First Watch Restaurant Group, Inc. FWRG
13.63 USD +0.68 (+5.25%)
At closeNov 3, 2026, 4:01 PM EST
13.63 0.00 0.00%
After hours · Nov 3, 4:01 PM ET
13.00 Day range 14.10
9.88 52-week range 18.77
- YTD
- -9.62%
- 1 year
- -14.01%
- Market cap
- 841.14M
- Revenue (ttm)
- 1.11B
- Profit margin
- 0.37%
- EPS (ttm)
- 0.28
- Shares out
- 61.02M
- P/E ratio
- 48.68
- Forward P/E
- 38.66
- YTD return
- -9.62%
- 1-year return
- -14.01%
- Volume
- 3.49M
- Avg volume
- 1.45M
- Open
- 13.00
- Previous close
- 12.95
- Day's range
- 13.00 – 14.10
- 52-week range
- 9.88 – 18.77
- Beta
- 0.87
- Analysts
- Strong Buy
- Price target
- 22.27 (+63.4%)
- Earnings date
- Feb 24, 2026
2Y -3.58 (-20.80%)
Key statistics
- Enterprise value
- 1.95B
- PEG ratio
- 0.00
- Price / sales
- 0.88
- Price / book
- 1.61
- Dividend yield
- 0.00%
- Payout ratio
- 0.00%
- Revenue growth
- 19.10%
- Free cash flow
- -54.43M
- Total cash
- 19.18M
- Total debt
- 959.10M
- Return on equity
- 0.69%
- Short % of float
- 14.26%
- 50-day average
- 17.19
- 200-day average
- 17.64
Analyst view
Consensus: strong buy
Strong buy
Price target (mean) 22.27 +63.4% upside
Now 13.63
- Target (low)
- 17.00
- Target (mean)
- 22.27
- Target (high)
- 26.00
Ratings (0m) 11 10 buy · 1 hold · 0 sell
- Strong buy2
- Buy8
- Hold1
- Sell0
- Strong sell0
Next earnings
Feb 24, 2026
Expected Feb 24, 2026. Consensus EPS estimate 0.0698.
Financials — quick view
FWRG Revenue — quarterly 354.67M
FWRG Net income — quarterly 2.34M
FWRG EPS — quarterly 0.04
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Feb 24, 2026 | Dec 1, 2025 | 0.08 | — | — | — |
| Nov 4, 2025 | Sep 1, 2025 | 0.08 | 0.05 | -0.03 | -37.50% |
| Aug 5, 2025 | Jun 1, 2025 | 0.07 | 0.03 | -0.04 | -57.14% |
| Aug 5, 2025 | Jun 1, 2025 | 0.07 | — | — | — |
| May 6, 2025 | Mar 1, 2025 | 0.04 | — | -0.05 | -125.00% |
| May 6, 2025 | Mar 1, 2025 | 0.04 | — | — | — |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 6, 2025 | Stephens & Co. | main | Overweight | Overweight |
| Aug 6, 2025 | Benchmark | main | Buy | Buy |
| Jul 29, 2025 | TD Cowen | main | Buy | Buy |
| Jul 18, 2025 | B of A Securities | main | Buy | Buy |
| Jul 17, 2025 | Raymond James | main | Strong Buy | Strong Buy |
| Jul 17, 2025 | Barclays | main | Overweight | Overweight |
About First Watch Restaurant Group, Inc.
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. The company was founded in 1983 and is based in Bradenton, Florida.
- Sector
- Consumer Cyclical
- Industry
- Restaurants
- Country
- United States
- Website
- firstwatch.com
News
First Watch Restaurant Group, Inc. (FWRG) Q3 2026 Earnings Call Transcript 
First Watch Restaurant Group Q3 Earnings Call Highlights 
First Watch Restaurant Group, Inc. (FWRG) Q3 Earnings Surpass Estimates 
First Watch Restaurant Gr Q3 2026 Earnings Call Transcript 
First Watch Restaurant Gr Narrows FY2026 Sales Guidance from $1.375B-$1.394B to $1.388B vs $1.388B Est - First Watch Restaurant Gr Q3 EPS $0.08 Beats $0.04 Estimate, Sales $349.900M Beat $348.814M Estimate
First Watch Restaurant Group, Inc. Reports Q3 2026 Financial Results - Citigroup Maintains Buy on First Watch Restaurant Gr, Lowers Price Target to $19
First Watch Restaurant Group, Inc. to Report Third Quarter 2026 Financial Results on November 3, 2026 
Prediction: These 3 Stocks Will 10X in the Next 20 Years
Your note
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| ADVENT INTERNATIONAL CORP. | Beneficial Owner of more than 10% of a Class of Security | Sale | Sep 7, 2025 | 0 |
| ADVENT INTERNATIONAL L P | Beneficial Owner of more than 10% of a Class of Security | Sale | Aug 7, 2025 | 0 |
| ALVAREZ RALPH | Director | Stock Award(Grant) | May 21, 2025 | 422,835 |
| BRITT IRENE CHANG | Director | Stock Award(Grant) | May 21, 2025 | 19,300 |
| FLEISHER MICHAEL D. | Director | Stock Award(Grant) | May 21, 2025 | 16,952 |
| JEMLEY CHARLES L | Director | Stock Award(Grant) | May 21, 2025 | 31,933 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Advent International LP | 24.07% | 14,689,784 | 232.83M | Jun 29, 2025 |
| Blackrock Inc. | 4.74% | 2,894,161 | 45.87M | Jun 29, 2025 |
| Vanguard Group Inc | 4.01% | 2,444,465 | 38.74M | Jun 29, 2025 |
| Dimensional Fund Advisors LP | 3.89% | 2,373,365 | 37.62M | Jun 29, 2025 |
| Manufacturers Life Insurance Co. | 3.83% | 2,335,883 | 37.02M | Jun 29, 2025 |
| Lazard Asset Management LLC | 3.74% | 2,281,137 | 36.16M | Jun 29, 2025 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| John Hancock Investment Trust-Small Cap Core Fund | 2.36% | 1,440,253 | 22.83M | Aug 30, 2025 |
| NEUBERGER BERMAN ALTERNATIVE FUNDS-Neuberger Berman Long Short Fund | 2.24% | 1,365,128 | 21.64M | Sep 29, 2025 |
| VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund | 2.06% | 1,257,176 | 19.93M | Jun 29, 2025 |
| JPMorgan Trust II-JPMorgan Small Cap Growth Fund | 2.05% | 1,253,791 | 19.87M | Jun 29, 2025 |
| iShares Trust-iShares Russell 2000 ETF | 1.80% | 1,101,232 | 17.45M | Sep 29, 2025 |
| Federated Hermes Equity Funds-Federated Hermes Kaufmann Small Cap Fund | 1.73% | 1,058,000 | 16.77M | Jul 30, 2025 |