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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.

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Barclays analyst Jeffrey Bernstein maintains an Overweight rating on First Watch Restaurant Group (NASDAQ:FWRG) but lowers the price target from $27 to $21.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 4:57 pm

In the past three months, 5 analysts have provided ratings for First Watch Restaurant Group (NASDAQ:FWRG), with a mix of bullish, indifferent, and bearish perspectives. The average 12-month price target has decreased by 13.91% to $19.8. Analysts have recently lowered their price targets, reflecting cautious sentiment.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 4:01 pm

TD Cowen analyst Andrew Charles has reiterated a Hold rating on First Watch Restaurant Group (NASDAQ:FWRG) and maintained the price target at $18.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:15 am

First Watch Restaurant Group shares are trading higher after the company reported better-than-expected Q2 financial results. The stock initially traded lower, but it has since reversed.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 6:44 pm

First Watch Restaurant Group shares are trading lower following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:25 pm

First Watch Restaurant confirms its FY24 total revenue growth of 17.0% to 19.0%, with adjusted EBITDA expected to be between $106.0 million and $112.0 million. The company plans capital expenditures of $125.0 million to $135.0 million, primarily for new restaurant projects and remodels.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 11:43 am

First Watch Restaurant Group (NASDAQ:FWRG) reported Q2 2024 earnings per share (EPS) of $0.14, beating the analyst estimate of $0.13. The company also reported sales of $258.561 million, surpassing the estimate of $258.242 million. Both EPS and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 11:14 am

B of A Securities analyst Sara Senatore maintains a Buy rating on First Watch Restaurant Group (NASDAQ:FWRG) but lowers the price target from $29 to $24.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 5:05 pm

TD Cowen analyst Andrew Charles maintains a Hold rating on First Watch Restaurant Group (NASDAQ:FWRG) and lowers the price target from $21 to $18.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 9:50 am

Analysts have mixed ratings for First Watch Restaurant Group (NASDAQ:FWRG) with a recent average price target of $24.14, down 5.33% from the previous $25.50. Key analysts have lowered their price targets, reflecting cautious sentiment. Despite positive revenue growth and strong net margins, the company's ROE and ROA are below industry averages.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 1:01 pm

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