First Watch Restaurant Group
FWRG

$16.07

1.39%

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

Consumer Discretionary Eating Places

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 7 analysts

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

See Fund Rankings

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$18

12%

upside

Avg. target

$20

27%

upside

High target

$24

49%

upside

7 analyst ratings

3 positive

43%

4 neutral

57%

0 negative

0%

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

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about FWRG published over the past 30 days

First Watch Names Rob Conti as Chief Information Officer

BRADENTON, Fla., Sept. 03, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG), the leading Daytime Dining concept serving breakfast, brunch and lunch, recently announced the promotion of Rob Conti to Chief Information Officer. Joining First Watch in 2019, he previously served as Senior Vice President of Information Technology, and brings to the role more than 25 years of experience leading technology solutions and services for prominent hospitality brands. At First Watch, he is responsible for setting the organization's IT strategy and roadmap, and ensuring successful integration of technology initiatives and programs.

First Watch Names Rob Conti as Chief Information Officer

FIRST WATCH STOCKHOLDER ALERT: Kaskela Law LLC Announces Investigation of First Watch Restaurant Group, Inc. (FWRG) and Encourages Investors to Contact the Firm

PHILADELPHIA--(BUSINESS WIRE)--Kaskela Law LLC announces that it is investigating First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch”) on behalf of the company's investors. Since May 2024, shares of First Watch's stock have declined from a trading price of over $25.00 per share to a recent trading price of approximately $16.50, a decline of $8.50 per share, or over 34% in value. The investigation seeks to determine whether First Watch and/or the company's officers and directors vio.

FIRST WATCH STOCKHOLDER ALERT: Kaskela Law LLC Announces Investigation of First Watch Restaurant Group, Inc. (FWRG) and Encourages Investors to Contact the Firm

First Watch Restaurant Group, Inc. Announces Appointment of Charles Jemley and Michael Fleisher to Board of Directors

Leading Daytime Dining concept strengthens Board with appointment of new independent directors Leading Daytime Dining concept strengthens Board with appointment of new independent directors

First Watch Restaurant Group, Inc. Announces Appointment of Charles Jemley and Michael Fleisher to Board of Directors

First Watch Restaurant Group, Inc. (FWRG) Q2 2024 Earnings Call Transcript

First Watch Restaurant Group, Inc. (NASDAQ:FWRG ) Q2 2024 Earnings Conference Call August 6, 2024 8:00 AM ET Company Participants Steven Marotta – Vice President-Investor Relations Chris Tomasso – President and Chief Executive Officer Mel Hope – Chief Financial Officer Conference Call Participants Patrick Johnson – Stifel Brian M. Vaccaro – Raymond James Andy Barish – Jefferies Pratik Patel – Barclays Gregory Francfort – Guggenheim Securities Ali Arfstrom – Piper Sandler Katherine Griffin – Bank of America Karen Holthouse – Citi Operator Thank you for standing by, and welcome to the First Watch Restaurant Group, Inc. Second Quarter Earnings Conference Call occurring today, August 6, 2024, at 8:00 AM Eastern Time.

First Watch Restaurant Group, Inc. (FWRG) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Compared to Estimates, First Watch Restaurant Group (FWRG) Q2 Earnings: A Look at Key Metrics

While the top- and bottom-line numbers for First Watch Restaurant Group (FWRG) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, First Watch Restaurant Group (FWRG) Q2 Earnings: A Look at Key Metrics

Zacks Investment Research

First Watch Restaurant Group, Inc. (FWRG) Q2 Earnings and Revenues Top Estimates

First Watch Restaurant Group, Inc. (FWRG) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.13 per share a year ago.

First Watch Restaurant Group, Inc. (FWRG) Q2 Earnings and Revenues Top Estimates

First Watch Restaurant Group, Inc. Reports Q2 2024 Financial Results

Total revenues increased 19.5% Income from operations margin improved 110 basis points and Restaurant level operating profit margin improved 100 basis points Net income increased 12 % to $8.9 million and Adjusted EBITDA increased 37% to $35.3 million 7 new system-wide restaurants opened across 6 states

First Watch Restaurant Group, Inc. Reports Q2 2024 Financial Results

Zacks Investment Research

Analysts Estimate First Watch Restaurant Group, Inc. (FWRG) to Report a Decline in Earnings: What to Look Out for

First Watch Restaurant Group (FWRG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate First Watch Restaurant Group, Inc. (FWRG) to Report a Decline in Earnings: What to Look Out for

3 Russell 2000 Stocks to Buy at a 52-week Low in July

The Russell 2000 index tracks the performance of small-to-mid capitalization stocks. If anyone has been watching this captivating index, they would have seen a stark divergence between small-to-mid-cap and large-cap returns.

3 Russell 2000 Stocks to Buy at a 52-week Low in July

First Watch Restaurant Group, Inc. to Report Second Quarter 2024 Financial Results on August 6, 2024

BRADENTON, Fla., July 23, 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 announced that it plans to release its second quarter 2024 financial results on Tuesday, August 6, 2024, before the market opens.

First Watch Restaurant Group, Inc. to Report Second Quarter 2024 Financial Results on August 6, 2024

See News Rankings