First Watch Restaurant Group Inc’s recent filing unveils that its Director Bradley Julie MB acquired Company’s shares for reported $0.63 million on Sep 19 ’24. In the deal valued at $15.26 per share,41,451 shares were bought.
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Then, Bradley Julie MB bought 9,528 shares, generating $163,606 in total proceeds.
Before that, Bradley Julie MB bought 66,665 shares. First Watch Restaurant Group Inc shares valued at $1,143,305 were divested by the Director at a price of $17.15 per share.
Stephens initiated its First Watch Restaurant Group Inc [FWRG] rating to an Overweight in a research note published on October 17, 2024; the price target was $20. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating. Stifel also remained covering FWRG and has decreased its forecast on January 04, 2024 with a “Hold” recommendation from previously “Buy” rating. Raymond James revised its rating on October 18, 2023. It rated FWRG as “a Strong buy” which previously was an “an Outperform”.
Price Performance Review of FWRG
On Tuesday, First Watch Restaurant Group Inc [NASDAQ:FWRG] saw its stock fall -2.19% to $16.99. Over the last five days, the stock has gained 15.03%. First Watch Restaurant Group Inc shares have fallen nearly -15.47% since the year began. Nevertheless, the stocks have fallen -2.69% over the past one year. While a 52-week high of $25.98 was reached on 04/30/24, a 52-week low of $12.90 was recorded on 10/10/24. SMA at 50 days reached $15.67, while 200 days put it at $19.39.
Levels Of Support And Resistance For FWRG Stock
The 24-hour chart illustrates a support level at 16.74, which if violated will result in even more drops to 16.48. On the upside, there is a resistance level at 17.30. A further resistance level may holdings at 17.61. The Relative Strength Index (RSI) on the 14-day chart is 65.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.18, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.91%. Stochastics %K at 95.91% indicates the stock is a selling.
How much short interest is there in First Watch Restaurant Group Inc?
A steep rise in short interest was recorded in First Watch Restaurant Group Inc stocks on 2024-09-30, dropping by 94264.0 shares to a total of 4.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.7 million shares. There was a decline of -2.05%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 18, 2023 when Piper Sandler began covering the stock and recommended ‘”an Overweight”‘ rating along with a $22 price target.
