NASDAQ:FWRG First Watch Restaurant Group (FWRG) Stock Forecast, Price & News $17.90 -0.41 (-2.24%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$17.86▼$18.4650-Day Range$17.78▼$19.9852-Week Range$12.75▼$20.31Volume192,537 shsAverage Volume446,347 shsMarket Capitalization$1.07 billionP/E Ratio66.30Dividend YieldN/APrice Target$21.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media First Watch Restaurant Group MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside17.3% Upside$21.00 Price TargetShort InterestHealthy3.60% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.06Based on 4 Articles This WeekInsider TradingSelling Shares$7.58 M Sold Last QuarterProj. Earnings Growth22.22%From $0.36 to $0.44 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.81 out of 5 starsRetail/Wholesale Sector36th out of 209 stocksEating Places Industry11th out of 40 stocks 3.3 Analyst's Opinion Consensus RatingFirst Watch Restaurant Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $21.00, First Watch Restaurant Group has a forecasted upside of 17.3% from its current price of $17.90.Amount of Analyst CoverageFirst Watch Restaurant Group has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted3.60% of the float of First Watch Restaurant Group has been sold short.Short Interest Ratio / Days to CoverFirst Watch Restaurant Group has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in First Watch Restaurant Group has recently decreased by 7.47%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldFirst Watch Restaurant Group does not currently pay a dividend.Dividend GrowthFirst Watch Restaurant Group does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for FWRG. Previous Next 2.8 News and Social Media Coverage News SentimentFirst Watch Restaurant Group has a news sentiment score of 1.06. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Retail/Wholesale companies.News Coverage This WeekMarketBeat has tracked 4 news articles for First Watch Restaurant Group this week, compared to 2 articles on an average week.Search InterestOnly 2 people have searched for FWRG on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added First Watch Restaurant Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, First Watch Restaurant Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,582,800.00 in company stock.Percentage Held by InsidersOnly 4.50% of the stock of First Watch Restaurant Group is held by insiders.Percentage Held by Institutions96.11% of the stock of First Watch Restaurant Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for First Watch Restaurant Group are expected to grow by 22.22% in the coming year, from $0.36 to $0.44 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of First Watch Restaurant Group is 66.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 106.76.Price to Earnings Ratio vs. SectorThe P/E ratio of First Watch Restaurant Group is 66.30, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 19.80.Price to Earnings Growth RatioFirst Watch Restaurant Group has a PEG Ratio of 1.31. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioFirst Watch Restaurant Group has a P/B Ratio of 2.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About First Watch Restaurant Group (NASDAQ:FWRG) StockFirst Watch Restaurant Group, Inc. 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. The company was founded in 1983 and is headquartered in Bradenton, Florida.Read More FWRG Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart FWRG Stock News HeadlinesSeptember 22, 2023 | finance.yahoo.comFirst Watch Named to Newsweek’s Top 100 Most Loved Workplaces® for Second Consecutive YearSeptember 20, 2023 | finance.yahoo.comShould You Add First Watch Restaurant Group (FWRG) to Your Portfolio?September 24, 2023 | Altimetry (Ad)Pentagon Consultant—Here's how Biden Wins Landslide Re-election—but also hand Joe Biden a landslide re-election win. What would America look like if we slide further towards Socialism? Full story and 4 steps you can take,September 18, 2023 | msn.comFWRG vs. PTLO: Which Stock Is the Better Value Option?September 6, 2023 | finance.yahoo.comFirst Watch Names Matt Eisenacher Chief Brand OfficerAugust 10, 2023 | finance.yahoo.comFirst Watch (FWRG) Acquires Six Franchise Owned RestaurantsAugust 10, 2023 | finanznachrichten.deFirst Watch Restaurant Group, Inc.: First Watch Announces Acquisition of Six Franchise Restaurants in Georgia and South CarolinaAugust 9, 2023 | finance.yahoo.comFirst Watch Announces Acquisition of Six Franchise Restaurants in Georgia and South CarolinaSeptember 24, 2023 | Altimetry (Ad)Pentagon Consultant—Here's how Biden Wins Landslide Re-election—but also hand Joe Biden a landslide re-election win. What would America look like if we slide further towards Socialism? Full story and 4 steps you can take,August 8, 2023 | finance.yahoo.comDow Jones Down, Datadog Plunges 21% At Lows; 2 New IPO Stocks Buck Stock Market WeaknessAugust 4, 2023 | markets.businessinsider.comJefferies Keeps Their Buy Rating on First Watch Restaurant Group (FWRG)August 2, 2023 | markets.businessinsider.comFirst Watch Restaurant Group (FWRG) Gets a Buy from BarclaysAugust 1, 2023 | finance.yahoo.comCompared to Estimates, First Watch Restaurant Group, Inc. (FWRG) Q2 Earnings: A Look at Key MetricsAugust 1, 2023 | finance.yahoo.comFirst Watch Serves Up Sizzling Second Quarter PerformanceAugust 1, 2023 | seekingalpha.comFirst Watch Restaurant Group, Inc. 2023 Q2 - Results - Earnings Call PresentationAugust 1, 2023 | finance.yahoo.comFirst Watch Restaurant Group, Inc. Reports Strong Q2 2023 Financial ResultsAugust 1, 2023 | finance.yahoo.comFirst Watch Restaurant Group, Inc. (FWRG) Beats Q2 Earnings and Revenue EstimatesJuly 31, 2023 | finance.yahoo.comThose who invested in First Watch Restaurant Group (NASDAQ:FWRG) a year ago are up 14%July 28, 2023 | markets.businessinsider.com8 Analysts Have This to Say About First Watch Restaurant GrJuly 20, 2023 | msn.comFirst Watch Restaurant: Long Growth RunwayJuly 18, 2023 | finance.yahoo.comFirst Watch Restaurant Group, Inc. to Report Second Quarter 2023 Financial Results on August 1, 2023June 27, 2023 | finance.yahoo.comFirst Watch Announces Acquisition of Five Franchise Restaurants in the Milwaukee AreaJune 15, 2023 | markets.businessinsider.comTD Cowen Sticks to Their Hold Rating for First Watch Restaurant Group (FWRG)May 31, 2023 | markets.businessinsider.comTD Cowen Keeps Their Hold Rating on First Watch Restaurant Group (FWRG)May 24, 2023 | finance.yahoo.comFirst Watch Restaurant Group, Inc. to Participate in Two June Investor ConferencesMay 15, 2023 | finance.yahoo.comFirst Watch Restaurant Group, Inc. Announces Secondary Offering of Common StockMay 9, 2023 | finance.yahoo.comAre You Looking for a Top Momentum Pick? Why First Watch Restaurant Group, Inc. (FWRG) is a Great ChoiceSee More Headlines Receive FWRG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for First Watch Restaurant Group and its competitors with MarketBeat's FREE daily newsletter. Email Address FWRG Company Calendar Last Earnings8/01/2023Today9/23/2023Next Earnings (Estimated)11/06/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Eating places Sub-IndustryN/A SectorRetail/Wholesale Current SymbolNASDAQ:FWRG CUSIPN/A CIK1789940 Webwww.firstwatch.com Phone941-907-9800FaxN/AEmployees12,000Year FoundedN/APrice Target and Rating Average Stock Price Forecast$21.00 High Stock Price Forecast$24.00 Low Stock Price Forecast$17.00 Forecasted Upside/Downside+17.3%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$0.27 Trailing P/E Ratio66.30 Forward P/E Ratio49.72 P/E Growth1.34Net Income$6.91 million Net Margins2.11% Pretax Margin3.19% Return on Equity3.18% Return on Assets1.51% Debt Debt-to-Equity Ratio0.17 Current Ratio0.78 Quick Ratio0.73 Sales & Book Value Annual Sales$730.16 million Price / Sales1.46 Cash Flow$0.69 per share Price / Cash Flow26.07 Book Value$8.84 per share Price / Book2.02Miscellaneous Outstanding Shares59,500,000Free Float56,823,000Market Cap$1.07 billion OptionableNot Optionable Beta1.00 Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Christopher A. Tomasso (Age 53)CEO, Pres & Director Comp: $1.22MMr. Henry Melville Hope III (Age 61)CFO & Treasurer Comp: $685.25kMr. Eric Richard Hartman (Age 50)Exec. VP & Chief Devel. Officer of First Watch Restaurants, Inc Comp: $671.01kMr. John Daniel Jones (Age 44)Chief Operations Officer Mr. Jay Anthony Wolszczak (Age 53)Chief Legal Officer, Gen. Counsel & Sec. Ms. Laura Anne Sorensen (Age 49)Chief People Officer Mr. Shane Schaibly (Age 40)Sr. VP of Culinary Strategy of First Watch Restaurants Inc Ms. Lilah Rippett (Age 64)Sr. VP of Supply Chain of First Watch Restaurants, Inc Mr. Rob Conti (Age 53)Sr. VP of Information Technology of First Watch Restaurants Inc Mr. Matt Eisenacher (Age 43)Chief Brand Officer More ExecutivesKey CompetitorsSweetgreenNYSE:SGPortillo'sNASDAQ:PTLOKura Sushi USANASDAQ:KRUSDine Brands GlobalNYSE:DINBrinker InternationalNYSE:EATView All CompetitorsInsiders & InstitutionsBarclays PLCSold 1,429 shares on 9/21/2023Ownership: 0.037%William A KussellSold 10,000 sharesTotal: $193,800.00 ($19.38/share)Nuveen Asset Management LLCBought 17,794 shares on 8/16/2023Ownership: 0.215%Wells Fargo & Company MNBought 4,029 shares on 8/15/2023Ownership: 0.015%Citadel Advisors LLCBought 4,800 shares on 8/15/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions FWRG Stock - Frequently Asked Questions Should I buy or sell First Watch Restaurant Group stock right now? 