Total revenues increased 14.7%; same-restaurant sales growth of 0.5%*Income from operations margin of 5.1% and restaurant level operating profit margin of 20.8%Net income of $7.2 million and Adjusted EBITDA of $28.6 million9 system-wide restaurants opened across 8 states

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Purchase of Largest Franchisee Underscores Long-term Growth Strategy Purchase of Largest Franchisee Underscores Long-term Growth Strategy

Analysts' ratings for First Watch Restaurant Gr (NASDAQ:FWRG) over the last quarter vary from bullish to bearish, as provided by 6 analysts. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 3 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 1 1 2 0 0 3M Ago 1 0 0 0 0 Analysts have set 12-month price targets for First Watch Restaurant Gr, revealing an average target of $26.67, a high estimate of $32.00, and a low estimate of $22.00. Marking an increase of 20.14%, the current average surpasses the previous average price target of $22.20. Breaking Down Analyst Ratings: A Detailed Examination The analysis of recent analyst actions sheds light on the perception of First Watch Restaurant Gr by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Andrew Charles TD Cowen Maintains Hold $26.00 - Chris O'Cull Stifel Raises Hold $22.00 $20.00 Jon Tower Citigroup Raises Buy $32.00 $24.00 Jeffrey Bernstein Barclays Raises Overweight $29.00 $23.00 Andrew Charles TD Cowen Raises Market Perform $26.00 $21.00 Brian Vaccaro Raymond James Raises Strong Buy $25.00 $23.00 Key Insights: Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments ...Full story available on Benzinga.com

BRADENTON, Fla., March 07, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (“FWRG” or the “Company”) (NASDAQ: FWRG), a leading Daytime Dining concept serving breakfast, brunch and lunch, today announced the launch of an underwritten secondary offering (the “Offering”) by certain funds managed by Advent International, L.P. (the “Selling Stockholders”) of 6,000,000 shares of the Company’s common stock (“Common Stock”).

In the last three months, 4 analysts have published ratings on First Watch Restaurant Gr (NASDAQ:FWRG), offering a diverse range of perspectives from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 1 2 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 0 1 1 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $23.5, a high estimate of $26.00, and a low estimate of $20.00. This current average has increased by 9.3% from the previous average price target of $21.50. Decoding Analyst Ratings: A Detailed Look A clear picture of First Watch Restaurant Gr's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Andrew Charles TD Cowen Raises Market Perform $26.00 $21.00 Brian Vaccaro Raymond James Raises Strong Buy $25.00 $23.00 Chris O'Cull Stifel Lowers Hold $20.00 $22.00 Jeffrey Bernstein Barclays Raises Overweight $23.00 $20.00 Key Insights: Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to First Watch Restaurant Gr. This information offers a ...Full story available on Benzinga.com

Although the revenue and EPS for First Watch Restaurant Group, Inc. (FWRG) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

First Watch Restaurant Group, Inc. (FWRG) delivered earnings and revenue surprises of 0% and 2.52%, respectively, for the quarter ended December 2023. Do the numbers hold clues to what lies ahead for the stock?

BRADENTON, Fla., March 05, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and lunch, today reported financial results for the fourteen weeks ended December 31, 2023 (“Q4 2023”) and the 53-week fiscal year ended December 31, 2023 (“2023”) compared to the thirteen weeks ended December 25, 2022 (“Q4 2022”) and the 52-week fiscal year ended December 25, 2022 (“2022”) and provided an outlook for the 52-week fiscal year ending December 29, 2024 (“2024”).

Evaluate the expected performance of First Watch Restaurant Group, Inc. (FWRG) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.