First Watch Restaurant Group, Inc. (NASDAQ:FWRG) Receives Consensus Rating of “Moderate Buy” from Analysts

First Watch Restaurant Group, Inc. (NASDAQ:FWRG) has been given a consensus rating of “Moderate Buy” by the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $22.33.

Several research analysts have commented on FWRG shares. Stephens reissued an “overweight” rating and set a $25.00 target price on shares of First Watch Restaurant Group in a research note on Tuesday, January 28th. Piper Sandler boosted their target price on First Watch Restaurant Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th.

Institutional Trading of First Watch Restaurant Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in First Watch Restaurant Group in the fourth quarter valued at approximately $377,000. Squarepoint Ops LLC boosted its holdings in First Watch Restaurant Group by 42.8% in the fourth quarter. Squarepoint Ops LLC now owns 243,101 shares of the company’s stock valued at $4,524,000 after acquiring an additional 72,829 shares during the last quarter. Two Sigma Advisers LP bought a new stake in First Watch Restaurant Group in the fourth quarter valued at approximately $947,000. Two Sigma Investments LP boosted its holdings in First Watch Restaurant Group by 159.3% in the fourth quarter. Two Sigma Investments LP now owns 211,865 shares of the company’s stock valued at $3,943,000 after acquiring an additional 130,169 shares during the last quarter. Finally, State of Wyoming boosted its holdings in First Watch Restaurant Group by 212.6% in the fourth quarter. State of Wyoming now owns 3,214 shares of the company’s stock valued at $60,000 after acquiring an additional 2,186 shares during the last quarter. 96.11% of the stock is currently owned by institutional investors.

First Watch Restaurant Group Stock Down 4.7 %

Shares of NASDAQ FWRG opened at $18.10 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.32. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 54.85, a PEG ratio of 3.38 and a beta of 0.91. First Watch Restaurant Group has a 12 month low of $12.90 and a 12 month high of $25.98. The stock has a 50-day moving average price of $19.95 and a two-hundred day moving average price of $18.14.

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.