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Ranked #1257 by analyst upside · 2026-09-09
FWRG
First Watch Restaurant Group, Inc.
Consumer Cyclical · Market Cap $758M · P/E 43.9x
ANALYST PRICE TARGET
+56.8%
implied upside to consensus target
Current Price $12.29
Consensus Target $19.27
Bull Target $22.0
Bear Target $17.0
Analysts Covering 11
ANALYST CONSENSUS - BUY
Strong Buy
1
Buy
10
Hold
0
Sell
0
52-Week Low $9.97
52-Week High $18.82
YTD Return -20.0%
FUNDAMENTALS
Market Cap $758M
P/E Ratio (TTM) 43.9x
Forward P/E 48.3x
EPS (TTM) $0.28
PEG Ratio N/A
Dividend Yield N/A
Revenue (TTM) $1.3B
Profit Margin 1.4%
52-WEEK RANGE
52-Week Low $9.97
52-Week High $18.82
Current Price $12.29
Bear Target $17.0
Bull Target $22.0
● Now $12.29 ● Target $19.27
TRADING DATA
Avg Volume 1.1M
YTD Return -20.0%
Analyst Count 11
Consensus Buy
Upside to Target +56.8%
Last Updated 2026-09-09

ANALYST SUMMARY

First Watch Restaurant Group, Inc. (FWRG) is currently trading at $12.29 with a Wall Street consensus price target of $19.27, implying potential upside of 56.8% over the next 12 months. 11 analysts currently cover FWRG, with a consensus rating of Buy - 100% of analysts rate the stock a Buy or Strong Buy. The most bullish analyst has a price target of $22.0, while the most cautious has a target of $17.0.

FWRG operates in the Consumer Cyclical sector with a market capitalisation of $758M. The stock is down 20.0% year-to-date and is currently trading near the lower end of its 52-week range of $9.97 – $18.82.

SIMILAR STOCKS

Other Consumer Cyclical stocks with comparable size and valuation.

RECENT ANALYST CALLS

Upgrade/downgrade history for FWRG, with each firm's 90-day track record across all stocks we track. See full firm rankings →

Guggenheim - Reiterated
Buy → Buy 2026-08-07 62% win rate (8 calls)
Citigroup - Reiterated
Buy → Buy 2026-08-05 Building track record
Freedom Capital Markets ● Initiated
Buy 2026-07-01 Building track record
TD Cowen reit
Buy → Buy 2026-06-03 Building track record
Stephens & Co. reit
Overweight → Overweight 2026-05-06 Building track record
TD Cowen - Reiterated
Buy → Buy 2026-05-05 Building track record
DA Davidson - Reiterated
Buy → Buy 2026-04-28 Building track record
Benchmark - Reiterated
Buy → Buy 2026-04-20 Building track record
HISTORICAL SNAPSHOT

Point-in-time data from StockUpside's daily snapshots. Tracks price, analyst target, upside %, consensus, and analyst count.

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ANALYST CONVICTION SCORE
68
out of 100
Coverage depth
19/30
Consensus clarity
22/30
Vote unanimity
25/25
Rating stability
2/15

Measures analyst agreement, not fundamental quality. A high score means analysts broadly agree on this call - not that the stock will go up.

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