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First Watch Restaurant Group - FWRG Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $21.09
  • Forecasted Upside: 16.59%
  • Number of Analysts: 11
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 8 Buy Ratings
  • 1 Strong Buy Ratings
$18.09 As of 12/4/2025 05:00 PM ET
▲ +0.16 (0.89%)

This chart shows the closing price for FWRG by one month, three months, or twelve months.

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Analyst Price Target for FWRG

Analyst Price Target is $21.09
▲ +16.59% Upside Potential
This price target is based on 11 analysts offering 12 month price targets for First Watch Restaurant Group in the last 3 months. The average price target is $21.09, with a high forecast of $24.00 and a low forecast of $17.00. The average price target represents a 16.59% upside from the last price of $18.09.

This chart shows the closing price for FWRG for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 11 investment analysts is to moderate buy stock in First Watch Restaurant Group. This rating has held steady since September 2025, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 1 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
6/12/2024
  • 1 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
9/10/2024
  • 1 strong buy ratings
  • 7 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
12/9/2024
  • 1 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
3/9/2025
  • 1 strong buy ratings
  • 8 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
6/7/2025
  • 1 strong buy ratings
  • 8 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
9/5/2025
  • 1 strong buy ratings
  • 8 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
11/4/2025
  • 1 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
12/4/2025

