FWRG

First Watch Restaurant Group, Inc.

Nasdaq · Retail-Eating Places · Inc. DE · CIK 0001789940
$10.34 +1.57% $632.5M
Insider Selling Cluster (7 insiders)3 New Institutional PositionsCongressional Activity (1)
Vol
Market Cap$632.5M
Cap SizeSmall Cap
Analyst ConsensusStrong Buy (89%)
Inst. Holders7 funds
Inst. Value$159.9M
Inst. Activity3 buys / 1 sells
Insider Activity0B / 13S
Insider Net $-$937.1K
Reddit Sentiment50° Neutral
SEC Reports7
Congressional2 trades
Exchange Nasdaq·Sector Retail-Eating Places·Inc. DE·CIK 0001789940·Prev Close $10.18

Recent Activity

Jun 8, 2026 SEC
First Watch appointed Ashlee Weisser as CFO effective June 8, 2026, succeeding Mel Hope who is retiring. Weisser was pro
8-K — Impact 3/10
Jun 8, 2026 SEC
First Watch Restaurant Group announced the appointment of Ashlee Weisser as CFO effective June 8, 2026, succeeding retir
PRESS-RELEASE — Impact 2/10
Jun 8, 2026 earnings
First Watch Restaurant Group, Inc. Announces Appointment of Ashlee Weisser to Chief Financial Officer
<p align="justify">BRADENTON, Fla., June 08, 2026 (GLOBE NEWSWIRE) -- First Watch Restaurant Group
May 21, 2026 Insider
Jemley Charles sold 12,345 shares
Director @ $0.00 ($0.00)
May 21, 2026 Insider
Kussell William A sold 12,345 shares
Director @ $0.00 ($0.00)
May 21, 2026 Insider
Lilak Stephanie sold 12,345 shares
Director @ $0.00 ($0.00)
May 5, 2026 SEC
First Watch reported Q1 2026 EPS of $0.24, a massive beat vs. consensus of -$0.03, on revenue of $331.0M (above $329.3M
PRESS-RELEASE — Impact 6/10
Inst.
FMR LLC — DOUBLED
5,399,098 shares ($81.4M)

Price Targets

$19.45 +89.6% upside Strong Buy
Current $10.26 Low $17.00 Median $20.00 High $22.00 11 analysts
$17.00 $22.00

Analyst Ratings

Strong Buy89% buy · 18 analysts
8Strong Buy
8Buy
2Hold
0Sell
0Strong Sell
Recent Analyst Actions
DateFirmActionRating
Jun 3, 2026 TD Cowen REITERATE Buy → Buy
May 6, 2026 Stephens & Co. REITERATE Overweight → Overweight
May 5, 2026 TD Cowen MAINTAIN Buy → Buy
Apr 28, 2026 DA Davidson MAINTAIN Buy → Buy
Apr 20, 2026 Benchmark MAINTAIN Buy → Buy

Earnings Estimates

PeriodEPS Est.RangeGrowth#
Current Q $0.06 ▼ -36.7% $0.03 — $0.09 12% YoY 9
Next Q $0.07 ▼ -7.1% $0.03 — $0.10 13% YoY 9
Current FY $0.18 ▼ -5.1% $0.10 — $0.25 -56% YoY 7
Next FY $0.27 ▼ -9.5% $0.13 — $0.38 47% YoY 9

Top Institutional Holders

FundValueMove
FMR LLC$81.4MDOUBLED
VANGUARD GROUP INC$50.1M
BANK OF AMERICA CORP$9.0MTRIM
MORGAN STANLEY$8.0MADD
CHARLES SCHWAB INVESTMENT MANAGEMENT$6.2MNEW

Recent Insider Trades

DateInsiderTypeValue
May 21, 2026Jemley CharlesA$0.00
May 21, 2026Kussell WilliamA$0.00
May 21, 2026Lilak StephanieA$0.00
May 21, 2026Tipograph RachelA$0.00
May 21, 2026Solheim JosteinA$0.00

Reddit Sentiment

50°
Neutral
Bearish Neutral Bullish
2 mentions 0 bullish 0 bearish

Congressional Trades

1 members: 1 buys, 1 sells
MemberPartyTypeAmount
Josh GottheimerDBUY$1,001 - $15,000
Josh GottheimerDSELL$1,001 - $15,000
7 institutional holders with $159.9M total value (10,606,243 shares) as of 2025-Q4. Top holders: FMR, VANGUARD, BANK. Net buying activity: 3 institutions added/increased vs 1 reduced.

