From MarketBeat:

First Watch Restaurant Group’s stock had its “hold” rating reaffirmed by research analysts at Stifel Nicolaus in a report released on Thursday, Benzinga reports. They have a $20.00 price target on the stock, indicating a potential upside of 4.11% from the company’s previous close.

The company last posted its earnings results on Wednesday, November 1st. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.05. The company had revenue of $219.20 million during the quarter, compared to analysts’ expectations of $216.54 million. The company’s revenue for the quarter was up 17.3% on a year-over-year basis.

In related news, Director William A. Kussell and CEO Christopher Anthony Tomasso sold shares of the company’s stock in separate transactions. Insiders own 4.50% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Institutional investors and hedge funds own 96.11% of the company’s stock.

First Watch Restaurant Group, Inc operates and franchises restaurants under the First Watch trade name in the United States. The company was founded in 1983 and is headquartered in Bradenton, Florida.

Read more: First Watch Restaurant Group (NASDAQ:FWRG) Given Hold Rating at Stifel Nicolaus