Education
About Us
Working with TipRanks
Follow Us
First Watch Restaurant Group (FWRG)
NASDAQ:FWRG
FWRG Stock Chart & Stats
$18.19
-$0.62(-3.15%)
At close: 4:00 PM EST
$18.19
-$0.62(-3.15%)
Day’s Range― - ―
52-Week Range$12.90 - $22.71
Previous CloseN/A
Volume108.15K
Average Volume (3M)1.20M
Market Cap
$1.11B
Enterprise Value$1.97B
Total Cash (Recent Filing)$19.18M
Total Debt (Recent Filing)$958.77M
Price to Earnings (P/E)230.8
Beta0.96
Next Earnings
Mar 10, 2026EPS Estimate
0.08Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.05
Shares Outstanding61,032,104
10 Day Avg. Volume1,014,817
30 Day Avg. Volume1,201,995
Financial Highlights & Ratios
PEG Ratio-2.12
Price to Book (P/B)1.88
Price to Sales (P/S)1.10
P/FCF Ratio-91.12
Enterprise Value/Market Cap1.77
Enterprise Value/Revenue1.78
Enterprise Value/Gross Profit5.23
Enterprise Value/Ebitda24.86
Forecast
1Y Price Target
$21.86Price Target Upside20.18% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)0.17
Revenue Forecast (FY)$1.23B
Bulls Say, Bears Say
Bulls Say
Market PositioningFWRG continues to extend its lead in the daytime dining space with 10%+ unit growth, while key competitors are largely holding unit growth stable or even contracting.
Marketing StrategyEnhanced marketing tactics have shown a consistent positive spread in traffic growth, which is accelerating on a sequential quarterly basis.
Sales GrowthFirst Watch reported traffic growth, both in-restaurant and via 3PD channels, resulting in above plan same-store sales of 7.1%.
Bears Say
Investor ConcernsThe main investor concern has been the 'Advent Share Overhang', referring to Advent International selling their remaining 5.3 million share position.
Pricing StrategyConcerns on the consumer and First Watch's more discretionary breakfast daypart suggest a preference for a more cautious pricing approach going forward.
Profitability UncertaintyThe profitability impact of reduced third-party pricing premium is less certain than the traffic lift.
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 $12.90 and its highest was $22.71 in the past 12 months.
What is First Watch Restaurant Group’s market cap?
First Watch Restaurant Group’s market cap is $1.11B.
When is First Watch Restaurant Group’s upcoming earnings report date?
First Watch Restaurant Group’s upcoming earnings report date is Mar 10, 2026 which is in 97 days.
How were First Watch Restaurant Group’s earnings last quarter?
First Watch Restaurant Group released its earnings results on Nov 04, 2025. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.07 by -$0.02.
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 0.08.
How many shares outstanding does First Watch Restaurant Group have?
First Watch Restaurant Group has 61,032,104 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 $0.05 in its last earnings report, missing expectations of $0.07. Following the earnings report the stock price went up 11.041%.
Which hedge fund is a major shareholder of First Watch Restaurant Group?
Currently, no hedge funds are holding shares in FWRG
First Watch Restaurant Group Stock Smart Score
Underperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$21.86 (20.18% Upside)
$21.86 (20.18% Upside)
Blogger Sentiment
Bullish
FWRG Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 7.9M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $77.7M over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Negative
20 days / 200 days
Momentum
-1.74%
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
Q3 2025
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial growth, successful new restaurant openings, and operational efficiency. Employee satisfaction and marketing efforts were also notable positives. However, the company faces challenges with commodity and labor cost pressures and a high income tax rate.View all FWRG earnings summariesFWRG Stock 12 Month Forecast
Average Price Target
$21.86
▲(20.18% Upside)
Technical Analysis
BJ's Restaurants
―
Cracker Barrel
―
Cheesecake Factory
―
Potbelly
―
Venu Holding Corporation
―
Ownership Overview
Currently, No data available
---