First Watch Restaurant Group (NASDAQ:FWRG) Posts Earnings Results, Misses Expectations By $0.01 EPS

First Watch Restaurant Group (NASDAQ:FWRG) issued its earnings results on Tuesday. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01), Zacks reports. First Watch Restaurant Group had a return on equity of 3.61% and a net margin of 2.09%.

First Watch Restaurant Group Price Performance

Shares of First Watch Restaurant Group stock opened at $18.10 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 54.85, a price-to-earnings-growth ratio of 3.38 and a beta of 0.90. First Watch Restaurant Group has a twelve month low of $12.90 and a twelve month high of $25.98. The company has a 50-day simple moving average of $19.95 and a two-hundred day simple moving average of $18.14.

Wall Street Analyst Weigh In

A number of research firms have commented on FWRG. Stephens reaffirmed an “overweight” rating and set a $25.00 price objective on shares of First Watch Restaurant Group in a research report on Tuesday. Piper Sandler lifted their target price on shares of First Watch Restaurant Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.33.

First Watch Restaurant Group Company Profile

First Watch Restaurant Group, Inc, through its subsidiaries, operates and franchises restaurants under the First Watch trade name in the United States. The company was formerly known as AI Fresh Super Holdco, Inc and changed its name to First Watch Restaurant Group, Inc in December 2019. First Watch Restaurant Group, Inc was founded in 1983 and is based in Bradenton, Florida.