NASDAQ:FWRG

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

$24.24
+0.61 (+2.58%)
(As of 10:58 AM ET)
Today's Range
$23.56
$24.37
50-Day Range
$22.05
$25.46
52-Week Range
$15.10
$25.88
Volume
86,346 shs
Average Volume
463,877 shs
Market Capitalization
$1.46 billion
P/E Ratio
59.12
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
10.0% 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 8 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.

2.83 out of 5 stars

Retail/Wholesale Sector

131st out of 202 stocks

Eating Places Industry

32nd out of 40 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
4/26/2024
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
+10.0%
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
$1.15 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 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, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities 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 equities research analysts have issued twelve-month price objectives for First Watch Restaurant Group's shares. Their FWRG share price targets range from $22.00 to $32.00. On average, they predict the company's stock price to reach $26.00 in the next twelve months. This suggests a possible upside of 10.0% 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 beginning of the year. Since then, FWRG stock has increased by 17.6% and is now trading at $23.63.
View the best growth stocks for 2024 here
.

Are investors shorting First Watch Restaurant Group?

First Watch Restaurant Group saw a decrease in short interest in the month of April. As of April 15th, there was short interest totaling 3,980,000 shares, a decrease 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 presently 8.0 days. Approximately 12.8% of the company's stock are short sold.
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) issued its earnings results on Tuesday, March, 5th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The firm had revenue of $244.60 million for the quarter, compared to analysts' expectations of $237.20 million. First Watch Restaurant Group had a trailing twelve-month return on equity of 4.62% and a net margin of 2.85%. The business's revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.01) earnings per share.

What ETF holds First Watch Restaurant Group's stock?

First Trust Small Cap Growth AlphaDEX Fund holds 70,084 shares of FWRG stock, representing 0.62% of its portfolio.

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

First Watch Restaurant Group issued an update on its FY 2024 earnings guidance on Wednesday, March, 6th. The company provided earnings per share 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 initial public offering 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 variety 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 4/26/2024 by MarketBeat.com Staff

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