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

Data as of May 2, 2026

Consumer Cyclical · Current price $13.12 (0.00%)

Consensus Target
$19.00
Upside
+44.8%
Analysts
8
Rating
Buy(2.00)

Price Target Range

Low $19.00High $19.00

Consensus Price Target Over Time

Analyst Rating Distribution

Last 3 Months

Consensus
Buy
Strong Buy0
Buy7
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+44.8%
May 7, 2025Chris O'CullStifel Nicolaus$17.00+29.6%
May 7, 2025Brian VaccaroRaymond James$21.00+60.1%
May 7, 2025Brian MullanPiper Sandler$20.00+52.4%
Mar 11, 2025Jeffrey BernsteinBernstein$21.00+60.1%
Nov 11, 2024Brian MullanPiper Sandler$23.00+75.3%
Oct 16, 2024Jim SaleraStephens$20.00+52.4%
Jul 2, 2024Chris O'CullStifel Nicolaus$18.00+37.2%
May 7, 2024Andy BarishJefferies$28.00+113.4%

FWRG vs Sector & Market

MetricFWRGConsumer Cyclical AvgLarge Cap Avg
Analyst Rating2.002.532.41
Analyst Count81318
Target Upside+44.8%+417.4%+14.9%
P/E Ratio42.6511.2031.19

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 8 analysts covering First Watch Restaurant Group, Inc. (FWRG) is Buy with an average price target of $19.00.

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?

8 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 8 analyst ratings, FWRG has a consensus rating of Buy (2.00/5) with a +44.8% upside to the consensus target of $19.00.

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.