Analysts’ Recent Ratings Updates for First Watch Restaurant Group (FWRG)

First Watch Restaurant Group (NASDAQ: FWRG) recently received a number of ratings updates from brokerages and research firms:

• 5/8/2025 – First Watch Restaurant Group had its price target lowered by analysts at Guggenheim from $23.00 to $22.00. They now have a “buy” rating on the stock.
• 5/7/2025 – First Watch Restaurant Group was given a new $17.00 price target on by analysts at Stifel Nicolaus.
• 5/7/2025 – First Watch Restaurant Group had its “strong-buy” rating reaffirmed by analysts at Raymond James. They now have a $21.00 price target on the stock, down previously from $25.00.
• 5/7/2025 – First Watch Restaurant Group had its price target lowered by analysts at Piper Sandler from $23.00 to $20.00. They now have an “overweight” rating on the stock.
• 5/7/2025 – First Watch Restaurant Group had its price target lowered by analysts at Stephens from $24.00 to $23.00. They now have an “overweight” rating on the stock.
• 5/7/2025 – First Watch Restaurant Group had its price target lowered by analysts at Benchmark Co. from $26.00 to $22.00. They now have a “buy” rating on the stock.
• 5/7/2025 – First Watch Restaurant Group had its price target lowered by analysts at TD Securities from $22.00 to $19.00. They now have a “buy” rating on the stock.
• 5/6/2025 – First Watch Restaurant Group had its price target lowered by analysts at Barclays PLC from $24.00 to $20.00. They now have an “overweight” rating on the stock.
• 4/24/2025 – First Watch Restaurant Group had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $24.00 price target on the stock.
• 4/22/2025 – First Watch Restaurant Group had its price target raised by analysts at Barclays PLC from $21.00 to $24.00. They now have an “overweight” rating on the stock.
• 4/1/2025 – First Watch Restaurant Group was upgraded by analysts at TD Cowen from a “hold” rating to a “buy” rating. They now have a $22.00 price target on the stock.
• 4/1/2025 – First Watch Restaurant Group was upgraded by analysts at TD Securities from a “hold” rating to a “buy” rating. They now have a $22.00 price target on the stock, up previously from $21.00.
• 3/20/2025 – First Watch Restaurant Group had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $24.00 price target on the stock.

First Watch Restaurant Group Trading Up 1.2%

Shares of FWRG stock opened at $17.25 on Monday. The firm has a market cap of $1.05 billion, a P/E ratio of 52.27, a PEG ratio of 3.38 and a beta of 1.01. First Watch Restaurant Group, Inc. has a 1-year low of $12.90 and a 1-year high of $22.71. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.54 and a quick ratio of 0.51. The firm’s 50-day simple moving average is $17.48 and its 200-day simple moving average is $18.75.

First Watch Restaurant Group (NASDAQ:FWRG) last posted its earnings results on Tuesday, May 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The business had revenue of $282.24 million for the quarter, compared to analyst estimates of $282.98 million. First Watch Restaurant Group had a return on equity of 3.61% and a net margin of 2.09%. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the company posted $0.12 EPS. As a group, equities analysts forecast that First Watch Restaurant Group, Inc. will post 0.32 EPS for the current year.

Insider Transactions at First Watch Restaurant Group

In other First Watch Restaurant Group news, insider Jay Anthony Wolszczak sold 5,743 shares of First Watch Restaurant Group stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $16.81, for a total value of $96,539.83. Following the completion of the transaction, the insider now owns 37,768 shares of the company’s stock, valued at $634,880.08. The trade was a 13.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Christopher Anthony Tomasso sold 42,039 shares of First Watch Restaurant Group stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $16.81, for a total transaction of $706,675.59. Following the completion of the transaction, the chief executive officer now directly owns 389,832 shares of the company’s stock, valued at approximately $6,553,075.92. This represents a 9.73% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.00% of the company’s stock.

Hedge Funds Weigh In On First Watch Restaurant Group

Institutional investors have recently modified their holdings of the company. Arizona State Retirement System acquired a new stake in First Watch Restaurant Group in the fourth quarter worth about $228,000. Barclays PLC lifted its holdings in First Watch Restaurant Group by 505.3% in the third quarter. Barclays PLC now owns 172,515 shares of the company’s stock worth $2,690,000 after purchasing an additional 144,014 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in First Watch Restaurant Group by 9.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 576,890 shares of the company’s stock worth $10,736,000 after purchasing an additional 49,826 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in First Watch Restaurant Group by 23.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 309,851 shares of the company’s stock worth $5,766,000 after purchasing an additional 58,448 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in First Watch Restaurant Group by 7.8% in the fourth quarter. JPMorgan Chase & Co. now owns 2,141,209 shares of the company’s stock worth $39,848,000 after purchasing an additional 154,784 shares during the period. Institutional investors own 96.11% of the company’s stock.

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.