First Watch Poised To Reach Its Goal Of Over 2,200 Domestic Locations Despite Tough Macro Conditions, Says Analyst [Yahoo! Finance]
First Watch Restaurant Group, Inc. (FWRG)
Company Research
Source: Yahoo! Finance
Stephens & Co. analyst Jim Salera initiated coverage on First Watch Restaurant Group, Inc. (NASDAQ: FWRG ), with an Overweight rating and a price forecast of $20. According to the analyst, First Watch is a frontrunner in daytime dining, specializing in breakfast, brunch, and lunch prepared with fresh ingredients. The menu's specialty includes chef-driven, trendy, and seasonal dishes that cater to health-conscious diners and those seeking a modern, upscale breakfast experience, Salera highlights. The analyst forecasts annual revenue growth in the low double digits, driven by over 10% unit growth and low single-digit same-store sales. Salera underscores that there is a viable path for First Watch to achieve its target of over 2,200 domestic units, supported by two analysis scenarios indicating potential upside to 2,475 and 2,398 units, respectively. This outlook suggests sustained growth of over 10% compared to the casual dining industry's low single-digit growth. The analy
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FWRG
News
- FWRG Stock Gains on a Deal to Acquire 16 Franchise Restaurants [Yahoo! Finance]Yahoo! Finance
- First Watch Restaurant Group, Inc. Announces Pricing of Secondary Offering of Common StockGlobeNewswire
- First Watch Restaurant Group, Inc. Announces Secondary Offering of Common StockGlobeNewswire
- First Watch Inspires Acts of Kindness with ‘Sweet’ Gesture on World Kindness DayGlobeNewswire
- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) had its price target raised by analysts at Piper Sandler from $22.00 to $23.00. They now have an "overweight" rating on the stock.MarketBeat
FWRG
Earnings
- 11/7/24 - Miss
FWRG
Sec Filings
- 11/15/24 - Form 4
- 11/15/24 - Form 4
- 11/15/24 - Form 4
- FWRG's page on the SEC website