First Watch Restaurant Group Reports Quarterly Earnings, Falls Short of Expectations

First Watch Restaurant Group (NASDAQ:FWRG) released its quarterly earnings results on Thursday. The company announced earnings per share (EPS) of $0.03 for the quarter, which was $0.02 less than the analysts' consensus estimate of $0.05. Additionally, First Watch reported a revenue of $251.61 million during the quarter, falling short of the expected $256.17 million. The firm's net margin stood at 2.51%, while it recorded a return on equity of 4.24%. Compared to the previous year, First Watch's revenue saw a substantial increase of 14.8%. In the same period last year, the firm had reported earnings of $0.09 EPS.

First Watch Stock Performance

In mid-day trading on Friday, First Watch Restaurant Group's stock decreased by $0.38, bringing it down to $20.45. The trading volume for the company was 546,230 shares, which is lower than the average volume of 580,472. The company's financial ratios include a current ratio of 0.57, a quick ratio of 0.52, and a debt-to-equity ratio of 0.33. First Watch has experienced a twelve-month low of $12.90 and a high of $25.98. The stock's 50-day moving average price is $15.82, and the 200-day moving average price is $17.42. The market capitalization of First Watch Restaurant Group is approximately $1.24 billion, with a price-to-earnings ratio of 52.72, a PEG ratio of 4.71, and a beta of 0.85.

Analyst Insights on First Watch

About First Watch Restaurant Group

First Watch Restaurant Group, Inc. operates and franchises restaurants under the brand name First Watch across the United States. The company was previously named AI Fresh Super Holdco, Inc. before rebranding to its current name in December 2019. Since its establishment in 1983, the firm has been based in Bradenton, Florida.

FirstWatch, Earnings, Stock