Top Institutional Holders — 2025-Q4

#FundSharesValue% of TrackedLast Move
1FMR LLC5,399,098$81.4M50.9%DOUBLED +112.2%
2VANGUARD GROUP INC3,320,929$50.1M31.3%
3BANK OF AMERICA CORP /DE/595,450$9.0M5.6%TRIM -30.2%
4MORGAN STANLEY530,690$8.0M5.0%ADD +55.9%
5CHARLES SCHWAB INVESTMENT MANAGEMENT INC411,754$6.2M3.9%NEW
6WELLS FARGO & COMPANY/MN262,232$4.0M2.5%DOUBLED +160.9%
7TWO SIGMA INVESTMENTS, LP86,090$1.3M0.8%DOUBLED +127.8%

Recent Position Changes

FundActionPrev SharesCurr SharesChange %ValueQuarter
FMR LLCDOUBLED2,544,1015,399,098+112.2%$81.4M2025-Q4
BANK OF AMERICA CORP /DE/TRIM853,658595,450-30.2%$9.0M2025-Q4
WELLS FARGO & COMPANY/MNDOUBLED100,505262,232+160.9%$4.0M2025-Q4
TWO SIGMA INVESTMENTS, LPDOUBLED37,79386,090+127.8%$1.3M2025-Q4
BANK OF AMERICA CORP /DE/ADD490,122853,658+74.2%$13.4M2025-Q3
MORGAN STANLEYADD292,203455,413+55.9%$7.1M2025-Q3
TWO SIGMA INVESTMENTS, LPTRIM111,04337,793-66.0%$591.1K2025-Q3
BANK OF AMERICA CORP /DE/TRIM790,191490,122-38.0%$7.9M2025-Q2
TWO SIGMA INVESTMENTS, LPADD87,558111,043+26.8%$1.8M2025-Q2
FMR LLCDOUBLED244,2492,272,377+830.4%$37.8M2025-Q1
MORGAN STANLEYTRIM470,367268,314-43.0%$4.5M2025-Q1
TWO SIGMA INVESTMENTS, LPTRIM211,86587,558-58.7%$1.5M2025-Q1
CITADEL ADVISORS LLCNEAR_EXIT542,98514,193-97.4%$236.3K2025-Q1
UBS Group AGDOUBLED16,582885,156+5238.1%$16.5M2024-Q4
CITADEL ADVISORS LLCNEW542,985$10.1M2024-Q4
CHARLES SCHWAB INVESTMENT MANAGEMENT INCNEW251,403$3.9M2024-Q3
15 unique insiders with 13 transactions. Net insider value: -$937.1K ($0.00 bought, $937.1K sold).

