NASDAQ:FWRG

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

$23.65
+0.02 (+0.08%)
(As of 04/26/2024 ET)
Today's Range
$23.56
$24.37
50-Day Range
$22.05
$25.46
52-Week Range
$15.10
$25.88
Volume
397,424 shs
Average Volume
485,051 shs
Market Capitalization
$1.43 billion
P/E Ratio
57.68
Dividend Yield
N/A
Price Target
$26.00

First Watch Restaurant Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
9.9% Upside
$26.00 Price Target
Short Interest
Healthy
12.76% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.17mentions of First Watch Restaurant Group in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$170.04 M Sold Last Quarter
Proj. Earnings Growth
33.33%
From $0.45 to $0.60 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.78 out of 5 stars

Retail/Wholesale Sector

152nd out of 201 stocks

Eating Places Industry

35th out of 42 stocks

FWRG stock logo

About First Watch Restaurant Group Stock (NASDAQ:FWRG)

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.

FWRG Stock Price History

FWRG Stock News Headlines

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Company Calendar

Last Earnings
3/05/2024
Today
4/28/2024
Next Earnings (Confirmed)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Eating places
Sub-Industry
N/A
Current Symbol
NASDAQ:FWRG
Fax
N/A
Employees
14,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$26.00
High Stock Price Target
$32.00
Low Stock Price Target
$22.00
Potential Upside/Downside
+9.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$25.39 million
Pretax Margin
4.05%

Debt

Sales & Book Value

Annual Sales
$891.55 million
Cash Flow
$1.12 per share
Book Value
$9.38 per share

Miscellaneous

Free Float
57,354,000
Market Cap
$1.43 billion
Optionable
Optionable
Beta
1.11
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Key Executives

  • Mr. Christopher A. Tomasso (Age 53)
    CEO, President & Director
    Comp: $2.43M
  • Mr. Henry Melville Hope IIIMr. Henry Melville Hope III (Age 62)
    CFO & Treasurer
    Comp: $983.98k
  • Mr. Jay Anthony Wolszczak (Age 54)
    Chief Legal Officer, General Counsel & Secretary
    Comp: $1.02M
  • Mr. John Daniel Jones (Age 44)
    Chief Operations Officer
  • Mr. Steven Louis Marotta C.F.A.
    Vice President of Investor Relations
  • Ms. Laura Anne Sorensen (Age 50)
    Chief People Officer
    Comp: $549.45k
  • Mr. Shane Schaibly (Age 41)
    Senior Vice President of Culinary Strategy of First Watch Restaurants Inc
  • Ms. Lilah Rippett (Age 65)
    Senior Vice President of Supply Chain of First Watch Restaurants, Inc
  • Mr. Eric Richard Hartman (Age 51)
    Chief Development Officer
    Comp: $671.01k
  • Mr. Rob Conti (Age 54)
    Senior Vice President of Information Technology of First Watch Restaurants Inc

FWRG Stock Analysis - 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, 3 buy ratings and 1 strong buy rating 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 target for 2024?

6 brokerages have issued 1-year price objectives for First Watch Restaurant Group's shares. Their FWRG share price targets range from $22.00 to $32.00. On average, they expect the company's stock price to reach $26.00 in the next twelve months. This suggests a possible upside of 9.9% 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 2024?

First Watch Restaurant Group's stock was trading at $20.10 at the start of the year. Since then, FWRG stock has increased by 17.7% and is now trading at $23.65.
View the best growth stocks for 2024 here
.

Are investors shorting First Watch Restaurant Group?

First Watch Restaurant Group saw a decline in short interest in April. As of April 15th, there was short interest totaling 3,980,000 shares, a decline of 11.9% from the March 31st total of 4,520,000 shares. Based on an average daily trading volume, of 494,500 shares, the days-to-cover ratio is currently 8.0 days. Currently, 12.8% of the company's shares are sold short.
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 Tuesday, May 7th 2024.
View our FWRG earnings forecast
.

How can I listen to First Watch Restaurant Group's earnings call?

First Watch Restaurant Group will be holding an earnings conference call on Tuesday, May 7th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were First Watch Restaurant Group's earnings last quarter?

First Watch Restaurant Group, Inc. (NASDAQ:FWRG) released its earnings results on Tuesday, March, 5th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.04. The company had revenue of $244.60 million for the quarter, compared to the consensus estimate of $237.20 million. First Watch Restaurant Group had a net margin of 2.85% and a trailing twelve-month return on equity of 4.62%. The firm's revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.01) earnings per share.

What ETFs hold First Watch Restaurant Group's stock?

ETFs with the largest weight of First Watch Restaurant Group (NASDAQ:FWRG) stock in their portfolio include Putnam Sustainable Future ETF (PFUT).First Trust Small Cap Growth AlphaDEX Fund (FYC).

What guidance has First Watch Restaurant Group issued on next quarter's earnings?

First Watch Restaurant Group updated its FY 2024 earnings guidance on Wednesday, March, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.0 billion.

When did First Watch Restaurant Group IPO?

First Watch Restaurant Group (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.

Who are First Watch Restaurant Group's major shareholders?

First Watch Restaurant Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include WCM Investment Management LLC (1.08%), Allspring Global Investments Holdings LLC (0.98%), Deepwater Asset Management LLC (0.68%), Raymond James & Associates (0.46%), Wesbanco Bank Inc. (0.08%) and Los Angeles Capital Management LLC (0.07%). Insiders that own company stock include Calum Alasdair Johns Middleton, Christopher Anthony Tomasso, David Paresky, Eric Richard Hartman, H Melville Hope III, International Corp/Ma Advent, Matthew Eisenacher, Michael James White, Tricia Glynn 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:FWRG) was last updated on 4/28/2024 by MarketBeat.com Staff

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