First Watch Restaurant Group (FWRG) Projected to Post Quarterly Earnings on Tuesday

First Watch Restaurant Group (NASDAQ:FWRG) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, March 11th. Analysts expect the company to announce earnings of $0.02 per share and revenue of $262.82 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

First Watch Restaurant Group Stock Down 6.9 %

NASDAQ:FWRG opened at $19.85 on Tuesday. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 60.15, a price-to-earnings-growth ratio of 3.38 and a beta of 0.91. First Watch Restaurant Group has a twelve month low of $12.90 and a twelve month high of $25.98. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $19.96 and a 200-day simple moving average of $18.07.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FWRG shares. Raymond James lifted their price objective on shares of First Watch Restaurant Group from $22.00 to $25.00 and gave the company a “strong-buy” rating in a report on Friday, November 8th. Barclays boosted their price objective on shares of 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. Piper Sandler boosted their price objective on shares of First Watch Restaurant Group from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. TD Cowen boosted their price objective on shares of First Watch Restaurant Group from $18.00 to $21.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Finally, Stephens reissued an “overweight” rating and issued a $25.00 price objective on shares of First Watch Restaurant Group in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.30.

First Watch Restaurant Group Company Profile

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.