From Financial Modeling Prep: 2025-03-12 10:00:16

First Watch Restaurant Group, Inc. (NASDAQ:FWRG) is a popular daytime dining restaurant chain known for its breakfast, brunch, and lunch offerings across the United States, competing with chains like IHOP and Denny’s.

Benchmark upgraded FWRG’s stock to a “Buy” rating on March 12, 2025, with a price target increase from $24 to $26, reflecting confidence in the company’s future despite recent challenges.

Fiscal fourth-quarter results for 2024 showed an EPS of 1 cent, missing estimates, but revenue exceeded expectations with a 7.6% year-over-year increase to $263.3 million.

Despite facing a 0.3% decline in same-restaurant sales and a 3% decrease in traffic, FWRG’s stock price has remained resilient at $17.64, reflecting a 4.81% increase with fluctuations between $16.81 and $17.83.



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