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

First Watch Restaurant Group (NASDAQ:FWRG) is anticipated to announce its Q3 2026 results before the market opens on Tuesday, November 3rd. Analysts expect the company to announce earnings of $0.03 per share and revenue of $349.36 million for the quarter. Investors may visit the company’s upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Tuesday, November 3, 2026 at 8:00 AM ET.

First Watch Restaurant Group (NASDAQ:FWRG) last announced its earnings results on Tuesday, August 4th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). First Watch Restaurant Group had a net margin of 1.35% and a return on equity of 2.85%. The business had revenue of $354.67 million during the quarter, compared to the consensus estimate of $351.57 million. During the same period in the previous year, the firm posted $0.03 EPS. The company’s revenue was up 15.2% compared to the same quarter last year. On average, analysts expect First Watch Restaurant Group to post $0.15 EPS for the current fiscal year and $0.25 EPS for the next fiscal year.

First Watch Restaurant Group Stock Up 1.6%

NASDAQ FWRG opened at $11.06 on Tuesday. The company has a current ratio of 0.27, a quick ratio of 0.22 and a debt-to-equity ratio of 0.44. The company has a market cap of $682.51 million, a price-to-earnings ratio of 38.14, a PEG ratio of 18.15 and a beta of 1.05. The company has a 50 day moving average of $11.40 and a 200-day moving average of $12.54. First Watch Restaurant Group has a 1-year low of $9.88 and a 1-year high of $18.77.

Wall Street Analyst Weigh In

FWRG has been the topic of several analyst reports. Freedom Capital raised First Watch Restaurant Group to a “strong-buy” rating in a report on Wednesday, July 1st. DA Davidson dropped their price target on First Watch Restaurant Group from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 2nd. Weiss Ratings lowered shares of First Watch Restaurant Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 14th. Stephens lowered their price objective on First Watch Restaurant Group from $21.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. Finally, Guggenheim cut their target price on First Watch Restaurant Group from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, First Watch Restaurant Group has a consensus rating of “Moderate Buy” and an average price target of $17.90.

First Watch Restaurant Group Company Profile

First Watch Restaurant Group, Inc operates a daytime-focused restaurant concept serving breakfast, brunch and lunch. Its restaurants offer made-to-order meals such as omelets, pancakes, French toast, sandwiches, salads and bowls, along with fresh juices, coffee and other beverages. The company generally does not serve dinner, positioning its restaurants around the daytime dining occasion.

First Watch restaurants emphasize fresh preparation and seasonal menu offerings, including items made with eggs, fruits, vegetables and other ingredients prepared in the restaurant.