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 $158,080,000 were sold by Advent Partners GPE VIII Limit on Nov 13 ’24. At $19.76 per share, Advent Partners GPE VIII Limit sold 8,000,000 shares. The insider’s holdings dropped to 19,189,784 shares worth approximately $335.05 million following the completion of this transaction.
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Also, Advent International GPE VIII- sold 8,000,000 shares, netting a total of over 158,080,000 in proceeds. Following the sale of shares at $19.76 each, the insider now holds 19,189,784 shares.
Before that, ADVENT INTERNATIONAL, L.P. had sold 8,000,000 shares from its account. In a trade valued at $158,080,000, the 10% Owner traded First Watch Restaurant Group Inc shares for $19.76 each. Upon closing the transaction, the insider’s holdings decreased to 8,000,000 shares, worth approximately $335.05 million.
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 drop of approximately -10.05%. Over the course of the year, First Watch Restaurant Group Inc shares have dropped approximately -13.13%. 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 $16.39, while a 200-day SMA reached $19.13. Nevertheless, trading volume fell to 1.28 million shares from 1.26 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 17.03, which, if violated, would cause prices to drop to 16.59. In the upper region, resistance lies at 17.69. The next price resistance is at 17.91. RSI (Relative Strength Index) is 48.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.30, which suggests the price will decrease in the coming days. Percent R is at 87.67%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
