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

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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

First Watch Restaurant Group (NASDAQ:FWRG) is under pressure due to weak quarterly sales, but Benchmark's analyst Todd Brooks initiated coverage with a Buy rating and a $23 price target. Brooks highlights strong unit economics, potential for store base expansion, and growing brand awareness as key growth drivers.

Portfolio Pulse from Priya Nigam

August 27, 2024 | 3:15 pm

Analysts have mixed ratings for First Watch Restaurant Group (NASDAQ:FWRG), with a recent negative shift in sentiment as the average price target decreased by 13.69%. The company's financial performance shows strong revenue growth but challenges in profitability and returns.

Portfolio Pulse from Benzinga Insights

August 27, 2024 | 12:00 pm

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

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 10:56 am

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

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