First Watch Restaurant Group Inc (NASDAQ: FWRG) is -11.77% 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 $17.04 in the last trading session, with the day’s loss setting it -0.62%.
Currently trading at $16.42, the stock is -16.92% and -17.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing -3.64% at the moment leaves the stock -7.43% off its SMA200. FWRG registered -33.36% loss for a year compared to 6-month gain of 9.91%. The firm has a 50-day simple moving average (SMA 50) of $19.8026 and a 200-day simple moving average (SMA200) of $17.738375.
The stock witnessed a -19.82% loss in the last 1 month and extending the period to 3 months gives it a -13.44%, and is -12.24% down 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 8.62% over the week and 6.10% over the month.
First Watch Restaurant Group Inc (FWRG) has around 15000 employees, a market worth around $996.70M and $1.02B in sales. Current P/E ratio is 54.14 and Fwd P/E is 31.23. Profit margin for the company is 1.86%. Distance from 52-week low is 27.29% and -36.80% from its 52-week high. The company has generated returns on investments over the last 12 months (1.41%).
The EPS is expected to grow by 25.83% this year
215.0 institutions hold shares in First Watch Restaurant Group Inc (FWRG), with institutional investors hold 116.24% of the company’s shares. The shares outstanding are 60.70M, and float is at 40.32M with Short Float at 13.24%. Institutions hold 114.62% 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
The most recent transaction is an insider sale by Advent Partners GPE VIII Limit, the company’s 10% Owner. SEC filings show that Advent Partners GPE VIII Limit sold 8,000,000 shares of the company’s common stock on Nov 13 ’24 at a price of $19.76 per share for a total of $158.08 million. Following the sale, the insider now owns 19.19 million shares.
First Watch Restaurant Group Inc disclosed in a document filed with the SEC on Nov 13 ’24 that Advent International GPE VIII- (10% Owner) sold a total of 8,000,000 shares of the company’s common stock. The trade occurred on Nov 13 ’24 and was made at $19.76 per share for $158.08 million. Following the transaction, the insider now directly holds 19.19 million shares of the FWRG stock.
Still, SEC filings show that on Nov 13 ’24, ADVENT INTERNATIONAL, L.P. (10% Owner) disposed off 8,000,000 shares at an average price of $19.76 for $158.08 million. The insider now directly holds 19,189,784 shares of First Watch Restaurant Group Inc (FWRG).
