First Watch Restaurant Group, Inc. (FWRG)
FWRG moved a median of -0.21% 30 minutes after news, and +0.09% by the close. How FWRG actually reacts to news — the realized, point-in-time move the market made, measured across 284 labeled events over the last three years with zero look-ahead.
FWRG’s median reaction, across the day.
| Horizon | Median | % positive | Events |
|---|---|---|---|
| 5-min | -0.09% | 44% | 282 |
| 30-min | -0.21% | 42% | 284 |
| 60-min | -0.20% | 44% | 284 |
| to close | +0.09% | 52% | 282 |
| Middle 50% of FWRG reactions | -0.79% to +0.99% |
|---|---|
| Median reaction (30-min) | -0.21% |
| Measured reactions | 284 |
Half of all First Watch Restaurant Group, Inc. news events land between -0.79% and +0.99% at 30 minutes.
Reaction stats as of 2026-09-21. Newest measured event . Reaction = percent move vs. the price at the news timestamp.
How FWRG reacts, by analyst action.
| Event | Events | Median 30-min | % positive | Median to close |
|---|---|---|---|---|
| Analyst upgrades | 22 | -0.71% | 23% | -0.85% |
| Analyst downgrades | 12 | -0.58% | 25% | -1.45% |
| Coverage initiations | 11 | -2.85% | 27% | -0.31% |
| Rating reiterations | 87 | 0.00% | 49% | +0.47% |
| Price-target raises | 18 | -0.30% | 44% | +0.75% |
| Price-target cuts | 25 | +0.25% | 56% | +0.46% |
Last 3 years, pulled 2026-09-21. Reaction = percent move vs. the price at the news timestamp. Counts and medians only. The same measurement runs across every name in the dataset. See how FWRG ranks against every other measured name →
That’s how FWRG usually reacts — get an email when it moves on news →Email me when FWRG moves on news.
One email per qualifying move — the headline, the measured reaction, and how it compares to FWRG's baseline. Nothing else.
Recent FWRG events, each with its measured reaction.
| Date | Headline | Event | Source | 5-min | To close |
|---|---|---|---|---|---|
| First Watch Restaurant Group, Inc. to Participate in Two September Investor Conferences | Press release | GlobeNewswire | +1.29% | +0.97% | |
| First Watch Restaurant Group, Inc. Reports Q2 2026 Financial Results | Press release | GlobeNewswire | -2.10% | +2.48% | |
| Form 10-Q First Watch Restaurant For: Jun 28 | SEC filing · Form 10-Q | SEC EDGAR | -2.10% | +2.48% | |
| Form 8-K First Watch Restaurant For: Aug 04 | SEC filing · Form 8-K | SEC EDGAR | -2.10% | +2.48% | |
| Form 8-K/A First Watch Restaurant For: May 20 | SEC filing · Form 8-K | SEC EDGAR | +1.58% | -3.85% | |
| First Watch Restaurant Group, Inc. to Report Second Quarter 2026 Financial Results on August 4, 2026 | Press release | GlobeNewswire | +0.58% | +2.48% | |
| First Watch Restaurant Group, Inc. Announces Appointment of Ashlee Weisser to Chief Financial Officer | Press release | GlobeNewswire | +2.94% | +0.49% | |
| Form 8-K First Watch Restaurant For: Jun 06 | SEC filing · Form 8-K | SEC EDGAR | +2.94% | +0.49% | |
| Form 8-K First Watch Restaurant For: May 20 | SEC filing · Form 8-K | SEC EDGAR | +0.57% | +1.32% | |
| First Watch Restaurant Group, Inc. Reports Q1 2026 Financial Results | Press release | GlobeNewswire | +3.15% | -2.79% | |
| Form 10-Q First Watch Restaurant For: Mar 29 | SEC filing · Form 10-Q | SEC EDGAR | +3.15% | -2.79% | |
| Form 8-K First Watch Restaurant For: May 05 | SEC filing · Form 8-K | SEC EDGAR | +3.15% | -2.79% | |
| First Watch Restaurant Group, Inc. to Report First Quarter 2026 Financial Results on May 5, 2026 | Press release | GlobeNewswire | +0.70% | -1.40% | |
| Legacy 4-H Club Expresses Gratitude for Strong Community Support of Annual Lucas Founders Day Silent Auction | Press release | GlobeNewswire | -0.18% | -1.69% | |
| Form ARS First Watch Restaurant For: Dec 28 | SEC filing · Form ARS | SEC EDGAR | +0.32% | +4.96% | |
| Form DEF 14A First Watch Restaurant For: May 20 | SEC filing · Form DEF | SEC EDGAR | +0.32% | +4.96% | |
| Form DEFA14A First Watch Restaurant | SEC filing · Form DEFA14A | SEC EDGAR | +0.32% | +4.96% | |
| Form 8-K First Watch Restaurant For: Mar 27 | SEC filing · Form 8-K | SEC EDGAR | +2.35% | -1.17% | |
| First Watch Restaurant Group, Inc. to Participate in Three March Investor Conferences | Press release | GlobeNewswire | +1.41% | +2.90% | |
| First Watch Restaurant Group, Inc. Announces Retirement of Chief Financial Officer Mel Hope and Transition Plan | Press release | GlobeNewswire | +3.74% | -10.46% | |
| First Watch Restaurant Group, Inc. Reports 2025 Financial Results and Provides Outlook for 2026 | Press release | GlobeNewswire | +3.74% | -10.46% | |
| Form 10-K First Watch Restaurant For: Dec 28 | SEC filing · Form 10-K | SEC EDGAR | +3.74% | -10.46% | |
| Form 8-K First Watch Restaurant For: Feb 20 | SEC filing · Form 8-K | SEC EDGAR | +3.74% | -10.46% | |