Latest Recommendations

  • 1 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
12/1/2025Weiss RatingsReiterated RatingHold (C-) ➝ Hold (C-)
11/25/2025Weiss RatingsReiterated RatingHold (C-) ➝ Hold (C-)
11/19/2025Weiss RatingsReiterated RatingHold (C-) ➝ Hold (C-)
11/13/2025Weiss RatingsReiterated RatingHold (C-) ➝ Hold (C-)
11/7/2025Weiss RatingsUpgradeSell (D+) ➝ Hold (C-)
10/24/2025Zacks ResearchUpgradeStrong Sell ➝ Hold
10/8/2025Weiss RatingsReiterated RatingSell (D+) ➝ Sell (D+)
10/6/2025Zacks ResearchDowngradeHold ➝ Strong Sell
9/27/2025Weiss RatingsReiterated RatingSell (D+) ➝ Sell (D+)
8/8/2025Zacks ResearchUpgradeHold
8/6/2025StephensBoost TargetOverweight ➝ Overweight$23.00 ➝ $24.00
8/6/2025BenchmarkBoost TargetBuy ➝ Buy$22.00 ➝ $24.00
7/29/2025TD CowenBoost TargetBuy ➝ Buy$19.00 ➝ $21.00
7/18/2025Bank of AmericaLower TargetBuy ➝ Buy$23.00 ➝ $21.00
7/17/2025Raymond James FinancialBoost TargetStrong-Buy ➝ Strong-Buy$21.00 ➝ $22.00
7/17/2025BarclaysBoost TargetOverweight ➝ Overweight$20.00 ➝ $21.00
6/4/2025TD SecuritiesReiterated RatingBuy ➝ Buy$19.00
5/8/2025GuggenheimLower TargetBuy ➝ Buy$23.00 ➝ $22.00
5/7/2025Stifel NicolausSet Target$17.00
5/7/2025Raymond James FinancialReiterated RatingStrong-Buy ➝ Strong-Buy$25.00 ➝ $21.00
5/7/2025BenchmarkLower TargetBuy ➝ Buy$26.00 ➝ $22.00
5/7/2025Piper SandlerLower TargetOverweight ➝ Overweight$23.00 ➝ $20.00
5/7/2025StephensLower TargetOverweight ➝ Overweight$24.00 ➝ $23.00
5/7/2025TD SecuritiesLower TargetBuy ➝ Buy$22.00 ➝ $19.00
5/6/2025BarclaysLower TargetOverweight ➝ Overweight$24.00 ➝ $20.00
4/24/2025StephensReiterated RatingOverweight ➝ Overweight$24.00 ➝ $24.00
4/22/2025BarclaysBoost TargetOverweight ➝ Overweight$21.00 ➝ $24.00
4/1/2025TD CowenUpgradeHold ➝ Buy$22.00
4/1/2025TD SecuritiesUpgradeHold ➝ Buy$21.00 ➝ $22.00
3/20/2025StephensReiterated RatingOverweight ➝ Overweight$24.00 ➝ $24.00
3/12/2025BenchmarkReiterated RatingBuy ➝ Buy
3/12/2025Bank of AmericaBoost TargetBuy ➝ Buy$27.00 ➝ $28.00
3/12/2025TD SecuritiesReiterated RatingHold ➝ Hold$21.00 ➝ $21.00
3/11/2025BarclaysReiterated RatingOverweight ➝ Overweight$24.00 ➝ $21.00
3/11/2025Sanford C. BernsteinSet Target$21.00
3/11/2025StephensReiterated RatingOverweight ➝ Overweight$25.00 ➝ $25.00
1/28/2025StephensReiterated RatingOverweight ➝ Overweight$25.00 ➝ $25.00
11/11/2024Piper SandlerBoost TargetOverweight ➝ Overweight$22.00 ➝ $23.00
11/8/2024TD CowenBoost TargetHold ➝ Hold$18.00 ➝ $21.00
11/8/2024Raymond James FinancialBoost TargetStrong-Buy ➝ Strong-Buy$22.00 ➝ $25.00
11/8/2024BarclaysBoost TargetOverweight ➝ Overweight$18.00 ➝ $22.00
11/8/2024StephensBoost TargetOverweight ➝ Overweight$20.00 ➝ $25.00
10/22/2024BarclaysLower TargetOverweight ➝ Overweight$21.00 ➝ $18.00
10/17/2024StephensInitiated CoverageOverweight$20.00
10/16/2024BenchmarkReiterated RatingBuy ➝ Buy$23.00 ➝ $23.00
10/4/2024GuggenheimLower TargetBuy ➝ Buy$24.00 ➝ $20.00
9/12/2024TD CowenReiterated RatingHold ➝ Hold$18.00 ➝ $18.00
8/27/2024BenchmarkInitiated CoverageBuy$23.00
8/7/2024BarclaysLower TargetOverweight ➝ Overweight$27.00 ➝ $21.00
8/7/2024TD CowenReiterated RatingHold ➝ Hold$18.00 ➝ $18.00
7/17/2024Bank of AmericaLower TargetBuy ➝ Buy$29.00 ➝ $24.00
7/17/2024TD CowenLower TargetHold ➝ Hold$21.00 ➝ $18.00
7/2/2024Stifel NicolausLower TargetHold ➝ Hold$22.00 ➝ $18.00
6/13/2024TD CowenLower TargetHold ➝ Hold$25.00 ➝ $21.00
5/8/2024TD CowenLower TargetHold ➝ Hold$26.00 ➝ $25.00
5/8/2024BarclaysLower TargetOverweight ➝ Overweight$29.00 ➝ $27.00
4/10/2024TD CowenReiterated RatingHold ➝ Hold$26.00
3/6/2024Stifel NicolausBoost TargetHold ➝ Hold$20.00 ➝ $22.00
3/6/2024CitigroupBoost TargetBuy ➝ Buy$24.00 ➝ $32.00
3/6/2024BarclaysBoost TargetOverweight ➝ Overweight$23.00 ➝ $29.00
3/5/2024TD CowenBoost TargetMarket Perform ➝ Market Perform$21.00 ➝ $26.00
1/25/2024Raymond James FinancialBoost TargetStrong-Buy ➝ Strong-Buy$23.00 ➝ $25.00
1/4/2024Stifel NicolausReiterated RatingBuy ➝ Hold$22.00 ➝ $20.00
1/3/2024BarclaysBoost TargetOverweight ➝ Overweight$20.00 ➝ $23.00
11/2/2023Raymond James FinancialBoost TargetStrong-Buy ➝ Strong-Buy$22.00 ➝ $23.00
10/23/2023BarclaysLower TargetOverweight ➝ Overweight$23.00 ➝ $20.00
10/18/2023Raymond James FinancialUpgradeOutperform ➝ Strong-Buy$24.00 ➝ $22.00
8/2/2023Raymond James FinancialBoost TargetOutperform ➝ Outperform$22.00 ➝ $24.00
8/2/2023BarclaysBoost TargetOverweight ➝ Overweight$21.00 ➝ $23.00
8/1/2023TD CowenReiterated RatingMarket Perform$19.00 ➝ $20.00
7/26/2023CitigroupBoost TargetBuy$22.00 ➝ $24.00
7/17/2023Piper SandlerInitiated CoverageOverweight$22.00
5/3/20233MReiterated RatingMaintains
5/3/2023BarclaysBoost Target$19.00 ➝ $21.00
3/8/2023CitigroupLower TargetBuy$21.00 ➝ $20.00
3/8/2023TD CowenReiterated RatingMarket Perform$17.00
3/8/2023Raymond James FinancialLower TargetOutperform$23.00 ➝ $22.00
1/26/2023BarclaysBoost TargetOverweight$17.00 ➝ $19.00
1/24/2023Raymond James FinancialLower TargetOutperform$24.00 ➝ $23.00
1/5/2023BarclaysLower TargetOverweight$20.00 ➝ $17.00
11/15/2022CowenLower Target$17.00
11/8/2022BarclaysBoost TargetOverweight$19.00 ➝ $20.00
11/8/2022CitigroupLower TargetBuy$22.00 ➝ $20.00
11/7/2022CowenLower TargetMarket Perform$18.50 ➝ $17.00
11/1/2022CitigroupLower TargetBuy$23.00 ➝ $22.00
8/15/2022CitigroupBoost Target$23.00
8/10/2022The Goldman Sachs GroupBoost TargetBuy$19.00 ➝ $21.00
8/10/2022CowenBoost TargetMarket Perform$15.00 ➝ $18.50
8/9/2022Stifel NicolausBoost Target$20.00 ➝ $23.00
6/9/2022BarclaysBoost TargetOverweight$16.00 ➝ $19.00
4/25/2022BarclaysLower TargetOverweight$18.00 ➝ $16.00
4/12/2022CitigroupInitiated CoverageBuy$22.00 ➝ $17.00
3/24/2022BarclaysLower TargetOverweight$26.00 ➝ $18.00
3/24/2022The Goldman Sachs GroupLower TargetBuy$25.00 ➝ $22.00
3/23/2022CowenLower TargetMarket Perform$22.00 ➝ $15.00
3/22/2022Jefferies Financial GroupLower TargetBuy$30.00 ➝ $25.00
1/27/2022CitigroupUpgradeNeutral ➝ Buy$24.50 ➝ $22.00
1/12/2022Raymond James FinancialInitiated CoverageOutperform$24.00
12/15/2021BarclaysLower TargetOverweight$27.00 ➝ $26.00
10/26/2021Stifel NicolausInitiated CoverageBuy$25.00
10/26/2021GuggenheimInitiated CoverageBuy$26.00
10/26/2021Piper SandlerInitiated CoverageOverweight$25.00
10/26/2021Jefferies Financial GroupInitiated CoverageBuy$30.00
10/26/2021Bank of AmericaInitiated CoverageBuy$30.00
10/26/2021BarclaysInitiated CoverageOverweight$26.00
10/26/2021CowenInitiated CoverageMarket Perform$21.50
10/26/2021CitigroupInitiated CoverageNeutral$24.50
10/26/2021The Goldman Sachs GroupInitiated CoverageBuy$26.00
(Data available from 12/4/2020 forward)

