First Watch Restaurant Group (FWRG) Stock Forecast, Price & News

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.
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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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
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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%.

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.

(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.

First Watch Restaurant Group trades on the NASDAQ under the ticker symbol "FWRG."

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.
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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.
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One share of FWRG stock can currently be purchased for approximately $17.90.

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.

The company employs 12,000 workers across the globe.

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.