Should I buy or sell First Watch Restaurant Group stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Watch Restaurant Group in the last twelve months. There are currently 2 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 analysts have issued 1-year price objectives for First Watch Restaurant Group's stock. Their FWRG share price targets range from $22.00 to $32.00. On average, they expect the company's share price to reach $26.00 in the next year. This suggests a possible upside of 16.2% 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 11.3% and is now trading at $22.37. View the best growth stocks for 2024 here .

Are investors shorting First Watch Restaurant Group?

First Watch Restaurant Group saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 4,520,000 shares, an increase of 7.1% from the March 15th total of 4,220,000 shares. Based on an average daily volume of 480,100 shares, the short-interest ratio is presently 9.4 days. Currently, 14.4% of the company's shares 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 were First Watch Restaurant Group's earnings last quarter?

First Watch Restaurant Group, Inc. (NASDAQ:FWRG) issued its quarterly earnings data on Tuesday, March, 5th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The firm had revenue of $244.60 million for the quarter, compared to analyst estimates 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 company's quarterly revenue was up 31.7% on a year-over-year basis. During the same period last year, the firm earned ($0.01) earnings per share.

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 (IPO) on Friday, October 1st 2021. The company issued 9,459,000 shares at $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 investors include Allspring Global Investments Holdings LLC (0.98%), Deepwater Asset Management LLC (0.68%), Los Angeles Capital Management LLC (0.07%), LVW Advisors LLC (0.02%) and Sunbelt Securities Inc. (0.00%). 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 .

NASDAQ:FWRG

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

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$22.37

+0.17 (+0.77%)

(As of 10:04 AM ET)

Compare

Today's Range: $22.08
▼
$22.37
50-Day Range: $22.05
▼
$25.46
52-Week Range: $14.68
▼
$25.88

Volume: 20,336 shs
Average Volume: 460,220 shs
Market Capitalization: $1.35 billion

P/E Ratio: 54.56
Dividend Yield: N/A
Price Target: $26.00

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First Watch Restaurant Group MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.83 Rating Score
Upside/Downside: 16.2% Upside
$26.00 Price Target
Short Interest: Bearish
14.44% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.81
Based on 6 Articles This Week
Insider Trading: Selling Shares
$170.16 M Sold Last Quarter
Proj. Earnings Growth: 32.61%
From $0.46 to $0.61 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.

3.22 out of 5 stars

Retail/Wholesale Sector

101st out of 201 stocks

Eating Places Industry

22nd out of 41 stocks

3.4

Analyst's Opinion

Consensus Rating
First Watch Restaurant Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
First Watch Restaurant Group has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
14.44% of the float of First Watch Restaurant Group has been sold short.
Short Interest Ratio / Days to Cover
First Watch Restaurant Group has a short interest ratio ("days to cover") of 9.4.
Change versus previous month
Short interest in First Watch Restaurant Group has recently increased by 7.11%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
First Watch Restaurant Group does not currently pay a dividend.
Dividend Growth
First Watch Restaurant Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FWRG.

3.2

News and Social Media Coverage

News Sentiment
First Watch Restaurant Group has a news sentiment score of 0.81. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for First Watch Restaurant Group this week, compared to 3 articles on an average week.
Search Interest
2 people have searched for FWRG on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Watch Restaurant Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $170,160,841.00 in company stock.
Percentage Held by Insiders
Only 4.50% of the stock of First Watch Restaurant Group is held by insiders.
Percentage Held by Institutions
96.11% of the stock of First Watch Restaurant Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for First Watch Restaurant Group are expected to grow by 32.61% in the coming year, from $0.46 to $0.61 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Watch Restaurant Group is 54.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.64.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Watch Restaurant Group is 54.56, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 21.64.
Price to Earnings Growth Ratio
First Watch Restaurant Group has a PEG Ratio of 2.05. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
First Watch Restaurant Group has a P/B Ratio of 2.38. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

FWRG Stock News Headlines

April 16, 2024 | americanbankingnews.com

First Watch Restaurant Group, Inc. (NASDAQ:FWRG) Sees Significant Growth in Short Interest

April 15, 2024 | globenewswire.com

First Watch Acquires 21 Franchise Restaurants in North Carolina

April 19, 2024 | Altimetry (Ad)

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April 13, 2024 | americanbankingnews.com

First Watch Restaurant Group, Inc. (NASDAQ:FWRG) Receives Average Rating of "Moderate Buy" from Analysts

April 11, 2024 | americanbankingnews.com

First Watch Restaurant Group (NASDAQ:FWRG) Stock Rating Reaffirmed by TD Cowen

April 3, 2024 | finance.yahoo.com

First Watch Restaurant Group, Inc.'s (NASDAQ:FWRG) largest shareholders are private equity firms with 45% ownership, institutions own 44%

April 2, 2024 | msn.com

March restaurant news: 2 bankruptcies, 13 openings and 3 closings

April 2, 2024 | msn.com

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April 19, 2024 | Altimetry (Ad)

I’m officially sounding the alarm.

