First Watch Restaurant Group, Inc. (NASDAQ:FWRG) Receives $19.58 Average PT from Brokerages

Shares of First Watch Restaurant Group, Inc. (NASDAQ:FWRG) have received a consensus recommendation of “Moderate Buy” from the thirteen analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $19.25.

Several brokerages have recently issued reports on FWRG. Weiss Ratings downgraded shares of First Watch Restaurant Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 27th. Stifel Nicolaus set a $14.00 price target on shares of First Watch Restaurant Group in a report on Tuesday. Piper Sandler reiterated an “overweight” rating and set a $19.00 price target on shares of First Watch Restaurant Group in a report on Tuesday, February 24th. Guggenheim lowered their price target on shares of First Watch Restaurant Group from $23.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Finally, TD Cowen lowered their price target on shares of First Watch Restaurant Group from $18.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday.

First Watch Restaurant Group News Roundup

Here are the key news stories impacting First Watch Restaurant Group this week:

• Positive Sentiment: Management backed full?year revenue guidance, which helped stabilize sentiment and was reported as a catalyst for gains after the print. Article Title
• Positive Sentiment: Q1 revenue grew 17.3% year?over?year, same?restaurant sales rose 2.8%, Adjusted EBITDA was $27.8M, and the company opened 16 new restaurants — operational metrics that support medium?term growth expectations. Article Title
• Neutral Sentiment: Full Q1 earnings call transcript and analyst writeups provide detail on small menu, marketing and expansion commentary — useful for modeling but not immediately directional. Earnings Call Transcript
• Neutral Sentiment: Company issued FY2026 revenue guidance of $1.3B–$1.4B (consensus ~$1.4B); reaffirming guidance is supportive, though the midpoint is slightly below some estimates — a mixed read for near?term upside. Press Release / Slide Deck
• Negative Sentiment: Q1 EPS missed consensus: reported a ($0.04) loss vs. the ($0.02) estimate; company posted a net loss of $2.7M — an earnings miss that likely pressured the stock despite revenue strength. Earnings Release
• Negative Sentiment: TD Cowen cut its price target from $18 to $17 (maintaining a “buy”), signaling reduced near?term upside even though the analyst still sees substantial upside from current levels. Analyst Note

Insider Activity at First Watch Restaurant Group

In other news, insider Matthew Eisenacher sold 6,070 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $12.59, for a total transaction of $76,421.30. Following the completion of the transaction, the insider directly owned 69,983 shares in the company, valued at approximately $881,085.97. This represents a 7.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laura Anne Sorensen sold 4,732 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $12.59, for a total transaction of $59,575.88. Following the transaction, the insider owned 239,050 shares of the company’s stock, valued at $3,009,639.50. This trade represents a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 68,013 shares of company stock valued at $853,606. 6.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FWRG. Deepwater Asset Management LLC grew its stake in shares of First Watch Restaurant Group by 14.8% in the third quarter. Deepwater Asset Management LLC now owns 724,714 shares of the company’s stock worth $11,335,000 after purchasing an additional 93,662 shares during the last quarter. Stephens Investment Management Group LLC grew its stake in shares of First Watch Restaurant Group by 21.2% in the third quarter. Stephens Investment Management Group LLC now owns 932,064 shares of the company’s stock worth $14,577,000 after purchasing an additional 163,102 shares during the last quarter. Ghisallo Capital Management LLC bought a new stake in shares of First Watch Restaurant Group in the third quarter worth $2,516,000. Penn Capital Management Company LLC grew its stake in shares of First Watch Restaurant Group by 11.9% in the third quarter. Penn Capital Management Company LLC now owns 1,125,353 shares of the company’s stock worth $17,642,000 after purchasing an additional 119,462 shares during the last quarter. Finally, Hodges Capital Management Inc. bought a new stake in shares of First Watch Restaurant Group in the third quarter worth $2,235,000. 96.11% of the stock is currently owned by institutional investors and hedge funds.

First Watch Restaurant Group Stock Down 0.2%

Shares of FWRG opened at $12.18 on Friday. First Watch Restaurant Group has a one year low of $10.09 and a one year high of $19.53. The company has a market cap of $750.53 million, a P/E ratio of 39.29, a P/E/G ratio of 3.30 and a beta of 1.11. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.29 and a quick ratio of 0.25. The firm has a 50 day simple moving average of $12.12 and a two-hundred day simple moving average of $15.08.

First Watch Restaurant Group (NASDAQ:FWRG) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). First Watch Restaurant Group had a net margin of 1.59% and a return on equity of 3.20%. The firm had revenue of $330.96 million for the quarter, compared to analyst estimates of $329.35 million. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. Research analysts forecast that First Watch Restaurant Group will post 0.24 EPS for the current fiscal year.

About First Watch Restaurant Group

First Watch Restaurant Group, Inc (NASDAQ: FWRG) operates a specialty daytime dining concept focused on breakfast, brunch and lunch. The company’s casual, full-service cafés emphasize fresh ingredients, made-to-order entrées and a seasonally driven menu that ranges from omelets and Benedicts to salads, skillets and afternoon sandwiches. First Watch positions itself as a daytime-only destination, with most locations opening early morning and closing by mid-afternoon.

Founded in 1983 by Ken Pendery and John Sullivan in Pacific Grove, California, First Watch began as a single café and gradually expanded through company-owned and select franchised locations.