First Watch Restaurant Group (FWRG)
NASDAQ:FWRG
FWRG Stock Chart & Stats
$10.31
-$0.62(-3.15%)
At close: 4:00 PM EST
$10.31
-$0.62(-3.15%)
Day’s Range― - ―
52-Week Range$10.29 - $20.55
Previous CloseN/A
Volume108.15K
Average Volume (3M)1.13M
Market Cap
$630.33M
Enterprise Value$1.35B
Total Cash (Recent Filing)$21.25M
Total Debt (Recent Filing)$739.60M
Price to Earnings (P/E)48.4
Beta1.02
Next Earnings
May 12, 2026EPS Estimate
-0.03Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.24
Shares Outstanding61,138,140
10 Day Avg. Volume1,258,778
30 Day Avg. Volume1,127,344
Financial Highlights & Ratios
PEG Ratio15.01
Price to Book (P/B)1.50
Price to Sales (P/S)0.77
P/FCF Ratio-30.35
Enterprise Value/Market Cap2.14
Enterprise Value/Revenue1.10
Enterprise Value/Gross Profit8.46
Enterprise Value/Ebitda12.40
Forecast
1Y Price Target
$19.55Price Target Upside89.62% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering11
EPS Forecast (FY)0.2
Revenue Forecast (FY)$1.39B
Bulls Say, Bears Say
Bulls Say
Commodity Cost ImprovementAnalyst points to meaningful improvement in spot prices for key items like eggs, bacon and avocado, which should reduce food costs and help restaurant-level margins.
Unit Expansion PotentialAnalyst highlights strong geographic portability and consistent unit-level sales at First Watch, supporting a long runway for new restaurant openings and continued system growth.
Valuation Upside Vs. PeersAnalyst views First Watch as undervalued compared with high-growth, high-margin restaurant peers, implying potential upside if operational momentum continues.
Bears Say
Leadership Transition RiskAnalyst flags the planned retirement of the chief financial officer, creating a near-term leadership transition that could introduce execution and reporting uncertainty.
Weaker Guidance And Earnings MissAnalyst notes that quarterly results slightly missed estimates and that forward guidance was weaker than expectations, weighing on near-term investor sentiment.
Weather And Traffic HeadwindsAnalyst highlights adverse weather and broader industry traffic weakness that dampened same-store sales, indicating vulnerability to macro-driven traffic trends.
First Watch Restaurant Group News
FWRG FAQ
What was First Watch Restaurant Group’s price range in the past 12 months?
First Watch Restaurant Group lowest stock price was $10.29 and its highest was $20.55 in the past 12 months.
What is First Watch Restaurant Group’s market cap?
First Watch Restaurant Group’s market cap is $630.33M.
When is First Watch Restaurant Group’s upcoming earnings report date?
First Watch Restaurant Group’s upcoming earnings report date is May 12, 2026 which is in 43 days.
How were First Watch Restaurant Group’s earnings last quarter?
First Watch Restaurant Group released its earnings results on Feb 24, 2026. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.17.
Is First Watch Restaurant Group overvalued?
According to Wall Street analysts First Watch Restaurant Group’s price is currently Undervalued.
Does First Watch Restaurant Group pay dividends?
First Watch Restaurant Group does not currently pay dividends.
What is First Watch Restaurant Group’s EPS estimate?
First Watch Restaurant Group’s EPS estimate is -0.03.
How many shares outstanding does First Watch Restaurant Group have?
First Watch Restaurant Group has 61,138,140 shares outstanding.
What happened to First Watch Restaurant Group’s price movement after its last earnings report?
First Watch Restaurant Group reported an EPS of $0.24 in its last earnings report, beating expectations of $0.07. Following the earnings report the stock price went down -20.516%.
Which hedge fund is a major shareholder of First Watch Restaurant Group?
Currently, no hedge funds are holding shares in FWRG
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
First Watch Restaurant Group Stock Smart Score
Underperform
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Analyst Consensus
Strong Buy
Average Price Target:
$19.55 (89.62% Upside)
$19.55 (89.62% Upside)
Blogger Sentiment
Bullish
FWRG Sentiment 100%
Sector Average 64%
Sector Average 64%
Hedge Fund Trend
Decreased
By 4.9M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.4M over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-14.50%
12-Months-Change
Fundamentals
Return on Equity
0.83%
Trailing 12-Months
Asset Growth
15.84%
Trailing 12-Months
Company Description
First Watch Restaurant Group
First Watch Restaurant Group, Inc. operates and franchises restaurants under the First Watch trade name. As of March 23, 2022, it operated 341 company-owned restaurants and 94 franchised restaurants in 28 states 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 headquartered in Bradenton, Florida.
FWRG Company Deck
FWRG Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presents a broadly positive outlook: the company reported strong top-line growth (>20%), significant adjusted EBITDA expansion (+38.7% in the quarter), healthy restaurant-level margins (~18.5%-19%), record unit openings with new-unit sales running ~19% above underwriting, and early, repeatable marketing/delivery initiatives that generated positive returns. Management provided constructive 2026 guidance (same-store sales +1% to +3%, total revenue +12%–14%, adjusted EBITDA $132M–$140M) while acknowledging industry traffic headwinds, commodity and labor inflation, near-term weather and G&A timing impacts, and a planned CFO transition. On balance, the highlights (robust growth, margin resilience, scalable marketing, development momentum, and strong employee metrics) outweigh the manageable near-term headwinds and execution risks.View all FWRG earnings summariesFWRG Stock 12 Month Forecast
Average Price Target
$19.55
▲(89.62% Upside)
Technical Analysis
Ownership Overview
Currently, No data available
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