First Watch Restaurant Group

FWRG

Market cap $1.04B

Overview Fund Activity

17.02 USD

-0.69

3.9%

At close Updated Sep 12, 4:00 PM EDT

Pre-market

After hours

17.36

+0.34

2%

1 day

-3.9%

5 days

-8.4%

1 month

-4.38%

3 months

7.52%

6 months

-0.12%

Year to date

-9.42%

1 year

13.47%

5 years

-23.09%

10 years

-23.09%

About: First Watch Restaurant Group Inc is a daytime restaurant concept serving made-to-order breakfast, brunch, and lunch using fresh ingredients. It generates revenues from Restaurant sales and Franchise revenues.

Employees: 15,000

Consumer Discretionary Restaurants

0

Funds holding %

of 7,462 funds

0

Analysts bullish %

of 6 analysts

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

50% more repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 46

36% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 25

5% more funds holding

Funds holding: 156 [Q1] → 164 (+8) [Q2]

2.17% less ownership

Funds ownership: 116.37% [Q1] → 114.2% (-2.17%) [Q2]

5% less capital invested

Capital invested by funds: $1.18B [Q1] → $1.12B (-$59M) [Q2]

33% less funds holding in top 10

Funds holding in top 10: 3 [Q1] → 2 (-1) [Q2]

59% less call options, than puts

Call options by funds: $920K | Put options by funds: $2.25M

See Fund Rankings

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$21

23% upside

Avg. target

$22

30% upside

High target

$24

41% upside

6 analyst ratings

6 positive

100%

0 neutral

0%

0 negative

0%

Stephens & Co. Jim Salera	$24	Overweight Maintained	6 Aug 2025
Benchmark Todd Brooks	$24	Buy Maintained	6 Aug 2025
TD Cowen Andrew Charles	$21	Buy Maintained	29 Jul 2025
B of A Securities Sara Senatore	$21	Buy Maintained	18 Jul 2025
Raymond James Brian Vaccaro	$22	Strong Buy Maintained	17 Jul 2025
Barclays Dan Levy	$21	Overweight Maintained	17 Jul 2025

See Analyst Rankings

Financial journalist opinion

First Watch Restaurant Group, Inc. to Participate at Piper Sandler's Growth Frontiers Conference on September 9-11, 2025

BRADENTON, Fla., Aug. 27, 2025 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc., (Nasdaq: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announced that it will host a fireside chat at Piper Sandler's Growth Frontiers Conference on Wednesday, September 10, 2025 in Nashville, Tenn.

First Watch Restaurant Group, Inc. to Participate at Piper Sandler's Growth Frontiers Conference on September 9-11, 2025

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.

First Watch Restaurant: Brunch Boom, Earnings On The Side

First Watch Restaurant Group, Inc. Announces Secondary Offering of Common Stock

BRADENTON, Fla., Aug. 06, 2025 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (“FWRG” or the “Company”) (NASDAQ: FWRG), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announced the launch of an underwritten secondary offering (the “Offering”) by certain funds managed by Advent International, L.P. (the “Selling Stockholders”) of 5,000,000 shares of the Company's common stock (“Common Stock”).

First Watch Restaurant Group, Inc. Announces Secondary Offering of Common Stock

The Motley Fool

First Watch (FWRG) Q2 Sales Rise 19%

First Watch Restaurant Group (FWRG 3.54%), a daytime dining chain known for its breakfast, brunch, and lunch offerings, released its financial results on August 5, 2025, for the second quarter of fiscal 2025 (ended June 29, 2025). The company reported revenue of $307.9 million, narrowly beating analyst expectations of $306.6 million.

First Watch (FWRG) Q2 Sales Rise 19%

First Watch Restaurant Group, Inc. (FWRG) Q2 2025 Earnings Call Transcript

First Watch Restaurant Group, Inc. (NASDAQ:FWRG ) Q2 2025 Earnings Conference Call August 5, 2025 8:00 AM ET Company Participants Christopher A. Tomasso - CEO, President & Director Henry Melville Hope - CFO & Treasurer Matt Eisenacher - Chief Brand Officer Steven Louis Marotta - Vice President of Investor Relations Conference Call Participants Andrew Marc Barish - Jefferies LLC, Research Division Brian Hugh Mullan - Piper Sandler & Co., Research Division Brian Michael Vaccaro - Unidentified Company CGS International - Unidentified Company James Ronald Salera - Stephens Inc., Research Division Jon Michael Tower - Citigroup Inc. Exchange Research Patrick Lee Johnson - Stifel, Nicolaus & Company, Incorporated, Research Division Pratik Mahendra Patel - Barclays Bank PLC, Research Division Todd Morrison Brooks - The Benchmark Company, LLC, Research Division Zachary Ogden - TD Cowen, Research Division Operator Thank you for standing by, and welcome to the First Watch Restaurant Group, Inc. Second Quarter Earnings Conference Call, occurring today, August 5, 2025, at 8:00 a.m.

First Watch Restaurant Group, Inc. (FWRG) Q2 2025 Earnings Call Transcript

Zacks Investment Research

First Watch Restaurant Group (FWRG) Reports Q2 Earnings: What Key Metrics Have to Say

The headline numbers for First Watch Restaurant Group (FWRG) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

First Watch Restaurant Group (FWRG) Reports Q2 Earnings: What Key Metrics Have to Say

Zacks Investment Research

First Watch Restaurant Group, Inc. (FWRG) Q2 Earnings Miss Estimates

First Watch Restaurant Group, Inc. (FWRG) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.14 per share a year ago.

First Watch Restaurant Group, Inc. (FWRG) Q2 Earnings Miss Estimates

First Watch Restaurant Group, Inc. Reports Q2 2025 Financial Results and Reaches 600th System-Wide Restaurant Milestone

Total revenues increased 19.1% Net income of $2.1 million and Adjusted EBITDA of $30.4 million 17 new system-wide restaurants opened in 8 states Raising 2025 Adjusted EBITDA guidance

First Watch Restaurant Group, Inc. Reports Q2 2025 Financial Results and Reaches 600th System-Wide Restaurant Milestone

Zacks Investment Research

Analysts Estimate First Watch Restaurant Group, Inc. (FWRG) to Report a Decline in Earnings: What to Look Out for

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.

Analysts Estimate First Watch Restaurant Group, Inc. (FWRG) to Report a Decline in Earnings: What to Look Out for

Zacks Investment Research

New Strong Sell Stocks for July 11th

HOFT, FWRG and SAIA have been added to the Zacks Rank #5 (Strong Sell) List on July 11, 2025.

New Strong Sell Stocks for July 11th

See News Rankings

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