First Watch Restaurant Group (NASDAQ:FWRG – Get Rating)‘s stock had its “market perform” rating reaffirmed by stock analysts at TD Cowen in a report released on Wednesday, Benzinga reports. They currently have a $17.00 target price on the stock. TD Cowen’s price objective suggests a potential upside of 9.54% from the stock’s previous close.
Other equities analysts have also issued research reports about the stock. Raymond James dropped their target price on shares of First Watch Restaurant Group from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Wednesday. Citigroup lowered their target price on shares of First Watch Restaurant Group from $22.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, November 8th. Barclays raised their target price on shares of First Watch Restaurant Group from $17.00 to $19.00 and gave the stock an “overweight” rating in a report on Thursday, January 26th. Finally, Cowen lowered their target price on shares of First Watch Restaurant Group to $17.00 in a report on Tuesday, November 15th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.11.
First Watch Restaurant Group Stock Performance
Shares of NASDAQ FWRG opened at $15.52 on Wednesday. The firm has a fifty day moving average price of $15.64 and a 200-day moving average price of $15.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.70 and a quick ratio of 0.66. The stock has a market cap of $918.78 million, a PE ratio of 129.33, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07. First Watch Restaurant Group has a 1 year low of $11.57 and a 1 year high of $18.95.
Hedge Funds Weigh In On First Watch Restaurant Group
First Watch Restaurant Group Company Profile
First Watch Restaurant Group, Inc operates and franchises restaurants under the First Watch trade name. As of September 7, 2022, it operated 445 restaurants in 28 states 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.
- Get a free copy of the StockNews.com research report on First Watch Restaurant Group (FWRG)
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