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First Watch shares near 52-week low ahead of Nov. 3 results

Investors are also looking to the company’s Nov. 12 Investor Day in Boston for signals on margins and debt reduction.

Reported · Written up by our desk · Previews

First Watch Restaurant Group stock is trading near a 52-week low despite continued expansion of its daytime dining chain, with the company operating 665 restaurants across 33 states, according to MarketBeat Ratings.

The outlet said the market is focused on whether First Watch can shift from a pure growth push to improving the balance sheet, with investors awaiting third-quarter results expected in early November.

MarketBeat Ratings added that the company will follow the earnings release with an Investor Day in Boston on Nov. 12, where management plans to provide more detail on its long-term vision and growth plans.

The preview also points to a tougher backdrop for restaurant stocks after the Federal Reserve raised interest rates for the first time in three years.

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