A number of research firms have changed their ratings and price targets for First Watch Restaurant Group (NASDAQ: FWRG):
- 10/22/2024 – First Watch Restaurant Group had its price target lowered by analysts at Barclays PLC from $21.00 to $18.00. They now have an “overweight” rating on the stock.
- 10/17/2024 – First Watch Restaurant Group is now covered by analysts at Stephens. They set an “overweight” rating and a $20.00 price target on the stock.
- 10/16/2024 – First Watch Restaurant Group had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $23.00 price target on the stock.
- 10/4/2024 – First Watch Restaurant Group had its price target lowered by analysts at Guggenheim from $24.00 to $20.00. They now have a “buy” rating on the stock.
- 9/12/2024 – First Watch Restaurant Group had its “hold” rating reaffirmed by analysts at TD Cowen. They now have a $18.00 price target on the stock.
- 8/27/2024 – First Watch Restaurant Group is now covered by analysts at Benchmark Co.. They set a “buy” rating and a $23.00 price target on the stock.
First Watch Restaurant Group Stock Up 1.9 %
Shares of FWRG stock traded up $0.31 during mid-day trading on Friday, reaching $16.84. 210,004 shares of the company’s stock traded hands, compared to its average volume of 576,825. First Watch Restaurant Group, Inc. has a 12 month low of $12.90 and a 12 month high of $25.98. The company has a market cap of $1.02 billion, a P/E ratio of 44.32, a P/E/G ratio of 2.09 and a beta of 0.87. The company has a quick ratio of 0.52, a current ratio of 0.57 and a debt-to-equity ratio of 0.33. The company’s 50-day moving average price is $15.68 and its 200-day moving average price is $17.77.
First Watch Restaurant Group (NASDAQ:FWRG – Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. First Watch Restaurant Group had a net margin of 2.51% and a return on equity of 4.24%. The firm had revenue of $258.60 million for the quarter, compared to analysts’ expectations of $257.65 million. During the same quarter in the previous year, the business posted $0.13 EPS. The company’s quarterly revenue was up 19.6% on a year-over-year basis. On average, equities analysts expect that First Watch Restaurant Group, Inc. will post 0.34 earnings per share for the current fiscal year.
Institutional Trading of First Watch Restaurant Group
First Watch Restaurant Group, Inc, through its subsidiaries, operates and franchises restaurants under the First Watch trade name 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 based in Bradenton, Florida.
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