Citigroup Maintains Buy Rating on First Watch Restaurant Group

Guggenheim Maintains Buy on First Watch Restaurant Gr, Raises Price Target to $21

First Watch Restaurant Group, Inc. Receives Analyst Price Target Updates

Analysts have updated their price targets for First Watch Restaurant Group, Inc., with some firms raising their outlook for the company's stock.

Stephens & Co. Maintains Overweight Rating on First Watch Restaurant Group

Stephens & Co. reaffirmed its 'Overweight' rating and $18.00 price target for First Watch Restaurant Group, Inc. on November 4, 2026.

First Watch Restaurant Group: 3 Key Takeaways for Long-Term Investors

First Watch Restaurant Group raised its long-term adjusted EBITDA growth target to above 15% (from 11-14%), driven by operational leverage and store labor optimization. The company is testing new digital channels including TikTok GO to boost customer awareness and drive restaurant visits. Management adopted a flexible expansion strategy beyond 2027, planning approximately 55 new restaurants in 2027 while preserving capital allocation optionality amid higher interest rates.

First Watch Restaurant Group, Inc. Reports Q3 2026 Financial Results

First Watch reported its third-quarter 2026 financial results, highlighting a 10.7% increase in total revenue and an upward revision to its full-year 2026 Adjusted EBITDA outlook.

8-K filing — First Watch Restaurant Group, Inc. (FWRG)

Filed: 2026-11-03 AccNo: 0001789940-26-000102 Size: 1 MB Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits