Guggenheim Cuts First Watch Restaurant Group (NASDAQ:FWRG) Price Target to $20.00

Posted by on Aug 7th, 2026

First Watch Restaurant Group (NASDAQ:FWRG – Get Free Report) had its price objective reduced by stock analysts at Guggenheim from $21.00 to $20.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Guggenheim’s target price points to a potential upside of 60.26% from the stock’s previous close.

A number of other research firms have also recently commented on FWRG. Benchmark lowered their target price on shares of First Watch Restaurant Group from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Stephens reaffirmed an “overweight” rating and issued a $21.00 price target on shares of First Watch Restaurant Group in a report on Wednesday, May 6th. Wall Street Zen downgraded shares of First Watch Restaurant Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 18th. Weiss Ratings raised shares of First Watch Restaurant Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday. Finally, Citigroup dropped their price objective on shares of First Watch Restaurant Group from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday. One research 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 given a Sell rating to the stock. According to data from MarketBeat, First Watch Restaurant Group has a consensus rating of “Moderate Buy” and an average target price of $18.56.

Check Out Our Latest Report on FWRG

First Watch Restaurant Group Stock Up 0.2%

Shares of First Watch Restaurant Group stock traded up $0.03 during trading on Friday, reaching $12.48. The company’s stock had a trading volume of 253,663 shares, compared to its average volume of 1,490,043. First Watch Restaurant Group has a 1-year low of $9.97 and a 1-year high of $19.53. The company has a 50-day simple moving average of $12.10 and a two-hundred day simple moving average of $12.77. The company has a quick ratio of 0.25, a current ratio of 0.27 and a debt-to-equity ratio of 0.44. The company has a market cap of $770.14 million, a price-to-earnings ratio of 43.00, a P/E/G ratio of 8.02 and a beta of 1.03.

First Watch Restaurant Group (NASDAQ:FWRG – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The business had revenue of $354.67 million during the quarter, compared to analysts’ expectations of $351.57 million. First Watch Restaurant Group had a net margin of 1.35% and a return on equity of 2.85%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 earnings per share. As a group, equities analysts forecast that First Watch Restaurant Group will post 0.19 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its stake in shares of First Watch Restaurant Group by 96.7% during the 1st quarter. Bank of New York Mellon Corp now owns 3,957,697 shares of the company’s stock worth $41,477,000 after purchasing an additional 1,946,084 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in First Watch Restaurant Group by 81.4% during the first quarter. The Manufacturers Life Insurance Company now owns 3,357,950 shares of the company’s stock worth $35,191,000 after buying an additional 1,507,074 shares in the last quarter. Vanguard Group Inc. increased its holdings in First Watch Restaurant Group by 15.0% in the fourth quarter. Vanguard Group Inc. now owns 3,320,929 shares of the company’s stock valued at $50,080,000 after buying an additional 432,634 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in First Watch Restaurant Group by 19.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,084,886 shares of the company’s stock valued at $32,328,000 after buying an additional 508,704 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of First Watch Restaurant Group by 51.7% in the second quarter. The Manufacturers Life Insurance Company now owns 2,335,883 shares of the company’s stock worth $37,468,000 after acquiring an additional 796,191 shares during the period. 96.11% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for First Watch Restaurant Group (NASDAQ:FWRG)

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