First Watch Restaurant Group, Inc. (FWRG)
| Market Cap | 626.38M -34.8% |
| Revenue (ttm) | 1.32B +19.3% |
| Net Income | 17.81M +335.6% |
| EPS | 0.28 +376.9% |
| Shares Out | 61.71M |
| PE Ratio | 35.85 |
| Forward PE | 50.35 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 861,980 |
| Open | 10.11 |
| Previous Close | 10.14 |
| Day's Range | 9.88 - 10.34 |
| 52-Week Range | 9.88 - 18.82 |
| Beta | 1.03 |
| Analysts | Strong Buy |
| Price Target | 19.27 (+89.85%) |
| Est. Earnings | 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 11 analysts, the average rating for FWRG stock is "Strong Buy." The 12-month stock price target is $19.27, which is an increase of 89.85% from the latest price.
News
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
First Watch Restaurant Group, Inc. to Report Second Quarter 2026 Financial Results on August 4, 2026
BRADENTON, Fla., July 21, 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 initiated with a Buy at Freedom Capital
Freedom Capital analyst Lynne Collier initiated coverage of First Watch Restaurant (FWRG) with a Buy rating and $17 price target representing 31% upside. The firm sees an attractive valuation followin...
First Watch Restaurant appoints Ashlee Weisser as CFO
First Watch Restaurant (FWRG) announced the appointment of Ashlee Weisser to CFO effective June 8. She succeeds Mel Hope, who announced his planned retirement earlier this year and will continue…
First Watch Restaurant Group, Inc. Announces Appointment of Ashlee Weisser to Chief Financial Officer
BRADENTON, Fla., June 08, 2026 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (Nasdaq: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and ...
US airlines fuel costs soared in April to $6.5 billion
U.S. passenger airlines' fuel costs jumped 78% in April to nearly $6.5 billion over the same month last year as the conflict in the Middle East has sharply driven up fuel costs, the U.S. Transp...
3 ‘Strong Buy’ Small-Cap Stocks with 50%+ Upside Potential
Small-cap stocks often go unnoticed, but a few are grabbing Wall Street’s attention. Analysts are highlighting Mama’s Creations ($MAMA), Arlo Technologies ($ARLO), and First Watch Restaurant Group ($F...
First Watch Restaurant Group Transcript: AGM 2026
The meeting covered board updates, shareholder proposals, and voting outcomes, with all proposals—including director elections, executive compensation, and auditor ratification—approved. Shareholders participated virtually, and no relevant questions were raised during the Q&A.
First Watch Restaurant price target lowered to $14 from $15 at Stifel
Stifel analyst Chris O’Cull lowered the firm’s price target on First Watch Restaurant (FWRG) to $14 from $15 and keeps a Hold rating on the shares. The firm notes the…
First Watch Restaurant price target lowered to $17 from $18 at TD Cowen
TD Cowen lowered the firm’s price target on First Watch Restaurant (FWRG) to $17 from $18 and keeps a Buy rating on the shares. The company’s Q1 same-store sales of…
First Watch Restaurant Group Earnings Call Transcript: Q1 2026
Q1 2026 saw 17.3% revenue growth, 2.8% same-restaurant sales growth, and margin expansion, driven by new menu innovation and expanded digital marketing. Guidance for sales and EBITDA was reiterated or raised, with strong new restaurant performance and continued disciplined expansion.
First Watch Restaurant Group Earnings release: Q1 2026
First Watch Restaurant Group released its Q1 2026 earnings on May 5, 2026, summarizing the period's financial results.
First Watch Restaurant Group Quarterly report: Q1 2026
First Watch Restaurant Group has published its Q1 2026 quarterly earnings report on May 5, 2026.
First Watch Restaurant Group Slides: Q1 2026
First Watch Restaurant Group has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on May 5, 2026.
First Watch Restaurant Group, Inc. Reports Q1 2026 Financial Results
Same-restaurant sales growth of 2.8% Total revenues increased 17.3% Net loss of $(2.7) million and Adjusted EBITDA of $27.8 million 16 new system-wide restaurants opened in 11 states BRADENTON, Fla., ...
First Watch Restaurant price target lowered to $19 from $20 at BofA
BofA lowered the firm’s price target on First Watch Restaurant (FWRG) to $19 from $20 and keeps a Buy rating on the shares. The firm is updating estimates and price…