First Watch Restaurant Group (FWRG) Scheduled to Post Quarterly Earnings on Thursday

First Watch Restaurant Group (NASDAQ:FWRG - Get Free Report) is scheduled to release its earnings data before the market opens on Thursday, November 7th. Analysts expect First Watch Restaurant Group to post earnings of $0.05 per share for the quarter. First Watch Restaurant Group has set its FY 2024 guidance at EPS.Individual interested in registering for the company's earnings conference call can do so using this link.

First Watch Restaurant Group (NASDAQ:FWRG - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. First Watch Restaurant Group had a return on equity of 4.24% and a net margin of 2.51%. The firm had revenue of $258.60 million during the quarter, compared to analysts' expectations of $257.65 million. During the same quarter last year, the firm earned $0.13 earnings per share. The business's revenue for the quarter was up 19.6% on a year-over-year basis. On average, analysts expect First Watch Restaurant Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

First Watch Restaurant Group Stock Up 1.0 %

FWRG stock traded up $0.17 during mid-day trading on Thursday, hitting $17.00. The stock had a trading volume of 344,622 shares, compared to its average volume of 575,559. First Watch Restaurant Group has a 1-year low of $12.90 and a 1-year high of $25.98. The company has a fifty day moving average of $15.71 and a 200 day moving average of $17.57. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 43.15, a PEG ratio of 2.73 and a beta of 0.87.

Analysts Set New Price Targets

A number of analysts have issued reports on FWRG shares. TD Cowen reiterated a "hold" rating and issued a $18.00 target price on shares of First Watch Restaurant Group in a research note on Thursday, September 12th. Stephens began coverage on shares of First Watch Restaurant Group in a report on Thursday, October 17th. They issued an "overweight" rating and a $20.00 price objective for the company. Guggenheim reduced their target price on First Watch Restaurant Group from $24.00 to $20.00 and set a "buy" rating for the company in a report on Friday, October 4th. Barclays reduced their price objective on shares of First Watch Restaurant Group from $21.00 to $18.00 and set an "overweight" rating for the company in a research note on Tuesday, October 22nd. Finally, Bank of America dropped their target price on shares of First Watch Restaurant Group from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Wednesday, July 17th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $22.00.

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.