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Bank of America Securities Reaffirms Their Buy Rating on First Watch Restaurant Group (FWRG)

Tipranks - Tipranks - Thu Feb 26, 4:52AM CST

In a report released yesterday, Sara Senatore from Bank of America Securities maintained a Buy rating on First Watch Restaurant Group, with a price target of $24.00. The company’s shares closed yesterday at $12.32.

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According to TipRanks, Senatore is a 3-star analyst with an average return of 2.6% and a 49.45% success rate. Senatore covers the Consumer Cyclical sector, focusing on stocks such as Chipotle, Cracker Barrel, and Darden Restaurants.

Currently, the analyst consensus on First Watch Restaurant Group is a Strong Buy with an average price target of $21.33, a 73.13% upside from current levels. In a report released yesterday, Stephens also maintained a Buy rating on the stock with a $21.00 price target.

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Based on First Watch Restaurant Group’s latest earnings release for the quarter ending September 28, the company reported a quarterly revenue of $316.02 million and a net profit of $2.99 million. In comparison, last year the company earned a revenue of $251.61 million and had a net profit of $2.11 million

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