Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate First Watch Restaurant Group, Inc. before investing.

In this article, we go over a few key elements for understanding First Watch Restaurant Group, Inc.’s stock price such as:

• First Watch Restaurant Group, Inc.’s current stock price and volume
• Why First Watch Restaurant Group, Inc.’s stock price changed recently
• Upgrades and downgrades for FWRG from analysts
• FWRG’s stock price momentum as measured by its relative strength

About First Watch Restaurant Group, Inc. (FWRG)

Before we jump into First Watch Restaurant Group, Inc.’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

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. The company was founded in 1983 and is based in Bradenton, Florida.

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What Caused First Watch Restaurant Group, Inc. Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of November 28, 2025, there was 1 analyst who downgraded First Watch Restaurant Group, Inc.’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate First Watch Restaurant Group, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on First Watch Restaurant Group, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

First Watch Restaurant Group, Inc.’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about First Watch Restaurant Group, Inc. (FWRG) by visiting AAII Stock Evaluator.

Relative Price Strength of First Watch Restaurant Group, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of November 28, 2025, First Watch Restaurant Group, Inc. has a weighted four-quarter relative price strength of -2.94%, which translates to a Momentum Score of 49 and is considered to be Average.

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First Watch Restaurant Group, Inc. Stock Price: Bottom Line

As of December 1, 2025, First Watch Restaurant Group, Inc.’s stock price is $18.190, which is down 1.99% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like First Watch Restaurant Group, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.