A new trading day began on Tuesday, with First Watch Restaurant Group Inc (NASDAQ: FWRG) stock price down -8.73% from the previous day of trading, before settling in for the closing price of $21.42. FWRG’s price has ranged from $12.90 to $25.98 over the past 52 weeks.
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Annual sales at Consumer Cyclical sector company grew by 24.40% over the past five years. Meanwhile, its annual earnings per share averaged -25.47%. With a float of $32.25 million, this company’s outstanding shares have now reached $59.89 million.
Let’s look at the performance matrix of the company that is accounted for 14000 employees. In terms of profitability, gross margin is 18.78%, operating margin of 4.45%, and the pretax margin is 3.29%.
First Watch Restaurant Group Inc (FWRG) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Restaurants Industry. The insider ownership of First Watch Restaurant Group Inc is 46.75%, while institutional ownership is 66.17%. The most recent insider transaction that took place on Sep 19 ’24, was worth 632,382. Before that another transaction happened on Aug 27 ’24, when Company’s Director proposed sale 9,528 for $17.17, making the entire transaction worth $163,606.
First Watch Restaurant Group Inc (FWRG) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.04 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.11 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -25.47% per share during the next fiscal year.
First Watch Restaurant Group Inc (NASDAQ: FWRG) Trading Performance Indicators
Here are First Watch Restaurant Group Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.51. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.19.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.34, a number that is poised to hit 0.00 in the next quarter and is forecasted to reach 0.42 in one year’s time.
Technical Analysis of First Watch Restaurant Group Inc (FWRG)
First Watch Restaurant Group Inc (NASDAQ: FWRG) saw its 5-day average volume 1.88 million, a positive change from its year-to-date volume of 0.6 million. As of the previous 9 days, the stock’s Stochastic %D was 74.63%. Additionally, its Average True Range was 1.01.
During the past 100 days, First Watch Restaurant Group Inc’s (FWRG) raw stochastic average was set at 73.00%, which indicates a significant increase from 58.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 73.55% in the past 14 days, which was higher than the 52.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.09, while its 200-day Moving Average is $19.24. Nevertheless, the first resistance level for the watch stands at $20.03 in the near term. At $20.52, the stock is likely to face the second major resistance level. The third major resistance level sits at $20.93. If the price goes on to break the first support level at $19.13, it is likely to go to the next support level at $18.72. The third support level lies at $18.23 if the price breaches the second support level.
First Watch Restaurant Group Inc (NASDAQ: FWRG) Key Stats
With a market capitalization of 1.18 billion, the company has a total of 60,570K Shares Outstanding. Currently, annual sales are 891,550 K while annual income is 25,390 K. The company’s previous quarter sales were 251,610 K while its latest quarter income was 2,110 K.
