First Watch Restaurant Group (FWRG) Projected to Post Quarterly Earnings on Tuesday

First Watch Restaurant Group (NASDAQ:FWRG) is anticipated to issue its Q3 2025 results before the market opens on Tuesday, November 4th. Analysts expect First Watch Restaurant Group to post earnings of $0.07 per share and revenue of $308.31 million for the quarter. First Watch Restaurant Group has set its FY 2025 guidance at EPS.Interested persons can check the company’s upcoming Q3 2025 earningsummary page for the latest details on the call scheduled for Tuesday, November 4, 2025 at 8:00 AM ET.

First Watch Restaurant Group (NASDAQ:FWRG) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.04). The business had revenue of $307.89 million during the quarter, compared to analysts’ expectations of $304.94 million. First Watch Restaurant Group had a net margin of 0.37% and a return on equity of 0.69%. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 EPS. On average, analysts expect First Watch Restaurant Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

First Watch Restaurant Group Stock Performance

NASDAQ:FWRG opened at $16.49 on Monday. First Watch Restaurant Group has a 52 week low of $12.90 and a 52 week high of $22.71. The company has a fifty day simple moving average of $17.19 and a two-hundred day simple moving average of $17.07. The company has a quick ratio of 0.23, a current ratio of 0.27 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 274.88, a price-to-earnings-growth ratio of 4.32 and a beta of 0.87.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FWRG shares. Benchmark lifted their price objective on First Watch Restaurant Group from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Zacks Research upgraded shares of First Watch Restaurant Group from a “strong sell” rating to a “hold” rating in a research note on Friday, October 24th. Barclays increased their price objective on shares of First Watch Restaurant Group from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Wall Street Zen lowered shares of First Watch Restaurant Group from a “hold” rating to a “sell” rating in a report on Monday, October 27th. Finally, Raymond James Financial boosted their target price on shares of First Watch Restaurant Group from $21.00 to $22.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.09.

Insider Activity at First Watch Restaurant Group

In related news, major shareholder International L.P. Advent sold 5,000,000 shares of the company’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $17.70, for a total value of $88,500,000.00. Following the completion of the sale, the insider owned 9,689,784 shares in the company, valued at $171,509,176.80. This represents a 34.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its holdings in shares of First Watch Restaurant Group by 435.5% in the second quarter. Tower Research Capital LLC TRC now owns 7,277 shares of the company’s stock valued at $117,000 after buying an additional 5,918 shares during the last quarter. Captrust Financial Advisors purchased a new stake in First Watch Restaurant Group during the 2nd quarter valued at approximately $545,000. Manatuck Hill Partners LLC purchased a new position in shares of First Watch Restaurant Group in the 2nd quarter valued at approximately $3,208,000. Lazard Asset Management LLC increased its holdings in shares of First Watch Restaurant Group by 13.4% in the second quarter. Lazard Asset Management LLC now owns 2,281,137 shares of the company’s stock valued at $36,589,000 after purchasing an additional 269,726 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in shares of First Watch Restaurant Group during the second quarter worth $379,000. 96.11% of the stock is currently owned by institutional investors and hedge funds.

First Watch Restaurant Group Company Profile

First Watch Restaurant Group, Inc, through its subsidiaries, operates and franchises restaurants under the First Watch trade name in the United States. The company was formerly known as AI Fresh Super Holdco, Inc and changed its name to First Watch Restaurant Group, Inc in December 2019. First Watch Restaurant Group, Inc was founded in 1983 and is based in Bradenton, Florida.