Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. First Watch Restaurant Group Inc shares valued at $632,382 were purchased by Bradley Julie MB on Sep 19 ’24. At $15.26 per share, Bradley Julie MB acquired 41,451 shares.
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Also, Bradley Julie MB purchased 9,528 shares, netting a total of over 163,606 in proceeds.
Before that, Bradley Julie MB had added 66,665 shares to its account. In a trade valued at $1,143,305, the Director bought First Watch Restaurant Group Inc shares for $17.15 each.
As published in their initiating research note from Stephens on October 17, 2024, First Watch Restaurant Group Inc [FWRG] has been an Overweight and the price target has been revised to $20. Analysts at The Benchmark Company started covering the stock with ‘”a Buy”‘ outlook in a report released in late August. As of January 04, 2024, Stifel has decreased its “Buy” rating to a “Hold” for FWRG. Earlier on October 18, 2023, Raymond James upgraded its rating. Their new recommendation was “a Strong buy” for FWRG stock which previously was a “an Outperform”.
Analyzing FWRG Stock Performance
During the last five days, there has been a surge of approximately 23.80%. Over the course of the year, First Watch Restaurant Group Inc shares have dropped approximately -17.71%. Shares of the company reached a 52-week high of $25.98 on 04/30/24 and a 52-week low of $12.90 on 10/10/24. A 50-day SMA is recorded $15.62, while a 200-day SMA reached $19.41. Nevertheless, trading volume fell to 0.82 million shares from 0.34 million shares the previous day.
Support And Resistance Levels for First Watch Restaurant Group Inc (FWRG)
According to the 24-hour chart, there is a support level at 15.50, which, if violated, would cause prices to drop to 14.45. In the upper region, resistance lies at 17.07. The next price resistance is at 17.60. RSI (Relative Strength Index) is 65.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.96, which suggests the price will decrease in the coming days. Percent R is at 0.55%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
