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

First Watch Restaurant Group (NASDAQ:FWRG) is expected to announce its earnings results 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. Investors interested in listening to the company’s conference call can do so using this link.

First Watch Restaurant Group Stock Performance

NASDAQ:FWRG opened at $19.85 on Tuesday. The stock has a 50-day simple moving average of $19.96 and a two-hundred day simple moving average of $18.07. First Watch Restaurant Group has a 52-week low of $12.90 and a 52-week high of $25.98. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.51 and a current ratio of 0.54. The firm has a market capitalization of $1.20 billion, a PE ratio of 60.15, a P/E/G ratio of 3.38 and a beta of 0.91.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FWRG shares. TD Cowen boosted their price target on First Watch Restaurant Group from $18.00 to $21.00 and gave the company a “hold” rating in a report on Friday, November 8th. Barclays upped their price objective on First Watch Restaurant Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Piper Sandler upped their price objective on First Watch Restaurant Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Raymond James upped their price objective on First Watch Restaurant Group from $22.00 to $25.00 and gave the stock a “strong-buy” rating in a research note on Friday, November 8th. Finally, Stephens reaffirmed an “overweight” rating and issued a $25.00 price objective on shares of First Watch Restaurant Group in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average 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.