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

6 Wall Street equities 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 equities research analysts is that investors should "moderate buy" FWRG shares.
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6 Wall Street research analysts have issued 1-year target prices for First Watch Restaurant Group's shares. Their FWRG share price forecasts range from $17.00 to $24.00. On average, they predict the company's share price to reach $21.00 in the next twelve months. This suggests a possible upside of 21.2% 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 shares have increased by 28.1% and is now trading at $17.33.
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First Watch Restaurant Group saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 962,900 shares, an increase of 9.3% from the August 31st total of 881,000 shares. Based on an average daily trading volume, of 366,900 shares, the days-to-cover ratio is presently 2.6 days. Approximately 3.9% of the company's shares 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) released its quarterly earnings data on Tuesday, August, 1st. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. The business earned $216.30 million during the quarter, compared to analysts' expectations of $209.65 million. First Watch Restaurant Group had a net margin of 2.11% and a trailing twelve-month return on equity of 3.18%.

First Watch Restaurant Group updated its FY 2023 earnings guidance on Tuesday, August, 1st. The company provided earnings per share 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 initial public offering (IPO) on Friday, October 1st 2021. The company issued 9,459,000 shares at $17.00-$20.00 per share.

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

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 $17.33.

First Watch Restaurant Group (NASDAQ:FWRG) has a market capitalization of $1.03 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.