FWRG Stock Gains on a Deal to Acquire 16 Franchise Restaurants [Yahoo! Finance]
First Watch Restaurant Group, Inc. (FWRG)
Company Research
Source: Yahoo! Finance
The transaction is expected to close by mid-April 2025, subject to customary closing conditions, and will be funded with a combination of cash and borrowings from the company's credit facility. The company views strategic acquisitions of franchise-operated restaurants as a key component of its long-term growth and value-creation strategy. The addition of these 16 restaurants and its development rights will strengthen First Watch Restaurant's corporate presence in the East Coast. This acquisition is part of First Watch Restaurant's ongoing expansion strategy. Since May 2023, the company has acquired 45 franchised restaurants through six transactions, significantly increasing its presence across key markets. The company's continued expansion highlights its strong growth in the daytime dining sector. This move will also open up new territories for organic growth in the future. First Watch Restaurant expects these restaurants to perform at levels similar to its company-owned locati
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FWRG
News
- Is It Too Late To Consider Buying First Watch Restaurant Group, Inc. (NASDAQ:FWRG)? [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