The Latest Analyst Ratings For First Watch Restaurant Gr
Portfolio Pulse from Benzinga Insights
First Watch Restaurant Gr (NASDAQ:FWRG) has received mixed analyst ratings in the last three months, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target for FWRG has increased by 9.3% to $23.5. Analysts from TD Cowen, Raymond James, Stifel, and Barclays have updated their ratings and price targets, reflecting changes in market conditions and company performance. First Watch Restaurant Gr, a daytime restaurant concept, has shown impressive revenue growth of 17.32% as of September 30, 2023, and a net margin of 2.47%, but its ROE and ROA are below industry averages.
March 05, 2024 | 7:01 pm
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POSITIVE IMPACT
First Watch Restaurant Gr has seen a diverse range of analyst ratings, with a recent average price target increase to $23.5. The company has demonstrated significant revenue growth and profitability, although it faces challenges in ROE and ROA.
The increase in the average price target and the company's impressive revenue growth and net margin suggest a positive outlook, despite the challenges in ROE and ROA. The mixed analyst ratings indicate uncertainty, but the overall positive financial indicators could lead to a short-term positive impact on FWRG's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100