Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
First Watch Restaurant Group Inc (NASDAQ: FWRG) closed the day trading at $21.51 down -14.41% from the previous closing price of $25.13. In other words, the price has decreased by -$14.41 from its previous closing price. On the day, 2.7 million shares were traded. FWRG stock price reached its highest trading level at $24.375 during the session, while it also had its lowest trading level at $21.04.
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 25.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 120.13. 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 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 1298612480 and an Enterprise Value of 2062866944. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 51.71, and their Forward P/E ratio for the next fiscal year is 36.69. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.37. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.46 while its Price-to-Book (P/B) ratio in mrq is 2.30. Its current Enterprise Value per Revenue stands at 2.314 whereas that against EBITDA is 23.705.
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 -10.40%, while the 200-Day Moving Average is calculated to be 6.01%.
Shares Statistics:
Over the past 3-months, FWRG traded about 546.03K shares per day on average, while over the past 10 days, FWRG traded about 584210 shares per day. 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 45.40% stake in the company. Shares short for FWRG as of 1713139200 were 3980594 with a Short Ratio of 7.29, compared to 1710460800 on 4220894. Therefore, it implies a Short% of Shares Outstanding of 3980594 and a Short% of Float of 12.479999999999999.
