At the time of writing, First Watch Restaurant Group Inc [FWRG] stock is trading at $21.18, up 2.62%. An important factor to consider is whether the stock is rising or falling in short-term value. The FWRG shares have lost -1.21% over the last week, with a monthly amount glided 2.67%, 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.
For the past year, the stock price of First Watch Restaurant Group Inc fluctuated between $12.90 and $25.98. 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 $21.18 at the most recent close of the market. An investor can expect a potential return of 1.51% based on the average FWRG price forecast.
Analyzing the FWRG fundamentals
According to First Watch Restaurant Group Inc [NASDAQ:FWRG], the company’s sales were 997.25M for trailing twelve months, which represents an 14.78% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.32.
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 20.75 points at the first support level, and at 20.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.43, and for the 2nd resistance point, it is at 21.67.
Ratios To Look Out For
It is important to note that First Watch Restaurant Group Inc [NASDAQ:FWRG] has a current ratio of 0.54. On the other hand, the Quick Ratio is 0.51, and the Cash Ratio is 0.38. Considering the valuation of this stock, the price to sales ratio is 1.29, the price to book ratio is 2.18 and price to earnings (TTM) ratio is 63.22.
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.
