Benchmark raised the firm’s price target on First Watch Restaurant (FWRG) to $24 from $22 and keeps a Buy rating on the shares after same-store sales growth and revenue beat consensus in Q2. The firm cites accelerating traffic trends, and a greater retrenchment in commodity inflation pressures for the second half, for its raised target.
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Read More on FWRG:
- First Watch Restaurant price target raised to $24 from $23 at Stephens
- First Watch Restaurant price target raised to $22 from $21 at BofA
- First Watch Restaurant Group Hits 600 Locations, Reports Q2 Growth
- First Watch (FWRG) Earnings Call: Growth Amid Challenges
- First Watch Reports Q2 Revenue Growth and Expansion