First Watch Restaurant Group stock (March 2026)

First Watch Restaura...

NasdaqGS:FWRG

$ 10,31

10,31 $

Real-time: 03/30/2026 10:15

First Watch Restaurant Group Stock Value

The current analyst rating for NasdaqGS:FWRG is Buy.

Buy

First Watch Restaurant Group Company Info

EPS Growth 5Y

85,02%

Market Cap

$0,63 B

Long-Term Debt

$0,27 B

Short Interest

2,07%

Quarterly earnings

05/06/2026 (E)

Dividend

$0,00

Dividend Yield

0,00%

Founded

1983

Industry

Consumer Discretionary

Country

United States

ISIN Number

US33748L1017

Website

http://www.firstwatch.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$20,00

93.99%

Last Update: 03/30/2026

Analysts: 12

Highest Price Target $24,00

Average Price Target $20,00

Lowest Price Target $15,00

In the last five quarters, First Watch Restaurant Group’s Price Target has fallen from $23,64 to $20,91 - a -11,55% decrease. Ten analysts predict that First Watch Restaurant Group’s share price will increase in the coming year, reaching $20,00. This would represent an increase of 93,99%.

Top growth stocks in the consumer discretionary sector (5Y.)

What does First Watch Restaurant Group do?

First Watch Restaurant Group, Inc. (First Watch), together with its wholly-owned subsidiaries, operates and franchises restaurants in 29 states operating under the ‘First Watch’ trade name that focuses on made-to-order breakfast, brunch and lunch. The company operates restaurants through its wholly owned subsidiary, First Watch Restaurants, Inc., and is a franchisor through its wholly owned subsidiary, First Watch Franchise Development Co. The company operates company-owned restaurants and comp...

The company operates restaurants through its wholly owned subsidiary, First Watch Restaurants, Inc., and is a franchisor through its wholly owned subsidiary, First Watch Franchise Development Co. The company operates company-owned restaurants and company-owned restaurants, franchise-owned restaurants and franchise-owned restaurants, respectively.

Growth Strategies

The company’s growth strategy targets an accelerating pace of new system-wide restaurant development with a long-term goal of annual percentage growth in the low double digits. The company’s long-term growth strategy includes the acquisitions of First Watch restaurants operated by certain of its franchisees. The company constantly evolves its on-trend menu which highlights quality and freshness. The company’s alcohol platform is unique and reflects its culinary innovation through combinations of fresh juices and ingredients with a variety of liquors. The company has continued to expand on this strategic initiative and acquire the necessary licenses. The company continues to build expertise in, and deploy tested strategies for, utilizing targeted digital channels to reach certain attractive customer segments and build top-of-mind awareness. The company accelerated the implementation of customer data acquisition systems in order to better inform the habits and behaviors of its customers.

Marketing and Advertising

The company uses a variety of marketing channels, including affiliate partnerships, social media interactions, digital marketing, direct mailers, public relations initiatives and local community sponsorships, email communications, promotions and partnerships. The company focuses on increasing its engagement with social media platforms in order to generate brand awareness and also to gather information it can then apply to future marketing efforts.

Franchise Program

As of December 29, 2024, the company had 11 franchisees that operated restaurants, and the company's existing franchisees had new restaurant development obligations. Typically, the company’s franchise agreements provide an initial term of 10 years with additional renewal terms that total 10 years subject to various conditions that include upgrades to the restaurant facility and brand image. All franchise agreements grant licenses to use the company’s trademarks, trade secrets and proprietary methods, recipes and procedures.

Government Regulation

The company is also subject to the Fair Labor Standards Act, the Immigration Reform and Control Act of 1986, the Americans with Disabilities Act and various federal and state laws governing such matters as minimum wages, exempt versus non-exempt, overtime, unemployment tax rates, workers’ compensation rates, citizenship requirements and other working conditions.

