7 hours Ago By Defense World Staff
First Watch Restaurant Group (NASDAQ:FWRG – Get Free Report)‘s stock had its “overweight” rating reissued by stock analysts at Stephens in a note issued to investors on Thursday,Benzinga reports. They currently have a $24.00 price objective on the stock.
Stephens’ price target suggests a potential upside of 23.71% from the stock’s previous close.Other research analysts have also issued research reports about the company.
Barclays upped their price target on First Watch Restaurant Group from $21.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday.
Sanford C. Bernstein set a $21.00 price target on First Watch Restaurant Group in a research note on Tuesday, March 11th.
Benchmark reiterated a “buy” rating on shares of First Watch Restaurant Group in a report on Wednesday, March 12th. Bank of America upped their price objective on shares of First Watch Restaurant Group from $27.00 to $28.
00 and gave the stock a “buy” rating in a report on Wednesday, March 12th. Finally, TD Securities raised shares of First Watch Restaurant Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $21.00 to $22.
00 in a research note on Tuesday, April 1st. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.
com, First Watch Restaurant Group presently has an average rating of “Buy” and an average target price of $22.73.Get Our Latest Analysis on First Watch Restaurant GroupFirst Watch Restaurant Group Stock Up 0.
2 %Shares of NASDAQ FWRG opened at $19.40 on Thursday. The firm’s fifty day moving average is $18.
27 and its 200 day moving average is $18.58. First Watch Restaurant Group has a 52 week low of $12.
90 and a 52 week high of $25.98. The company has a quick ratio of 0.
51, a current ratio of 0.54 and a debt-to-equity ratio of 0.32.
The company has a market cap of $1.18 billion, a price-to-earnings ratio of 58.79, a PEG ratio of 3.
38 and a beta of 1.02. First Watch Restaurant Group (NASDAQ:FWRG – Get Free Report) last released its quarterly earnings data on Tuesday, March 11th.
The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.
01). The firm had revenue of $263.30 million during the quarter, compared to analysts’ expectations of $262.
82 million. First Watch Restaurant Group had a net margin of 2.09% and a return on equity of 3.
61%. First Watch Restaurant Group’s revenue was up 7.6% compared to the same quarter last year.
During the same quarter in the previous year, the firm posted $0.04 EPS. On average, equities research analysts expect that First Watch Restaurant Group will post 0.
32 earnings per share for the current year. Insider Buying and SellingIn related news, insider Jay Anthony Wolszczak sold 5,743 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $16.
81, for a total value of $96,539.83. Following the transaction, the insider now owns 37,768 shares in the company, valued at $634,880.
08. The trade was a 13.20 % decrease in their position.
The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher Anthony Tomasso sold 42,039 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $16.
81, for a total transaction of $706,675.59. Following the sale, the chief executive officer now owns 389,832 shares of the company’s stock, valued at approximately $6,553,075.
92. This represents a 9.73 % decrease in their ownership of the stock.
The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.
Institutional Inflows and OutflowsSeveral hedge funds and other institutional investors have recently made changes to their positions in the company. Assetmark Inc. raised its holdings in First Watch Restaurant Group by 68.
7% in the 4th quarter. Assetmark Inc. now owns 2,455 shares of the company’s stock worth $46,000 after acquiring an additional 1,000 shares during the last quarter.
Whittier Trust Co. of Nevada Inc. bought a new stake in shares of First Watch Restaurant Group in the 4th quarter worth $51,000.
State of Wyoming raised its stake in shares of First Watch Restaurant Group by 212.6% in the fourth quarter. State of Wyoming now owns 3,214 shares of the company’s stock worth $60,000 after purchasing an additional 2,186 shares during the last quarter.
Venturi Wealth Management LLC bought a new position in shares of First Watch Restaurant Group during the fourth quarter valued at $81,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of First Watch Restaurant Group during the fourth quarter valued at $86,000. Institutional investors own 96.
11% of the company’s stock. About First Watch Restaurant Group (Get Free Report)First Watch Restaurant Group, Inc, through its subsidiaries, operates and franchises restaurants under the First Watch trade name in the United States. The company was formerly known as AI Fresh Super Holdco, Inc and changed its name to First Watch Restaurant Group, Inc in December 2019.
First Watch Restaurant Group, Inc was founded in 1983 and is based in Bradenton, Florida.See AlsoFive stocks we like better than First Watch Restaurant GroupHow to Short Nasdaq: An Easy-to-Follow GuideShort Sellers Gave Up on These 3 Names RecentlyHow to Use the MarketBeat Dividend Calculator3 Boring Stocks Outperforming the Market This YearInsider Selling Explained: Can it Inform Your Investing Choices?If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy.
