First Watch Restaurant Group (FWRG) Gets a Buy from Jefferies

In a report released today, Andy Barish from Jefferies maintained a Buy rating on First Watch Restaurant Group, with a price target of $22.00.

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According to TipRanks, Barish is a 4-star analyst with an average return of 7.3% and a 53.39% success rate. Barish covers the Consumer Cyclical sector, focusing on stocks such as McDonald’s, Dutch Bros Inc, and Black Rock Coffee Bar, Inc. Class A.

In addition to Jefferies, First Watch Restaurant Group also received a Buy from Bank of America Securities’s Sara Senatore in a report issued today. However, yesterday, Stifel Nicolaus assigned a Hold rating to First Watch Restaurant Group (NASDAQ: FWRG).

Based on First Watch Restaurant Group’s latest earnings release for the quarter ending December 28, the company reported a quarterly revenue of $316.35 million and a net profit of $15.16 million. In comparison, last year the company earned a revenue of $263.29 million and had a net profit of $699 thousand

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FWRG in relation to earlier this year. Most recently, in March 2026, Matthew Eisenacher, the Chief Brand Officer of FWRG sold 2,760.00 shares for a total of $34,555.20.