Market Watch Highlights: First Watch Restaurant Group Inc (FWRG) Ends on an Upturn Note at 15.00

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As of close of business last night, First Watch Restaurant Group Inc’s stock clocked out at $15.00, up 0.40% from its previous closing price of $14.94. In other words, the price has increased by $0.40 from its previous closing price. On the day, 0.64 million shares were traded. FWRG stock price reached its highest trading level at $15.1599 during the session, while it also had its lowest trading level at $14.92.

Ratios:

To gain a deeper understanding of FWRG’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.52 and its Current Ratio is at 0.57. In the meantime, Its Debt-to-Equity ratio is 1.28 whereas as Long-Term Debt/Eq ratio is at 1.19.

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, The Benchmark Company on August 27, 2024, initiated with a Buy rating and assigned the stock a target price of $23.

On January 04, 2024, Stifel Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $22 to $20.

Raymond James Upgraded its Outperform to Strong Buy on October 18, 2023, whereas the target price for the stock was revised from $24 to $22.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 27 ’24 when Bradley Julie MB bought 9,528 shares for $17.17 per share.

Bradley Julie MB bought 66,665 shares of FWRG for $1,143,305 on Aug 26 ’24. On Apr 22 ’24, another insider, Kussell William A, who serves as the Director of the company, sold 8,386 shares for $22.10 each. As a result, the insider received 185,359 and left with 12,409 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 906220480 and an Enterprise Value of 1609720832. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 38.57, and their Forward P/E ratio for the next fiscal year is 34.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.94 while its Price-to-Book (P/B) ratio in mrq is 1.55. Its current Enterprise Value per Revenue stands at 1.668 whereas that against EBITDA is 16.722.

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 $14.05. The 50-Day Moving Average of the stock is -6.28%, while the 200-Day Moving Average is calculated to be -24.92%.

Shares Statistics:

It appears that FWRG traded 669.14K shares on average per day over the past three months and 488290 shares per day over the past ten days. A total of 59.89M shares are outstanding, with a floating share count of 32.15M. Insiders hold about 46.78% of the company’s shares, while institutions hold 63.23% stake in the company. Shares short for FWRG as of 1723680000 were 4552049 with a Short Ratio of 7.02, compared to 1721001600 on 3665746. Therefore, it implies a Short% of Shares Outstanding of 4552049 and a Short% of Float of 14.26.

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