6 days Ago By Defense World Staff
Legal & General Group Plc lifted its stake in shares of First Watch Restaurant Group, Inc. ( NASDAQ:FWRG – Free Report ) by 21.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The institutional investor owned 40,462 shares of the company’s stock after acquiring an additional 7,273 shares during the quarter. Legal & General Group Plc owned 0.07% of First Watch Restaurant Group worth $753,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Assetmark Inc. increased its stake in First Watch Restaurant Group by 68.
7% in the 4th quarter. Assetmark Inc. now owns 2,455 shares of the company’s stock worth $46,000 after purchasing an additional 1,000 shares in the last quarter.
Whittier Trust Co. of Nevada Inc. purchased a new position in shares of First Watch Restaurant Group in the fourth quarter worth approximately $51,000.
Venturi Wealth Management LLC purchased a new stake in shares of First Watch Restaurant Group in the 4th quarter valued at approximately $81,000. American Century Companies Inc. acquired a new position in First Watch Restaurant Group in the 4th quarter worth approximately $200,000.
Finally, Oppenheimer Asset Management Inc. purchased a new position in First Watch Restaurant Group during the 4th quarter worth approximately $204,000. 96.
11% of the stock is owned by institutional investors and hedge funds. Analysts Set New Price Targets FWRG has been the subject of several recent analyst reports. Sanford C.
Bernstein set a $21.00 target price on First Watch Restaurant Group in a research report on Tuesday, March 11th. TD Cowen raised First Watch Restaurant Group from a “hold” rating to a “buy” rating and set a $22.
00 target price on the stock in a research note on Tuesday, April 1st. Bank of America increased their price target on shares of First Watch Restaurant Group from $27.00 to $28.
00 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Stephens reiterated an “overweight” rating and issued a $24.00 price objective on shares of First Watch Restaurant Group in a research note on Thursday, April 24th.
Finally, TD Securities raised shares of First Watch Restaurant Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $21.00 to $22.00 in a research note on Tuesday, April 1st.
One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, First Watch Restaurant Group currently has an average rating of “Buy” and a consensus price target of $22.73.
Insiders Place Their Bets In other news, CEO Christopher Anthony Tomasso sold 42,039 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $16.81, for a total transaction of $706,675.
59. Following the transaction, the chief executive officer now owns 389,832 shares in the company, valued at approximately $6,553,075.92.
The trade was a 9.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website .
Also, insider Jay Anthony Wolszczak sold 5,743 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $16.81, for a total transaction of $96,539.
83. Following the completion of the sale, the insider now owns 37,768 shares of the company’s stock, valued at approximately $634,880.08.
The trade was a 13.20 % decrease in their position. The disclosure for this sale can be found here .
Company insiders own 6.00% of the company’s stock. First Watch Restaurant Group Trading Down 2.
4 % First Watch Restaurant Group stock opened at $18.93 on Tuesday. First Watch Restaurant Group, Inc.
has a one year low of $12.90 and a one year high of $25.98.
The company’s fifty day moving average price is $18.22 and its two-hundred day moving average price is $18.69.
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 company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 57.
37, a PEG ratio of 3.38 and a beta of 1.02.
First Watch Restaurant Group ( NASDAQ:FWRG – Get Free Report ) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.
02 by ($0.01). First Watch Restaurant Group had a net margin of 2.
09% and a return on equity of 3.61%. The company had revenue of $263.
30 million during the quarter, compared to the consensus estimate of $262.82 million. During the same period in the previous year, the business posted $0.
04 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis.
On average, analysts forecast that First Watch Restaurant Group, Inc. will post 0.32 earnings per share for the current fiscal year.
First Watch Restaurant Group Company Profile ( 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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