News Sentiment Rating

0.75 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 26 very positive mentions
  • 16 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
5/8/2025
  • 21 very positive mentions
  • 8 positive mentions
  • 1 negative mentions
  • 2 very negative mentions
Mentions as of
6/7/2025
  • 6 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/7/2025
  • 19 very positive mentions
  • 10 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
8/6/2025
  • 15 very positive mentions
  • 14 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/5/2025
  • 13 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/5/2025
  • 11 very positive mentions
  • 12 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/4/2025
  • 13 very positive mentions
  • 13 positive mentions
  • 2 negative mentions
  • 1 very negative mentions
Mentions as of
12/4/2025

Current Sentiment

  • 13 very positive mentions
  • 13 positive mentions
  • 2 negative mentions
  • 1 very negative mentions

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

First Watch Restaurant Group logo
First Watch Restaurant Group, Inc., through its subsidiaries, operates and franchises restaurants under the First Watch trade name in the United States. The company was formerly known as AI Fresh Super Holdco, Inc. and changed its name to First Watch Restaurant Group, Inc. in December 2019. First Watch Restaurant Group, Inc. was founded in 1983 and is based in Bradenton, Florida.
Read More

Today's Range

Now: $18.09
Low: $17.74
High: $18.19

50 Day Range

MA: $17.05
Low: $15.13
High: $18.66

52 Week Range

Now: $18.09
Low: $12.90
High: $22.71

Volume

986,167 shs

Average Volume

1,184,483 shs

Market Capitalization

$1.10 billion

P/E Ratio

226.15

Dividend Yield

N/A

Beta

0.86

Frequently Asked Questions

What sell-side analysts currently cover shares of First Watch Restaurant Group?

The following equities research analysts have issued stock ratings on First Watch Restaurant Group in the last year: Bank of America Corporation, Barclays PLC, Benchmark Co., Guggenheim, Piper Sandler, Raymond James Financial, Inc., Sanford C. Bernstein, Stephens, Stifel Nicolaus, TD Cowen, TD Securities, Wall Street Zen, Weiss Ratings, and Zacks Research.
View the latest analyst ratings for FWRG.

What is the current price target for First Watch Restaurant Group?

0 Wall Street analysts have set twelve-month price targets for First Watch Restaurant Group in the last year. Their average twelve-month price target is $21.09, suggesting a possible upside of 16.6%. Stephens has the highest price target set, predicting FWRG will reach $24.00 in the next twelve months. Stifel Nicolaus has the lowest price target set, forecasting a price of $17.00 for First Watch Restaurant Group in the next year.
View the latest price targets for FWRG.

What is the current consensus analyst rating for First Watch Restaurant Group?

First Watch Restaurant Group currently has 2 hold ratings, 8 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for FWRG.

What other companies compete with First Watch Restaurant Group?

Other companies that are similar to First Watch Restaurant Group include Melco Resorts & Entertainment, Shake Shack, Hilton Grand Vacations, Biglari and Chagee. Learn More about companies similar to First Watch Restaurant Group.

How do I contact First Watch Restaurant Group's investor relations team?

The company's listed phone number is 941-907-9800 and its investor relations email address is [email protected]. The official website for First Watch Restaurant Group is www.firstwatch.com. Learn More about contacing First Watch Restaurant Group investor relations.