Barclays lifted their price objective on First Watch Restaurant Group from $19.00 to $21.00 in a report on Wednesday, May 3rd.

Source: https://www.etfdailynews.com/2023/05/24/first-watch-restaurant-group-inc-nasdaqfwrg-given-average-rating-of-moderate-buy-by-analysts/

Given First Watch Restaurant Group’s higher possible upside, equities research analysts clearly believe First Watch Restaurant Group is more favorable than FAT Brands.

Source: https://www.dailypolitical.com/2023/05/07/first-watch-restaurant-group-nasdaqfwrg-and-fat-brands-nasdaqfatbb-financial-review.html

Given First Watch Restaurant Group’s higher possible upside, equities research analysts clearly believe First Watch Restaurant Group is more favorable than FAT Brands.

Source: https://www.dailypolitical.com/2023/05/07/first-watch-restaurant-group-nasdaqfwrg-and-fat-brands-nasdaqfatbb-financial-review.html

On average, equities analysts forecast that First Watch Restaurant Group will post 0.3 EPS for the current year.

Source: https://www.etfdailynews.com/2023/05/24/first-watch-restaurant-group-inc-nasdaqfwrg-given-average-rating-of-moderate-buy-by-analysts/

Still, it is extremely impressive that First Watch is remaining at positive on-premise as this is a clear divergence from its peers in the casual dining space and even at many quick-service concepts.

Source: https://seekingalpha.com/article/4657266-first-watch-another-strong-quarter-amid-tough-macro-backdrop?source=feed_all_articles

This franchisee, we purchased the 6 stores that this franchisee had -- the 6 First Watch restaurants the franchisee had.

Source: https://seekingalpha.com/article/4599005-first-watch-restaurant-group-inc-fwrg-q1-2023-earnings-call-transcript?source=feed_all_articles