First Watch Restaurant Group (FWRG) to Announce Earnings on Tuesday

Posted by on Jul 28th, 2026

First Watch Restaurant Group (NASDAQ:FWRG – Get Free Report) is anticipated to release its Q2 2026 results before the market opens on Tuesday, August 4th. Analysts expect First Watch Restaurant Group to post earnings of $0.06 per share and revenue of $351.5730 million for the quarter. Parties may visit the the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Tuesday, August 4, 2026 at 8:00 AM ET.

First Watch Restaurant Group (NASDAQ:FWRG – Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). First Watch Restaurant Group had a net margin of 1.38% and a return on equity of 2.85%. The company had revenue of $330.96 million for the quarter, compared to the consensus estimate of $329.35 million. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, analysts expect First Watch Restaurant Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

First Watch Restaurant Group Stock Performance

NASDAQ FWRG opened at $12.89 on Tuesday. The company has a fifty day moving average of $11.86 and a 200-day moving average of $12.96. First Watch Restaurant Group has a 52-week low of $9.97 and a 52-week high of $19.53. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.25 and a current ratio of 0.29. The company has a market capitalization of $794.67 million, a P/E ratio of 46.04, a P/E/G ratio of 7.18 and a beta of 1.03.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FWRG. Stephens reissued an “overweight” rating and issued a $21.00 price target on shares of First Watch Restaurant Group in a research note on Wednesday, May 6th. TD Cowen reissued a “buy” rating and issued a $17.00 target price on shares of First Watch Restaurant Group in a research note on Wednesday, June 3rd. DA Davidson restated a “buy” rating and set a $17.00 target price on shares of First Watch Restaurant Group in a report on Tuesday, April 28th. Benchmark reduced their price target on First Watch Restaurant Group from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Finally, Weiss Ratings cut First Watch Restaurant Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.78.

View Our Latest Research Report on First Watch Restaurant Group

Institutional Investors Weigh In On First Watch Restaurant Group

A number of large investors have recently added to or reduced their stakes in FWRG. Invesco Ltd. raised its stake in shares of First Watch Restaurant Group by 31.7% during the fourth quarter. Invesco Ltd. now owns 89,637 shares of the company’s stock valued at $1,352,000 after acquiring an additional 21,576 shares during the last quarter. Man Group plc bought a new stake in shares of First Watch Restaurant Group in the third quarter worth about $1,300,000. XTX Topco Ltd bought a new stake in shares of First Watch Restaurant Group in the fourth quarter worth about $1,156,000. Victory Capital Management Inc. increased its holdings in First Watch Restaurant Group by 35.5% during the 3rd quarter. Victory Capital Management Inc. now owns 55,200 shares of the company’s stock valued at $863,000 after purchasing an additional 14,450 shares during the period. Finally, California State Teachers Retirement System increased its holdings in First Watch Restaurant Group by 24.2% during the 3rd quarter. California State Teachers Retirement System now owns 45,260 shares of the company’s stock valued at $708,000 after purchasing an additional 8,806 shares during the period. Institutional investors own 96.11% of the company’s stock.

About First Watch Restaurant Group

(Get Free Report)

First Watch Restaurant Group, Inc (NASDAQ: FWRG) operates a specialty daytime dining concept focused on breakfast, brunch and lunch. The company’s casual, full-service cafés emphasize fresh ingredients, made-to-order entrées and a seasonally driven menu that ranges from omelets and Benedicts to salads, skillets and afternoon sandwiches. First Watch positions itself as a daytime-only destination, with most locations opening early morning and closing by mid-afternoon.

Founded in 1983 by Ken Pendery and John Sullivan in Pacific Grove, California, First Watch began as a single café and gradually expanded through company-owned and select franchised locations.

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Earnings History for First Watch Restaurant Group (NASDAQ:FWRG)

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