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  5. FWRG
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FWRG

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    Overview
    Forecast
    Valuation
    Earnings
High
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Open
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VWAP
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Vol
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Mkt Cap
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Low
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Amount
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EV/EBITDA(TTM)
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Total Shares
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EV
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EV/OCF(TTM)
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P/S(TTM)
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Financial AI Agent
Financial AI Agent

Market Estimates

Earnings Estimates
Earnings Estimates
Revenue
YoY Chg
EPS
YoYChg
FY2025Q4
FY2026Q1
FY2026Q2
321.53M
+22.12%
0.083
+72.06%
336.29M
+19.15%
0.040
+644.67%
355.84M
+15.58%
0.111
+116.88%
Estimates Revision
The market is revising Upward the revenue expectations for First Watch Restaurant Group, Inc. (FWRG) for FY2025, with the revenue forecasts being adjusted by 0.78% over the past three months. During the same period, the stock price has changed by -2.69%.
Revenue Estimates for FY2025
Revise Upward
up Image
+0.78%
In Past 3 Month
EPS Estimates for FY2025
Revise Upward
up Image
+0.47%
In Past 3 Month
Stock Price
Go Down
down Image
-2.69%
In Past 3 Month
Wall Street analysts forecast FWRG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FWRG is 21.86 USD with a low forecast of 17.00 USD and a high forecast of 24.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
Wall Street analysts forecast FWRG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FWRG is 21.86 USD with a low forecast of 17.00 USD and a high forecast of 24.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 18.090
sliders
Low
17.00
Averages
21.86
High
24.00
Current: 18.090
sliders
Low
17.00
Averages
21.86
High
24.00
BofA
Sara Senatore
Buy
maintain
$22 -> $24
2025-10-24
Reason
BofA
Sara Senatore
Price Target
$22 -> $24
2025-10-24
maintain
Buy
Reason
BofA analyst Sara Senatore raised the firm's price target on First Watch Restaurant to $24 from $22 and keeps a Buy rating on the shares. After a Q2 earnings season that "seemed to hit the market like a bucket of cold water," investor enthusiasm for restaurants is "decidedly absent," says the analyst, who has also grown more cautious given the widening of macro pressures beyond the low-income cohort. For stocks trading at the low end of their historical valuation ranges, the firm expects the market to respond favorably to signs that earnings are intact, the analyst added in a group preview.
BofA
Sara Senatore
Buy
maintain
$21 -> $22
2025-08-06
Reason
BofA
Sara Senatore
Price Target
$21 -> $22
2025-08-06
maintain
Buy
Reason
BofA analyst Sara Senatore raised the firm's price target on First Watch Restaurant to $22 from $21 and keeps a Buy rating on the shares. The firm, which was "encouraged" by same-restaurant sales growth beating consensus, notes that its now r higher FY25 estimate of 3.3% growth is at the high end of First Watch's low-single digit growth guidance.
Stephens
Stephens
Overweight
maintain
$23 -> $24
2025-08-06
Reason
Stephens
Stephens
Price Target
$23 -> $24
2025-08-06
maintain
Overweight
Reason
Stephens raised the firm's price target on First Watch Restaurant to $24 from $23 and keeps an Overweight rating on the shares after the company reported "strong" Q2 results. Following earnings, the firm remains "constructive on the setup," citing First Watch's steady unit performance, expanding market reach, and improving cost clarity.
Benchmark
Buy
maintain
$22 -> $24
2025-08-06
Reason
Benchmark
Price Target
$22 -> $24
2025-08-06
maintain
Buy
Reason
Benchmark raised the firm's price target on First Watch Restaurant to $24 from $22 and keeps a Buy rating on the shares after same-store sales growth and revenue beat consensus in Q2. The firm cites accelerating traffic trends, and a greater retrenchment in commodity inflation pressures for the second half, for its raised target.
TD Cowen
Buy
maintain
$19 -> $21
2025-07-29
Reason
TD Cowen
Price Target
$19 -> $21
2025-07-29
maintain
Buy
Reason
TD Cowen raised the firm's price target on First Watch Restaurant to $21 from $19 and keeps a Buy rating on the shares. The firm updated its model ahead of Q2 results where they see slight downside to 2Q adj. EBITDA and risk that 2025E adj EBITDA guidance is lowered, though not by a large enough magnitude to materially alter consensus.
BofA
Buy
downgrade
$23 -> $21
2025-07-18
Reason
BofA
Price Target
$23 -> $21
2025-07-18
downgrade
Buy
Reason
BofA lowered the firm's price target on First Watch Restaurant to $21 from $23 and keeps a Buy rating on the shares. The firm is fine-tuning estimates for 20-plus companies across its restaurant coverage and also adjusting selected price targets to reflect estimate and market multiple changes ahead of earnings from the group.
See All Ratings

Valuation Metrics

The current forward P/E ratio for First Watch Restaurant Group Inc (FWRG.O) is 53.27, compared to its 5-year average forward P/E of 66.31. For a more detailed relative valuation and DCF analysis to assess First Watch Restaurant Group Inc 's fair value, click here.
  • Forward PE
  • Forward EV/EBITDA
  • Forward PS

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
Fair
5Y Average PE
66.31
Current PE
53.27
Overvalued PE
116.00
Undervalued PE
16.63

