Barclays analyst Jeff Bernstein maintained a Buy rating on First Watch Restaurant Group (FWRG – Research Report) today and set a price target of $29.00. The company’s shares closed yesterday at $22.20.
According to TipRanks, Bernstein is a 5-star analyst with an average return of 7.5% and a 62.68% success rate. Bernstein covers the Consumer Cyclical sector, focusing on stocks such as Brinker International, Shake Shack, and Dine Brands Global.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Watch Restaurant Group with a $28.00 average price target.
FWRG market cap is currently $1.34B and has a P/E ratio of 53.37.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FWRG in relation to earlier this year. Last month, Jay Anthony Wolszczak, the CLO, GC & Secy of FWRG sold 15,000.00 shares for a total of $364,350.00.
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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 completes acquisition of franchise-owned sites for $75M
- First Watch Acquires 21 Franchise Restaurants in North Carolina
- First Watch Restaurant 6M share Spot Secondary priced at $24.19
- First Watch Restaurant Group, Inc. Announces Secondary Offering of Common Stock
- First Watch Restaurant announces 6M share offering of common stock for holders
