First Watch Restaurant Group, Inc. (FWRG)
NASDAQ: FWRG · Real-Time Price · USD
12.35
+0.17 (1.40%)
Mar 23, 2026, 4:00 PM EDT - Market closed

FWRG Stock Forecast

Stock Price Forecast

The 11 analysts that cover FWRG stock have a consensus rating of "Strong Buy" and an average price target of $20.64, which forecasts a 67.13% increase in the stock price over the next year. The lowest target is $17 and the highest is $24.

Price Target: $20.64 (+67.13%)
Analyst Consensus: Strong Buy
TargetLowAverageMedianHigh
Price$17$20.64$21$24
Change+37.65%+67.13%+70.04%+94.33%

Analyst Ratings

The average analyst rating for FWRG stock 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

RatingOct '25Nov '25Dec '25Jan '26Feb '26Mar '26
Strong Buy555578
Buy555444
Hold000000
Sell000000
Strong Sell000000
Total10101091112

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
DA Davidson
DA Davidson
Strong Buy
Initiates
n/a
Strong BuyInitiatesn/an/aMar 6, 2026
Citigroup
Citigroup
Strong Buy
Maintains
$26$21
Strong BuyMaintains$26$21+70.04%Feb 25, 2026
Barclays
Barclays
Buy
Maintains
$19$17
BuyMaintains$19$17+37.65%Feb 25, 2026
Guggenheim
Guggenheim
Strong Buy
Maintains
$23$21
Strong BuyMaintains$23$21+70.04%Feb 25, 2026
Stephens & Co.
Stephens & Co.
Buy
Maintains
$24$21
BuyMaintains$24$21+70.04%Feb 25, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
1.41B
from 1.22B
Increased by 15.58%
Revenue Next Year
1.59B
from 1.41B
Increased by 12.81%
EPS This Year
0.19
from 0.31
Decreased by -37.92%
EPS Next Year
0.32
from 0.19
Increased by 64.95%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026FY 2027
Period EndingDec 26, 2021Dec 25, 2022Dec 31, 2023Dec 29, 2024Dec 28, 2025Dec 31, 2026Dec 31, 2027
Revenue
601.19M730.16M891.55M1.02B1.22B1.41B1.59B
Revenue Growth
75.59%21.45%22.10%13.95%20.34%15.58%12.81%
EPS
-0.040.110.410.300.310.190.32
EPS Growth
--272.73%-26.83%3.33%-37.92%64.95%
Forward PE
-----64.1738.90
No. Analysts
-----1312
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue20262027202820292030
High1.5B1.7B
Avg1.4B1.6B
Low1.3B1.5B

Revenue Growth

Revenue Growth20262027202820292030
High
20.7%
18.2%
Avg
15.6%
12.8%
Low
10.3%
6.3%

EPS Forecast

EPS20262027202820292030
High0.330.54
Avg0.190.32
Low0.100.13

EPS Growth

EPS Growth20262027202820292030
High
5.0%
178.3%
Avg
-37.9%
65.0%
Low
-68.4%
-33.8%
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.