First Watch Restaurant Group (FWRG) Stock Forecast, Price Target & Predictions
FWRG Stock Forecast
First Watch Restaurant Group stock forecast is as follows: an average price target of $21.00 (represents a 39.81% upside from FWRG’s last price of $15.02) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.
FWRG Price Target
The average price target for First Watch Restaurant Group (FWRG) is $21.00 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $28.00 to $17.00. This represents a potential 39.81% upside from FWRG's last price of $15.02.
FWRG Analyst Ratings
According to 6 Wall Street analysts, First Watch Restaurant Group's rating consensus is 'Buy'. The analyst rating breakdown for FWRG stock is 1 'Strong Buy' (16.67%), 5 'Buy' (83.33%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
First Watch Restaurant Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 02, 2024 | Chris O'Cull | Stifel Nicolaus | $18.00 | $16.95 | 6.19% | 19.84% |
| May 07, 2024 | Andy Barish | Jefferies | $28.00 | $21.85 | 28.15% | 86.42% |
| Jan 05, 2023 | - | Barclays | $17.00 | $13.48 | 26.11% | 13.18% |
| Aug 10, 2022 | - | Goldman Sachs | $21.00 | $17.94 | 17.06% | 39.81% |
| Apr 25, 2022 | - | Barclays | $16.00 | $12.27 | 30.40% | 6.52% |
The latest First Watch Restaurant Group stock forecast, released on Jul 02, 2024 by Chris O'Cull from Stifel Nicolaus, set a price target of $18.00, which represents a 6.19% increase from the stock price at the time of the forecast ($16.95), and a 19.84% increase from FWRG last price ($15.02).
First Watch Restaurant Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 2 |
| Avg Price Target | - | $18.00 | $23.00 |
| Last Closing Price | $15.02 | $15.02 | $15.02 |
| Upside/Downside | -100.00% | 19.84% | 53.13% |
In the current month, the average price target of First Watch Restaurant Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to First Watch Restaurant Group's last price of $15.02. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 27, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Aug 27, 2024 | Benchmark | - | Buy | Initialise |
| Jun 13, 2024 | Cowen & Co. | Hold | Hold | Hold |
| May 08, 2024 | Cowen & Co. | Market Perform | Market Perform | Hold |
| May 07, 2024 | Jefferies | Buy | Buy | Hold |
| Oct 18, 2023 | Raymond James | - | Strong Buy | Upgrade |
| Jan 05, 2023 | Barclays | Overweight | Overweight | Hold |
| Aug 10, 2022 | Goldman Sachs | Buy | Buy | Hold |
First Watch Restaurant Group's last stock rating was published by Cowen & Co. on Aug 27, 2024. The company gave FWRG a "Buy" rating, the same as its previous rate.
First Watch Restaurant Group Financial Forecast
First Watch Restaurant Group Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $244.63M | $219.21M | $216.30M | $211.41M | $185.75M | $186.85M | $184.45M | $173.11M | $86.81M | $157.44M |
| Avg Forecast | $329.50M | $325.80M | $330.70M | $315.90M | $298.57M | $293.13M | $298.29M | $285.24M | $264.94M | $259.16M | $257.65M | $245.03M | $237.20M | $216.54M | $210.65M | $207.78M | $186.93M | $181.13M | $174.61M | $168.74M | $159.84M | $151.58M |
| High Forecast | $342.42M | $338.57M | $343.66M | $328.28M | $310.27M | $304.63M | $309.98M | $296.42M | $275.33M | $267.68M | $267.75M | $254.64M | $239.47M | $225.03M | $218.91M | $215.93M | $194.26M | $188.23M | $180.76M | $174.68M | $165.47M | $156.92M |
| Low Forecast | $321.21M | $317.60M | $322.38M | $307.95M | $291.05M | $285.76M | $290.78M | $278.06M | $258.27M | $254.90M | $251.16M | $238.86M | $232.12M | $211.09M | $205.35M | $202.55M | $182.22M | $176.57M | $170.84M | $165.10M | $156.40M | $148.31M |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.01% | 1.03% | 1.02% | 0.99% | 1.03% | 1.06% | 1.03% | 0.54% | 1.04% |
First Watch Restaurant Group's average Quarter revenue forecast for Mar 24 based on 3 analysts is $245.03M, with a low forecast of $238.86M, and a high forecast of $254.64M. FWRG's average Quarter revenue forecast represents a 0.16% increase compared to the company's last Quarter revenue of $244.63M (Dec 23).
