First Watch Restaurant Group Inc (NASDAQ: FWRG) is -3.43% lower on its value in year-to-date trading and has touched a low of $12.90 and a high of $25.98 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FWRG stock was last observed hovering at around $19.55 in the last trading session, with the day’s loss setting it -0.14%.
Currently trading at $19.41, the stock is 8.08% and 20.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.73 million and changing -0.72% at the moment leaves the stock 0.95% off its SMA200. FWRG registered 12.98% gain for a year compared to 6-month loss of 1.36%. The firm has a 50-day simple moving average (SMA 50) of $16.0867 and a 200-day simple moving average (SMA200) of $19.238625.
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The stock witnessed a 31.42% gain in the last 1 month and extending the period to 3 months gives it a 16.02%, and is 6.36% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.43% over the week and 4.73% over the month.
First Watch Restaurant Group Inc (FWRG) has around 14000 employees, a market worth around $1.18B and $997.25M in sales. Current P/E ratio is 57.94 and Fwd P/E is 46.28. Profit margin for the company is 2.09%. Distance from 52-week low is 50.47% and -25.29% from its 52-week high. The company has generated returns on investments over the last 12 months (1.59%).
The EPS is expected to shrink by -25.47% this year
202.0 institutions hold shares in First Watch Restaurant Group Inc (FWRG), with institutional investors hold 114.31% of the company’s shares. The shares outstanding are 59.89M, and float is at 32.25M with Short Float at 14.97%. Institutions hold 112.71% of the Float.
The top institutional shareholder in the company is ADVENT INTERNATIONAL CORP/MA with over 27.19 million shares valued at $477.45 million. The investor’s holdings represent 45.0276 of the FWRG Shares outstanding. As of 2024-06-30, the second largest holder is GILDER GAGNON HOWE & CO LLC with 3.07 million shares valued at $53.87 million to account for 5.0807 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 2.13 million shares representing 3.5222 and valued at over $37.35 million, while FOXHAVEN ASSET MANAGEMENT, LP holds 3.3452 of the shares totaling 2.02 million with a market value of $35.47 million.
First Watch Restaurant Group Inc (FWRG) Insider Activity
Still, SEC filings show that on Aug 26 ’24, Bradley Julie MB (Director) Proposed Sale 66,665 shares at an average price of $17.15 for $1.14 million. The insider now directly holds shares of First Watch Restaurant Group Inc (FWRG).
