First Watch Restaurant Group Inc (FWRG)

Currency in USD
13.12
-0.38(-2.81%)
Closed·
13.120.00(0.00%)
·
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Fair Value
Day's Range
12.8413.49
52 wk Range
9.8818.77
Key Statistics
Prev. Close
13.5
Open
13.33
Day's Range
12.84-13.49
52 wk Range
9.88-18.77
Volume
1.92M
Average Volume (3m)
1.47M
1-Year Change
-26.8673%
Book Value / Share
10.43
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
18.50
Upside
+41.01%
Members' Sentiments
Bearish
Bullish
ProTips
RSI suggests the stock is in overbought territory
Show more

Technical Analysis

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

Analyst Ratings

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

Analysts 12-Month Price Target:

Average 18.50
(+41.01% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
DA Davidson
Buy17.00+29.57%15.00Maintain04/11/2026
Raymond James
Buy18.00+37.20%20.00Maintain16/10/2026
DA Davidson
Buy15.00+14.33%17.00Maintain02/10/2026
DA Davidson
Buy17.00+29.57%-Maintain12/08/2026
Freedom Capital
Buy17.00+29.57%-New Coverage30/06/2026

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 Q3/2026

  • First Watch Q3 EPS of $0.08 doubled estimates of $0.04; revenue of $346.7M missed forecasts by 0.84%, shares rose 3.32% premarket to $13.38.
  • Same-restaurant sales grew 1.0% while traffic declined 1.9%; adjusted EBITDA jumped 17% to $39.7M with margin expanding to 11.4%.
  • Company raised long-term adjusted EBITDA growth target to above 15% through 2028, up from prior 11%-14% range.
  • Full-year 2026 guidance: ~2.0% same-store sales growth, ~13.5% revenue growth, ~$136M adjusted EBITDA, and 60 net new restaurants.
  • 2027 expansion to slow to 55 restaurant openings from 60 in 2026, reflecting shift toward flexible capital allocation and stronger free cash flow.
Last Updated: 03/11/2026, 13:48
Read Full Transcript

Earnings

Latest Release
03/11/2026
EPS / Forecast
0.08 / 0.04
Revenue / Forecast
346.72M / 349.67M
EPS Revisions
Last 90 days

Compare FWRG to Peers and Sector

Metrics to compare
FWRG
Peers
Sector
Relationship
P/E Ratio
42.5x13.5x9.4x
PEG Ratio
0.150.330.02
Price/Book
1.3x2.9x1.4x
Price / LTM Sales
0.6x1.1x0.8x
Upside (Analyst Target)
41.0%16.9%30.4%
Fair Value Upside
Unlock5.0%13.7%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
27.14M43.97%366.34M
Other Institutional Investors
40.25M56.03%543.38M
Public Companies & Retail Investors
0.000.00%0.00
Total
67.39M100.00%909.72M

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
BlackRock, Inc.7.49%4,624,19062,427
Manulife Asset Management6.20%3,823,98251,624

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FAQ

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

The First Watch Restaurant stock price today is 13.12 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 833.31M USD.

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

The First Watch Restaurant EPS is currently 0.32 (Trailing Twelve Months).

When Is the Next First Watch Restaurant Earnings Date?

First Watch Restaurant's next earnings report will be released on 09/03/2027.

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 Buy.

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 19000 employees, based on their latest Companies House report.

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

As of 05/11/2026, First Watch Restaurant (FWRG) is trading at a share price of 13.12 USD, with a previous close of 13.50 USD. The stock has fluctuated within a day range of 12.84 USD to 13.49 USD, while its 52-week range spans from 9.88 USD to 18.77 USD.

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

The average 12-month price target for First Watch Restaurant is 18.50 USD, with a high estimate of 22 USD and a low estimate of 15 USD. 10 analysts recommend buying the stock, while 0 suggest selling, leading to an overall rating of Strong Buy. The stock has an +41.01% Upside potential.

What Is the FWRG Premarket Price?

FWRG's last pre-market stock price is 13.31 USD. The pre-market share volume is 20.00, and the stock has decreased by -0.19, or -1.41%.
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