First Watch Restaurant Gr (NASDAQ:FWRG) has received mixed ratings from 4 analysts in the past three months, with 2 bullish and 2 somewhat bullish ratings. The average 12-month price target is $22.0, down from $22.25, with a high estimate of $23.00 and a low of $20.00. Analysts from Barclays and Raymond James have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. First Watch Restaurant Gr, a daytime restaurant concept, has shown a revenue growth of 17.32% as of September 30, 2023, but has below-average net margin and ROE, and a low debt-to-equity ratio.