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First Watch Restaurant Group (FWRG) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

FWRG Stock Forecast

First Watch Restaurant Group (FWRG) stock forecast, based on 8 Wall Street analysts, predicts a 12-month average price target of $21.50, with a high of $23.00 and a low of $20.00. This represents a 0.75% increase from the last price of $21.34.

$15 $17 $19 $21 $23 $25 $26 High: $23 Avg: $21.5 Low: $20 Last Closed Price: $21.34

FWRG Stock Rating

First Watch Restaurant Group stock's rating consensus is Buy, based on 8 Wall Street analysts. The breakdown includes 1 Strong Buy (12.50%), 7 Buy (87.50%), 0 Hold (0.00%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 8 0 7 1 Strong Sell Sell Hold Buy Strong Buy

FWRG Forecast vs Benchmarks

TypeNameUpside
StockFirst Watch Restaurant Group0.75%
SectorConsumer Cyclical Stocks 4.57%
IndustryRestaurants Stocks 7.75%

Price Target Trends

1M3M12M
# Anlaysts-14
Avg Price Target-$23.00$22.25
Last Closing Price$21.34$21.34$21.34
Upside/Downside-7.78%4.26%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 25272--11
Dec, 24272--11
Nov, 24572--14
Oct, 24572--14
Sep, 24562--13
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 11, 2024Brian MullanPiper Sandler$23.00$17.6630.24%7.78%
Oct 16, 2024Jim SaleraStephens$20.00$14.9733.60%-6.28%
Jul 02, 2024Chris O'CullStifel Nicolaus$18.00$16.956.19%-15.65%
May 07, 2024Andy BarishJefferies$28.00$21.8528.15%31.21%
Jan 05, 2023Barclays$17.00$13.4826.11%-20.34%
Aug 10, 2022Goldman Sachs$21.00$17.9417.06%-1.59%
Apr 25, 2022Barclays$16.00$12.2730.40%-25.02%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Nov 11, 2024Piper SandlerOverweightOverweighthold
Oct 16, 2024StephensOverweightinitialise
Oct 04, 2024Cowen & Co.UnderperformUnderperformhold
Aug 27, 2024Cowen & Co.BuyBuyhold
Aug 27, 2024BenchmarkBuyinitialise
Jun 13, 2024Cowen & Co.HoldHoldhold
May 08, 2024Cowen & Co.Market PerformMarket Performhold
May 07, 2024JefferiesBuyBuyhold
Oct 18, 2023Raymond JamesStrong Buyupgrade
Jan 05, 2023BarclaysOverweightOverweighthold

Financial Forecast

EPS Forecast

Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-0.04$0.12$0.41-----
Avg Forecast$-0.04$0.18$0.45$0.32$0.42$0.54$0.50$0.64
High Forecast$-0.04$0.17$0.44$0.30$0.37$0.43$0.49$0.62
Low Forecast$-0.04$0.18$0.47$0.36$0.48$0.67$0.51$0.65
Surprise %--33.33%-8.89%-----

Revenue Forecast

$500M $800M $1B $1B $2B $2B Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$601.19M$730.16M$891.55M-----
Avg Forecast$598.49M$731.32M$884.11M$1.02B$1.18B$1.34B$1.53B$1.73B
High Forecast$586.26M$720.74M$878.99M$995.34M$1.16B$1.34B$1.52B$1.69B
Low Forecast$630.06M$744.94M$886.38M$1.03B$1.20B$1.34B$1.54B$1.76B
Surprise %0.45%-0.16%0.84%-----

Net Income Forecast

$-5M $5M $15M $25M $35M $45M Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-2.11M$6.91M$25.39M-----
Avg Forecast$-2.54M$10.85M$27.95M$20.87M$25.33M$31.43M$31.20M$39.16M
High Forecast$-2.72M$10.65M$26.92M$18.10M$22.35M$26.58M$29.79M$38.14M
Low Forecast$-2.47M$11.11M$28.99M$21.72M$29.41M$40.85M$31.22M$39.96M
Surprise %-17.12%-36.35%-9.19%-----

FWRG Forecast FAQ

Is First Watch Restaurant Group stock a buy?

First Watch Restaurant Group stock has a consensus rating of Buy, based on 8 Wall Street analysts. The rating breakdown includes 1 Strong Buy, 7 Buy, 0 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that First Watch Restaurant Group is a favorable investment for most analysts.

What is First Watch Restaurant Group's price target?

First Watch Restaurant Group's price target, set by 8 Wall Street analysts, averages $21.5 over the next 12 months. The price target range spans from $20 at the low end to $23 at the high end, suggesting a potential 0.75% change from the previous close price of $21.34.

How does First Watch Restaurant Group stock forecast compare to the average forecast of its sector, industry, and investment themes?

First Watch Restaurant Group stock forecast shows a 0.75% upside, underperforming the average forecast for the consumer cyclical stocks sector (4.57%) and underperforming the restaurants stocks industry (7.75%).

What is the breakdown of analyst ratings for First Watch Restaurant Group over the past three months?

  • January 2025: 18.18% Strong Buy, 63.64% Buy, 18.18% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 18.18% Strong Buy, 63.64% Buy, 18.18% Hold, 0% Sell, 0% Strong Sell.
  • November 2024: 35.71% Strong Buy, 50.00% Buy, 14.29% Hold, 0% Sell, 0% Strong Sell.

What is First Watch Restaurant Group’s EPS forecast?

First Watch Restaurant Group's average annual EPS forecast for its fiscal year ending in December is 0.32 for 2024, a -21.95% decrease from the reported $0.41 in 2023. The prediction for 2025 is $0.42, $0.54 for 2026, $0.5 for 2027, and $0.64 for 2028.

What is First Watch Restaurant Group’s revenue forecast?

First Watch Restaurant Group's average annual revenue forecast for its fiscal year ending in December is $1.02B for 2024, a 13.94% increase from the reported $891.55M in 2023. The forecast for 2025 is $1.18B, $1.34B for 2026, $1.53B for 2027, and $1.73B for 2028.

What is First Watch Restaurant Group’s net income forecast?

For its fiscal year ending in December, First Watch Restaurant Group's average annual net income forecast is $20.87M for 2024, reflecting a -17.77% decrease from the reported $25.38M in 2023. The projection for 2025 is $25.33M, $31.42M for 2026, $31.2M for 2027, and $39.16M for 2028.