First Watch Restaurant Group Inc’s recent filing unveils that its 10% Owner Advent Partners GPE VIII Limit unloaded Company’s shares for reported $158.08 million on Nov 13 ’24. In the deal valued at $19.76 per share,8,000,000 shares were sold. As a result of this transaction, Advent Partners GPE VIII Limit now holds 19,189,784 shares worth roughly $349.64 million.
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Then, Advent International GPE VIII- sold 8,000,000 shares, generating $158,080,000 in total proceeds. Upon selling the shares at $19.76, the 10% Owner now owns 19,189,784 shares.
Before that, ADVENT INTERNATIONAL, L.P. sold 8,000,000 shares. First Watch Restaurant Group Inc shares valued at $158,080,000 were divested by the 10% Owner at a price of $19.76 per share. As a result of the transaction, ADVENT INTERNATIONAL, L.P. now holds 19,189,784 shares, worth roughly $349.64 million.
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 Friday, First Watch Restaurant Group Inc [NASDAQ:FWRG] saw its stock fall -3.75% to $18.22. Over the last five days, the stock has lost -13.53%. First Watch Restaurant Group Inc shares have fallen nearly -9.35% since the year began. Nevertheless, the stocks have risen 1.00% 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 $16.26, while 200 days put it at $19.19.
Levels Of Support And Resistance For FWRG Stock
The 24-hour chart illustrates a support level at 17.88, which if violated will result in even more drops to 17.55. On the upside, there is a resistance level at 18.80. A further resistance level may holdings at 19.39. The Relative Strength Index (RSI) on the 14-day chart is 52.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.11%. Stochastics %K at 41.02% indicates the stock is a holding.
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 2024-10-31, growing by 0.22 million shares to a total of 4.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.61 million shares. There was a rise of 4.64%, which implies that there is a positive 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.
