First Watch Restaurant Group Inc (FWRG)

Currency in USD
12.23
-0.22(-1.77%)
Closed·
12.20-0.03(-0.24%)
·
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Fair Value
Day's Range
11.9912.53
52 wk Range
9.9719.53
Key Statistics
Prev. Close
12.23
Open
12.5
Day's Range
11.99-12.53
52 wk Range
9.97-19.53
Volume
844K
Average Volume (3m)
1.28M
1-Year Change
-28.0588%
Book Value / Share
10.27
Fair Value
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Fair Value Upside
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FWRG Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
19.45
Upside
+59.07%
Members' Sentiments
Bearish
Bullish
ProTips
Trading at a low P/E ratio relative to near-term earnings growth
Show more

Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Technical Indicators
Strong Sell
Moving Averages
Sell

Analyst Ratings

10 Buy
0 Hold
0 Sell
Ratings:
10 analysts
Overall Consensus
Strong Buy

Analysts 12-Month Price Target:

Average 19.45
(+59.07% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Freedom Capital
Buy17.00+39.00%-New Coverage30/06/2026
Stifel
Hold14.00+14.47%15.00Maintain05/05/2026
TD Cowen
Buy17.00+39.00%18.00Maintain05/05/2026
DA Davidson
Buy17.00+39.00%17.00Maintain28/04/2026
BofA Securities
Buy19.00+55.36%20.00Maintain24/04/2026

First Watch Restaurant Group Inc SWOT Analysis


Expansion Momentum
First Watch demonstrates resilience through positive comparable sales and strategic geographic expansion, outperforming struggling family dining peers
Valuation Opportunity
Analysts set price targets ranging from $19 to $22, with an average around $20.50, highlighting significant upside from current undervalued trading levels
Demographic Edge
The company's focus on affluent, older customers provides pricing power and spending stability that competitors targeting value-conscious diners cannot match
Growth Trajectory
Robust unit economics and proven concept portability across diverse markets position the company to deliver sustained EBITDA expansion through operational leverage
Read full SWOT analysis

First Watch Restaurant Group Inc Earnings Call Summary for Q1/2026

  • Q1 revenue hit $331M (up 17.3% YoY), beating forecast by $1.57M; EPS loss of $0.04 missed estimate of $0.03 by 33%
  • Stock plunged 6.72% in pre-market to $12.22, down 32% over six months, trading near 52-week low of $10.09
  • Same-restaurant sales grew 2.8% despite 2% traffic decline; launched first major menu overhaul in over a decade
  • Restaurant-level profit margin improved to 18.5% from 17.5%; adjusted EBITDA rose 22.2% to $27.8M
  • Reaffirmed FY2026 guidance of 1-3% same-restaurant sales growth; opened 16 new locations focusing on core and emerging markets
Last Updated: 05/05/2026, 14:14
Read Full Transcript

Earnings

Latest Release
05/05/2026
EPS / Forecast
-0.04 / -0.03
Revenue / Forecast
331M / 329.43M
EPS Revisions
Last 90 days

Compare FWRG to Peers and Sector

Metrics to compare
FWRG
Peers
Sector
Relationship
P/E Ratio
42.9x17.6x10.5x
PEG Ratio
0.67−0.090.02
Price/Book
1.2x3.3x1.4x
Price / LTM Sales
0.6x1.3x0.9x
Upside (Analyst Target)
63.5%18.8%29.8%
Fair Value Upside
Unlock8.4%13.5%Unlock

First Watch Restaurant Group, Inc., through its subsidiaries, operates and franchises restaurants under the First Watch trade name in the United States. The company was formerly known as AI Fresh Super Holdco, Inc. and changed its name to First Watch Restaurant Group, Inc. in December 2019. First Watch Restaurant Group, Inc. was founded in 1983 and is based in Bradenton, Florida.

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
30.07M48.78%367.76M
Other Institutional Investors
38.47M51.22%470.46M
Public Companies & Retail Investors
0.000.00%0.00
Total
68.54M100.00%838.21M

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
BlackRock, Inc.6.61%4,071,74549,797
BNY Asset Management6.40%3,946,63048,267

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FAQ

What Is the First Watch Restaurant (NASDAQ: FWRG) Share Price Today?

The First Watch Restaurant stock price today is 12.23 USD.

What Stock Exchange Does First Watch Restaurant (FWRG) Trade On?

First Watch Restaurant is listed and trades on the Nasdaq Stock Exchange.

What Is the Ticker (Stock Symbol) for First Watch Restaurant?

The stock symbol (also called a 'ticker') for First Watch Restaurant is "FWRG."

What Is the Current First Watch Restaurant Market Capitalisation?

As of today, First Watch Restaurant (NASDAQ: FWRG) market cap is 753.92M USD.

What Is First Watch Restaurant's (FWRG) Earnings Per Share (TTM)?

The First Watch Restaurant EPS is currently 0.28 (Trailing Twelve Months).

When Is the Next First Watch Restaurant Earnings Date?

First Watch Restaurant's next earnings report will be released on 11/08/2026.

Is FWRG a Buy or Sell From a Technical Analyst Perspective?

Based on today's First Watch Restaurant moving averages and other technical indicators, the daily buy/sell signal for FWRG stock is Strong Sell.

How Many Times Has First Watch Restaurant Stock Split?

First Watch Restaurant has split 0 times. (See the FWRG stock split history page for full effective split date and price information.)

How Many Employees Does First Watch Restaurant Have?

First Watch Restaurant has 17500 employees, based on their latest Companies House report.

What is the current trading status of First Watch Restaurant (NASDAQ: FWRG)?

As of 21/07/2026, First Watch Restaurant (FWRG) is trading at a share price of 12.23 USD, with a previous close of 12.23 USD. The stock has fluctuated within a day range of 11.99 USD to 12.53 USD, while its 52-week range spans from 9.97 USD to 19.53 USD.

What Is First Watch Restaurant (FWRG) Price Target According to Analysts?

The average 12-month price target for First Watch Restaurant is 19.45 USD, with a high estimate of 22 USD and a low estimate of 17 USD. 10 analysts recommend buying the stock, while 0 suggest selling, leading to an overall rating of Strong Buy. The stock has an +59.07% Upside potential.

What Is the FWRG After Hours Price?

FWRG's last after hours stock price is 12.20 USD, the stock has decreased by -0.03, or -0.24%.
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