In a report released today, Brian Mullan from Piper Sandler reiterated a Buy rating on First Watch Restaurant Group (FWRG – Research Report), with a price target of $24.00. The company’s shares closed last Friday at $17.20.
According to TipRanks, Mullan is a 5-star analyst with an average return of 9.5% and a 60.39% success rate. Mullan covers the Consumer Cyclical sector, focusing on stocks such as Domino’s Pizza, Dutch Bros Inc, and BJ’s Restaurants.
In addition to Piper Sandler, First Watch Restaurant Group also received a Buy from Barclays’s Jeff Bernstein in a report issued on October 23. However, on November 1, TD Cowen maintained a Hold rating on First Watch Restaurant Group (NASDAQ: FWRG).
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The company has a one-year high of $20.31 and a one-year low of $12.75. Currently, First Watch Restaurant Group has an average volume of 363.2K.
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First Watch Restaurant Group (FWRG) Company Description:
First Watch Restaurant Group Inc is a daytime restaurant concept serving made-to-order breakfast, brunch, and lunch using fresh ingredients. It generates revenues from Restaurant sales and Franchise revenues.
Read More on FWRG:
- First Watch Restaurant sees FY23 revenue growth 20%-21%, consensus $881.05M
- First Watch Restaurant reports Q3 EPS 9c, consensus 4c
- First Watch Restaurant Group, Inc. Reports Strong Q3 2023 Financial Results and Surpasses 500 System-Wide Restaurants
- First Watch Restaurant price target lowered to $20 from $23 at Barclays
- First Watch Restaurant Group, Inc. to Report Third Quarter 2023 Financial Results on November 1, 2023
