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First Watch Restaurant Group (FWRG) Stock Price, News & Analysis

First Watch Restaurant Group logo
$18.24 +0.49 (+2.76%)
(As of 11/22/2024 ET)

About First Watch Restaurant Group Stock (NASDAQ:FWRG)

Key Stats

Today's Range
$17.71
$18.28
50-Day Range
$13.30
$21.42
52-Week Range
$12.90
$25.98
Volume
938,429 shs
Average Volume
620,881 shs
Market Capitalization
$1.10 billion
P/E Ratio
55.27
Dividend Yield
N/A
Price Target
$23.30
Consensus Rating
Moderate Buy

Company Overview

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.

First Watch Restaurant Group Stock Analysis - MarketRank™

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87th Percentile Overall Score

FWRG MarketRank™: 

First Watch Restaurant Group scored higher than 87% of companies evaluated by MarketBeat, and ranked 59th out of 210 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    First Watch Restaurant Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.90, and is based on 7 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    First Watch Restaurant Group has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about First Watch Restaurant Group's stock forecast and price target.
  • Earnings Growth

    Earnings for First Watch Restaurant Group are expected to grow by 41.94% in the coming year, from $0.31 to $0.44 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of First Watch Restaurant Group is 55.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.56.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of First Watch Restaurant Group is 55.27, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 122.85.

  • Price to Earnings Growth Ratio

    First Watch Restaurant Group has a PEG Ratio of 5.04. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    First Watch Restaurant Group has a P/B Ratio of 1.87. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about First Watch Restaurant Group's valuation and earnings.
  • Percentage of Shares Shorted

    15.01% of the float of First Watch Restaurant Group has been sold short.
  • Short Interest Ratio / Days to Cover

    First Watch Restaurant Group has a short interest ratio ("days to cover") of 9.1.
  • Change versus previous month

    Short interest in First Watch Restaurant Group has recently increased by 4.32%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    First Watch Restaurant Group does not currently pay a dividend.

  • Dividend Growth

    First Watch Restaurant Group does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    15.01% of the float of First Watch Restaurant Group has been sold short.
  • Short Interest Ratio / Days to Cover

    First Watch Restaurant Group has a short interest ratio ("days to cover") of 9.1.
  • Change versus previous month

    Short interest in First Watch Restaurant Group has recently increased by 4.32%, indicating that investor sentiment is decreasing.
  • News Sentiment

    First Watch Restaurant Group has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Retail/Wholesale companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for First Watch Restaurant Group this week, compared to 4 articles on an average week.
  • Search Interest

    Only 1 people have searched for FWRG on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.
  • MarketBeat Follows

    1 people have added First Watch Restaurant Group to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, First Watch Restaurant Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $158,080,000.00 in company stock.

  • Percentage Held by Insiders

    Only 5.00% of the stock of First Watch Restaurant Group is held by insiders.

  • Percentage Held by Institutions

    96.11% of the stock of First Watch Restaurant Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about First Watch Restaurant Group's insider trading history.
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FWRG Stock News Headlines

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First Watch Restaurant price target raised to $24 from $22 at Barclays
See More Headlines

FWRG Stock Analysis - Frequently Asked Questions

First Watch Restaurant Group's stock was trading at $20.10 at the start of the year. Since then, FWRG stock has decreased by 9.3% and is now trading at $18.24.
View the best growth stocks for 2024 here
.

First Watch Restaurant Group, Inc. (NASDAQ:FWRG) issued its quarterly earnings data on Thursday, November, 7th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by $0.02. First Watch Restaurant Group's revenue was up 14.8% compared to the same quarter last year.

First Watch Restaurant Group (FWRG) raised $175 million in an initial public offering on Friday, October 1st 2021. The company issued 9,459,000 shares at $17.00-$20.00 per share.

First Watch Restaurant Group's top institutional investors include Champlain Investment Partners LLC (2.69%), The Manufacturers Life Insurance Company (2.53%), Wellington Management Group LLP (1.34%) and Deepwater Asset Management LLC (1.33%). Insiders that own company stock include Michael James White, International Corp/Ma Advent, David Paresky, Tricia Glynn, Advent Partners Gpe Viii Limit, Christopher Anthony Tomasso, H Melville Hope III, Eric Richard Hartman, Matthew Eisenacher, William A Kussell and Calum Alasdair Johns Middleton.
View institutional ownership trends
.

Shares of FWRG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that First Watch Restaurant Group investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), ServiceNow (NOW), Netflix (NFLX) and Palo Alto Networks (PANW).

Company Calendar

Last Earnings
11/07/2024
Today
11/22/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
3/04/2025

Industry, Sector and Symbol

Industry
Eating places
Sub-Industry
Restaurants, Hotels, Motels
Current Symbol
NASDAQ:FWRG
Fax
N/A
Employees
14,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$23.30
High Stock Price Target
$32.00
Low Stock Price Target
$18.00
Potential Upside/Downside
+27.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.90
Research Coverage
10 Analysts

Profitability

Net Income
$25.39 million
Pretax Margin
3.29%

Debt

Sales & Book Value

Annual Sales
$891.55 million
Cash Flow
$1.19 per share
Book Value
$9.73 per share

Miscellaneous

Free Float
57,542,000
Market Cap
$1.10 billion
Optionable
Optionable
Beta
0.85
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This page (NASDAQ:FWRG) was last updated on 11/22/2024 by MarketBeat.com Staff
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