|Bid||14.00 x 900|
|Ask||23.21 x 1800|
|Day's Range||14.01 - 14.91|
|52 Week Range||11.57 - 25.46|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||241.33|
|Earnings Date||Aug 09, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||22.05|
Subscribe to Yahoo Finance Plus to view Fair Value for FWRG
First Watch Restaurant Group, Inc. (FWRG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
The announcement of a secondary stock issue gave First Watch Restaurant Group (NASDAQ: FWRG) a bit of indigestion this week. As a result, across the five trading days the company's share price dived a queasy 18%, according to data compiled by S&P Global Market Intelligence. On Monday afternoon, First Watch, owner of the eponymous chain of early-in-the-day restaurants, announced a selling shareholder would be selling its stock in a public offering.
BRADENTON, Fla., Sept. 14, 2022 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or “the Company”), the Daytime Dining concept serving breakfast, brunch and lunch, announced today the pricing of an underwritten secondary public offering by certain stockholders of the Company (the “Selling Stockholders”) of 4,500,000 shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), at a price to the public of $15.50 per share. The offering i