First Watch Restaurant Group, Inc. (FWRG)

FWRG Stock Forecast

Stock Price Forecast

The 10 analysts with 12-month price forecasts for FWRG stock have an average target of 22.8, with a low estimate of 18 and a high estimate of 28. The average target predicts an increase of 15.91% from the current stock price of 19.67.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$18	$22.8	$23	$28
Change	-8.49%	+15.91%	+16.93%	+42.35%

Analyst Ratings

The average analyst rating for FWRG stock from 10 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25
Strong Buy	5	5	5	5	4	5
Buy	3	3	3	3	4	4
Hold	2	2	2	2	2	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	10	10	10	10	10	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Andrew Charles TD Securities	TD Securities	Hold → Strong Buy Upgrades $21 → $22	Hold → Strong Buy	Upgrades	$21 → $22	+11.85%	Apr 1, 2025
Jim Salera Stephens & Co.	Stephens & Co.	Buy Reiterates $24	Buy	Reiterates	$24	+22.01%	Mar 20, 2025
Dan Levy Barclays	Barclays	Buy Maintains $24 → $21	Buy	Maintains	$24 → $21	+6.76%	Mar 12, 2025
Jim Salera Stephens & Co.	Stephens & Co.	Buy Maintains $25 → $24	Buy	Maintains	$25 → $24	+22.01%	Mar 12, 2025
Sara Senatore B of A Securities	B of A Securities	Strong Buy Maintains $27 → $28	Strong Buy	Maintains	$27 → $28	+42.35%	Mar 12, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

1.23B

Increased by 21.47%

from 1.02B

Revenue Next Year

1.43B

Increased by 15.96%

from 1.23B

EPS This Year

0.36

Increased by 20.45%

from 0.30

EPS Next Year

0.50

Increased by 38.99%

from 0.36

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 27, 2020	Dec 26, 2021	Dec 25, 2022	Dec 31, 2023	Dec 29, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	342.39M	601.19M	730.16M	891.55M	1.02B	1.23B	1.43B	1.63B
Revenue Growth	-21.54%	75.59%	21.45%	22.10%	13.95%	21.47%	15.96%	13.63%
EPS	-1.10	-0.04	0.11	0.41	0.30	0.36	0.50	0.70
EPS Growth	-	-	-	272.73%	-26.83%	20.45%	38.99%	38.71%
Forward PE	-	-	-	-	-	54.44	39.17	28.23
No. Analysts	-	-	-	-	-	13	13	5

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	1.3B	1.5B	1.7B
Avg	1.2B	1.4B	1.6B
Low	1.2B	1.3B	1.5B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	26.2%	23.6%	20.8%
Avg	21.5%	16.0%	13.6%
Low	14.4%	7.5%	6.7%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	0.46	0.70	0.98
Avg	0.36	0.50	0.70
Low	0.29	0.37	0.49

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	54.0%	94.7%	94.2%
Avg	20.4%	39.0%	38.7%
Low	-2.0%	3.1%	-2.4%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.