The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how sit-down dining stocks fared in Q4, starting with Cracker Barrel (NASDAQ:CBRL).
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the sit-down dining industry, including The Cheesecake Factory (NASDAQ:CAKE) and its peers.
Shares of breakfast restaurant chain First Watch Restaurant Group (NASDAQ:FWRG)
jumped 7.7% in the morning session after TD Cowen upgraded the stock's rating from Hold to Buy and assigned a price target of $22, which implied a potential 20% upside. The firm anticipated improvements in same-store sales due to "more effective" marketing. This upgrade suggested that TD Cowen felt there was a decent possibility of an upward surprise to FWRG's growth projection, which could translate to improved investor sentiment.
Looking back on sit-down dining stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Brinker International (NYSE:EAT) and its peers.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at First Watch (NASDAQ:FWRG) and its peers.
Shares of breakfast restaurant chain First Watch Restaurant Group (NASDAQ:FWRG)
fell 4.7% in the afternoon session after the company delivered mixed fourth-quarter results: EPS fell short, and full-year EBITDA guidance came in slightly below Wall Street estimates.
Breakfast restaurant chain First Watch Restaurant Group (NASDAQ:FWRG) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 7.6% year on year to $263.3 million. Its GAAP profit of $0.01 per share was in line with analysts’ consensus estimates.
Restaurants are go-to meeting hubs for friends, family, and colleagues. They’re also more insulated from online competition, which has led to a steady demand versus other retail-oriented businesses like department stores.
This has been appreciated by the market as the industry was up 8.7% over the past six months compared to 6.5% for the S&P 500.
First Watch trades at $19.33 and has moved in lockstep with the market. Its shares have returned 5.9% over the last six months while the S&P 500 has gained 10.4%.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how sit-down dining stocks fared in Q3, starting with BJ's (NASDAQ:BJRI).
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the sit-down dining industry, including First Watch (NASDAQ:FWRG) and its peers.
Breakfast restaurant chain First Watch Restaurant Group (NASDAQ:FWRG) missed Wall Street’s revenue expectations in Q3 CY2024, but sales rose 14.8% year on year to $251.6 million. Its GAAP profit of $0.03 per share was also 36.3% below analysts’ consensus estimates.
Breakfast restaurant chain First Watch Restaurant Group (NASDAQ:FWRG)
will be reporting results tomorrow before market open. Here’s what investors should know.
