII- completed a deal on Nov 13 ’24 to sell 8.0 million shares. Meanwhile, 10% Owner ADVENT INTERNATIONAL, L.P. sold 8.0 million shares on Nov 13 ’24.
