First Watch Restaurant Group, Inc. operates and franchises restaurants under the First Watch trade name.
First Watch Restaurant Group stock last closed at $18.13, up 1.68% from the previous day, and has increased 13.67% in one year. It has underperformed other stocks in the Restaurants industry by 0.15 percentage points. First Watch Restaurant Group stock is currently +45.62% from its 52-week low of $12.45, and -4.33% from its 52-week high of $18.95.
There are currently 59.36M shares of FWRG outstanding. The market capitalization of FWRG is $1.08B. In the past 24 hours, 275,600 FWRG shares were traded.
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Once you have selected the best place to buy First Watch Restaurant Group stock, it's very important to analyze their stock prior to investing, so you can understand the risk and opportunity.
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You can view all of the due diligence checks on FWRG's stock page.
You can use a variety of different financial metrics, analyses, models, and charts to gauge FWRG's true value.
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Out of 4 Equities analysts who give forecasts on FWRG, the consensus analyst rating on First Watch Restaurant Group is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Andrew Charles, a top 12% analyst from TD Cowen maintains FWRG with a hold rating and raises their FWRG price target from $18.00 to $19.00, on May 31, 2023.
Jon Tower, a top 8% analyst from Citigroup maintains FWRG with a strong buy rating and raises their FWRG price target from $20.00 to $22.00, on May 3, 2023.
Jeffrey A. Bernstein, a top 6% analyst from Barclays maintains FWRG with a strong buy rating and raises their FWRG price target from $19.00 to $21.00, on May 3, 2023.
Maintaining his Strong Buy rating, Bernstein raised his price target on First Watch Restaurant Group Inc. by 10.5% following the release of the company's Q1 2023 earnings report on 2023/05/02.
The company's "Q1 comp" came in ahead of expectations, driven by "same-restaurant traffic growth and check," the analyst reported, adding that management also updated its FY 2023 guidance "in the face of lowered to-go sales."
For Q1 2023, First Watch Restaurant Group reported:
Management guided for FY 2023:
CEO Chris Tomasso commented, “First Watch delivered yet another strong quarter. Most notably, we continued to differentiate ourselves by driving traffic share with disciplined operational execution as evidenced by our Q1 Restaurant-Level Operating Profit margin of 21.2% and Adjusted EBITDA of $27.4M.
“Despite an increasingly fragile consumer environment, our Q1 performance reaffirms my continued confidence in First Watch’s leadership position and our strong consumer value proposition.”
Brian Vaccaro, a top 1% analyst from Raymond James maintains FWRG with a buy rating and lowers their FWRG price target from $23.00 to $22.00, on Mar 8, 2023.
You can dig deeper into what analysts are forecasting on the First Watch Restaurant Group stock forecast page.
Last year, FWRG earnings were $11.63M. In the last 1 years, FWRG's earnings have gone up by 150% per year. This was faster than the Restaurants industry average of 7.76%.
Last year, FWRG revenue was $768.46M. During the past one years, FWRG's revenue has gone up by 18.75% per year. This was faster than the Restaurants industry average of 6.48%.
Learn more about FWRG's earnings and revenue performance here.
Over the last 12 months, insiders at FWRG have sold more shares than they have bought.
Advent International Corp, 10% Owner of FWRG, was the latest FWRG insider to sell. They sold $62,266,750.00 worth of FWRG shares on May 18, 2023.
Learn more about who owns FWRG shares here.
No, First Watch Restaurant Group doesn't provide an income stream by paying out dividends.
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