The price of First Watch Restaurant Group Inc (NASDAQ:FWRG) shares last traded on Wall Street rose 0.54% to $20.61.
FWRG stock price is now 5.09% away from the 50-day moving average and 15.19% away from the 200-day moving average. The market capitalization of the company currently stands at $1.25B.
With the price target of $20, Stephens recently initiated with Overweight rating for First Watch Restaurant Group Inc (NASDAQ: FWRG). On August 27, 2024, The Benchmark Company recently initiated its ‘Buy’ rating on the stock quoting a target price of $23, while ‘Stifel’ rates the stock as ‘Hold’
In other news, Advent Partners GPE VIII Limit, 10% Owner sold 8,000,000 shares of the company’s stock on Nov 13 ’24. The stock was sold for $158,080,000 at an average price of $19.76. Upon completion of the transaction, the 10% Owner now directly owns 19,189,784 shares in the company, valued at $395.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 13 ’24, 10% Owner Advent International GPE VIII- sold 8,000,000 shares of the business’s stock. A total of $158,080,000 was realized by selling the stock at an average price of $19.76. This leaves the insider owning 19,189,784 shares of the company worth $395.5 million. A total of 33.44% of the company’s stock is owned by insiders.
During the past 12 months, First Watch Restaurant Group Inc has had a low of $12.90 and a high of $25.98. As of last week, the company has a debt-to-equity ratio of 1.33, a current ratio of 0.54, and a quick ratio of 0.51. According to the stock market information, the enterprise value for the company is $1976110976, which is based on a 61.52 price-to-earnings ratio, a 6.63 price-to-earnings-growth ratio, and a beta of 0.91. The fifty day moving average price for FWRG is $19.6112 and a two-hundred day moving average price translates $17.892574 for the stock.
The latest earnings results from First Watch Restaurant Group Inc (NASDAQ: FWRG) was released for 2024-09-29. The net profit margin was 2.09% and return on equity was 3.64% for FWRG. The company reported revenue of $251.61 million for the quarter, compared to $219.21 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.78 percent.
