First Watch Restaurant Group Inc (NASDAQ:FWRG) Receives $25.30 Consensus PT from Analysts

First Watch Restaurant Group Inc (NASDAQ:FWRG) has earned a consensus rating of “Buy” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $25.00.

A number of research analysts have weighed in on the stock. Jefferies Financial Group assumed coverage on shares of First Watch Restaurant Group in a research report on Tuesday, October 26th. They set a “buy” rating and a $30.00 price target on the stock. The Goldman Sachs Group began coverage on shares of First Watch Restaurant Group in a research report on Tuesday, October 26th. They set a “buy” rating and a $26.00 price target on the stock. Cowen began coverage on shares of First Watch Restaurant Group in a research report on Tuesday, October 26th. They set a “market perform” rating and a $21.50 target price on the stock. Stifel Nicolaus assumed coverage on shares of First Watch Restaurant Group in a research report on Tuesday, October 26th. They set a “buy” rating and a $25.00 target price on the stock. Finally, Guggenheim assumed coverage on shares of First Watch Restaurant Group in a research note on Tuesday, October 26th. They issued a “buy” rating and a $26.00 price target for the company.

An institutional investor recently bought a new position in First Watch Restaurant Group stock. LGT Capital Partners LTD. bought a new stake in shares of First Watch Restaurant Group Inc (NASDAQ:FWRG) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 325,470 shares of the company’s stock, valued at approximately $5,455,000. LGT Capital Partners LTD. owned about 0.55% of First Watch Restaurant Group at the end of the most recent reporting period.

Shares of FWRG traded up $0.31 during mid-day trading on Friday, hitting $15.49. The company had a trading volume of 3,483 shares, compared to its average volume of 330,951. The business has a 50-day moving average of $18.31. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.74 and a current ratio of 0.78. First Watch Restaurant Group has a 1-year low of $14.76 and a 1-year high of $25.46.

First Watch Restaurant Group (NASDAQ:FWRG) last released its earnings results on Monday, November 8th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The company had revenue of $157.44 million during the quarter, compared to analyst estimates of $152.27 million. As a group, sell-side analysts expect that First Watch Restaurant Group will post -0.05 earnings per share for the current fiscal year.

First Watch Restaurant Group Company Profile

First Watch Restaurant Group Inc is a daytime dining restaurant concept serving made-to-order breakfast, brunch and lunch using fresh ingredients. It offers pancakes, omelets, sandwiches and salads, alongside specialty items like the Quinoa Power Bowl(R), Avocado Toast and the Chickichanga. First Watch Restaurant Group Inc is based in BRADENTON, Fla.

Recommended Story: What is the Nikkei 225 index?    

Analyst Recommendations for First Watch Restaurant Group (NASDAQ:FWRG)

Receive News & Ratings for First Watch Restaurant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Watch Restaurant Group and related companies with MarketBeat.com's FREE daily email newsletter.