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

20.84

Mkt cap

1.3B

Volume

916K

High

21.08

P/E Ratio

63.85

52-wk high

25.98

Low

19.87

Div yield

N/A

52-wk low

12.90

Stephens & Co. analyst Jim Salera initiated coverage on First Watch Restaurant Group, Inc. (NASDAQ:FWRG) with an Overweight rating and a $20 price target. Despite tough macro conditions, First Watch is expected to achieve significant growth, aiming for over 2,200 domestic locations. The analyst forecasts annual revenue growth in the low double digits, driven by unit growth and same-store sales. However, challenges such as a tough consumer environment and Hurricane Milton could impact revenue.

Portfolio Pulse from Nabaparna Bhattacharya

October 17, 2024 | 6:22 pm

Several Wall Street analysts initiated coverage on various stocks with new ratings and price targets. Notably, Gilead Sciences received an Outperform rating with a $105 price target, while Grocery Outlet, First Watch Restaurant Group, InMode, and Alumis also received new ratings.

Portfolio Pulse from Avi Kapoor

October 17, 2024 | 1:05 pm

Stephens & Co. has initiated coverage on First Watch Restaurant Group with an Overweight rating and set a price target of $20.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 9:46 am

Benchmark analyst Todd Brooks has reiterated a Buy rating on First Watch Restaurant Group (NASDAQ:FWRG) and maintained a price target of $23.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 2:04 pm

First Watch Restaurant Group (NASDAQ:FWRG) reported that 85 of its company-owned restaurants were closed due to Hurricane Milton, with 77 reopened by October 14, 2024. The company is working on reopening the remaining 8. Additionally, less than 10 restaurants were affected by Hurricane Helene.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 12:37 pm

Jim Cramer on CNBC's 'Mad Money' shared his views on several stocks. He finds AST SpaceMobile 'too hot' and FTAI Aviation 'too high'. He recommends buying Shopify, which has a raised price target from Barclays. Cramer also sees FIGS as a good speculative buy.

Portfolio Pulse from Avi Kapoor

October 07, 2024 | 1:00 pm

Analysts have mixed ratings for First Watch Restaurant Group (NASDAQ:FWRG), with recent price targets showing a decline. The average target is $20.29, down 11.13% from previous estimates. Despite strong revenue growth and net margins, the company's ROE is below industry averages.

Portfolio Pulse from Benzinga Insights

October 04, 2024 | 8:02 pm

Guggenheim analyst Gregory Francfort maintains a Buy rating on First Watch Restaurant Group (NASDAQ:FWRG) but lowers the price target from $24 to $20.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 5:18 pm

Analysts have mixed views on First Watch Restaurant Group (NASDAQ:FWRG), with recent ratings showing a decline in average price targets. The company's financials reveal strong revenue growth but challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 4:00 pm

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

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 3:11 pm

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