| Form 8-K/A First Watch Restaurant For: Feb 20 | SEC filing · Form 8-K | SEC EDGAR | -1.46% | -10.40% | |
| UPDATE – First Watch Restaurant Group, Inc. Reports 2025 Financial Results and Provides Outlook for 2026 | Press release | GlobeNewswire | +1.77% | -10.46% | |
| First Watch Restaurant Group, Inc. to Report Fourth Quarter and Fiscal Year 2025 Financial Results on February 24, 2026 | Press release | GlobeNewswire | -0.77% | -2.51% | |
| First Watch Restaurant Group, Inc. Reports Preliminary Operational Metrics for the Fourth Quarter and Fiscal Year 2025 | Press release | GlobeNewswire | -1.03% | +5.85% | |
| Form 8-K First Watch Restaurant For: Jan 12 | SEC filing · Form 8-K | SEC EDGAR | -0.35% | +3.91% | |
| First Watch Brings a Fresh Take on Breakfast to the Heart of Back Bay | Press release | GlobeNewswire | +1.25% | -2.18% | |
| First Watch Restaurant Group, Inc. to Participate in the 28th Annual ICR Conference | Press release | GlobeNewswire | +1.31% | -1.06% | |
| First Watch Restaurant Group, Inc. Announces Appointment of Rachel Tipograph to Board of Directors | Press release | GlobeNewswire | +0.36% | -1.50% | |
| Form 8-K First Watch Restaurant For: Dec 23 | SEC filing · Form 8-K | SEC EDGAR | +0.36% | -1.50% | |
| First Watch Restaurant Group, Inc. to Participate in Two December Investor Conferences | Press release | GlobeNewswire | +0.35% | +4.86% | |
| Form 8-K First Watch Restaurant For: Nov 05 | SEC filing · Form 8-K | SEC EDGAR | +0.41% | +2.26% | |
| First Watch Restaurant Group, Inc. Announces Secondary Offering of Common Stock | Press release | GlobeNewswire | +3.74% | -4.01% | |
| Form S-3ASR First Watch Restaurant | SEC filing · Form S-3ASR | SEC EDGAR | +3.74% | -4.01% | |
| First Watch Restaurant Group, Inc. Reports Q3 2025 Financial Results | Press release | GlobeNewswire | -1.71% | +0.40% | |
| Form 10-Q First Watch Restaurant For: Sep 28 | SEC filing · Form 10-Q | SEC EDGAR | -1.71% | +0.40% | |
| Form 8-K First Watch Restaurant For: Nov 04 | SEC filing · Form 8-K | SEC EDGAR | -1.71% | +0.40% | |
| First Watch Restaurant Group, Inc. to Report Third Quarter 2025 Financial Results on November 4, 2025 | Press release | GlobeNewswire | -0.86% | +1.60% | |
| First Watch Named #1 Most Loved Workplace® in America for Second Consecutive Year | Press release | GlobeNewswire | +0.06% | +3.48% | |
| Viva Las Breakfast! First Watch Makes Nevada Debut with New Craig Road Location | Press release | GlobeNewswire | +0.06% | +0.76% | |
| First Watch Restaurant Group, Inc. to Participate at Piper Sandler’s Growth Frontiers Conference on September 9-11, 2025 | Press release | GlobeNewswire | +0.66% | -2.10% | |
| Form 8-K/A First Watch Restaurant For: Aug 06 | SEC filing · Form 8-K | SEC EDGAR | -1.78% | — | |
| Form 8-K First Watch Restaurant For: Aug 06 | SEC filing · Form 8-K | SEC EDGAR | -0.23% | +0.40% | |
| First Watch Restaurant Group, Inc. Announces Secondary Offering of Common Stock | Press release | GlobeNewswire | -0.44% | -1.17% | |
| First Watch Restaurant Group, Inc. Reports Q2 2025 Financial Results and Reaches 600th System-Wide Restaurant Milestone | Press release | GlobeNewswire | -5.29% | -7.51% | |
| Form 10-Q First Watch Restaurant For: Jun 29 | SEC filing · Form 10-Q | SEC EDGAR | -5.29% | -7.51% | |
| Form 8-K First Watch Restaurant For: Aug 05 | SEC filing · Form 8-K | SEC EDGAR | -5.29% | -7.51% | |
| Form S-8 First Watch Restaurant | SEC filing · Form S-8 | SEC EDGAR | -0.50% | +4.79% |
Each reaction is the move the market actually made, measured from the news timestamp. Headlines link through to the FWRG section they belong to.
Where else FWRG is measured.
FWRG earnings → · Analyst actions → · SEC filings →
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How the numbers are made.
How is First Watch Restaurant Group, Inc.'s median reaction calculated?
Every labeled FWRG news event is measured from its own timestamp: the last trade before the news is the base price, and the move is read at fixed horizons — 30 minutes of trading, then the close. The median across 284 events is what this page reports. Point-in-time, zero look-ahead: no event borrows information from a later one.
What counts as a positive reaction?
Any event whose price move is above zero at the horizon, relative to the last trade before the news timestamp. 42% of FWRG's measured events are up at 30 minutes; the rest close the window flat or negative.
How often is this page updated?
The news table refreshes automatically as new events are labeled and priced. The reaction medians are re-pulled in batches from the dataset — the figures here are as of 2026-09-21.
Does FWRG's past reaction predict its next one?
No. These are realized facts about past events, not forecasts. They describe a distribution — they say nothing certain about any future move.