FIRST WATCH RESTAURANT GROUP (FWRG) Forecast, Price Target & Analyst Ratings

NASDAQ:FWRG • US33748L1017

Current stock price

10.76 USD
-0.18 (-1.65%)
At close:
10.76 USD
0 (0%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for FIRST WATCH RESTAURANT GROUP (FWRG).

Forecast Snapshot

Consensus Price Target

Price Target
$19.89
+ 84.85% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
May 4, 2026
Period
Q1 / 2026
EPS Estimate
-$0.03
Revenue Estimate
336.02M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
87.06%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$19.89
Upside
+ 84.85%
From current price of $10.76 to mean target of $19.89, Based on 17 analyst forecasts
Low
$15.15
Median
$20.40
High
$25.20

Price Target Revisions

1 Month
-12.09%
3 Months
-12.80%

Price Target Summary

17 Wall Street analysts provided a forecast for the next 12 months for FWRG. The average price target is 19.89 USD. This implies a price increase of 84.85% is expected in the next year compared to the current price of 10.76.
The average price target has been revised downward by 12.8% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

FWRG Current Analyst RatingFWRG Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6

Analyst Ratings History

FWRG Historical Analyst RatingsFWRG Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15

Analyst Ratings Consensus

ChartMill Buy Consensus
87.06%
FWRG was analyzed by 17 analysts. The buy percentage consensus is at 87. So analysts seem to be very confident about FWRG.
In the previous month the buy percentage consensus was at a similar level.
FWRG was analyzed by 17 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-03-06DA DavidsonInitiate Buy
2026-02-25GuggenheimMaintains Buy -> Buy
2026-02-25Stephens & Co.Maintains Overweight -> Overweight
2026-02-25BarclaysMaintains Overweight -> Overweight
2026-02-25CitigroupMaintains Buy -> Buy
2026-02-24TD CowenMaintains Buy -> Buy
2026-01-07BarclaysMaintains Overweight -> Overweight
2025-08-06BenchmarkMaintains Buy -> Buy
2025-08-06Stephens & Co.Maintains Overweight -> Overweight
2025-07-29TD CowenMaintains Buy -> Buy
2025-07-18B of A SecuritiesMaintains Buy -> Buy
2025-07-17BarclaysMaintains Overweight -> Overweight
2025-07-17Raymond JamesMaintains Strong Buy -> Strong Buy
2025-06-04TD SecuritiesReiterate Buy -> Buy
2025-05-08GuggenheimMaintains Buy -> Buy
2025-05-07BenchmarkMaintains Buy -> Buy
2025-05-07Stephens & Co.Maintains Overweight -> Overweight
2025-05-07Raymond JamesReiterate Strong Buy -> Strong Buy
2025-05-07TD SecuritiesMaintains Buy -> Buy
2025-05-07Piper SandlerMaintains Overweight -> Overweight
2025-05-06BarclaysMaintains Overweight -> Overweight
2025-04-24Stephens & Co.Reiterate Overweight -> Overweight
2025-04-22BarclaysMaintains Overweight -> Overweight
2025-04-01TD SecuritiesUpgrade Hold -> Buy
2025-03-20Stephens & Co.Reiterate Overweight -> Overweight

Next Earnings Forecast Details

Next Earnings Details

Release Date
May 4, 2026
Period
Q1 / 2026
EPS Estimate
-$0.03
Revenue Estimate
336.02M
Revenue Q2Q
19.05%
EPS Q2Q
-185.60%
Number of Analysts
14

Next Earnings Revisions

Revenue (1 Month)
-1.66%
Revenue (3 Months)
-1.97%
EPS (1 Month)
-256.60%
EPS (3 Months)
-200.43%

Next Earnings Summary

FWRG is expected to report earnings on 5/4/2026. The consensus EPS estimate for the next earnings is -0.03 USD and the consensus revenue estimate is 336.02M USD.
The next earnings revenue estimate has been revised downward by 1.97% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2033

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Revenue
YoY % growth
FWRG revenue by date.FWRG revenue by date.
891.551M
22.10%		1.016B
13.95%		1.223B
20.34%		1.413B
15.58%		1.594B
12.81%		1.8B
12.92%		1.99B
10.56%		2.229B
12.01%		2.397B
7.54%		2.653B
10.68%		2.927B
10.33%
EBITDA
YoY % growth
FWRG ebitda by date.FWRG ebitda by date.
89.629M
55.26%		102.795M
14.69%		108.837M
5.88%		140.66M
29.24%		165.43M
17.61%		187.96M
13.62%		221.44M
17.81%		255.31M
15.30%		254.22M
-0.43%		284.92M
12.08%		319.49M
12.13%
EBIT
YoY % growth
FWRG ebit by date.FWRG ebit by date.
48.406M
105.98%		45.08M
-6.87%		33.826M
-24.96%		35.773M
5.76%		50.721M
41.79%		65.16M
28.47%		49.572M
-23.92%		59.568M
20.16%		108.14M
81.54%		126.17M
16.67%		147.42M
16.84%
Operating Margin
FWRG operating margin by date.FWRG operating margin by date.
5.43%4.44%2.77%2.53%3.18%3.62%2.49%2.67%4.51%4.76%5.04%
EPS
YoY % growth
FWRG eps by date.FWRG eps by date.
0.41
241.67%		0.30
-25.85%		0.31
1.97%		0.19
-37.92%		0.32
64.95%		0.45
40.58%		0.31
-31.43%		0.42
36.67%		N/AN/AN/A

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27
EPS
Q2Q % growth		-0.03
-185.60%		0.09
196.11%		0.07
41.88%		0.05
-77.09%		0.00
89.29%		0.11
28.98%		0.10
39.94%		0.09
66.94%
Revenue
Q2Q % growth		336.02M
19.05%		359.73M
16.84%		355.37M
12.45%		362.47M
14.58%		378.35M
12.60%		404.86M
12.55%		398.4M
12.11%		406.13M
12.05%
EBITDA
Q2Q % growth		26.335M
32.94%		38.695M
-11.82%		38.305M
-41.72%		37.325M
-56.10%		33.031M
25.43%		45.408M
17.35%		44.328M
15.72%		43.286M
15.97%
EBIT
Q2Q % growth		783.023K
-75.93%		12.883M
40.23%		11.537M
1.48%		9.606M
-4.10%		5.384M
587.59%		16.665M
29.36%		15.671M
35.83%		14.937M
55.50%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

FWRG Yearly Revenue VS EstimatesFWRG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 500M 1B 1.5B 2B 2.5B
FWRG Yearly EPS VS EstimatesFWRG Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 0.1 0.2 0.3 0.4

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
12.91%
EPS Next 5 Year
6.17%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
13.05%
Revenue Next 5 Year
12.34%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
82.14%
EBIT Next 5 Year
52.35%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

FIRST WATCH RESTAURANT GROUP / FWRG Forecast FAQ

What is the average price target for FIRST WATCH RESTAURANT GROUP (FWRG) stock?

17 analysts have analysed FWRG and the average price target is 19.89 USD. This implies a price increase of 84.85% is expected in the next year compared to the current price of 10.76.

What is the next earnings date for FWRG stock?

FIRST WATCH RESTAURANT GROUP (FWRG) will report earnings on 2026-05-04.

What are the consensus estimates for FWRG stock next earnings?

The consensus EPS estimate for the next earnings of FIRST WATCH RESTAURANT GROUP (FWRG) is -0.03 USD and the consensus revenue estimate is 336.02M USD.

What is the expected long term growth rate for FWRG stock?

The expected long term growth rate for FIRST WATCH RESTAURANT GROUP (FWRG) is 13.05%.