First Watch Restaurant Group, Inc. (FWRG)
| Market Cap | 854.91M -18.5% |
| Revenue (ttm) | 1.35B +15.6% |
| Net Income | 19.61M +294.7% |
| EPS | 0.31 +287.7% |
| Shares Out | 61.73M |
| PE Ratio | 44.60 |
| Forward PE | 56.19 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,421,231 |
| Open | 13.23 |
| Previous Close | 12.86 |
| Day's Range | 12.94 - 14.00 |
| 52-Week Range | 9.88 - 18.77 |
| Beta | 1.00 |
| Analysts | Strong Buy |
| Price Target | 18.90 (+36.46%) |
| Earnings Date | Nov 3, 2026 |
About FWRG
First Watch Restaurant Group, Inc., through its subsidiaries, operates and franchises restaurants under the First Watch trade name in the United States. The company was formerly known as AI Fresh Super Holdco, Inc. and changed its name to First Watch Restaurant Group, Inc. in December 2019. First Watch Restaurant Group, Inc. was founded in 1983 and is based in Bradenton, Florida.
Financial Performance
In 2025, FWRG's revenue was $1.22 billion, an increase of 20.34% compared to the previous year's $1.02 billion. Earnings were $19.43 million, an increase of 2.68%.
Financial StatementsAnalyst Summary
According to 10 analysts, the average rating for FWRG stock is "Strong Buy." The 12-month stock price target is $18.9, which is an increase of 36.46% from the latest price.
News
First Watch Restaurant Group Press release: FY 2026
First Watch Restaurant Group issued a press release on November 12, 2026, disclosing material business information to investors.
First Watch Restaurant Group, Inc. to Host Inaugural Investor Day on Thursday, November 12th to Share Strategic Growth Vision
BRADENTON, Fla., Nov. 09, 2026 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and ...
First Watch Restaurant price target raised to $21 from $20 at Guggenheim
Guggenheim analyst Gregory Francfort raised the firm’s price target on First Watch Restaurant (FWRG) to $21 from $20 and keeps a Buy rating on the shares.
First Watch Restaurant price target raised to $18 from $17 at Freedom Capital
Freedom Capital raised the firm’s price target on First Watch Restaurant (FWRG) to $18 from $17 and keeps a Buy rating on the shares. Earnings beat expectations in Q3, while…
First Watch Restaurant Group Earnings Call Transcript: Q3 2026
Q3 revenue rose 10.7% and Adjusted EBITDA increased 17%, with same-restaurant sales up 1% amid lower traffic. FY26 Adjusted EBITDA guidance moved to the top of its prior range, and the long-term growth target increased to above 15%.
First Watch Restaurant Group Earnings release: Q3 2026
First Watch Restaurant Group released its Q3 2026 earnings on November 3, 2026, summarizing the period's financial results.
First Watch Restaurant Group Slides: Q3 2026
First Watch Restaurant Group has posted slides in relation to its Q3 2026 quarterly earnings report, which was published on November 3, 2026.
First Watch Restaurant Group Quarterly report: Q3 2026
First Watch Restaurant Group has published its Q3 2026 quarterly earnings report on November 3, 2026.
First Watch Restaurant Group, Inc. Reports Q3 2026 Financial Results
Same-Restaurant Sales Growth of 1.0% Total revenues increased 10.7% Net income of $4.8 million and Adjusted EBITDA of $39.7 million 16 new System-wide restaurants opened in 11 states BRADENTON, Fla., ...
First Watch Restaurant price target lowered to $17 from $19 at BofA
BofA lowered the firm’s price target on First Watch Restaurant (FWRG) to $17 from $19 and keeps a Buy rating on the shares. The firm fine-tuned estimates and adjusted price…
First Watch Restaurant price target lowered to $19 from $20 at Citi
Citi analyst Jon Tower lowered the firm’s price target on First Watch Restaurant (FWRG) to $19 from $20 and keeps a Buy rating on the shares.
First Watch Restaurant Group, Inc. to Report Third Quarter 2026 Financial Results on November 3, 2026
BRADENTON, Fla., Oct. 20, 2026 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and ...
First Watch Restaurant price target lowered to $18 from $20 at Raymond James
Raymond James lowered the firm’s price target on First Watch Restaurant (FWRG) to $18 from $20 and keeps a Strong Buy rating on the shares. The firm, which names First…
First Watch Restaurant price target lowered to $18 from $21 at Stephens
Stephens lowered the firm’s price target on First Watch Restaurant (FWRG) to $18 from $21 and keeps an Overweight rating on the shares. The firm adjusted estimates ahead of Q3…
First Watch Restaurant price target lowered to $15 from $17 at DA Davidson
DA Davidson lowered the firm’s price target on First Watch Restaurant (FWRG) to $15 from $17 but keeps a Buy rating on the shares. The firm notes that its recent…
First Watch Restaurant Group Transcript: Piper Sandler 5th Annual Growth Frontiers Conference
Updated long-term targets prioritize sustainable growth and free cash flow, with disciplined expansion across diverse markets and continued strong new store productivity. Marketing efforts have significantly boosted brand awareness, while menu innovation and operational improvements support ongoing margin management and customer engagement.
First Watch Restaurant Group, Inc. to Participate in Two September Investor Conferences
BRADENTON, Fla., Aug. 27, 2026 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and ...
First Watch Restaurant price target lowered to $20 from $21 at Guggenheim
Guggenheim lowered the firm’s price target on First Watch Restaurant (FWRG) to $20 from $21 and keeps a Buy rating on the shares after tweaking down the firm’s 2026 EBITDA…
First Watch Restaurant price target lowered to $20 from $21 at Citi
Citi analyst Jon Tower lowered the firm’s price target on First Watch Restaurant (FWRG) to $20 from $21 and keeps a Buy rating on the shares.
First Watch Restaurant Group Slides: Corporate presentation
First Watch Restaurant Group has posted slides in relation to its latest quarterly earnings report, which was published on August 4, 2026.
First Watch Restaurant Group Earnings Call Transcript: Q2 2026
Q2 saw 15.2% revenue growth, strong new restaurant performance, and improved margins. Guidance for 2026 was raised, with continued positive sales expected despite margin pressure from premium offerings. Long-term strategy shifts to balance growth and free cash flow.
First Watch Restaurant Group Earnings release: Q2 2026
First Watch Restaurant Group released its Q2 2026 earnings on August 4, 2026, summarizing the period's financial results.
First Watch Restaurant Group Quarterly report: Q2 2026
First Watch Restaurant Group has published its Q2 2026 quarterly earnings report on August 4, 2026.
First Watch Restaurant Group Slides: Q2 2026
First Watch Restaurant Group has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on August 4, 2026.
First Watch Restaurant Group, Inc. Reports Q2 2026 Financial Results
Same-Restaurant Sales Growth of 3.4% Total revenues increased 15.2% Net income of $2.3 million and Adjusted EBITDA of $34.5 million 18 new System-wide restaurants opened in 15 states