First Watch Restaurant Group Inc (FWRG)

Sep 25, 2026

First Watch Restaurant Group (NASDAQ: FWRG) announced a 15.2% increase in Q2 2026 revenue, driven by 3.4% same-restaurant sales growth and successful new openings. The company's marketing efforts boosted brand awareness and customer return rates, leading to improved traffic trends. First Watch is adjusting its long-term strategy to balance unit growth with free cash flow generation, aiming for 50 new company-operated restaurants annually starting in 2027, and updated its 2026 financial outlook.

Sep 21, 2026

Corient Private Wealth LP significantly increased its stake in First Watch Restaurant Group, Inc. ($FWRG) by 105.3% in the second quarter, now holding 285,062 shares valued at approximately $3.7 million. Other institutional investors also raised their positions, contributing to 96.11% institutional ownership. Despite the company missing analyst EPS estimates for the quarter, analysts maintain a "Moderate Buy" rating with an average target price of $18.56.

Sep 19, 2026

Squarepoint Ops LLC reduced its stake in First Watch Restaurant Group (NASDAQ:FWRG) by 69.7% in the second quarter, selling 131,335 shares. Despite this, institutional ownership remains high at 96.11%, with several other major institutions increasing or acquiring new positions. First Watch reported a 15.2% year-over-year revenue increase to $354.67 million but missed EPS estimates by one cent, while analysts maintain a "Moderate Buy" rating with an average target price of $18.56.

Sep 18, 2026

First Watch Restaurant Group (NASDAQ:FWRG) recently reached a new 52-week low, trading at $9.96 before recovering slightly. Despite a consensus "Moderate Buy" rating from analysts with an average price target of $18.56, some recent adjustments include a downgrade to "sell" by Weiss Ratings. The company missed EPS estimates but exceeded revenue expectations in its last quarterly report, with institutional investors holding a significant 96.11% of the stock.