First Watch Restaurant Group, Inc. (NASDAQ:FWRG – Get Free Report) has received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $23.00.
FWRG has been the topic of a number of recent analyst reports. Barclays decreased their target price on shares of First Watch Restaurant Group from $27.00 to $21.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. TD Cowen restated a “hold” rating and set a $18.00 target price on shares of First Watch Restaurant Group in a research note on Wednesday, August 7th. Stifel Nicolaus reduced their price objective on shares of First Watch Restaurant Group from $22.00 to $18.00 and set a “hold” rating on the stock in a research report on Tuesday, July 2nd. Finally, Bank of America reduced their price objective on shares of First Watch Restaurant Group from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th.
View Our Latest Report on FWRG
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First Watch Restaurant Group Price Performance
NASDAQ FWRG opened at $16.76 on Friday. First Watch Restaurant Group has a 12 month low of $14.05 and a 12 month high of $25.98. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 44.11, a PEG ratio of 2.15 and a beta of 0.88. The company’s 50 day moving average is $16.48 and its two-hundred day moving average is $20.48. The company has a current ratio of 0.60, a quick ratio of 0.55 and a debt-to-equity ratio of 0.21.
First Watch Restaurant Group (NASDAQ:FWRG – Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. First Watch Restaurant Group had a net margin of 2.52% and a return on equity of 4.15%. The company had revenue of $258.60 million for the quarter, compared to analysts’ expectations of $257.65 million. During the same quarter last year, the business earned $0.13 EPS. The firm’s revenue was up 19.6% compared to the same quarter last year. As a group, research analysts anticipate that First Watch Restaurant Group will post 0.37 earnings per share for the current year.
First Watch Restaurant Group Company Profile
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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