The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
In the latest session, First Watch Restaurant Group Inc (NASDAQ: FWRG) closed at $16.83 down -7.02% from its previous closing price of $18.10. In other words, the price has decreased by -$7.02 from its previous closing price. On the day, 1.01 million shares were traded.
Ratios:
For a deeper understanding of First Watch Restaurant Group Inc’s stock, let’s take a closer look at its various ratios. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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:
As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 50.24, and their Forward P/E ratio for the next fiscal year is 31.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.02 while its Price-to-Book (P/B) ratio in mrq is 1.73.
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 $12.90. The 50-Day Moving Average of the stock is -15.38%, while the 200-Day Moving Average is calculated to be -5.26%.
Shares Statistics:
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 81.24% stake in the company.
Earnings Estimates
Current recommendations for the stock of the company come from 3.0 analysts. The consensus estimate for the next quarter is $0.16, with high estimates of $0.19 and low estimates of $0.13.
Analysts are recommending an EPS of between $0.44 and $0.3 for the fiscal current year, implying an average EPS of $0.36. EPS for the following year is $0.56, with 6.0 analysts recommending between $0.8 and $0.4.
Revenue Estimates
A total of 7 analysts believe the company’s revenue will be $284.11M this quarter.It ranges from a high estimate of $288.6M to a low estimate of $280.2M. As of the current estimate, First Watch Restaurant Group Inc’s year-ago sales were $242.45MFor the next quarter, 7 analysts are estimating revenue of $303.66M. There is a high estimate of $307.95M for the next quarter, whereas the lowest estimate is $300.11M.
A total of 7 analysts have provided revenue estimates for FWRG’s current fiscal year. The highest revenue estimate was $1.22B, while the lowest revenue estimate was $1.19B, resulting in an average revenue estimate of $1.2B. In the same quarter a year ago, actual revenue was $1.02BBased on 7 analysts’ estimates, the company’s revenue will be $1.38B in the next fiscal year. The high estimate is $1.46B and the low estimate is $1.29B.
