First Watch Restaurant Group, Inc. (FWRG)
NASDAQ (NGS) NASDAQ (NGS) Primary 
First Watch Restaurant Group, Inc. (NASDAQ:FWRG) Receives Consensus Recommendation of “Moderate Buy” from Analysts
First Watch Restaurant Group, Inc. (NASDAQ: FWRG - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the thirteen ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong
First Watch Restaurant: The Risk I Flagged Is Now In The Price
First Watch Restaurant Group, Inc. remains a Hold as growth slows, with FY 2026 guidance disappointing versus prior expectations. FWRG's same-store sales growth is projected to decelerate to 1–3%, and adjusted EBITDA margin guidance implies no operational leverage gains. Valuation remains stretched at 55.9x FY 2026 P/E, with fair value estimated in the low teens and limited upside or downside asymmetry.
Compared to Estimates, First Watch Restaurant Group (FWRG) Q4 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for First Watch Restaurant Group (FWRG) give a sense of how the business performed in the quarter ended December 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
First Watch Restaurant Group, Inc. (FWRG) Tops Q4 Earnings and Revenue Estimates
First Watch Restaurant Group, Inc. (FWRG) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.01 per share a year ago.
First Watch Restaurant Group, Inc. (FWRG) Earnings Expected to Grow: Should You Buy?
First Watch Restaurant Group (FWRG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
First Watch Is A Good Deal Right Now
First Watch (FWRG) is a modern, upscale brunch-focused diner outpacing legacy competitors with strong comps, rising margins, and affluent customer appeal. FWRG reported 25.6% revenue growth, 7.1% comps, and 80 bps margin expansion, driven by both traffic and efficiency gains. The company is rapidly expanding by repurposing failed restaurant sites, maintaining disciplined pricing, and capturing market share from struggling peers.
First Watch Restaurant Group, Inc. (FWRG) Q3 2025 Earnings Call Transcript
First Watch Restaurant Group, Inc. ( FWRG ) Q3 2025 Earnings Call November 4, 2025 8:00 AM EST Company Participants Steven Marotta - Vice President of Investor Relations Christopher Tomasso - CEO, President & Director Mel Hope - CFO & Treasurer Matt Eisenacher - Chief Brand Officer Conference Call Participants James Salera - Stephens Inc., Research Division Anisha Datt - Barclays Bank PLC, Research Division Andrew Barish - Jefferies LLC, Research Division Todd Brooks - The Benchmark Company, LLC, Research Division Brian Vaccaro - CGS International Jon Tower - Citigroup Inc. Exchange Research Arian Razai - Guggenheim Securities, LLC, Research Division Andrew Charles - TD Cowen, Research Division Presentation Operator Thank you for standing by, and welcome to the First Watch Restaurant Group, Inc. Third Quarter Earnings Conference Call occurring today, November 4, 2025, at 8:00 AM Eastern Time. [Operator Instructions] This call will be archived and available for replay at investors.firstwatch.com under the News & Events section.
First Watch Restaurant Group (FWRG) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for First Watch Restaurant Group (FWRG) give a sense of how the business performed in the quarter ended September 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
First Watch Restaurant Group, Inc. (FWRG) Q3 Earnings Lag Estimates
First Watch Restaurant Group, Inc. (FWRG) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.03 per share a year ago.
First Watch Restaurant Group Is Surprisingly Tasty
First Watch Restaurant Group is a rapidly growing daytime dining chain with strong revenue growth and a unique, quality-focused menu. FWRG is shifting from franchised to company-owned locations, capturing more revenue and improving quality control, though margins are temporarily pressured by higher costs. Management projects continued expansion, attractive store-level returns, and long-term revenue growth, supporting a bullish investment thesis versus the broader market.
Wall Street Analysts See a 25.38% Upside in First Watch Restaurant Group (FWRG): Can the Stock Really Move This High?
The consensus price target hints at a 25.4% upside potential for First Watch Restaurant Group (FWRG). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
First Watch Restaurant: Brunch Boom, Earnings On The Side
First Watch delivered strong Q2 results, with traffic and same-store sales growth outpacing competitors, but missed EPS due to margin pressure. The chain's growth pipeline is robust, with aggressive new openings and franchise acquisitions. Management raised full-year guidance for revenue and EBITDA, but margin compression and increased operating risk from more company-owned stores remain concerns.
