Financial Metrics Exploration: Understanding First Watch Restaurant Group Inc (FWRG) Through Ratios

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The closing price of First Watch Restaurant Group Inc (NASDAQ: FWRG) was $19.68 for the day, down -6.02% from the previous closing price of $20.94. In other words, the price has decreased by -$6.02 from its previous closing price. On the day, 0.8 million shares were traded. FWRG stock price reached its highest trading level at $21.105 during the session, while it also had its lowest trading level at $19.61.

Ratios:

Our analysis of FWRG’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 27.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2048.42. For the most recent quarter (mrq), Quick Ratio is recorded 0.55 and its Current Ratio is at 0.60. In the meantime, Its Debt-to-Equity ratio is 1.07 whereas as Long-Term Debt/Eq ratio is at 0.99.

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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 22 ’24 when Kussell William A sold 8,386 shares for $22.10 per share. The transaction valued at 185,359 led to the insider holds 12,409 shares of the business.

Wolszczak Jay Anthony sold 15,000 shares of FWRG for $364,350 on Mar 15 ’24. The Chief Legal Officer, GC & Secy now owns 43,511 shares after completing the transaction at $24.29 per share. On Mar 14 ’24, another insider, Eisenacher Matthew, who serves as the Chief Brand Officer of the company, sold 3,770 shares for $24.28 each. As a result, the insider received 91,536 and left with 30,906 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 1188130816 and an Enterprise Value of 1756325376. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 52.20, and their Forward P/E ratio for the next fiscal year is 35.54. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.29 while its Price-to-Book (P/B) ratio in mrq is 2.07. Its current Enterprise Value per Revenue stands at 1.904 whereas that against EBITDA is 20.046.

Stock Price History:

Over the past 52 weeks, FWRG has reached a high of $25.98, while it has fallen to a 52-week low of $15.67. The 50-Day Moving Average of the stock is -17.03%, while the 200-Day Moving Average is calculated to be -3.28%.

Shares Statistics:

FWRG traded an average of 606.32K shares per day over the past three months and 942650 shares per day over the past ten days. A total of 59.89M shares are outstanding, with a floating share count of 31.94M. Insiders hold about 47.10% of the company’s shares, while institutions hold 48.22% stake in the company. Shares short for FWRG as of 1714435200 were 4186036 with a Short Ratio of 6.90, compared to 1711584000 on 4515086. Therefore, it implies a Short% of Shares Outstanding of 4186036 and a Short% of Float of 13.13.

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