First Watch Restaurant Group (NASDAQ:FWRG – Get Free Report) issued its earnings results on Tuesday. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02, Briefing.com reports. The firm had revenue of $242.40 million during the quarter, compared to the consensus estimate of $245.03 million. First Watch Restaurant Group had a return on equity of 4.62% and a net margin of 2.85%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.15 earnings per share.
First Watch Restaurant Group Trading Up 0.1 %
FWRG stock traded up $0.02 during midday trading on Friday, hitting $21.35. The stock had a trading volume of 20,164 shares, compared to its average volume of 510,034. The company has a current ratio of 0.62, a quick ratio of 0.57 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1.29 billion, a P/E ratio of 52.03, a price-to-earnings-growth ratio of 2.35 and a beta of 1.07. The business has a fifty day moving average price of $23.79 and a two-hundred day moving average price of $21.27. First Watch Restaurant Group has a 1-year low of $15.67 and a 1-year high of $25.98.
Insider Buying and Selling at First Watch Restaurant Group
In other news, CEO Christopher Anthony Tomasso sold 121,995 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $24.45, for a total value of $2,982,777.75. Following the transaction, the chief executive officer now directly owns 431,871 shares of the company’s stock, valued at approximately $10,559,245.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other First Watch Restaurant Group news, insider Eric Richard Hartman sold 1,474 shares of First Watch Restaurant Group stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $25.03, for a total value of $36,894.22. Following the completion of the sale, the insider now directly owns 51,417 shares in the company, valued at $1,286,967.51. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Christopher Anthony Tomasso sold 121,995 shares of First Watch Restaurant Group stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $24.45, for a total value of $2,982,777.75. Following the completion of the sale, the chief executive officer now owns 431,871 shares of the company’s stock, valued at $10,559,245.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,085,127 shares of company stock valued at $170,038,222. 5.00% of the stock is currently owned by insiders.
Analysts Set New Price Targets
View Our Latest Analysis on FWRG
First Watch Restaurant Group Company Profile
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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