Missed NVDA?
Don’t Miss the Next One.
Join 5,000+ investors using Ticker Nerd’s Market Radar to stay ahead of major market moves, analyst upgrades, and trending opportunities — for free.
FWRG Stock Forecast 2026-2027
$12.08
Current Price
$744.67M
Market Cap
Buy 10
Hold 0
Sell 0
Wall St Analyst Ratings
Distance to FWRG Price Targets
+82.1%
To High Target of $22.00
+65.6%
To Median Target of $20.00
+40.7%
To Low Target of $17.00
FWRG Price Momentum
-3.0%
1 Week Change
+5.2%
1 Month Change
-28.8%
1 Year Change
-19.9%
Year-to-Date Change
-38.1%
From 52W High of $19.53
+21.2%
From 52W Low of $9.97
📊 TOP ANALYST CALLS
Did FWRG Make This Month's Elite Buy List?
We don't follow just any analyst — only the top 3% with a proven track record make our cut. See if First Watch is one of their latest high-conviction picks.
Latest FWRG Stock Price Targets & Analyst Predictions
Based on our analysis of 2 Wall Street analysts, FWRG has a bullish consensus with a median price target of $20.00 (ranging from $17.00 to $22.00). The overall analyst rating is Strong Buy (9.8/10). Currently trading at $12.08, the median forecast implies a 65.6% upside. This outlook is supported by 10 Buy, 0 Hold, and 0 Sell ratings.
Conversely, the most conservative target is provided by Lynne Collier at Freedom Capital Markets, suggesting a 40.7% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
FWRG Analyst Ratings
10
Buy
0
Hold
0
Sell
FWRG Price Target Range
Low
$17.00
Average
$20.00
High
$22.00
Current: $12.08
Latest FWRG Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for FWRG.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Jul 1, 2026 | Freedom Capital Markets | Lynne Collier | Buy | Initiates | $17.00 |
| Jun 3, 2026 | TD Cowen | Buy | Reiterates | $N/A | |
| May 6, 2026 | Stephens & Co. | Overweight | Reiterates | $N/A | |
| May 5, 2026 | TD Cowen | Buy | Maintains | $N/A | |
| Apr 28, 2026 | DA Davidson | Buy | Maintains | $N/A | |
| Apr 20, 2026 | Benchmark | Buy | Maintains | $N/A | |
| Mar 6, 2026 | DA Davidson | Buy | Initiates | $N/A | |
| Feb 25, 2026 | Citigroup | Buy | Maintains | $N/A | |
| Feb 25, 2026 | Barclays | Overweight | Maintains | $N/A | |
| Feb 25, 2026 | Guggenheim | Buy | Maintains | $N/A | |
| Feb 25, 2026 | Stephens & Co. | Overweight | Maintains | $N/A | |
| Feb 24, 2026 | TD Cowen | Buy | Maintains | $N/A | |
| Jan 7, 2026 | Barclays | Overweight | Maintains | $N/A | |
| Aug 6, 2025 | Stephens & Co. | Overweight | Maintains | $N/A | |
| Aug 6, 2025 | Benchmark | Buy | Maintains | $N/A | |
| Jul 29, 2025 | TD Cowen | Buy | Maintains | $N/A | |
| Jul 18, 2025 | B of A Securities | Buy | Maintains | $N/A | |
| Jul 17, 2025 | Raymond James | Strong Buy | Maintains | $N/A | |
| Jul 17, 2025 | Barclays | Overweight | Maintains | $N/A | |
| Jun 4, 2025 | TD Securities | Buy | Reiterates | $N/A |
First Watch Restaurant Group, Inc. (FWRG) Competitors
The following stocks are similar to First Watch based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
First Watch Restaurant Group, Inc. (FWRG) Financial Data
First Watch Restaurant Group, Inc. has a market capitalization of $744.67M with a P/E ratio of 43.1x. The company generates $1.27B in trailing twelve-month revenue with a 1.4% profit margin.
Revenue growth is +17.3% quarter-over-quarter, while maintaining an operating margin of +0.8% and return on equity of +2.9%.
Valuation Metrics
Market Cap
$744.67M
Enterprise Value
$1.76B
P/E Ratio
43.1x
PEG Ratio
0.1x
Price/Sales
0.6x
Growth & Margins
Revenue Growth (YoY)
+17.3%
Gross Margin
+19.2%
Operating Margin
+0.8%
Net Margin
+1.4%
EPS Growth
+17.3%
Financial Health
Cash/Price Ratio
+3.2%
Current Ratio
0.3x
Debt/Equity
164.3x
ROE
+2.9%
ROA
+1.3%
💡 SKIP THE NOISE
97% of Analyst Ratings Go Nowhere
We filter thousands of calls to find the few that actually matter. Get the top analyst buy ratings — tracked and updated every Monday and Thursday.
First Watch Restaurant Group, Inc. (FWRG) Business Model
About First Watch Restaurant Group, Inc.
What They Do
Operates a daytime dining restaurant chain.
Business Model
The company generates revenue through the operation and franchising of its First Watch restaurant locations, offering a menu focused on fresh, made-to-order breakfast, brunch, and lunch items. By emphasizing quality and a unique dining experience, First Watch attracts customers looking for healthier and more sophisticated meal options.
