Stifel lowered the price target for the First Watch Restaurant Group Inc (NASDAQ:FWRG) stock from “a Buy” to “a Hold”. The rating was released on January 04, 2024, according to finviz. We previously noted in another research note published on October 18, 2023 by Raymond James that upgraded the stock from an Outperform to a Strong buy with a price target of $22 for FWRG stock. The research report from Piper Sandler has initiated the stock to Overweight, with a price target set at $22. The stock was resumed by Citigroup, who disclosed in a research note on April 12, 2022, to Buy and set the price objective to $17. In their research brief published January 27, 2022, Citigroup analysts upgraded the First Watch Restaurant Group Inc stock from Neutral to Buy with a price target of $22.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated 4.31% within the last five trades and -4.52% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 32.11% in the last 6 months and 8.03% was added to its value over the previous 3 months. FWRG stock is trading at a margin of -0.59%, -3.78% and 14.99% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
As of the close of trading, FWRG deals in the Consumer Cyclical domain. The stock is trading -11.12 percent below its 52-week high and 56.04 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 42.3. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does First Watch Restaurant Group Inc’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 5.43 percent and the profit margin is 2.85 percent, and the company has reported a gross margin of 16.70 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $1.39 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for First Watch Restaurant Group Inc (NASDAQ:FWRG) is 55.29. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 39.85. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.56 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 2.45, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 48.36 percent of First Watch Restaurant Group Inc shares are owned by insiders, and 43.65 percent are held by financial institutions. Kussell William A, the Director at First Watch Restaurant Group Inc (FWRG) has sold 8,386 shares of firm on Apr 22 ’24 at a price of $22.10 against the total amount of $0.19 million. In another inside trade, Wolszczak Jay Anthony, Chief Legal Officer, GC & Secy of First Watch Restaurant Group Inc (NASDAQ:FWRG) sold 15,000 shares of the firm on Mar 15 ’24 for a total worth of $0.36 million at a price of $24.29. An inside trade which took place on Mar 14 ’24, Chief Brand Officer of First Watch Restaurant Group Inc Eisenacher Matthew sold 3,770 shares of firm against total price of $91536.0 at the cost of $24.28 per share.
