In a report released yesterday, Jeff Bernstein from Barclays assigned a Buy rating to First Watch Restaurant Group (FWRG – Research Report), with a price target of $23.00. The company’s shares closed yesterday at $25.46.
Bernstein covers the Consumer Cyclical sector, focusing on stocks such as Brinker International, Wendy’s, and Restaurant Brands International. According to TipRanks, Bernstein has an average return of 8.6% and a 65.85% success rate on recommended stocks.
First Watch Restaurant Group has an analyst consensus of Moderate Buy, with a price target consensus of $21.33.
See Insiders’ Hot Stocks on TipRanks >>
FWRG market cap is currently $1.52B and has a P/E ratio of 69.79.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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:
- FWRG Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- First Watch Restaurant Group, Inc. to Report Fourth Quarter and Fiscal Year 2023 Financial Results on March 5, 2024
- First Watch Restaurant announces acquisition of Tulsa-Area location, no terms
- First Watch Announces Acquisition of Tulsa-Area Franchise Location
- First Watch Restaurant price target raised to $21 from $18 at TD Cowen
