Cowen & Co. analyst Andrew Charles maintains First Watch Restaurant Gr (NASDAQ:FWRG) with a Market Perform and lowers the price target from $22 to $15.
First Watch Restaurant Gr (NASDAQ:FWRG) reported quarterly losses of $(0.08) per share which met the analyst consensus estimate. The company reported quarterly sales of $162.62 million which beat the analyst consensus
The U.S. IPO market was red-hot in 2021. The total number of traditional U.S. IPOs hit its highest level since the dot-com boom in the late 1990s, while total IPO deal value reached record levels last year.
Bank of America restaurant analyst Sara Senatore recently attended the ICR 2022 conference and viewed presentations from 39 different restaurants. On Thursday, Senatore said the industry will continue to face unique challenges in 2022.
Raymond James analyst Brian Vaccaro initiates coverage on First Watch Restaurant Gr (NASDAQ:FWRG) with a Outperform rating and announces Price Target of $24.