First Watch Restaurant Group, Inc. (FWRG)

FWRG Stock Forecast

Stock Price Forecast

According to 8 professional analysts, the 12-month price target for FWRG stock ranges from a low of $20 to a high of $24. The average analyst price target of $21.88 forecasts a 23.62% increase in the stock price over the next year.

Price Target: $21.88 (+23.62%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$20	$21.88	$22	$24
Change	+12.99%	+23.62%	+24.29%	+35.59%

* Price targets were last updated on Aug 6, 2025.

Analyst Ratings

The average analyst rating for FWRG stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Jun '25	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25
Strong Buy	5	5	5	5	5	5
Buy	5	5	5	5	5	3
Hold	1	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	11	10	10	10	10	8

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jim Salera Stephens & Co.	Stephens & Co.	Buy Maintains $23 → $24	Buy	Maintains	$23 → $24	+35.59%	Aug 6, 2025
Todd Brooks Benchmark	Benchmark	Strong Buy Maintains $22 → $24	Strong Buy	Maintains	$22 → $24	+35.59%	Aug 6, 2025
Andrew Charles TD Cowen	TD Cowen	Strong Buy Maintains $19 → $21	Strong Buy	Maintains	$19 → $21	+18.64%	Jul 29, 2025
Sara Senatore B of A Securities	B of A Securities	Strong Buy Maintains $23 → $21	Strong Buy	Maintains	$23 → $21	+18.64%	Jul 18, 2025
Brian Vaccaro Raymond James	Raymond James	Strong Buy Maintains $21 → $22	Strong Buy	Maintains	$21 → $22	+24.29%	Jul 17, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

1.25B

Increased by 23.14%

from 1.02B

Revenue Next Year

1.44B

Increased by 15.03%

from 1.25B

EPS This Year

0.15

Decreased by -49.58%

from 0.30

EPS Next Year

0.35

Increased by 130.25%

from 0.15

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 27, 2020	Dec 26, 2021	Dec 25, 2022	Dec 31, 2023	Dec 29, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	342.39M	601.19M	730.16M	891.55M	1.02B	1.25B	1.44B
Revenue Growth	-21.54%	75.59%	21.45%	22.10%	13.95%	23.14%	15.03%
EPS	-1.10	-0.04	0.11	0.41	0.30	0.15	0.35
EPS Growth	-	-	-	272.73%	-26.83%	-49.58%	130.25%
Forward PE	-	-	-	-	-	117.02	50.82
No. Analysts	-	-	-	-	-	13	13

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029	2030
High	1.3B	1.5B
Avg	1.3B	1.4B
Low	1.2B	1.4B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029	2030
High	27.3%	21.6%
Avg	23.1%	15.0%
Low	17.5%	8.5%

EPS Forecast

EPS	2025	2026	2027	2028	2029	2030
High	0.17	0.48
Avg	0.15	0.35
Low	0.14	0.27

EPS Growth

EPS Growth	2025	2026	2027	2028	2029	2030
High	-44.0%	217.2%
Avg	-49.6%	130.3%
Low	-54.3%	81.4%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.