First Watch Shares Rally 1.00% Amid Mixed Earnings

First Watch(FWRG) shares rose to their highest level since May 2025 today, with an intraday gain of 1.00%.

First Watch has seen stronger traffic, which could positively influence the stock price. However, the company reported a net loss of $829,000 and lower-than-expected revenue for the first quarter of 2025. This mixed performance may impact investor sentiment.

Analysts have set a consensus target price of $21.36 for First Watch, indicating market optimism and potentially affecting stock movement. This target price reflects the expectations of market experts and could influence investor decisions.

First Watch's shares recently crossed above their 200-day moving average, reaching as high as $17.84. This technical indicator suggests a potential bullish trend for the stock, which could attract more investors and drive up the share price.