Insider Transactions

DateInsiderTitleTypeSharesPriceValue
May 21, 2026Jemley CharlesDirectorA12,345$0.00$0.00
May 21, 2026Kussell William ADirectorA12,345$0.00$0.00
May 21, 2026Lilak StephanieDirectorA12,345$0.00$0.00
May 21, 2026Tipograph Rachel KDirectorA12,345$0.00$0.00
May 21, 2026Solheim JosteinDirectorA12,345$0.00$0.00
May 21, 2026Alvarez RalphDirectorA17,636$0.00$0.00
May 21, 2026Britt Irene ChangDirectorA12,345$0.00$0.00
May 21, 2026FLEISHER MICHAEL DDirectorA12,345$0.00$0.00
Mar 17, 2026Sorensen Laura AnneChief People OfficerSELL1,697$12.52$21.2K
Mar 17, 2026Eisenacher MatthewChief Brand OfficerSELL2,760$12.52$34.6K
Mar 17, 2026Jones John DanielChief Operations OfficerSELL1,697$12.52$21.2K
Mar 17, 2026Hartman Eric RichardChief Development OfficerSELL1,819$12.52$22.8K
Mar 17, 2026Tomasso Christopher AnthonyPresident and CEOSELL25,062$12.52$313.8K
Mar 17, 2026HOPE H MELVILLE IIICFO and TreasurerSELL3,878$12.52$48.6K
Mar 17, 2026Wolszczak Jay AnthonyChief Legal Officer, GC & SecySELL3,161$12.52$39.6K
Mar 10, 2026Eisenacher MatthewChief Brand OfficerSELL6,070$12.59$76.4K
Mar 10, 2026Wolszczak Jay AnthonyChief Legal Officer, GC & SecySELL6,998$12.59$88.1K
Mar 10, 2026HOPE H MELVILLE IIICFO and TreasurerSELL7,358$12.59$92.6K
Mar 10, 2026Hartman Eric RichardChief Development OfficerSELL4,820$12.59$60.7K
Mar 10, 2026Jones John DanielChief Operations OfficerSELL4,600$12.59$57.9K
Mar 10, 2026Sorensen Laura AnneChief People OfficerSELL4,732$12.59$59.6K
Mar 1, 2026Wolszczak Jay AnthonyChief Legal Officer, GC & SecyA36,115$0.00$0.00
Mar 1, 2026Jones John DanielChief Operations OfficerA30,096$0.00$0.00
Mar 1, 2026Sorensen Laura AnneChief People OfficerA30,096$0.00$0.00
Mar 1, 2026Eisenacher MatthewChief Brand OfficerA28,089$0.00$0.00
Mar 1, 2026Hartman Eric RichardChief Development OfficerA30,096$0.00$0.00
Mar 1, 2026Tomasso Christopher AnthonyPresident and CEOA321,027$0.00$0.00

No press releases analyzed yet. Press releases are collected from GlobeNewsWire and analyzed by the LLM pipeline.

Current analyst consensus: Strong Buy (89% buy). Based on 18 analysts: 8 strong buy, 8 buy, 2 hold, 0 sell, 0 strong sell.

Analyst Price Targets

$19.45 mean target +89.6% upside Strong Buy (1.20)
$17.00 Low $22.00 High
MetricValue
Current Price$10.26
Target Low$17.00
Target Mean$19.45
Target Median$20.00
Target High$22.00
# Analysts11
RecommendationStrong Buy (1.20)

Earnings Estimates & Revisions

PeriodEPS AvgEPS LowEPS HighEPS Growth30d Rev.Up/DownRev. AvgRev. GrowthAnalysts
Current Q
2026-06-30
$0.06 $0.03 $0.09 12.3% -36.7% 0↑ 7↓ $0.4B 14.5% 9
Next Q
2026-09-30
$0.07 $0.03 $0.10 13.4% -7.1% 2↑ 3↓ $0.3B 9.9% 9
Current FY
2026-12-31
$0.18 $0.10 $0.25 -55.8% -5.1% 2↑ 3↓ $1.4B 13.3% 7
Next FY
2027-12-31
$0.27 $0.13 $0.38 46.8% -9.5% 1↑ 5↓ $1.6B 12.4% 9

Current Quarter EPS Revision History

TimepointEPS EstimateChange
Current$0.058
7d ago$0.060-0.002
30d ago$0.091-0.033
60d ago$0.093-0.035
90d ago$0.091-0.033
7 analyst firms have rated this stock: 0 upgrades, 0 downgrades, 1 initiations.

