Do First Watch Restaurant Group Inc (NASDAQ: FWRG) Fit In A Value Investing Philosophy?

Currently, there are 59.89M common shares owned by the public and among those 32.12M shares have been available to trade.

The company’s stock has a 5-day price change of 2.51% and -21.51% over the past three months. FWRG shares are trading -6.67% year to date (YTD), with the 12-month market performance up to 13.77% higher. It has a 12-month low price of $15.77 and touched a high of $25.98 over the same period. FWRG has an average intraday trading volume of 589.02K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.70%, -10.87%, and -7.90% respectively.

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Institutional ownership of First Watch Restaurant Group Inc (NASDAQ: FWRG) shares accounts for 59.92% of the company’s 59.89M shares outstanding.

It has a market capitalization of $1.13B and a beta (3y monthly) value of 0.89. The stock’s trailing 12-month PE ratio is 49.76, while the earnings-per-share (ttm) stands at $0.38. The company has a PEG of 1.32 and a Quick Ratio of 0.55 with the debt-to-equity ratio at 1.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.66% over the week and 3.58% over the month.

Earnings per share for the fiscal year are expected to increase by 0.99%, and 30.94% over the next financial year.

Looking at the support for the FWRG, a number of firms have released research notes about the stock. Stifel stated their Hold rating for the stock in a research note on January 04, 2024, with the firm’s price target at $22-$20. Raymond James coverage for the First Watch Restaurant Group Inc (FWRG) stock in a research note released on October 18, 2023 offered a Strong Buy rating with a price target of $22. Piper Sandler was of a view on July 18, 2023 that the stock is Overweight, while Citigroup gave the stock Buy rating on April 12, 2022, issuing a price target of $22- $17. Citigroup on their part issued Buy rating on January 27, 2022.

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