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Demystifying First Watch Restaurant Gr: Insights From 6 Analyst Reviews

Author: Benzinga Insights | June 13, 2024 02:00pm

During the last three months, 6 analysts shared their evaluations of First Watch Restaurant Gr (NASDAQ:FWRG), revealing diverse outlooks from bullish to bearish.

The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 0 1 5 0 0
Last 30D 0 0 1 0 0
1M Ago 0 0 0 0 0
2M Ago 0 1 1 0 0
3M Ago 0 0 3 0 0

The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $25.17, a high estimate of $27.00, and a low estimate of $21.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 5.62%.

price target chart

Exploring Analyst Ratings: An In-Depth Overview

The standing of First Watch Restaurant Gr among financial experts becomes clear 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 Lowers Hold $21.00 $25.00
Andrew Charles TD Cowen Lowers Hold $25.00 $26.00
Jeffrey Bernstein Barclays Lowers Overweight $27.00 $29.00
Andrew Charles TD Cowen Maintains Hold $26.00 -
Andrew Charles TD Cowen Maintains Hold $26.00 -
Andrew Charles TD Cowen Maintains Hold $26.00 -

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 snapshot of how analysts perceive the current state of the company.
  • Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of First Watch Restaurant Gr compared to the broader market.
  • Price Targets: Delving into movements, analysts provide estimates for the future value of First Watch Restaurant Gr's stock. This analysis reveals shifts in analysts' expectations over time.

Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of First Watch Restaurant Gr's market position. Stay informed and make well-informed decisions with our Ratings Table.

Stay up to date on First Watch Restaurant Gr analyst ratings.

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Delving into First Watch Restaurant Gr's Background

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.

Key Indicators: First Watch Restaurant Gr's Financial Health

Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.

Revenue Growth: First Watch Restaurant Gr displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 14.68%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.

Net Margin: First Watch Restaurant Gr's net margin is impressive, surpassing industry averages. With a net margin of 2.98%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): First Watch Restaurant Gr's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 1.27%, the company may face hurdles in achieving optimal financial performance.

Return on Assets (ROA): First Watch Restaurant Gr's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.57%, the company may face hurdles in achieving optimal financial performance.

Debt Management: First Watch Restaurant Gr's debt-to-equity ratio is below the industry average at 1.06, reflecting a lower dependency on debt financing and a more conservative financial approach.

The Basics of Analyst Ratings

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: FWRG