Individual Analyst Actions

DateAnalyst FirmActionPrevious RatingNew Rating
Jun 3, 2026 TD Cowen REITERATE Buy Buy
May 6, 2026 Stephens & Co. REITERATE Overweight Overweight
May 5, 2026 TD Cowen MAINTAIN Buy Buy
Apr 28, 2026 DA Davidson MAINTAIN Buy Buy
Apr 20, 2026 Benchmark MAINTAIN Buy Buy
Mar 6, 2026 DA Davidson INITIATE Buy
Feb 25, 2026 Citigroup MAINTAIN Buy Buy
Feb 25, 2026 Barclays MAINTAIN Overweight Overweight
Feb 25, 2026 Guggenheim MAINTAIN Buy Buy
Feb 25, 2026 Stephens & Co. MAINTAIN Overweight Overweight
Feb 24, 2026 TD Cowen MAINTAIN Buy Buy
Jan 7, 2026 Barclays MAINTAIN Overweight Overweight

Monthly Consensus History

PeriodStrong BuyBuyHoldSellStrong SellBuy %Distribution
Jun 1, 20268820089%
May 1, 20268820089%
Apr 1, 20268820089%
Mar 1, 20268720088%
Feb 1, 20268720088%
Jan 1, 20268720088%
Strong BuyBuyHoldSellStrong Sell
1 members of Congress traded this stock: 1 buys, 1 sells.

Congressional Trades

DateMemberPartyChamberTypeAmountAssetDisclosed
Apr 6, 2026Josh GottheimerDHOUSEBUY$1,001 - $15,000FIRST WATCH RESTAURA GRO INCMay 20, 2026 (45d)
Mar 5, 2026Josh GottheimerDHOUSESELL$1,001 - $15,000FIRST WATCH RESTAURA GRO INCApr 9, 2026 (36d)
50°
Neutral
Bearish Neutral Bullish
2 mentions 0 bullish 0 bearish 2 time periods

Reddit Sentiment History

DateMentionsSentimentBullishBearishThreads
Mar 2, 2026150° Neutral001
Mar 2, 2026150° Neutral001

Recent Reddit Threads

r/investing Neutral 3mo ago
FWRG, this stock is at all time lows but the place is always busy
▲ 1 💬 1 ⚡ 0.5
Jun 8, 2026
earnings
First Watch Restaurant Group, Inc. Announces Appointment of Ashlee Weisser to Chief Financial Officer
<p align="justify">BRADENTON, Fla., June 08, 2026 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (Nasdaq: FWRG) (“First Watch” or the “Compa
Jun 4, 2026
short_volume
Short Volume: FWRG — 56.2% short (0.3M / 0.5M)
Short: 296,812 | Exempt: 0 | TRF Vol: 528,409 | Short Ratio: 56.2% | Off-exchange volume (dark pool + OTC)
May 5, 2026
earnings
First Watch Restaurant Group, Inc. Reports Q1 2026 Financial Results
<p align="center"><strong>Same-restaurant sales growth of 2.8%</strong><br><strong>Total revenues increased 17.3%</strong><br><strong>Net loss of $(2.
May 5, 2026
earnings_calendar
FWRG Q1 2026 Earnings Scheduled — 2026-05-05
Apr 17, 2026
short_volume
Short Volume: FWRG — 61.6% short (0.4M / 0.6M)
Short: 361,784 | Exempt: 15,085 | TRF Vol: 586,993 | Short Ratio: 61.6% | Off-exchange volume (dark pool + OTC)
Apr 16, 2026
short_volume
Short Volume: FWRG — 61.7% short (0.4M / 0.6M)
Short: 388,193 | Exempt: 275 | TRF Vol: 629,376 | Short Ratio: 61.7% | Off-exchange volume (dark pool + OTC)
Apr 2, 2026
short_volume
Short Volume: FWRG — 71.2% short (0.4M / 0.5M)
Short: 361,337 | Exempt: 0 | TRF Vol: 507,407 | Short Ratio: 71.2% | Off-exchange volume (dark pool + OTC)
Feb 24, 2026
earnings_calendar
FWRG Q4 2025 Earnings Before Market Open — 2026-02-24