BofA analyst Sara Senatore lowered the firm’s price target on First Watch Restaurant (FWRG) to $20 from $24 and keeps a Buy rating on the shares. After earnings, the firm lowered its Q1 and FY26 EBITDA estimates as it incorporates slower same-restaurant sales growth, adding that lower pricing translates into lower revenue and adjusted EBITDA.
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Read More on FWRG:
- First Watch Restaurant price target lowered to $21 from $26 at Citi
- First Watch Restaurant price target lowered to $17 from $19 at Barclays
- First Watch Restaurant price target lowered to $21 from $24 at Stephens
- First Watch Restaurant price target lowered to $19 from $22 at Piper Sandler
- First Watch Restaurant price target lowered to $18 from $21 at TD Cowen