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

First Watch Restaurant Group (NASDAQ:FWRG) will post its quarterly earnings results before the market opens on Tuesday, August 6th. Analysts expect First Watch Restaurant Group to post earnings of $0.12 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

First Watch Restaurant Group (NASDAQ:FWRG) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $242.40 million during the quarter, compared to analyst estimates of $245.03 million. First Watch Restaurant Group had a return on equity of 4.15% and a net margin of 2.52%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the company posted $0.15 EPS. On average, analysts expect First Watch Restaurant Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

First Watch Restaurant Group Trading Up 0.7 %

Shares of NASDAQ:FWRG traded up $0.11 during midday trading on Tuesday, reaching $15.68. The company’s stock had a trading volume of 48,248 shares, compared to its average volume of 576,567. The firm has a 50 day moving average price of $17.47 and a two-hundred day moving average price of $21.00. First Watch Restaurant Group has a fifty-two week low of $14.56 and a fifty-two week high of $25.98. The firm has a market capitalization of $946.60 million, a price-to-earnings ratio of 40.97, a PEG ratio of 2.09 and a beta of 0.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.55 and a current ratio of 0.60.

Analyst Ratings Changes

A number of research firms have issued reports on FWRG. Bank of America cut their price target on 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. Stifel Nicolaus cut their target price on shares of First Watch Restaurant Group from $22.00 to $18.00 and set a “hold” rating on the stock in a research note on Tuesday, July 2nd. TD Cowen reduced their price target on shares of First Watch Restaurant Group from $21.00 to $18.00 and set a “hold” rating for the company in a report on Wednesday, July 17th. Finally, Barclays cut their price objective on shares of First Watch Restaurant Group from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, First Watch Restaurant Group presently has an average rating of “Moderate Buy” and an average price target of $24.00.

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.