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Watch Restaurant Group in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" FWRG shares. View FWRG analyst ratings or view top-rated stocks. What is First Watch Restaurant Group's stock price forecast for 2023? 6 equities research analysts have issued 1 year target prices for First Watch Restaurant Group's stock. Their FWRG share price forecasts range from $17.00 to $24.00. On average, they expect the company's share price to reach $21.00 in the next twelve months. This suggests a possible upside of 17.3% from the stock's current price. View analysts price targets for FWRG or view top-rated stocks among Wall Street analysts. How have FWRG shares performed in 2023? First Watch Restaurant Group's stock was trading at $13.53 at the start of the year. Since then, FWRG stock has increased by 32.3% and is now trading at $17.90. View the best growth stocks for 2023 here. Are investors shorting First Watch Restaurant Group? First Watch Restaurant Group saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 881,000 shares, a decrease of 7.5% from the August 15th total of 952,100 shares. Based on an average daily volume of 336,500 shares, the short-interest ratio is currently 2.6 days. Approximately 3.6% of the shares of the company are short sold. View First Watch Restaurant Group's Short Interest. When is First Watch Restaurant Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023. View our FWRG earnings forecast. How were First Watch Restaurant Group's earnings last quarter? First Watch Restaurant Group, Inc. (NASDAQ:FWRG) posted its quarterly earnings results on Tuesday, August, 1st. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.05. The company had revenue of $216.30 million for the quarter, compared to analysts' expectations of $209.65 million. First Watch Restaurant Group had a trailing twelve-month return on equity of 3.18% and a net margin of 2.11%. What guidance has First Watch Restaurant Group issued on next quarter's earnings? First Watch Restaurant Group issued an update on its FY 2023 earnings guidance on Tuesday, August, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $861.59 million-$876.19 million, compared to the consensus revenue estimate of $869.89 million. When did First Watch Restaurant Group IPO? (FWRG) raised $175 million in an IPO on Friday, October 1st 2021. The company issued 9,459,000 shares at a price of $17.00-$20.00 per share. What is First Watch Restaurant Group's stock symbol? First Watch Restaurant Group trades on the NASDAQ under the ticker symbol "FWRG." Who are First Watch Restaurant Group's major shareholders? First Watch Restaurant Group's stock is owned by a number of institutional and retail investors. Top institutional investors include Brown Advisory Inc. (2.41%), The Manufacturers Life Insurance Company (2.06%), BlackRock Inc. (1.63%), Granahan Investment Management LLC (1.33%), Polar Asset Management Partners Inc. (1.28%) and Capital Research Global Investors (1.11%). Insiders that own company stock include Calum Alasdair Johns Middleton, David Paresky, H Melville Hope III, International Corp/Ma Advent, Michael James White and William A Kussell. View institutional ownership trends. How do I buy shares of First Watch Restaurant Group? Shares of FWRG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is First Watch Restaurant Group's stock price today? One share of FWRG stock can currently be purchased for approximately $17.90. How much money does First Watch Restaurant Group make? First Watch Restaurant Group (NASDAQ:FWRG) has a market capitalization of $1.07 billion and generates $730.16 million in revenue each year. The company earns $6.91 million in net income (profit) each year or $0.27 on an earnings per share basis. How many employees does First Watch Restaurant Group have? The company employs 12,000 workers across the globe. How can I contact First Watch Restaurant Group? The official website for the company is www.firstwatch.com. The company can be reached via phone at 941-907-9800 or via email at firstwatch@icrinc.com. This page (NASDAQ:FWRG) was last updated on 9/24/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding First Watch Restaurant Group, Inc. 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