First Watch Restaurant Group

FWRG · NASDAQ

$11.97−$0.19 (−1.56%)TodayMarket closed ·
Prev close $12.16

About FWRG

First Watch Restaurant Group, Inc. owns and operates restaurants. The company is headquartered in Bradenton, Florida and currently employs 17,500 full-time employees. The company went IPO on 2021-10-01. The firm is engaged in serving made-to-order breakfast, brunch and lunch using fresh ingredients. Its menu includes elevated executions of classic favorites alongside specialties, such as its Quinoa Power Bowl, Lemon Ricotta Pancakes, Chickichanga, Morning Meditation fresh juice and signature Million Dollar Bacon. The company operates and franchises restaurants in 29 states operating under the First Watch trade name, which are focused on made-to-order breakfast, brunch and lunch. The company uses a variety of marketing channels, including affiliate partnerships, social media interactions, digital marketing, direct mailers, public relations initiatives and local community sponsorships, e-mail communications, promotions and partnerships. The firm operates restaurants through its wholly owned subsidiary, First Watch Restaurants, Inc., and is a franchisor through its wholly owned subsidiary, First Watch Franchise Development Co.

Employees
17,500
Headquarters
Bradenton, Florida
Listed
Oct 1, 2021
Sector
Consumer Discretionary
Industry
Hotels, Restaurants & Leisure

FWRG key statistics

Market cap
750.42M
Price-earnings ratio
41.93
Dividend yield
—
Average volume
1.57M
Volume
608.72K
Open price
$12.26
High today
$12.40
Low today
$11.93
52 Week high
$18.82
52 Week low
$9.88

First Watch Restaurant Group (FWRG) at a glance

As of Oct 20, 2026, First Watch Restaurant Group (FWRG) shares are priced at $11.97, giving the company a market cap of 750.42M and a price-to-earnings ratio of 41.93.

Today the stock has traded between $11.93 and $12.40. The current price is 0.3% above the day's low and 3.5% below its high.

Volume so far is 608.72K shares, below the average of 1.57M shares a day.

Over the past year First Watch Restaurant Group has ranged from $9.88 to $18.82, and now sits 23% of the way up that range.

First Watch Restaurant Group met or beat analyst EPS estimates in 1 of the last 8 quarters. In Q2 FY26 it reported $0.04 per share against an estimate of $0.0458.

The average analyst price target is $19.89, 66.2% above the current price, from 9 recent ratings.

Analyst ratings

Latest rating from each analyst over the past 12 months

100%of 9 analyst ratings say Buy
  • Buy100.0%
  • Hold0.0%
  • Sell0.0%
Price target · 12 analystsAvg $19.89
Low
$17.17
Now
$11.97
High
$23.10

FWRG earnings

Earnings per share, reported against the analyst estimate

Beat the estimate in 1 of the last 8 quarters, by 236.6% on average.

  1. Q3 FY24: reported $0.034 per share against an estimate of $0.0462
  2. Q4 FY24: reported $0.01 per share against an estimate of $0.0213
  3. Q1 FY25: reported -$0.01 per share against an estimate of $0.0325
  4. Q2 FY25: reported $0.03 per share against an estimate of $0.0538
  5. Q3 FY25: reported $0.05 per share against an estimate of $0.0673
  6. Q4 FY25: reported $0.24 per share against an estimate of $0.0713
  7. Q1 FY26: reported -$0.04 per share against an estimate of -$0.0326
  8. Q2 FY26: reported $0.04 per share against an estimate of $0.0458

FWRG news

  • Press releaseGlobe Newswire

    First Watch Restaurant Group, Inc. to Report Third Quarter 2026 Financial Results on November 3, 2026

  • First Watch Restaurant Gr Reports Q2 2026 Results: Full Earnings Call Transcript

  • Press releaseGlobe Newswire

    First Watch Restaurant Group, Inc. to Participate in Two September Investor Conferences

  • Full Transcript: First Watch Restaurant Gr Q2 2026 Earnings Call

  • Press releaseGlobe Newswire

    First Watch Restaurant Group, Inc. Reports Q2 2026 Financial Results

  • Press releaseGlobe Newswire

    First Watch Restaurant Group, Inc. to Report Second Quarter 2026 Financial Results on August 4, 2026

  • Surbhi Jain

    Egg Prices Have Collapsed. Here's Which Stocks Could Win And Lose

  • Press releaseGlobe Newswire

    First Watch Restaurant Group, Inc. Reports Q1 2026 Financial Results

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Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.