March 31, 2024 | msn.com

County-wide call for back up issued at Trotwood restaurant

March 30, 2024 | msn.com

What stores, restaurants are open for Easter 2024?

March 20, 2024 | investing.com

First Watch restaurant group's chief legal officer sells shares worth over $364k

March 18, 2024 | finance.yahoo.com

First Watch Restaurant Group Inc's Chief Legal Officer Sells 15,000 Shares

March 14, 2024 | finance.yahoo.com

First Watch Restaurant Group Inc CFO and Treasurer HOPE H MELVILLE III Sells Company Shares

March 14, 2024 | finance.yahoo.com

First Watch Restaurant Group Inc's Chief Development Officer Sells Company Shares

March 12, 2024 | finance.yahoo.com

First Watch Restaurant Group Inc Chief Brand Officer Sells 45,000 Shares

March 12, 2024 | msn.com

March 8, 2024 | finance.yahoo.com

Earnings Update: Here's Why Analysts Just Lifted Their First Watch Restaurant Group, Inc. (NASDAQ:FWRG) Price Target To US$27.89

March 7, 2024 | globenewswire.com

First Watch Restaurant Group, Inc. Announces Secondary Offering of Common Stock

March 7, 2024 | seekingalpha.com

First Watch Restaurant Group, Inc. (FWRG) Q4 2023 Earnings Call Transcript

March 7, 2024 | finance.yahoo.com

First Watch Restaurant Group Inc Chief Brand Officer Sells 20,000 Shares

March 6, 2024 | finance.yahoo.com

First Watch Co-Founder, Longtime CEO and Former Chairman Ken Pendery Passes Away at 70

March 6, 2024 | finance.yahoo.com

Q4 2023 First Watch Restaurant Group Inc Earnings Call

March 5, 2024 | msn.com

First Watch Restaurant GAAP EPS of $0.04 in-line, revenue of $244.6M beats by $7.4M

March 5, 2024 | msn.com

First Watch swings to a profit in Q4

March 5, 2024 | finance.yahoo.com

First Watch (NASDAQ:FWRG) Reports Upbeat Q4

March 5, 2024 | globenewswire.com

First Watch Restaurant Group, Inc. Reports Strong 2023 Financial Results and Provides 2024 Outlook

See More Headlines

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Company Calendar

Last Earnings: 3/05/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/07/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Retail/Wholesale
Industry: Eating places
Sub-Industry: N/A
Current Symbol: NASDAQ:FWRG
CUSIP: N/A
CIK: 1789940
Web: www.firstwatch.com
Phone: 941-907-9800
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: +17.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.83
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.41
Trailing P/E Ratio: 54.15
Forward P/E Ratio: 48.26
P/E Growth: 2.06
Net Income: $25.39 million
Net Margins: 2.85%
Pretax Margin: 4.05%
Return on Equity: 4.62%
Return on Assets: 2.14%

Debt

Debt-to-Equity Ratio: 0.21
Current Ratio: 0.62
Quick Ratio: 0.57

Sales & Book Value

Annual Sales: $891.55 million
Price / Sales: 1.50
Cash Flow: $1.12 per share
Price / Cash Flow: 19.75
Book Value: $9.38 per share
Price / Book: 2.37

Miscellaneous

Outstanding Shares: 60,370,000
Free Float: 57,656,000
Market Cap: $1.34 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 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FWRG Stock Analysis - Frequently Asked Questions

Should I buy or sell First Watch Restaurant Group stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Watch Restaurant Group in the last twelve months. There are currently 2 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 analysts have issued 1-year price objectives for First Watch Restaurant Group's stock. Their FWRG share price targets range from $22.00 to $32.00. On average, they expect the company's share price to reach $26.00 in the next year. This suggests a possible upside of 16.2% 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 11.3% and is now trading at $22.37.
View the best growth stocks for 2024 here.
Are investors shorting First Watch Restaurant Group?: First Watch Restaurant Group saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 4,520,000 shares, an increase of 7.1% from the March 15th total of 4,220,000 shares. Based on an average daily volume of 480,100 shares, the short-interest ratio is presently 9.4 days. Currently, 14.4% of the company's shares 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 were First Watch Restaurant Group's earnings last quarter?: First Watch Restaurant Group, Inc. (NASDAQ:FWRG) issued its quarterly earnings data on Tuesday, March, 5th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The firm had revenue of $244.60 million for the quarter, compared to analyst estimates 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 company's quarterly revenue was up 31.7% on a year-over-year basis. During the same period last year, the firm earned ($0.01) earnings per share.

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 (IPO) on Friday, October 1st 2021. The company issued 9,459,000 shares at $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 investors include Allspring Global Investments Holdings LLC (0.98%), Deepwater Asset Management LLC (0.68%), Los Angeles Capital Management LLC (0.07%), LVW Advisors LLC (0.02%) and Sunbelt Securities Inc. (0.00%). 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 4/19/2024 by MarketBeat.com Staff

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