In the last trading session, 1.22 million First Watch Restaurant Group Inc (NASDAQ:FWRG) shares changed hands as the company’s beta touched 0.99. With the company’s per share price at $18.35 changed hands at -$0.58 or -3.06% during last session, the market valuation stood at $1.12B. FWRG’s last price was a discount, traded about -41.58% off its 52-week high of $25.98. The share price had its 52-week low at $12.90, which suggests the last value was 29.7% up since then. When we look at First Watch Restaurant Group Inc’s average trading volume, we note the 10-day average is 1.05 million shares, with the 3-month average coming to 717.64K.
Analysts gave the First Watch Restaurant Group Inc (FWRG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.30. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 0 recommended FWRG as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. First Watch Restaurant Group Inc’s EPS for the current quarter is expected to be 0.03.
First Watch Restaurant Group Inc (NASDAQ:FWRG) trade information
Instantly FWRG was in red as seen at the end of in last trading. With action -7.70%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -1.40%, with the 5-day performance at -7.70% in the red. However, in the 30-day time frame, First Watch Restaurant Group Inc (NASDAQ:FWRG) is 8.84% up. Looking at the short shares, we see there were 6.08 million shares sold at short interest cover period of 8.41 days.
The consensus price target for the stock as assigned by Wall Street analysts is 23, meaning bulls need an upside of 20.22% from its current market value. According to analyst projections, FWRG’s forecast low is 21 with 24 as the target high. To hit the forecast high, the stock’s price needs a -30.79% plunge from its current level, while the stock would need to soar -14.44% for it to hit the projected low.
First Watch Restaurant Group Inc (FWRG) estimates and forecasts
Year-over-year growth is forecast to reach 19.42% up from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 283.28M. 9 analysts are of the opinion that First Watch Restaurant Group Inc’s revenue for the current quarter will be 306.95M. The company’s revenue for the corresponding quarters a year ago was 242.45M and 258.56M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 16.84%. The estimates for the next quarter sales put growth at 18.71%.
The 2025 estimates are for First Watch Restaurant Group Inc earnings to increase by 15.35%, but the outlook for the next 5-year period is at 30.85% per year.
FWRG Dividends
First Watch Restaurant Group Inc is expected to release its next quarterly earnings report on 2025-Mar-10.
First Watch Restaurant Group Inc (NASDAQ:FWRG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.16% of First Watch Restaurant Group Inc shares while 114.97% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 117.51%. There are 114.97% institutions holding the First Watch Restaurant Group Inc stock share, with ADVENT INTERNATIONAL CORP/MA the top institutional holder. As of 2024-06-30, the company held 45.0276% of the shares, roughly 27.19 million FWRG shares worth $477.45 million.
GILDER GAGNON HOWE & CO LLC holds the second largest percentage of outstanding shares, with 5.0807% or 3.07 million shares worth $53.87 million as of 2024-06-30.
Among Mutual Funds, the top two as of Mar 31, 2025 were John Hancock Investment Trust-John Hancock Small Cap Core Fund and JPMorgan Trust II-JPMorgan Small Cap Growth Fund . With 1.43 shares estimated at $26.25 million under it, the former controlled 2.35% of total outstanding shares. On the other hand, JPMorgan Trust II-JPMorgan Small Cap Growth Fund held about 2.06% of the shares, roughly 1.26 shares worth around $23.04 million.
