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.
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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. reaffirmed its 'Overweight' rating and $18.00 price target for First Watch Restaurant Group, Inc. on November 4, 2026.
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 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.
Filed: 2026-11-03 AccNo: 0001789940-26-000102 Size: 1 MB Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits
First Watch Restaurant Group, Inc. has entered into a multi-year agreement with NCR Voyix to deploy the Aloha Next cloud-native restaurant point-of-sale and management solution across its nearly 600 corporate-owned locations.