First Watch Restaurant Group (FWRG) to Release Quarterly Earnings on Tuesday

First Watch Restaurant Group (NASDAQ:FWRG - Get Free Report) will likely be announcing its Q1 2025 earnings results before the market opens on Tuesday, May 6th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $282.98 million for the quarter. First Watch Restaurant Group has set its FY 2025 guidance at EPS.

First Watch Restaurant Group (NASDAQ:FWRG - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). First Watch Restaurant Group had a net margin of 2.09% and a return on equity of 3.61%. The business had revenue of $263.30 million for the quarter, compared to the consensus estimate of $262.82 million. During the same period last year, the firm posted $0.04 EPS. The business's quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts expect First Watch Restaurant Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

First Watch Restaurant Group Stock Performance

Shares of FWRG stock opened at $18.93 on Tuesday. First Watch Restaurant Group has a 12-month low of $12.90 and a 12-month high of $25.98. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.54 and a quick ratio of 0.51. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 57.37, a price-to-earnings-growth ratio of 3.38 and a beta of 1.02. The business has a 50 day simple moving average of $18.22 and a 200 day simple moving average of $18.69.

Wall Street Analysts Forecast Growth

FWRG has been the topic of a number of research analyst reports. Sanford C. Bernstein set a $21.00 price target on First Watch Restaurant Group in a report on Tuesday, March 11th. Stephens reissued an "overweight" rating and set a $24.00 target price on shares of First Watch Restaurant Group in a research note on Thursday, April 24th. Benchmark restated a "buy" rating on shares of First Watch Restaurant Group in a research report on Wednesday, March 12th. Barclays increased their price objective on shares of First Watch Restaurant Group from $21.00 to $24.00 and gave the company an "overweight" rating in a report on Tuesday, April 22nd. Finally, Bank of America boosted their target price on First Watch Restaurant Group from $27.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $22.73.

Insider Activity at First Watch Restaurant Group

In related news, insider Jay Anthony Wolszczak sold 5,743 shares of First Watch Restaurant Group stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $16.81, for a total value of $96,539.83. Following the transaction, the insider now directly owns 37,768 shares in the company, valued at $634,880.08. The trade was a 13.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher Anthony Tomasso sold 42,039 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $16.81, for a total value of $706,675.59. Following the sale, the chief executive officer now directly owns 389,832 shares in the company, valued at $6,553,075.92. This trade represents a 9.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.00% of the company's stock.

About 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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