First Watch Restaurant Group EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $21.35M | $19.67M | $13.33M | $25.33M | $11.81M | $13.17M | $13.72M | $16.48M | $-18.53M | $15.57M |
| Avg Forecast | $18.14M | $17.94M | $18.21M | $17.39M | $16.44M | $16.14M | $16.42M | $15.70M | $14.59M | $14.27M | $14.19M | $13.49M | $13.06M | $11.92M | $11.60M | $11.44M | $10.29M | $9.97M | $9.61M | $7.10M | $8.80M | $8.35M |
| High Forecast | $18.85M | $18.64M | $18.92M | $18.07M | $17.08M | $16.77M | $17.07M | $16.32M | $15.16M | $14.74M | $14.74M | $14.02M | $13.18M | $12.39M | $12.05M | $11.89M | $10.70M | $10.36M | $9.95M | $8.53M | $9.11M | $8.64M |
| Low Forecast | $17.68M | $17.49M | $17.75M | $16.95M | $16.02M | $15.73M | $16.01M | $15.31M | $14.22M | $14.03M | $13.83M | $13.15M | $12.78M | $11.62M | $11.31M | $11.15M | $10.03M | $9.72M | $9.41M | $5.68M | $8.61M | $8.17M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.63% | 1.65% | 1.15% | 2.21% | 1.15% | 1.32% | 1.43% | 2.32% | -2.11% | 1.87% |
3 analysts predict FWRG's average Quarter EBITDA for Mar 24 to be $13.49M, with a high of $14.02M and a low of $13.15M. This is -36.82% lower than First Watch Restaurant Group's previous annual EBITDA (Dec 23) of $21.35M.
First Watch Restaurant Group Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $2.65M | $5.42M | $7.96M | $9.36M | $-486.00K | $46.00K | $2.71M | $4.64M | $13.21M | $783.00K |
| Avg Forecast | $3.12M | $5.62M | $16.24M | $9.99M | $1.67M | $3.33M | $12.30M | $8.60M | $1.52M | $2.87M | $7.65M | $6.06M | $2.61M | $2.74M | $4.93M | $5.46M | $2.08M | $2.41M | $2.53M | $2.04M | $-5.49M | $-397.46K |
| High Forecast | $3.28M | $5.91M | $17.07M | $10.50M | $1.75M | $3.50M | $12.92M | $9.04M | $1.60M | $4.60M | $8.04M | $6.37M | $3.91M | $2.88M | $5.18M | $5.74M | $2.18M | $2.53M | $2.65M | $2.45M | $-5.34M | $-386.32K |
| Low Forecast | $3.02M | $5.44M | $15.71M | $9.67M | $1.61M | $3.22M | $11.89M | $8.32M | $1.47M | $1.72M | $7.40M | $5.86M | $652.11K | $2.65M | $4.77M | $5.28M | $2.01M | $2.33M | $2.46M | $1.63M | $-5.75M | $-415.66K |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.97% | 1.61% | 1.71% | -0.23% | 0.02% | 1.07% | 2.27% | -2.40% | -1.97% |
First Watch Restaurant Group's average Quarter net income forecast for Mar 24 is $6.06M, with a range of $5.86M to $6.37M. FWRG's average Quarter net income forecast represents a 128.78% increase compared to the company's last Quarter net income of $2.65M (Dec 23).
First Watch Restaurant Group SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $29.95M | $25.18M | $25.28M | $22.70M | $21.77M | $21.69M | $21.94M | $19.56M | $42.02M | $17.02M |
| Avg Forecast | $40.35M | $39.90M | $40.50M | $38.69M | $36.56M | $35.90M | $36.53M | $34.93M | $32.45M | $31.74M | $31.55M | $30.01M | $29.05M | $26.52M | $25.80M | $25.45M | $22.89M | $22.18M | $21.38M | $8.61M | $19.57M | $18.56M |
| High Forecast | $41.93M | $41.46M | $42.09M | $40.20M | $38.00M | $37.30M | $37.96M | $36.30M | $33.72M | $32.78M | $32.79M | $31.18M | $29.33M | $27.56M | $26.81M | $26.44M | $23.79M | $23.05M | $22.14M | $10.33M | $20.26M | $19.22M |
| Low Forecast | $39.34M | $38.89M | $39.48M | $37.71M | $35.64M | $34.99M | $35.61M | $34.05M | $31.63M | $31.22M | $30.76M | $29.25M | $28.43M | $25.85M | $25.15M | $24.80M | $22.32M | $21.62M | $20.92M | $6.89M | $19.15M | $18.16M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 0.95% | 0.98% | 0.89% | 0.95% | 0.98% | 1.03% | 2.27% | 2.15% | 0.92% |
First Watch Restaurant Group's average Quarter SG&A projection for Mar 24 is $30.01M, based on 3 Wall Street analysts, with a range of $29.25M to $31.18M. The forecast indicates a 0.18% rise compared to FWRG last annual SG&A of $29.95M (Dec 23).
