6 Analysts Assess First Watch Restaurant Gr: What You Need To Know
Portfolio Pulse from Benzinga Insights
Analysts have mixed views on First Watch Restaurant Gr (NASDAQ:FWRG), with recent ratings ranging from bullish to bearish. The average 12-month price target is $26.67, marking a 20.14% increase from the previous target of $22.20. The company has shown a revenue growth rate of 31.7% as of December 31, 2023, but struggles with below-average net margin, ROE, and ROA, despite a sound debt-to-equity ratio.
April 10, 2024 | 5:01 pm
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POSITIVE IMPACT
First Watch Restaurant Gr has received mixed analyst ratings, with an updated average 12-month price target of $26.67. The company's strong revenue growth contrasts with its challenges in profitability and asset utilization.
The mixed analyst ratings with a higher price target suggest optimism about First Watch Restaurant Gr's future performance, particularly given its strong revenue growth. However, concerns about profitability and efficiency metrics may temper this optimism. The significant increase in the average price target reflects a positive outlook, likely driving short-term interest and potentially boosting the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100