First Watch Restaurant Group, Inc. (FWRG)
NASDAQ (NGS) NASDAQ (NGS) Primary 
Is the Options Market Predicting a Spike in First Watch (FWRG) Stock?
Investors need to pay close attention to First Watch (FWRG) stock based on the movements in the options market lately.
First Watch Restaurant Group Inc (FWRG) Shares Down 4.33% on Oct 2
Shares of First Watch Restaurant Group Inc (FWRG, Financial) fell 4.33% in mid-day trading on Oct 2. The stock reached an intraday low of $14.31, before recovering slightly to $14.37, down from its previous close of $15.02.
First Watch Restaurant: Q2, Traffic Issues Are Likely Temporary (Rating Upgrade)
First Watch Restaurant Group's Q2 showed a considerable traffic decline, but solid underlying earnings growth from a growing scale and upkept pricing. First Watch adjusted its 2024 guidance to reflect weaker expected traffic, but the guidance shift is still likely a sign of weak industry traffic instead of company-specific weakness. Despite present risks in the investment case, FWRG's stock now represents an attractive risk-to-reward at a lower price.
First Watch Restaurant: A Non-Traditional Recipe For Dealing With Traffic
First Watch's strategy of avoiding value promotions in a price-sensitive market is risky, potentially leading to negative comparable sales in Q3 and Q4. The company's focus on menu innovations and premium pricing has helped maintain resilience, but hasn't fully offset declining traffic and average check growth. Recent acquisitions and debt levels are manageable, but continued high capital expenditures and economic risks could increase financial risk in the medium term.
First Watch Restaurant Group, Inc. (FWRG) Q2 2024 Earnings Call Transcript
First Watch Restaurant Group, Inc. (NASDAQ:FWRG ) Q2 2024 Earnings Conference Call August 6, 2024 8:00 AM ET Company Participants Steven Marotta – Vice President-Investor Relations Chris Tomasso – President and Chief Executive Officer Mel Hope – Chief Financial Officer Conference Call Participants Patrick Johnson – Stifel Brian M. Vaccaro – Raymond James Andy Barish – Jefferies Pratik Patel – Barclays Gregory Francfort – Guggenheim Securities Ali Arfstrom – Piper Sandler Katherine Griffin – Bank of America Karen Holthouse – Citi Operator Thank you for standing by, and welcome to the First Watch Restaurant Group, Inc. Second Quarter Earnings Conference Call occurring today, August 6, 2024, at 8:00 AM Eastern Time.
Compared to Estimates, First Watch Restaurant Group (FWRG) Q2 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for First Watch Restaurant Group (FWRG) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
First Watch Restaurant Group, Inc. (FWRG) Q2 Earnings and Revenues Top Estimates
First Watch Restaurant Group, Inc. (FWRG) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.13 per share a year ago.
Analysts Estimate First Watch Restaurant Group, Inc. (FWRG) to Report a Decline in Earnings: What to Look Out for
First Watch Restaurant Group (FWRG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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INVESTIGATION NOTICE: Kaskela Law LLC Announces Shareholder Investigation of First Watch Restaurant Group, Inc. (NASDAQ:FWRG) and Encourages Investors to Contact the Firm
PHILADELPHIA, PA / ACCESSWIRE / June 11, 2024 / Kaskela Law LLC announces that it is investigating First Watch Restaurant Group, Inc. (NASDAQ: FWRG) ("First Watch") on behalf of the company's shareholders. On May 7, 2024, shares of First Watch's common stock fell $3.62 per share, or over 14% in value, after the company reported disappointing financial and operational results for the 2024 First Quarter - including revenue below analysts' expectations and a lower quarterly earnings per share ("EPS") as compared the prior year's quarter.
