First Watch Restaurant price target raised to $21 from $19 at Barclays

Barclays analyst Jeffrey Bernstein raised the firm’s price target on First Watch Restaurant to $21 from $19 and keeps an Overweight rating on the shares. The company’s Q1 comp was better than expected, driven by traffic and check, the analyst tells investors in a research note. The firm says First Watch upped its guidance despite easing to-go sales.