Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The price of First Watch Restaurant Group Inc (NASDAQ: FWRG) closed at $21.34 in the last session, up 0.52% from day before closing price of $21.23. In other words, the price has increased by $0.52 from its previous closing price. On the day, 0.58 million shares were traded. FWRG stock price reached its highest trading level at $21.9 during the session, while it also had its lowest trading level at $21.24.
Ratios:
We take a closer look at FWRG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.51 and its Current Ratio is at 0.54. In the meantime, Its Debt-to-Equity ratio is 1.33 whereas as Long-Term Debt/Eq ratio is at 1.23.
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 this company, Stephens on October 17, 2024, initiated with a Overweight rating and assigned the stock a target price of $20.
On August 27, 2024, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $23.
Stifel Downgraded its Buy to Hold on January 04, 2024, whereas the target price for the stock was revised from $22 to $20.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 13 ’24 when Advent Partners GPE VIII Limit sold 8,000,000 shares for $19.76 per share. The transaction valued at 158,080,000 led to the insider holds 19,189,784 shares of the business.
Advent International GPE VIII- sold 8,000,000 shares of FWRG for $158,080,000 on Nov 13 ’24. The 10% Owner now owns 19,189,784 shares after completing the transaction at $19.76 per share. On Nov 13 ’24, another insider, ADVENT INTERNATIONAL, L.P., who serves as the 10% Owner of the company, sold 8,000,000 shares for $19.76 each. As a result, the insider received 158,080,000 and left with 19,189,784 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 1292559488 and an Enterprise Value of 2020326912. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 63.70, and their Forward P/E ratio for the next fiscal year is 50.45. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.30 while its Price-to-Book (P/B) ratio in mrq is 2.19. Its current Enterprise Value per Revenue stands at 2.026 whereas that against EBITDA is 20.261.
Stock Price History:
The Beta on a monthly basis for FWRG is 0.92, which has changed by -0.04196751 over the last 52 weeks, in comparison to a change of 0.23095727 over the same period for the S&P500. Over the past 52 weeks, FWRG has reached a high of $25.98, while it has fallen to a 52-week low of $12.90. The 50-Day Moving Average of the stock is 12.36%, while the 200-Day Moving Average is calculated to be 18.48%.
Shares Statistics:
According to the various share statistics, FWRG traded on average about 732.89K shares per day over the past 3-months and 528550 shares per day over the past 10 days. A total of 60.55M shares are outstanding, with a floating share count of 40.32M. Insiders hold about 33.43% of the company’s shares, while institutions hold 64.30% stake in the company. Shares short for FWRG as of 1736899200 were 5005341 with a Short Ratio of 6.83, compared to 1734048000 on 4313357. Therefore, it implies a Short% of Shares Outstanding of 5005341 and a Short% of Float of 15.6.