Additional Information
Founded in 1983 and headquartered in Bradenton, Florida, First Watch competes in the casual dining sector, particularly focusing on the daytime meal market. The company also has a fast-casual café concept named Sun & Fork by First Watch.
Company Information
Sector
Consumer Cyclical
Industry
Restaurants
Employees
17,500
CEO
Mr. Christopher A. Tomasso
Country
United States
IPO Year
2021
Website
www.firstwatch.comFirst Watch Restaurant Group, Inc. (FWRG) Latest News & Analysis
Featured Analysis
Powered by
Zacks Investment Research
Kura Sushi (KRUS) Q3 Earnings Top Estimates
Kura Sushi (KRUS) delivered earnings and revenue surprises of +160.00% and -0.40%, respectively, for the quarter ended May 2026. Do the numbers hold clues to what lies ahead for the stock?
Jul 07, 2026
By Zacks Equity Research
Tale of the Tape
Latest News
Quick Summary
Wholesale egg prices have decreased to pre-bird flu levels as production normalizes and inventories rebuild, indicating a reversal in inflation trends for this commodity.
Why It Matters
Falling wholesale egg prices signal easing inflation pressures, potentially influencing overall consumer prices and monetary policy, affecting investment strategies and market sentiment.
Source: Benzinga
Market Sentiment:
Neutral
Quick Summary
A company is projected to have a nearly 30% stock appreciation potential, supported by significant expansion opportunities and a unique business philosophy.
Why It Matters
The potential 30% stock appreciation signals strong growth prospects, while the expansion opportunities and unique business philosophy may attract more investors and enhance long-term value.
Source: The Motley Fool
Market Sentiment:
Positive
Quick Summary
First Watch Restaurant Group (FWRG) is rated a Modest Buy, with 18.3% revenue CAGR but compressed margins. Valuation is high at 78x forward P/E, indicating market optimism for future growth.
Why It Matters
First Watch Restaurant Group's strong growth potential and aggressive expansion are tempered by rising costs affecting margins. High valuations suggest market optimism on future profitability improvements.
Source: Seeking Alpha
Market Sentiment:
Positive
Quick Summary
Cava's success indicates increasing demand for health-focused, experience-driven restaurant brands, with three other brands also pursuing similar growth strategies.
Why It Matters
Cava's success signals a shift toward health-centric dining, indicating potential growth opportunities for similar brands and influencing market trends in the restaurant industry.
Source: The Motley Fool
Market Sentiment:
Positive
First Watch Restaurant Group, Inc. Announces Appointment of Ashlee Weisser to Chief Financial Officer
1 month ago
Quick Summary
First Watch Restaurant Group, Inc. has appointed Ashlee Weisser as Chief Financial Officer, effective June 8, 2026, succeeding Mel Hope, who will serve as an advisor during the transition.
Why It Matters
Leadership changes can impact a company's strategic direction and financial stability. Weisser's appointment could signal a shift in financial strategy for First Watch, affecting investor confidence and stock performance.
Source: GlobeNewsWire
Market Sentiment:
Neutral
Quick Summary
U.S. passenger airlines' fuel costs rose 78% in April to nearly $6.5 billion year-over-year, driven by increased prices due to the Middle East conflict, according to the U.S. Transportation Department.
Why It Matters
Rising fuel costs significantly impact airline profitability, potentially leading to higher ticket prices and lowered demand, affecting stock prices and overall market sentiment in the sector.
Source: Reuters
Market Sentiment:
Negative
Frequently Asked Questions About FWRG Stock
What is First Watch Restaurant Group, Inc.'s (FWRG) stock forecast for 2027?
Based on our analysis of 2 Wall Street analysts, First Watch Restaurant Group, Inc. (FWRG) has a median price target of $20.00. The highest price target is $22.00 and the lowest is $17.00.
Is FWRG stock a good investment in 2027?
According to current analyst ratings, FWRG has 10 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $12.08. Always conduct your own research and consider your investment goals before making investment decisions.
What is the long-term price prediction for FWRG stock?
Wall Street analysts predict FWRG stock could reach $20.00 in the next 12 months. This represents a 65.6% increase from the current price of $12.08. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is First Watch Restaurant Group, Inc.'s business model?
The company generates revenue through the operation and franchising of its First Watch restaurant locations, offering a menu focused on fresh, made-to-order breakfast, brunch, and lunch items. By emphasizing quality and a unique dining experience, First Watch attracts customers looking for healthier and more sophisticated meal options.
What is the highest forecasted price for FWRG First Watch Restaurant Group, Inc.?
The highest price target for FWRG is $22.00 from at , which represents a 82.1% increase from the current price of $12.08.
What is the lowest forecasted price for FWRG First Watch Restaurant Group, Inc.?
The lowest price target for FWRG is $17.00 from Lynne Collier at Freedom Capital Markets, which represents a 40.7% increase from the current price of $12.08.
What is the overall FWRG consensus from analysts for First Watch Restaurant Group, Inc.?
The overall analyst consensus for FWRG is bullish. Out of 2 Wall Street analysts, 10 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $20.00.
How accurate are FWRG stock price projections?
Stock price projections, including those for First Watch Restaurant Group, Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
Important Disclaimer
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Last updated: July 16, 2026 4:44 PM UTC