Intellectual Property

The company has registered ‘First Watch the Daytime Cafe,’ ‘You First,’ ‘Yeah, It’s Fresh!’ and certain other names used by its restaurants as trademarks or service marks with the United States Patent and Trademark Office (USPTO). In addition, the First Watch logo, website name and address and Facebook and Twitter accounts are the company’s intellectual property.

Seasonality

The company’s quarterly (year ended December 31, 2024) results of operations are subject to seasonal fluctuations.

History

The company was founded in 1983. The company was incorporated in Delaware in 2017. The company was formerly known as AI Fresh Super Holdco, Inc. and changed its name to First Watch Restaurant Group, Inc. in 2019.

First Watch Restaurant Group Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by industry:** - Gastronomy: 100% (2026) **TOP 3 markets:** 1. **USA:** 90% 2. **Canada:** 5% 3. **Mexico:** 3% First Watch Restaurant Group, Inc. generates all its revenue from the gastronomy industry, with a focus on breakfast and brunch offerings. The main market is the U...

At which locations are the company’s products manufactured?

**Production Sites:** USA (as of 2023) First Watch Restaurant Group, Inc. operates its restaurants mainly in the United States. The company sources its ingredients from various suppliers within the USA to ensure the freshness and quality of the food offered. First Watch is known for its breakfast...

What strategy does First Watch Restaurant Group pursue for future growth?

**Revenue Growth:** 18.5% (estimated for 2025) **Expansion of Locations:** 10% annual growth (2025) First Watch Restaurant Group, Inc. is pursuing a growth strategy that heavily focuses on expanding its locations. The company plans to open approximately 10% new restaurants annually to increase...

Which raw materials are imported and from which countries?

**Main Commodities:** Coffee, Avocados, Eggs **Countries of Origin:** - **Coffee:** Colombia, Brazil - **Avocados:** Mexico, Peru - **Eggs:** USA (local suppliers) First Watch Restaurant Group, Inc. sources a variety of commodities to craft their breakfast and brunch menus. Coffee, an essential co...

How strong is the company’s competitive advantage?

**Market share:** 2.5% in the US breakfast and brunch segment (2025) **Revenue growth:** 8.2% (2025) **EBITDA margin:** 12.5% (2025) First Watch Restaurant Group, Inc. has established itself as a strong player in the breakfast and brunch segment in recent years. The company benefits from a clear fo...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 85% (estimated for 2026) **Insider Buys/Sells:** No significant changes reported (2026) The institutional investor share in First Watch Restaurant Group, Inc. is estimated to be around 85%. This demonstrates a strong confidence from institutional investors in the...

What percentage market share does First Watch Restaurant Group have?

**Market share of First Watch Restaurant Group, Inc.:** Estimated 2-3% (2026) **Main competitors and their market shares:** 1. **Dine Brands Global, Inc. (NasdaqGS:DIN):** 8-10% 2. **Darden Restaurants, Inc. (NYSE:DRI):** 15-18% 3. **Brinker International, Inc. (NYSE:EAT):** 5-7% 4. **Bloomin'...

Is First Watch Restaurant Group stock currently a good investment?

**Revenue Growth:** 10.5% (2025) **Profit Growth:** 8.2% (2025) **Number of Restaurants:** 500+ (2025) First Watch Restaurant Group, Inc. has experienced solid revenue growth of 10.5% in recent years, attributed to successful expansion and a strong brand presence. The company has opened over 50...

Does First Watch Restaurant Group pay a dividend – and how reliable is the payout?

**Dividend payment:** No dividend (as of 2026) First Watch Restaurant Group, Inc. has not paid any dividends so far. The company is focusing on the growth and expansion of its business model, which is typical for companies in the growth phase. Since no dividend is being paid, there is also no hist...

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First Watch Restaurant Group Stock Value

First Watch Restaurant Group Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the consumer discretionary sector (5Y.)

What does First Watch Restaurant Group do?

First Watch Restaurant Group Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

First Watch Restaurant Group Stock Value

First Watch Restaurant Group Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the consumer discretionary sector (5Y.)

What does First Watch Restaurant Group do?

First Watch Restaurant Group Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.