$18.22
3.75% yesterday
NYSE, Nov 15, 10:00 pm CET
ISIN
US33748L1017
Symbol
FWRG
Industry

First Watch Restaurant Group Target price 2024 - Analyst rating & recommendation

First Watch Restaurant Group Classifications & Recommendation:

Buy
82%
Hold
18%

First Watch Restaurant Group Price Target

Target Price $23.55
Price $18.22
Potential
Number of Estimates 11
11 Analysts have issued a price target First Watch Restaurant Group 2025 . The average First Watch Restaurant Group target price is $23.55. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 11 analysts: 9 Analysts recommend First Watch Restaurant Group to buy, 2 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the First Watch Restaurant Group stock has an average upside potential 2025 of . Most analysts recommend the First Watch Restaurant Group stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2027

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Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 891.55 1,015.75
22.10% 13.93%
EBITDA Margin 10.05% 10.92%
1.31% 8.62%
Net Margin 2.78% 1.85%
205.26% 33.56%

10 Analysts have issued a sales forecast First Watch Restaurant Group 2024 . The average First Watch Restaurant Group sales estimate is

$1.0b
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. This is
1.86% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$1.0b 4.33%
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, the lowest is
$1.0b 1.01%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $892m 22.10%
2024
$1.0b 13.93%
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2025
$1.2b 15.30%
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2026
$1.3b 13.69%
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2027
$1.5b 12.74%
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10 Analysts have issued an First Watch Restaurant Group EBITDA forecast 2024. The average First Watch Restaurant Group EBITDA estimate is

$111m
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. This is
7.77% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$117m 13.78%
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, the lowest is
$104m 1.26%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $89.6m 20.50%
2024
$111m 23.73%
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2025
$127m 14.93%
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2026
$147m 15.47%
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2027
$168m 13.89%
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EBITDA Margin

2023 10.05% 1.31%
2024
10.92% 8.62%
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2025
10.88% 0.37%
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2026
11.05% 1.56%
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2027
11.16% 1.00%
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5 First Watch Restaurant Group Analysts have issued a net profit forecast 2024. The average First Watch Restaurant Group net profit estimate is

$18.8m
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. This is
8.83% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$21.2m 2.93%
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, the lowest is
$17.6m 14.70%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $24.8m 272.73%
2024
$18.8m 24.39%
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2025
$25.6m 36.12%
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2026
$36.9m 44.58%
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Net Margin

2023 2.78% 205.26%
2024
1.85% 33.56%
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2025
2.18% 17.84%
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2026
2.77% 27.06%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2027

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 0.41 0.31
272.73% 24.39%
P/E 58.77
EV/Sales 1.80

5 Analysts have issued a First Watch Restaurant Group forecast for earnings per share. The average First Watch Restaurant Group <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$0.31
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. This is
8.82% lower
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$0.35 2.94%
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, the lowest is
$0.29 14.71%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $0.41 272.73%
2024
$0.31 24.39%
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2025
$0.42 35.48%
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2026
$0.61 45.24%
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P/E ratio

Current 54.39 17.19%
2024
58.77 8.05%
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2025
43.18 26.53%
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2026
29.87 30.82%
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Based on analysts' sales estimates for 2024, the First Watch Restaurant Group stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 1.84 0.00%
2024
1.80 1.91%
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2025
1.57 13.28%
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2026
1.38 12.04%
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2027
1.22 11.30%
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P/S ratio

Current 1.11 8.98%
2024
1.09 1.82%
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2025
0.94 13.27%
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2026
0.83 12.04%
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2027
0.74 11.31%
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