First Watch Restaurant Group (NASDAQ:FWRG) Announces Earnings Results

First Watch Restaurant Group (NASDAQ:FWRG) posted its earnings results on Tuesday. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01), Zacks reports. First Watch Restaurant Group had a net margin of 2.09% and a return on equity of 3.61%. The company had revenue of $263.30 million for the quarter, compared to the consensus estimate of $262.82 million. During the same quarter in the prior year, the company posted $0.04 EPS. First Watch Restaurant Group’s revenue was up 7.6% on a year-over-year basis. First Watch Restaurant Group updated its FY 2025 guidance to EPS.

First Watch Restaurant Group Stock Up 1.2 %

NASDAQ FWRG opened at $17.04 on Thursday. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.32. First Watch Restaurant Group has a 12 month low of $12.90 and a 12 month high of $25.98. The stock’s 50 day moving average is $19.89 and its 200 day moving average is $18.13. The stock has a market cap of $1.03 billion, a PE ratio of 51.64, a P/E/G ratio of 3.38 and a beta of 0.90.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Benchmark restated a “buy” rating on shares of First Watch Restaurant Group in a report on Wednesday. TD Securities reaffirmed a “hold” rating and issued a $21.00 price objective on shares of First Watch Restaurant Group in a report on Wednesday. Sanford C. Bernstein set a $21.00 target price on First Watch Restaurant Group in a report on Tuesday. Bank of America raised their price objective on shares of First Watch Restaurant Group from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Stephens reaffirmed an “overweight” rating and set a $25.00 target price on shares of First Watch Restaurant Group in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.36.

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.