First Watch Restaurant Group (FWRG) Expected to Announce Quarterly Earnings on Tuesday

First Watch Restaurant Group (NASDAQ:FWRG - Get Free Report) is projected to post its quarterly earnings results before the market opens on Tuesday, March 11th. Analysts expect First Watch Restaurant Group to post earnings of $0.02 per share and revenue of $262.82 million for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

First Watch Restaurant Group Stock Down 2.2 %

FWRG traded down $0.42 during midday trading on Friday, reaching $18.30. The company's stock had a trading volume of 267,013 shares, compared to its average volume of 639,912. The stock's 50-day moving average is $19.96 and its 200-day moving average is $18.10. First Watch Restaurant Group has a 1 year low of $12.90 and a 1 year high of $25.98. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 55.49, a PEG ratio of 3.38 and a beta of 0.91. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.32.

Analyst Upgrades and Downgrades

FWRG has been the topic of several analyst reports. Raymond James boosted their target price on First Watch Restaurant Group from $22.00 to $25.00 and gave the stock a "strong-buy" rating in a report on Friday, November 8th. Stephens reissued an "overweight" rating and set a $25.00 price objective on shares of First Watch Restaurant Group in a research report on Tuesday, January 28th. Piper Sandler lifted their target price on shares of First Watch Restaurant Group from $22.00 to $23.00 and gave the stock an "overweight" rating in a report on Monday, November 11th. TD Cowen increased their price target on shares of First Watch Restaurant Group from $18.00 to $21.00 and gave the company a "hold" rating in a report on Friday, November 8th. Finally, Barclays upped their price objective on First Watch Restaurant Group from $18.00 to $22.00 and gave the company an "overweight" rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $22.33.

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About First Watch Restaurant Group

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.