Streetbeat News

FWRG

First Watch Restaurant Group, Inc.

https://www.firstwatch.com

Industry

Restaurants

First Watch Restaurant Group, Inc. operates and franchises restaurants under the First Watch trade name. As of March 23, 2022, it operated 341 company-owned restaurants and 94 franchised restaurants in 28 states in the United States. The company was formerly known as AI Fresh Super Holdco, Inc. and changed its name to First Watch Restaurant Group, Inc. in December 2019. First Watch Restaurant Group, Inc. was founded in 1983 and is headquartered in Bradenton, Florida.

Open

19.42

Mkt cap

1.2B

Volume

348K

High

19.75

P/E Ratio

59.06

52-wk high

25.98

Low

19.33

Div yield

N/A

52-wk low

12.90

First Watch Restaurant Group is focusing on targeted advertising and expansion through acquisitions, despite a 1.9% decline in comparable sales due to lower traffic and hurricane impacts. The company aims for 10% growth and a long-term goal of 2,200 locations.

Portfolio Pulse from

November 18, 2024 | 10:00 pm

First Watch Restaurant (FWRG) is expanding its East Coast presence by acquiring 16 franchise locations, which has led to a rise in its stock price.

Portfolio Pulse from

November 12, 2024 | 5:30 pm

First Watch Restaurant Group, Inc. announced the pricing of a secondary offering of 8 million shares at $19.95 per share by Advent International. The offering is expected to close on November 13, 2024.

Portfolio Pulse from

November 12, 2024 | 2:45 pm

First Watch Restaurant Group, Inc. announced a secondary offering of 8,000,000 shares of common stock by Advent International, L.P. This offering does not involve the issuance of new shares by the company.

Portfolio Pulse from

November 12, 2024 | 11:30 am

First Watch, a restaurant chain, is giving away 15,000 cinnamon rolls on World Kindness Day, November 13, to encourage customers to pay forward acts of kindness.

Portfolio Pulse from

November 11, 2024 | 4:15 pm

First Watch Restaurant Group, Inc. (NASDAQ:FWRG) held its Q3 2024 earnings conference call on November 7, 2024. Key participants included company executives and analysts from various financial institutions.

Portfolio Pulse from

November 10, 2024 | 9:45 am

First Watch Restaurant Group (FWRG) released its Q3 earnings, providing insights into its performance compared to Wall Street estimates and the previous year's figures.

Portfolio Pulse from

November 07, 2024 | 4:15 pm

First Watch Restaurant Group, Inc. (FWRG) reported Q3 earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.05. This is a decrease from $0.09 per share a year ago.

Portfolio Pulse from

November 07, 2024 | 3:00 pm

First Watch Restaurant Group, Inc. reported a 14.8% increase in total revenues for Q3 2024, with a net income of $2.1 million and an 18% growth in Adjusted EBITDA to $25.6 million. The company also opened 9 new system-wide restaurants across 8 states.

Portfolio Pulse from

November 07, 2024 | 12:15 pm

Barclays analyst Jeffrey Bernstein maintains an Overweight rating on First Watch Restaurant Group (NASDAQ:FWRG) but lowers the price target from $21 to $18.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 4:23 pm

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