Barclays analyst Jeffrey Bernstein raised the firm’s price target on First Watch Restaurant to $19 from $17 and keeps an Overweight rating on the shares. Restaurant comps were strong through Q4, albeit easing modestly in December, the analyst tells investors in a research note. And with the lap of omicron to start 2023, the sector’s resilience should prevail near term, adds the firm.
Published first on TheFly
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- First Watch Restaurant reports Q4 same-restaurant sales growth 7.7%
- First Watch Restaurant Group, Inc. Announces Preliminary Operational Metrics for the Fourth Quarter 2022 and Fiscal Year 2022
- First Watch Restaurant price target lowered to $17 from $20 at Barclays
- First Watch Restaurant Group, Inc. to Participate in the 25th Annual ICR Conference and the 12th Annual Jefferies Winter Restaurant, Foodservice, Gaming, Lodging & Leisure Summit
- Feel Good and Do Good With First Watch’s New Seasonally Inspired Menu
