Skip to main content

First Watch Restaurant Group, Inc. (FWRG) Stock Forecast

Data as of Jun 17, 2026

Consumer Cyclical · Current price $11.54 (-0.52%)

Consensus Target
$17.33
Upside
+40.4%
Analysts
11
Rating
Buy(2.00)

Price Target Range

Low $14.00Consensus $17.33High $19.00
▲ Current $11.54

Consensus Price Target Over Time

Analyst Rating Distribution

Last 3 Months

Consensus
Buy
Strong Buy0
Buy5
Hold0
Sell0
Strong Sell0

6-Month Trend

Latest Analyst Forecasts

Price targets issued by Wall Street analysts. Upside calculated against today's price.

DateAnalystFirmPrice TargetUpside
Feb 24, 2026Brian MullanPiper Sandler$19.00+64.6%
May 7, 2025Chris O'CullStifel Nicolaus$17.00+47.3%
May 7, 2025Brian VaccaroRaymond James$21.00+82.0%
May 7, 2025Brian MullanPiper Sandler$20.00+73.3%
Mar 11, 2025Jeffrey BernsteinBernstein$21.00+82.0%
Nov 11, 2024Brian MullanPiper Sandler$23.00+99.3%
Oct 16, 2024Jim SaleraStephens$20.00+73.3%
Jul 2, 2024Chris O'CullStifel Nicolaus$18.00+56.0%
May 7, 2024Andy BarishJefferies$28.00+142.6%

FWRG vs Sector & Market

MetricFWRGConsumer Cyclical AvgLarge Cap Avg
Analyst Rating2.002.522.40
Analyst Count111319
Target Upside+40.4%+387.3%+17.1%
P/E Ratio42.3913.7531.64

Revenue Estimates

PeriodLowAvgHigh#
2026-12-28$1.37B$1.39B$1.40B8
2027-03-28$365M$371M$377M3
2027-06-28$391M$397M$403M3
2027-09-28$384M$391M$397M6
2027-12-28$392M$398M$405M5
2028-03-28$407M$413M$420M4
2028-06-28$437M$444M$451M3
2028-09-28$426M$432M$439M2
2028-12-28$451M$458M$465M2
2029-12-28$1.97B$1.99B$2.01B2
2030-12-28$2.23B$2.25B$2.27B2

EPS Estimates

PeriodLowAvgHigh#
2026-12-28$0.09$0.20$0.307
2027-03-28$0.00$0.00$0.002
2027-06-28$0.12$0.13$0.132
2027-09-28$0.08$0.09$0.092
2027-12-28$0.09$0.10$0.102
2028-03-28$0.03$0.03$0.034
2028-06-28$0.18$0.18$0.184
2028-09-28$0.09$0.09$0.094
2028-12-28$0.18$0.18$0.184
2029-12-28$0.40$0.41$0.411
2030-12-28$0.53$0.54$0.551

Frequently Asked Questions

What is the analyst consensus for FWRG?

The consensus among 11 analysts covering First Watch Restaurant Group, Inc. (FWRG) is Buy with an average price target of $17.33.

What is the highest price target for FWRG?

The highest price target for FWRG is $28.00, set by Andy Barish at Jefferies on 2024-05-07.

What is the lowest price target for FWRG?

The lowest price target for FWRG is $17.00, set by Chris O'Cull at Stifel Nicolaus on 2025-05-07.

How many analysts cover FWRG?

11 analysts have issued ratings for First Watch Restaurant Group, Inc. in the past 12 months.

Is FWRG a buy or sell right now?

Based on 11 analyst ratings, FWRG has a consensus rating of Buy (2.00/5) with a +40.4% upside to the consensus target of $17.33.

What are the earnings estimates for FWRG?

Analysts estimate FWRG will report EPS of $0.20 for the period ending 2026-12-28, with revenue estimated at $1.39B.

Data updated daily. Analyst price targets sourced from public filings and broker reports. Not investment advice.