$18.47
4.12% yesterday
NYSE, Apr 15, 10:00 pm CET
ISIN
US33748L1017
Symbol
FWRG
Industry

First Watch Restaurant Group Target price 2025 - Analyst rating & recommendation

First Watch Restaurant Group Classifications & Recommendation:

Buy
91%
Hold
9%

First Watch Restaurant Group Price Target

Target Price $23.50
Price $18.47
Potential
Number of Estimates 10
10 Analysts have issued a price target First Watch Restaurant Group 2026 . The average First Watch Restaurant Group target price is $23.50. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 11 analysts: 10 Analysts recommend First Watch Restaurant Group to buy, 1 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 2026 of . Most analysts recommend the First Watch Restaurant Group stock at Purchase.

Sales and Margin forecast 2025, 2026 to 2029

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Quarter Annually
Dec '24 2025
Estimates
Revenue Billion $ 1.02 1.21
13.95% 18.99%
EBITDA Margin 10.15% 10.40%
0.95% 2.48%
Net Margin 1.79% 1.69%
35.79% 5.72%

9 Analysts have issued a sales forecast First Watch Restaurant Group 2025 . The average First Watch Restaurant Group sales estimate is

$1.2b
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. This is
18.99% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$1.2b 20.09%
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, the lowest is
$1.2b 16.76%
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.

This results in the following potential growth metrics:

Revenue Estimates

2024 $1.0b 13.95%
2025
$1.2b 18.99%
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2026
$1.4b 16.05%
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2027
$1.6b 15.36%
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2028
$1.8b 11.81%
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2029
$2.1b 13.53%
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9 Analysts have issued an First Watch Restaurant Group EBITDA forecast 2025. The average First Watch Restaurant Group EBITDA estimate is

$126m
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. This is
22.50% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$129m 25.96%
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, the lowest is
$123m 19.31%
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.

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

EBITDA Estimates

2024 $103m 15.03%
2025
$126m 21.99%
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2026
$152m 21.24%
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2027
$197m 29.29%
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2028
$214m 8.65%
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2029
$249m 16.06%
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EBITDA Margin

2024 10.15% 0.95%
2025
10.40% 2.48%
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2026
10.87% 4.52%
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2027
12.18% 12.05%
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2028
11.84% 2.79%
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2029
12.10% 2.20%
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5 First Watch Restaurant Group Analysts have issued a net profit forecast 2025. The average First Watch Restaurant Group net profit estimate is

$20.4m
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. This is
12.03% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$26.7m 46.68%
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, the lowest is
$18.2m 0.00%
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.

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

Net Profit Estimates

2024 $18.2m 26.83%
2025
$20.4m 12.03%
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2026
$29.3m 43.43%
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Net Margin

2024 1.79% 35.79%
2025
1.69% 5.72%
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2026
2.09% 23.67%
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Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2029

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Quarter Annually
Dec '24 2025
Estimates
Earnings Per Share $ 0.30 0.34
26.83% 13.33%
P/E 54.97
EV/Sales 1.58

5 Analysts have issued a First Watch Restaurant Group forecast for earnings per share. The average First Watch Restaurant Group EPS is

$0.34
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. This is
13.33% higher
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than earnings per share in the financial year 2024. The highest EPS forecast is
$0.44 46.67%
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, the lowest is
$0.30 0.00%
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.

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

Earnings Per Share

2024 $0.30 26.83%
2025
$0.34 13.33%
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2026
$0.48 41.18%
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P/E ratio

Current 60.90 12.26%
2025
54.97 9.74%
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2026
38.32 30.29%
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Based on analysts' sales estimates for 2025, the First Watch Restaurant Group stock is valued at an EV/Sales of

and an P/S ratio of .

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

EV/Sales

Current 1.87 12.62%
2025
1.58 15.76%
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2026
1.36 13.83%
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2027
1.18 13.32%
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2028
1.05 10.56%
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2029
0.93 11.92%
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P/S ratio

Current 1.11 26.91%
2025
0.93 15.96%
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2026
0.80 13.84%
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2027
0.70 13.32%
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2028
0.62 10.55%
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2029
0.55 11.92%
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Current First Watch Restaurant Group Upgrades & Downgrades

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Analyst Rating Action Date
TD Securities
Locked
Locked
Locked Apr 01 2025
Stephens & Co.
Locked
Locked
Locked Mar 20 2025
B of A Securities
Locked
Locked
Locked Mar 12 2025
Stephens & Co.
Locked
Locked
Locked Mar 12 2025
TD Securities
Locked
Locked
Locked Mar 12 2025
Barclays
Locked
Locked
Locked Mar 12 2025
Stephens & Co.
Locked
Locked
Locked Mar 11 2025
Analyst Rating Date
Locked
TD Securities:
Locked
Locked
Apr 01 2025
Locked
Stephens & Co.:
Locked
Locked
Mar 20 2025
Locked
B of A Securities:
Locked
Locked
Mar 12 2025
Locked
Stephens & Co.:
Locked
Locked
Mar 12 2025
Locked
TD Securities:
Locked
Locked
Mar 12 2025
Locked
Barclays:
Locked
Locked
Mar 12 2025
Locked
Stephens & Co.:
Locked
Locked
Mar 11 2025

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