First Watch Restaurant Group EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.09 | $0.13 | $0.16 | $-0.01 | - | $0.05 | $0.08 | $0.23 | $0.01 |
| Avg Forecast | $0.05 | $0.09 | $0.26 | $0.16 | $0.03 | $0.05 | $0.20 | $0.14 | $0.02 | $0.05 | $0.12 | $0.10 | $0.04 | $0.04 | $0.08 | $0.09 | $0.03 | $0.04 | $0.04 | $0.05 | $-0.09 | $-0.01 |
| High Forecast | $0.05 | $0.09 | $0.27 | $0.17 | $0.03 | $0.06 | $0.21 | $0.14 | $0.03 | $0.07 | $0.13 | $0.10 | $0.06 | $0.05 | $0.08 | $0.09 | $0.03 | $0.04 | $0.04 | $0.05 | $-0.09 | $-0.01 |
| Low Forecast | $0.05 | $0.09 | $0.25 | $0.15 | $0.03 | $0.05 | $0.19 | $0.13 | $0.02 | $0.03 | $0.12 | $0.09 | $0.01 | $0.04 | $0.08 | $0.08 | $0.03 | $0.04 | $0.04 | $0.05 | $-0.09 | $-0.01 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.05% | 1.65% | 1.83% | -0.25% | 0.02% | 1.23% | 1.60% | -2.62% | -2.14% |
According to 6 Wall Street analysts, First Watch Restaurant Group's projected average Quarter EPS for Dec 23 is $0.04, with a low estimate of $0.01 and a high estimate of $0.06. This represents a -53.60% decrease compared to FWRG previous annual EPS of $0.09 (Sep 23).
First Watch Restaurant Group Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| DIN | Dine Brands Global | $30.44 | $62.63 | 105.75% | Buy |
| DENN | Denny's | $6.37 | $11.75 | 84.46% | Hold |
| PZZA | Papa John's | $49.60 | $82.89 | 67.12% | Buy |
| BLMN | Bloomin' Brands | $16.74 | $25.50 | 52.33% | Hold |
| FWRG | First Watch Restaurant Group | $15.02 | $21.00 | 39.81% | Buy |
| BJRI | BJ's Restaurants | $30.99 | $39.60 | 27.78% | Buy |
| CAKE | Cheesecake Factory | $37.37 | $40.77 | 9.10% | Buy |
| CHUY | Chuy's | $37.32 | $39.25 | 5.17% | Hold |
| EAT | Brinker | $70.39 | $55.30 | -21.44% | Hold |
FWRG Forecast FAQ
Is First Watch Restaurant Group a good buy?
Yes, according to 6 Wall Street analysts, First Watch Restaurant Group (FWRG) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 5 'Buy' recommendations, accounting for 100.00% of FWRG's total ratings.
What is FWRG's price target?
First Watch Restaurant Group (FWRG) average price target is $21 with a range of $17 to $28, implying a 39.81% from its last price of $15.02. The data is based on 6 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will First Watch Restaurant Group stock go up soon?
According to Wall Street analysts' prediction for FWRG stock, the company can go up by 39.81% (from the last price of $15.02 to the average price target of $21), up by 86.42% based on the highest stock price target, and up by 13.18% based on the lowest stock price target.
Can First Watch Restaurant Group stock reach $20?
FWRG's average twelve months analyst stock price target of $21 supports the claim that First Watch Restaurant Group can reach $20 in the near future.
What are First Watch Restaurant Group's analysts' financial forecasts?
First Watch Restaurant Group's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.18B (high $1.22B, low $1.15B), average EBITDA is $64.7M (high $67.24M, low $63.08M), average net income is $25.89M (high $27.21M, low $25.05M), average SG&A $143.92M (high $149.56M, low $140.3M), and average EPS is $0.415 (high $0.436, low $0.401). FWRG's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.3B (high $1.35B, low $1.27B), average EBITDA is $71.68M (high $74.49M, low $69.87M), average net income is $34.98M (high $36.76M, low $33.84M), average SG&A $159.43M (high $165.68M, low $155.42M), and average EPS is $0.56 (high $0.589, low $0.542).
Did the FWRG's actual financial results beat the analysts' financial forecasts?
Based on First Watch Restaurant Group's last annual report (Dec 2023), the company's revenue was $891.55M, beating the average analysts forecast of $872.18M by 2.22%. Apple's EBITDA was $47.86M, missing the average prediction of $48.02M by -0.34%. The company's net income was $25.38M, beating the average estimation of $15.75M by 61.20%. Apple's SG&A was $103.12M, missing the average forecast of $106.81M by -3.45%. Lastly, the company's EPS was $0.41, beating the average prediction of $0.252 by 62.63%. In terms of the last quarterly report (Dec 2023), First Watch Restaurant Group's revenue was $244.63M, beating the average analysts' forecast of $237.2M by 3.13%. The company's EBITDA was $21.35M, beating the average prediction of $13.06M by 63.49%. First Watch Restaurant Group's net income was $2.65M, beating the average estimation of $2.61M by 1.52%. The company's SG&A was $29.95M, beating the average forecast of $29.05M by 3.11%. Lastly, the company's EPS was $0, missing the average prediction of $0.0418 by -100.00%