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
16.79
Current EV/EBITDA
0.00
Overvalued EV/EBITDA
20.22
Undervalued EV/EBITDA
13.36

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PS
1.09
Current PS
0.00
Overvalued PS
1.33
Undervalued PS
0.84
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AI Stock Picker

Financials

Annual
Quarterly
N/A
Total Revenue
N/A
Operating Profit
N/A
Net Income after Tax
N/A
EPS - Diluted
N/A
Free Cash Flow
N/A
Gross Profit Margin - %
N/A
FCF Margin - %
N/A
Net Margin - %
N/A
ROIC

Trading Trends

  • Insider
  • Hedge Fund
  • Congress Trading
Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
Bought
Hedge Fund
Hedge Funds are Neutral. There are no significant trading trends over the last quarter.
Sold
Bought
Congress Trading
Congress are Neutral. There are no significant trading trends over the last month.
Sold
Bought
Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
Bought
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FWRG News & Events

Events Timeline

(ET)
2025-11-06
09:20:46
First Watch Restaurant's 5.29M Share Spot Secondary Offered at $17.94
select
2025-11-05 (ET)
2025-11-05
16:42:51
First Watch to Offer 5.29 Million Shares of Common Stock to Investors
select
2025-11-04 (ET)
2025-11-04
07:42:10
Stephens Predicts Significant Growth for First Watch Restaurant Following Q3 Success
select
Sign Up For More Events
Sign Up For More Events

News

[object Object]
Preview
4.0
11-15WSJ
Restaurant Leaders Share Strategies for Attracting Customers During Tough Times
  • Rising Costs: Increasing bills and higher menu prices are making dining out less appealing.

  • Job Market Concerns: A shaky job market is prompting people to reconsider their spending habits, including eating out.

  • Leftovers Advantage: Eating dinner at home allows for the benefit of banking leftovers, which can save money.

  • Home Dining Benefits: The combination of financial pressures and the convenience of home-cooked meals is encouraging more people to dine at home.

[object Object]
Preview
2.0
11-11NASDAQ.COM
First Watch Restaurant Group (FWRG) Stock Surpasses 200-Day Moving Average
  • Stock Performance: FWRG's stock has a 52-week low of $12.90 and a high of $22.71, with the last trade recorded at $17.68.

  • Market Analysis: The article mentions other stocks that have recently crossed above their 200-day moving average, indicating potential market trends.

  • Author's Perspective: The views expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.

  • Investment Insight: The information provided may be useful for investors looking to analyze stock performance and market movements.

[object Object]
Preview
9.5
11-04NASDAQ.COM
First Watch Restaurant Group, Inc. Sees Profit Growth in Q3
  • Earnings Growth: First Watch Restaurant Group, Inc. reported a third-quarter earnings increase to $2.99 million, or $0.05 per share, compared to $2.11 million, or $0.03 per share, from the previous year.

  • Revenue Increase: The company's revenue rose by 25.6% to $316.02 million, up from $251.60 million in the same quarter last year.

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People Also Watch

FAQ

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What is First Watch Restaurant Group Inc (FWRG) stock price today?

The current price of FWRG is 18.09 USD — it has increased 0.89 % in the last trading day.

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What is First Watch Restaurant Group Inc (FWRG)'s business?

First Watch Restaurant Group, Inc. is a daytime dining concept company. The Company is engaged in serving made-to-order breakfast, brunch and lunch using fresh ingredients. Its menu includes elevated executions of classic favorites alongside specialties, such as its Quinoa Power Bowl, Lemon Ricotta Pancakes, Chickichanga, Morning Meditation fresh juice and signature Million Dollar Bacon. It operates and franchises restaurants in 29 states operating under the First Watch trade name, which are focused on made-to-order breakfast, brunch and lunch. It uses a variety of marketing channels, including affiliate partnerships, social media interactions, digital marketing, direct mailers, public relations initiatives and local community sponsorships, e-mail communications, promotions and partnerships. The Company operates restaurants through its wholly owned subsidiary, First Watch Restaurants, Inc., and is a franchisor through its wholly owned subsidiary, First Watch Franchise Development Co.

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What is the price predicton of FWRG Stock?

Wall Street analysts forecast FWRG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FWRG is 21.86 USD with a low forecast of 17.00 USD and a high forecast of 24.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

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What is First Watch Restaurant Group Inc (FWRG)'s revenue for the last quarter?

First Watch Restaurant Group Inc revenue for the last quarter amounts to 316.02M USD, increased 25.60 % YoY.

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What is First Watch Restaurant Group Inc (FWRG)'s earnings per share (EPS) for the last quarter?

First Watch Restaurant Group Inc. EPS for the last quarter amounts to 0.05 USD, increased 66.67 % YoY.

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What changes have occurred in the market's expectations for First Watch Restaurant Group Inc (FWRG)'s fundamentals?

The market is revising Upward the revenue expectations for First Watch Restaurant Group, Inc. (FWRG) for FY2025, with the revenue forecasts being adjusted by 0.78% over the past three months. During the same period, the stock price has changed by -2.69%.
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How many employees does First Watch Restaurant Group Inc (FWRG). have?

First Watch Restaurant Group Inc (FWRG) has 15000 emplpoyees as of December 05 2025.

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What is First Watch Restaurant Group Inc (FWRG) market cap?

Today FWRG has the market capitalization of 1.09B USD.

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