Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
First Watch Restaurant Group, Inc. Market Cap
The First Watch Restaurant Group, Inc. (FWRG) share price is expected to increase by 21.81% over the next year. This is based on calculating the average 12-month share price estimate provided by 11 stock analysts who have covered FWRG. Price targets range from $18 at the low end to $27 at the high end. The current analyst consensus for FWRG is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 11 Wall Street analysts have assignedFWRG 9 buy ratings, 2 hold ratings, and 0 sell ratings. This means that analysts expect First Watch Restaurant Group, Inc. to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on FWRG. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of FWRG.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Jim Salera Stephens & Co. | Overweight | $25 | Reiterates | Nov 13, 2024 |
| Nicole Miller Regan Piper Sandler | Overweight | $23 | Maintains | Nov 11, 2024 |
| Jeffrey Bernstein Barclays | Overweight | $24 | Maintains | Nov 11, 2024 |
| Jeffrey Bernstein Barclays | Overweight | $22 | Maintains | Nov 8, 2024 |
| Andrew Charles TD Cowen | Hold | $21 | Maintains | Nov 8, 2024 |
| Jim Salera Stephens & Co. | Overweight | $25 | Maintains | Nov 8, 2024 |
| Brian Vaccaro Raymond James | Strong Buy | $25 | Maintains | Nov 8, 2024 |
| Jeffrey Bernstein Barclays | Overweight | $18 | Maintains | Oct 22, 2024 |
| Jim Salera Stephens & Co. | Overweight | $20 | Initiates | Oct 17, 2024 |
| Todd Brooks Benchmark | Buy | $23 | Reiterates | Oct 16, 2024 |
| Gregory Francfort Guggenheim | Buy | $20 | Maintains | Oct 4, 2024 |
| Andrew Charles TD Cowen | Hold | $18 | Reiterates | Sep 12, 2024 |
| Todd Brooks Benchmark | Buy | $23 | Initiates | Aug 27, 2024 |
| Andrew Charles TD Cowen | Hold | $18 | Reiterates | Aug 7, 2024 |
| Jeffrey Bernstein Barclays | Overweight | $21 | Maintains | Aug 7, 2024 |
| Andrew Charles TD Cowen | Hold | $18 | Maintains | Jul 17, 2024 |
| Sara Senatore B of A Securities | Buy | $24 | Maintains | Jul 17, 2024 |
| Chris O'Cull Stifel | Hold | $18 | Maintains | Jul 2, 2024 |
| Andrew Charles TD Cowen | Hold | $21 | Maintains | Jun 13, 2024 |
| Andrew Charles TD Cowen | Hold | $25 | Maintains | May 8, 2024 |
When did it IPO
2021
Staff Count
14,000
Country
United States
Sector/Industry
Consumer Cyclical/Restaurants
CEO
Mr. Christopher A. Tomasso
Market Cap
$1.10B
In 2023, FWRG generated $891.6M in revenue, which was a increase of 22.10% from the previous year. This can be seen as a signal that FWRG's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Mon, 18 Nov 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - First Watch Restaurant Group reports a 1.9% decline in comparable sales, citing lower traffic and hurricane impacts. The company aims for 10% growth and plans to expand to 2,200 locations long-term.
Why It Matters - First Watch's decline in comparable sales amid its expansion strategy indicates potential volatility. Recovery from weather impacts could influence future growth and investor sentiment.
Tue, 12 Nov 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - First Watch Restaurant is expanding on the East Coast by acquiring 16 franchise locations, indicating growth in their market presence.
Why It Matters - First Watch's acquisition of 16 franchise locations signals growth potential and increased market share on the East Coast, likely boosting revenue and investor confidence in the brand.
Mon, 11 Nov 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - A restaurant will distribute 15,000 free cinnamon rolls on November 13, encouraging customers to pay it forward. This initiative may enhance customer engagement and brand visibility.
Why It Matters - Promotional events like this can boost foot traffic and brand loyalty, potentially increasing future sales and enhancing the restaurant's market position.
Tue, 12 Nov 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - First Watch Restaurant Group (NASDAQ: FWRG) has priced a secondary offering of 8 million shares at $19.95 each, set to close on November 13, 2024.
Why It Matters - The secondary offering of 8 million shares at $19.95 may dilute existing shareholders' equity, impacting stock price and investor sentiment towards First Watch Restaurant Group.
Tue, 12 Nov 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - First Watch Restaurant Group (NASDAQ: FWRG) announced an underwritten secondary offering of 8,000,000 shares by Advent International funds.
Why It Matters - The secondary offering of 8 million shares by Advent International may dilute existing shareholder value and indicate a potential exit strategy for the selling stockholders, impacting stock price.
Sun, 10 Nov 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - First Watch Restaurant Group, Inc. (NASDAQ:FWRG) will hold its Q3 2024 earnings conference call on November 7, 2024, at 8:00 AM ET, featuring key company executives and analysts.
Why It Matters - The upcoming earnings call for First Watch will provide insights into the company's financial health and performance, influencing investor sentiment and stock valuation.
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