First Watch Restaurant Group, Inc. (FWRG)
NASDAQ: FWRG · Real-Time Price · USD
11.49
+0.15 (1.32%)
At close: May 22, 2026, 4:00 PM EDT
11.27
-0.22 (-1.91%)
After-hours: May 22, 2026, 7:02 PM EDT
FWRG Stock Forecast
Stock Price Forecast
According to 12 analysts polled by S&P Global, FWRG stock has a consensus rating of "Strong Buy" and an average price target of $19. The average 1-year stock price forecast is 65.36% higher than the current stock price, while the lowest is $14 (+21.85%) and the highest is $22 (+91.47%).
Price Target: $19 (+65.36%)
Analyst Consensus: Strong Buy
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
| Rating | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 7 | 8 | 9 | 9 |
| Buy | 5 | 4 | 4 | 4 | 4 | 3 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 9 | 11 | 12 | 13 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stephens & Co. | Stephens & Co. | Buy Reiterates $21 | Buy | Reiterates | $21 | +82.77% | May 6, 2026 |
| TD Cowen | TD Cowen | Strong Buy Maintains $18 → $17 | Strong Buy | Maintains | $18 → $17 | +47.95% | May 5, 2026 |
| DA Davidson | DA Davidson | Strong Buy Maintains $17 | Strong Buy | Maintains | $17 | +47.95% | Apr 28, 2026 |
| Benchmark | Benchmark | Strong Buy Maintains $24 → $22 | Strong Buy | Maintains | $24 → $22 | +91.47% | Apr 20, 2026 |
| DA Davidson | DA Davidson | Strong Buy Initiates n/a | Strong Buy | Initiates | n/a | n/a | Mar 6, 2026 |
Financial Forecast
Revenue This Year
1.41B
from 1.22B
Increased by 15.58%
Revenue Next Year
1.59B
from 1.41B
Increased by 12.38%
EPS This Year
0.16
from 0.31
Decreased by -49.69%
EPS Next Year
0.28
from 0.16
Increased by 79.01%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|
| High | 1.5B | 1.7B | ||||||
| Avg | 1.4B | 1.6B | ||||||
| Low | 1.3B | 1.5B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|
| High | 19.8% | 17.6% | ||||||
| Avg | 15.6% | 12.4% | ||||||
| Low | 9.4% | 5.1% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 0.22 | 0.37 | |||
| Avg | 0.16 | 0.28 | |||
| Low | 0.10 | 0.13 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | -28.9% | 135.6% | |||
| Avg | -49.7% | 79.0% | |||
| Low | -68.4% | -18.3% |
Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.