Stephens initiated coverage on First Watch Restaurant Group with a new price target
$FWRG
Restaurants
Consumer Discretionary
Stephens initiated coverage of First Watch Restaurant Group with a rating of Overweight and set a new price target of $20.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/17/2024 | $20.00 | Overweight | Stephens |
| 8/27/2024 | $23.00 | Buy | The Benchmark Company |
| 1/4/2024 | $22.00 → $20.00 | Buy → Hold | Stifel |
| 10/18/2023 | $24.00 → $22.00 | Outperform → Strong Buy | Raymond James |
| 7/18/2023 | $22.00 | Overweight | Piper Sandler |
| 4/12/2022 | $22.00 → $17.00 | Buy | Citigroup |
| 1/27/2022 | $24.50 → $22.00 | Neutral → Buy | Citigroup |
| 1/13/2022 | $24.00 | Outperform | Raymond James |
BRADENTON, Fla., Jan. 13, 2025 (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 certain preliminary operational metrics for the thirteen weeks ended December 29, 2024 ("fourth quarter") and fiscal year ended December 29, 2024 ("2024"). "We delivered on our fourth quarter target of 25 new restaurant openings, including 23 Company-owned sites. Furthermore, fourth quarter same restaurant sales and traffic growth were at the upper end of our expected range," said Chris Tomasso, First Watch CEO and President. "In 2025, we plan to build on our leading posi
BRADENTON, Fla., Jan. 07, 2025 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. ("First Watch" or the "Company") (NASDAQ:FWRG), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announced that Chris Tomasso, Chief Executive Officer and President, and Mel Hope, Chief Financial Officer, will participate in two upcoming conferences: The Company will host a fireside chat at the 27th Annual ICR Conference on Jan. 14, 2025 at 10:00 AM ET. The fireside chat will be available at https://investors.firstwatch.com in the News & Events section and will be archived on the site shortly after it has concluded. Management will host meetings at the conference with institu
BRADENTON, Fla., Nov. 12, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. ("FWRG" or the "Company") (NASDAQ:FWRG), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announced the pricing of its previously announced underwritten secondary offering (the "Offering") by certain funds managed by Advent International, L.P. (the "Selling Stockholders") of 8,000,000 shares of the Company's common stock ("Common Stock"). The shares have been offered at a price to the public of $19.95 per share. The Offering is expected to close on November 13, 2024, subject to customary closing conditions. The underwriter has a 30-day option to purchase up to an additional
Total revenues increased 14.8%Net income of $2.1 million and Adjusted EBITDA growth of 18% to $25.6 million9 new system-wide restaurants opened in 8 states BRADENTON, Fla., Nov. 07, 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 thirteen weeks ended September 29, 2024 ("Q3 2024"). "We are pleased with our performance in Q3 as it reflects our teams' superb restaurant-level operations, especially considering an uneven consumer backdrop. Traffic picked up through the quarter, our employee
BRADENTON, Fla., Oct. 24, 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 third quarter 2024 financial results on Thursday, November 7, 2024, before the market opens. A conference call and webcast will follow at 8:00 AM ET, hosted by Chris Tomasso, Chief Executive Officer and President, and Mel Hope, Chief Financial Officer. Interested parties may listen to the conference call via any one of three options: Dial 201-389-0914, which will be answered by an operatorPre-register by entering your information at this Ca
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 BRADENTON, Fla., Aug. 06, 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 thirteen weeks ended June 30, 2024 ("Q2 2024"). "We are pleased with our second quarter results and proud of our teams for delivering exceptio
SC 13G/A - First Watch Restaurant Group, Inc. (0001789940) (Subject)
SC 13G/A - First Watch Restaurant Group, Inc. (0001789940) (Subject)
SC 13G - First Watch Restaurant Group, Inc. (0001789940) (Subject)
4 - First Watch Restaurant Group, Inc. (0001789940) (Issuer)
4 - First Watch Restaurant Group, Inc. (0001789940) (Issuer)
4 - First Watch Restaurant Group, Inc. (0001789940) (Issuer)
Stephens initiated coverage of First Watch Restaurant Group with a rating of Overweight and set a new price target of $20.00
The Benchmark Company initiated coverage of First Watch Restaurant Group with a rating of Buy and set a new price target of $23.00
Stifel downgraded First Watch Restaurant Group from Buy to Hold and set a new price target of $20.00 from $22.00 previously
8-K - First Watch Restaurant Group, Inc. (0001789940) (Filer)
8-K - First Watch Restaurant Group, Inc. (0001789940) (Filer)
424B3 - First Watch Restaurant Group, Inc. (0001789940) (Filer)
BRADENTON, Fla., Aug. 22, 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 the appointment of Charles Jemley to its Board of Directors and as Chair of the Audit Committee effective immediately and the appointment of Michael Fleisher to its Board of Directors effective November 1, 2024. "We are pleased to welcome Charley and Michael to our Board of Directors, and we look forward to leaning on their extensive financial management expertise as we continue to scale the First Watch brand," said Ralph Alvarez, Chairman of the Board of Directors of Fi
BRADENTON, Fla., Dec. 06, 2023 (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 the appointment of Jostein Solheim to its Board of Directors effective immediately. Solheim is an experienced chief executive officer who currently serves as the CEO, Health & Wellbeing at Unilever PLC. "We are excited to welcome Jostein to the Board of Directors of First Watch, and we look forward to leveraging his extensive marketing and brand management expertise," said Ralph Alvarez, Chairman of the Board of Directors of First Watch. "Jostein is a proven leader
BRADENTON, Fla., July 19, 2023 (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 the appointment of Irene Chang Britt to its Board of Directors, effective immediately. Ms. Chang Britt is an experienced independent board director and former Fortune 500 C-suite executive, who currently serves on the boards of established businesses and start-up companies representing a variety of industries, including retail, CPG, e-commerce and lifestyle. "We are thrilled to welcome Irene to the Board of Directors of First Watch, and I'm confident that our company wil