First Watch Restaurant Group, Inc. (NASDAQ:FWRG - Get Free Report) insider Jay Anthony Wolszczak sold 5,743 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $16.81, for a total value of $96,539.83. Following the sale, the insider now directly owns 37,768 shares in the company, valued at $634,880.08. This trade represents a 13.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
First Watch Restaurant Group Stock Performance
Shares of NASDAQ:FWRG opened at $16.49 on Friday. The firm has a market capitalization of $998.80 million, a PE ratio of 49.97, a P/E/G ratio of 3.38 and a beta of 0.90. First Watch Restaurant Group, Inc. has a 12 month low of $12.90 and a 12 month high of $25.98. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.54 and a quick ratio of 0.51. The business has a 50-day moving average of $19.77 and a two-hundred day moving average of $18.12.
First Watch Restaurant Group (NASDAQ:FWRG - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The company had revenue of $263.30 million during the quarter, compared to analyst estimates of $262.82 million. First Watch Restaurant Group had a net margin of 2.09% and a return on equity of 3.61%. The firm's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.04 earnings per share. As a group, research analysts forecast that First Watch Restaurant Group, Inc. will post 0.32 earnings per share for the current year.
Analysts Set New Price Targets
Several analysts have weighed in on FWRG shares. Benchmark reissued a "buy" rating on shares of First Watch Restaurant Group in a report on Wednesday. TD Securities reissued a "hold" rating and set a $21.00 price objective on shares of First Watch Restaurant Group in a research note on Wednesday. Barclays reaffirmed an "overweight" rating and issued a $21.00 target price (down previously from $24.00) on shares of First Watch Restaurant Group in a research note on Tuesday. Stephens reissued an "overweight" rating and issued a $25.00 price target on shares of First Watch Restaurant Group in a report on Tuesday. Finally, Sanford C. Bernstein set a $21.00 price objective on First Watch Restaurant Group in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $22.36.
View Our Latest Report on First Watch Restaurant Group
Institutional Investors Weigh In On First Watch Restaurant Group
A number of large investors have recently added to or reduced their stakes in FWRG. Versor Investments LP acquired a new stake in shares of First Watch Restaurant Group during the third quarter valued at about $201,000. Mutual of America Capital Management LLC purchased a new stake in First Watch Restaurant Group during the 3rd quarter worth approximately $5,757,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of First Watch Restaurant Group in the 3rd quarter valued at approximately $1,566,000. Commerce Bank purchased a new position in shares of First Watch Restaurant Group during the 3rd quarter valued at approximately $208,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of First Watch Restaurant Group by 21.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 251,403 shares of the company's stock worth $3,922,000 after buying an additional 45,119 shares in the last quarter. 96.11% of the stock is owned by institutional investors and hedge funds.
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.
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