First Watch Restaurant Group Inc’s filing revealed that its CFO and Treasurer HOPE H MELVILLE III unloaded Company’s shares for reported $0.13 million on Mar 12 ’25. In the deal valued at $16.81 per share,8,013 shares were sold. As a result of this transaction, HOPE H MELVILLE III now holds 74,302 shares worth roughly $1.23 million.
Then, Wolszczak Jay Anthony sold 5,743 shares, generating $96,540 in total proceeds. Upon selling the shares at $16.81, the Chief Legal Officer, GC & Secy now owns 37,768 shares.
Before that, Hartman Eric Richard sold 3,916 shares. First Watch Restaurant Group Inc shares valued at $65,828 were divested by the Chief Development Officer at a price of $16.81 per share. As a result of the transaction, Hartman Eric Richard now holds 69,475 shares, worth roughly $1.15 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 jump 0.43% to $16.49. Over the last five days, the stock has lost -13.21%. First Watch Restaurant Group Inc shares have fallen nearly -11.39% since the year began. Nevertheless, the stocks have fallen -32.91% over the past one year. While a 52-week high of $25.98 was reached on 02/18/25, a 52-week low of $12.90 was recorded on 03/13/25. SMA at 50 days reached $19.76, while 200 days put it at $17.72.
Levels Of Support And Resistance For FWRG Stock
The 24-hour chart illustrates a support level at 16.05, which if violated will result in even more drops to 15.61. On the upside, there is a resistance level at 16.89. A further resistance level may holdings at 17.29. The Relative Strength Index (RSI) on the 14-day chart is 29.85, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.10%. Stochastics %K at 14.43% indicates the stock is a buying.
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 2025-02-28, growing by 0.69 million shares to a total of 5.34 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 4.65 million shares. There was a rise of 12.84%, 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.
