Stephens believes First Watch Restaurant (FWRG) shares should be “up meaningfully today” after the company “sizable beats” to consensus estimates on Q3 same-store sales, store development, and adjusted EBITDA. The firm, which is also “encouraged” by the increased FY25 sales outlook and bolstered adjusted EBITDA guidance, has an Overweight rating and $24 price target on the shares.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FWRG:
- First Watch Reports Strong Q3 2025 Financial Results
- First Watch Restaurant reports Q3 EPS 5c, consensus 7c
- First Watch Restaurant sees FY25 revenue growth of 20.0%-21.0%
- First Watch Restaurant Group, Inc. (FWRG) Q3 Earnings Cheat Sheet
- First Watch Restaurant price target raised to $24 from $22 at BofA