First Watch Restaurant Group (FWRG) to Release Earnings on Tuesday

First Watch Restaurant Group (NASDAQ:FWRG) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Tuesday, May 6th. Analysts expect First Watch Restaurant Group to post earnings of $0.04 per share and revenue of $282.98 million for the quarter. First Watch Restaurant Group has set its FY 2025 guidance at EPS.

First Watch Restaurant Group (NASDAQ:FWRG) last issued its earnings results on Tuesday, March 11th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $263.30 million during the quarter, compared to analyst estimates of $262.82 million. First Watch Restaurant Group had a return on equity of 3.61% and a net margin of 2.09%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the business earned $0.04 EPS. On average, analysts expect First Watch Restaurant Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

First Watch Restaurant Group Stock Down 2.4 %

NASDAQ:FWRG opened at $18.93 on Tuesday. The business’s fifty day moving average price is $18.22 and its 200 day moving average price is $18.69. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 57.37, a PEG ratio of 3.38 and a beta of 1.02. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.32. First Watch Restaurant Group has a 1-year low of $12.90 and a 1-year high of $25.98.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Bank of America increased their price target on shares of First Watch Restaurant Group from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. TD Securities upgraded shares of First Watch Restaurant Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $21.00 to $22.00 in a research report on Tuesday, April 1st. Sanford C. Bernstein set a $21.00 price target on shares of First Watch Restaurant Group in a report on Tuesday, March 11th. Benchmark reiterated a “buy” rating on shares of First Watch Restaurant Group in a report on Wednesday, March 12th. Finally, TD Cowen upgraded First Watch Restaurant Group from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, First Watch Restaurant Group currently has an average rating of “Buy” and an average target price of $22.73.

Insider Activity

In related news, insider Jay Anthony Wolszczak sold 5,743 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $16.81, for a total transaction of $96,539.83. Following the completion of the transaction, the insider now owns 37,768 shares of the company’s stock, valued at approximately $634,880.08. The trade was a 13.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher Anthony Tomasso sold 42,039 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $16.81, for a total value of $706,675.59. Following the completion of the sale, the chief executive officer now directly owns 389,832 shares in the company, valued at $6,553,075.92. This trade represents a 9.73 % decrease in their position. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by insiders.

About First Watch Restaurant Group

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.