First Watch Restaurant Group, Inc. (FWRG)
NASDAQ: FWRG · Real-Time Price · USD
12.97
+0.32 (2.53%)
At close: Aug 13, 2026, 4:00 PM EDT
13.22
+0.25 (1.93%)
After-hours: Aug 13, 2026, 7:41 PM EDT

FWRG Stock Forecast

Stock Price Forecast

According to 11 analysts polled by S&P Global, FWRG stock has a consensus rating of "Strong Buy" and an average price target of $19.27. The average 1-year stock price forecast is 48.57% higher than the current stock price, while the lowest is $17 (+31.07%) and the highest is $22 (+69.62%).

Price Target: $19.27 (+48.57%)
Analyst Consensus: Strong Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$17$19.27$20$22
Change+31.07%+48.57%+54.20%+69.62%

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

Chart
RatingMar '26Apr '26May '26Jun '26Jul '26Aug '26
Strong Buy999101010
Buy222211
Hold110000
Sell000000
Strong Sell000000
Total121211121111

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Guggenheim
Guggenheim
Buy
Reiterates
$21$20
BuyReiterates$21$20+54.20%Aug 7, 2026
Bank of America Securities
Bank of America Securities
Buy
Reiterates
$19
BuyReiterates$19+46.49%Aug 5, 2026
D.A. Davidson
D.A. Davidson
Buy
Maintains
$17
BuyMaintains$17+31.07%Aug 5, 2026
Benchmark Co.
Benchmark Co.
Buy
Maintains
$22
BuyMaintains$22+69.62%Aug 5, 2026
Citi
Citi
Buy
Maintains
$21$20
BuyMaintains$21$20+54.20%Aug 5, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
1.39B
from 1.22B
Increased by 13.61%
Revenue Next Year
1.55B
from 1.39B
Increased by 11.53%
EPS This Year
0.17
from 0.41
Decreased by -59.22%
EPS Next Year
0.25
from 0.17
Increased by 52.15%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 26, 2021Dec 25, 2022Dec 31, 2023Dec 29, 2024Dec 28, 2025Dec 31, 2026
Revenue
601.19M730.16M891.55M1.02B1.22B1.39B
Revenue Growth
75.59%21.45%22.10%13.95%20.34%13.61%
Gross Profit
127.55M144.95M197.29M223.11M247.39M264.87M
Gross Margin
21.22%19.85%22.13%21.96%20.24%19.07%
Operating Income
27.33M22.97M46.69M44.07M33.77M28.56M
Net Income
-2.11M6.91M25.39M18.93M19.43M6.11M
EPS
----0.410.17
EPS Growth
----8.21%-59.22%
Forward PE
201.9049.9545.1747.5850.1777.63
Free Cash Flow
25.23M-8.37M1.74M-38.30M-61.10M-8.50M
No. Analysts
-----11
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High1.4B
Avg1.4B
Low1.4B

Revenue Growth

Revenue Growth202620272028
High
13.9%
Avg
13.6%
Low
13.2%

EPS Forecast

EPS202620272028
High0.37
Avg0.17
Low0.09

EPS Growth

EPS Growth202620272028
High
-9.7%
Avg
-59.2%
Low
-78.0%