First Watch Restaurant GroupFWRG
Market Cap: $971M
About: 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.
Employees: 14,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
32% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 41
2.22% more ownership
Funds ownership: 105.85% [Q1] → 108.06% (+2.22%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
7% less funds holding
Funds holding: 147 [Q1] → 137 (-10) [Q2]
27% less capital invested
Capital invested by funds: $1.56B [Q1] → $1.15B (-$415M) [Q2]
31% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 32
89% less call options, than puts
Call options by funds: $98K | Put options by funds: $856K
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Benchmark Todd Brooks 39% 1-year accuracy 18 / 46 met price target | 43%upside $23 | Buy Initiated | 27 Aug 2024 |
Barclays Jeffrey Bernstein 51% 1-year accuracy 29 / 57 met price target | 31%upside $21 | Overweight Maintained | 7 Aug 2024 |
TD Cowen Andrew Charles 47% 1-year accuracy 54 / 116 met price target | 12%upside $18 | Hold Reiterated | 7 Aug 2024 |
B of A Securities Sara Senatore 54% 1-year accuracy 13 / 24 met price target | 49%upside $24 | Buy Maintained | 17 Jul 2024 |
TD Cowen Andrew Charles 47% 1-year accuracy 54 / 116 met price target | 12%upside $18 | Hold Maintained | 17 Jul 2024 |
Financial journalist opinion
Based on 3 articles about FWRG published over the past 30 days