First Watch Restaurant Group Inc (NASDAQ: FWRG) has a price-to-earnings ratio that is above its average at 52.79x. The stock has a 36-month beta value of 1.06. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for FWRG is 31.94M, and at present, short sellers hold a 12.46% of that float. On May 07, 2024, the average trading volume of FWRG was 546.03K shares.
FWRG) stock’s latest price update
First Watch Restaurant Group Inc (NASDAQ: FWRG)’s stock price has dropped by -12.61 in relation to previous closing price of 25.13. Nevertheless, the company has seen a loss of -13.95% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-07 that The headline numbers for First Watch Restaurant Group (FWRG) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
FWRG’s Market Performance
First Watch Restaurant Group Inc (FWRG) has seen a -13.95% fall in stock performance for the week, with a -5.26% decline in the past month and a 0.83% surge in the past quarter. The volatility ratio for the week is 3.99%, and the volatility levels for the past 30 days are at 3.22% for FWRG. The simple moving average for the past 20 days is -6.42% for FWRG’s stock, with a 8.23% simple moving average for the past 200 days.
Analysts’ Opinion of FWRG
Many brokerage firms have already submitted their reports for FWRG stocks, with Stifel repeating the rating for FWRG by listing it as a “Hold.” The predicted price for FWRG in the upcoming period, according to Stifel is $20 based on the research report published on January 04, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see FWRG reach a price target of $22, previously predicting the price at $24. The rating they have provided for FWRG stocks is “Strong Buy” according to the report published on October 18th, 2023.
Piper Sandler gave a rating of “Overweight” to FWRG, setting the target price at $22 in the report published on July 18th of the previous year.
FWRG Trading at -8.52% from the 50-Day Moving Average
After a stumble in the market that brought FWRG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.47% of loss for the given period.
Volatility was left at 3.22%, however, over the last 30 days, the volatility rate increased by 3.99%, as shares sank -5.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.25% lower at present.
During the last 5 trading sessions, FWRG fell by -14.24%, which changed the moving average for the period of 200-days by +17.16% in comparison to the 20-day moving average, which settled at $23.40. In addition, First Watch Restaurant Group Inc saw 9.25% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FWRG starting from Kussell William A, who sale 8,386 shares at the price of $22.10 back on Apr 22 ’24. After this action, Kussell William A now owns 12,409 shares of First Watch Restaurant Group Inc, valued at $185,359 using the latest closing price.
Wolszczak Jay Anthony, the Chief Legal Officer, GC & Secy of First Watch Restaurant Group Inc, sale 15,000 shares at $24.29 during a trade that took place back on Mar 15 ’24, which means that Wolszczak Jay Anthony is holding 43,511 shares at $364,350 based on the most recent closing price.
Stock Fundamentals for FWRG
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.21 for the gross margin
The net margin for First Watch Restaurant Group Inc stands at 0.03. The total capital return value is set at 0.04. Equity return is now at value 4.68, with 1.90 for asset returns.
Based on First Watch Restaurant Group Inc (FWRG), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 1.08. The interest coverage ratio of the stock is 5.12.
Currently, EBITDA for the company is 89.87 million with net debt to EBITDA at 6.32. When we switch over and look at the enterprise to sales, we see a ratio of 2.11. The receivables turnover for the company is 161.16for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.62.
Conclusion
To sum up, First Watch Restaurant Group Inc (FWRG) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
