First Watch Restaurant Group (NASDAQ:FWRG) Releases Earnings Results, Misses Expectations By $0.01 EPS

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. The business had revenue of $263.30 million during the quarter, compared to the consensus estimate of $262.82 million. First Watch Restaurant Group had a return on equity of 3.61% and a net margin of 2.09%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 earnings per share. First Watch Restaurant Group updated its FY 2025 guidance to EPS.

First Watch Restaurant Group Trading Up 1.2 %

NASDAQ:FWRG opened at $17.04 on Thursday. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 51.64, a PEG ratio of 3.38 and a beta of 0.90. First Watch Restaurant Group has a 52 week low of $12.90 and a 52 week high of $25.98. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average price is $19.89 and its 200-day moving average price is $18.13.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FWRG shares. Bank of America increased their price target on shares of First Watch Restaurant Group from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday. Sanford C. Bernstein set a $21.00 target price on First Watch Restaurant Group in a research report on Tuesday. Barclays restated an “overweight” rating and set a $21.00 price target (down from $24.00) on shares of First Watch Restaurant Group in a research report on Tuesday. TD Securities reiterated a “hold” rating and issued a $21.00 price objective on shares of First Watch Restaurant Group in a report on Wednesday. Finally, Benchmark reissued a “buy” rating on shares of First Watch Restaurant Group in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $22.36.

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.