First Watch Restaurant Group Inc (NASDAQ: FWRG) closed the day trading at $24.21 down -0.04% from the previous closing price of $24.22. In other words, the price has decreased by -$0.01 from its previous closing price. On the day, 758468 shares were traded.
Ratios:
For a better understanding of FWRG, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 29.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 134.13. For the most recent quarter (mrq), Quick Ratio is recorded 0.57 and its Current Ratio is at 0.62. In the meantime, Its Debt-to-Equity ratio is 1.08 whereas as Long-Term Debt/Eq ratio is at 1.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Stifel on January 04, 2024, Downgraded its rating to Hold and sets its target price to $20 from $22 previously.
On October 18, 2023, Raymond James Upgraded its rating to Strong Buy which previously was Outperform and also lowered its target price recommendation from $24 to $22.
On July 18, 2023, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $22.Piper Sandler initiated its Overweight rating on July 18, 2023, with a $22 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 12 ’24 when Glynn Tricia sold 6,900,000 shares for $23.99 per share. The transaction valued at 165,531,000 led to the insider holds 27,189,784 shares of the business.
Paresky David sold 6,900,000 shares of FWRG for $165,531,000 on Mar 12 ’24. The Director now owns 27,189,784 shares after completing the transaction at $23.99 per share. On Mar 12 ’24, another insider, ADVENT INTERNATIONAL, L.P., who serves as the 10% Owner of the company, sold 6,900,000 shares for $23.99 each. As a result, the insider received 165,531,000 and left with 27,189,784 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FWRG now has a Market Capitalization of 1.45B and an Enterprise Value of 2.01B. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 58.20, and their Forward P/E ratio for the next fiscal year is 41.82. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.54. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.63 while its Price-to-Book (P/B) ratio in mrq is 2.58. Its current Enterprise Value per Revenue stands at 2.25 whereas that against EBITDA is 23.51.
Stock Price History:
Over the past 52 weeks, FWRG has reached a high of $25.88, while it has fallen to a 52-week low of $14.34. The 50-Day Moving Average of the stock is 22.39, while the 200-Day Moving Average is calculated to be 19.14.
Shares Statistics:
Over the past 3-months, FWRG traded about 412.05K shares per day on average, while over the past 10 days, FWRG traded about 913.24k shares per day. A total of 59.89M shares are outstanding, with a floating share count of 24.67M. Insiders hold about 58.81% of the company’s shares, while institutions hold 43.64% stake in the company. Shares short for FWRG as of Feb 29, 2024 were 4.16M with a Short Ratio of 10.11, compared to 3.35M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.95% and a Short% of Float of 24.43%.
Earnings Estimates
Current recommendations for the stock of the company come from 7 analysts. On average, analysts expect EPS of $0.1 for the current quarter, with a high estimate of $0.11 and a low estimate of $0.08, while EPS last year was $0.15. The consensus estimate for the next quarter is $0.16, with high estimates of $0.19 and low estimates of $0.14.
Analysts are recommending an EPS of between $0.55 and $0.39 for the fiscal current year, implying an average EPS of $0.44. EPS for the following year is $0.57, with 7 analysts recommending between $0.76 and $0.5.
Revenue Estimates
7 analysts predict $243.56M in revenue for the current quarter. It ranges from a high estimate of $248M to a low estimate of $237.75M. As of the current estimate, First Watch Restaurant Group Inc’s year-ago sales were $211.41M, an estimated increase of 15.20% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $263.19M, an increase of 21.70% over than the figure of $15.20% in the same quarter last year. There is a high estimate of $269.8M for the next quarter, whereas the lowest estimate is $260.05M.
A total of 8 analysts have provided revenue estimates for FWRG’s current fiscal year. The highest revenue estimate was $1.06B, while the lowest revenue estimate was $1.04B, resulting in an average revenue estimate of $1.05B. In the same quarter a year ago, actual revenue was $891.55M, up 18.00% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $1.22B in the next fiscal year. The high estimate is $1.24B and the low estimate is $1.2B. The average revenue growth estimate for next year is up 15.80% from the average revenue estimate for this year.
