Breakdown | |||||
TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|
Income Statement | Total Revenue | ||||
1.06B | 1.02B | 891.55M | 730.16M | 601.19M | 342.39M | Gross Profit |
363.07M | 792.81M | 190.12M | 139.53M | 127.55M | 29.88M | EBIT |
28.84M | 38.91M | 41.27M | 16.91M | 22.24M | -47.16M | EBITDA |
85.58M | 98.38M | 85.36M | 54.73M | 59.71M | -4.29M | Net Income Common Stockholders |
12.23M | 18.93M | 25.39M | 6.91M | -2.11M | -49.68M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
38.85M | 33.31M | 49.63M | 49.67M | 51.86M | 38.85M | Total Assets |
1.01B | 1.51B | 1.27B | 1.10B | 1.05B | 1.01B | Total Debt |
637.90M | 809.55M | 606.97M | 507.35M | 473.97M | 637.90M | Net Debt |
599.06M | 776.24M | 557.33M | 457.68M | 422.11M | 599.06M | Total Liabilities |
686.65M | 918.97M | 705.76M | 581.31M | 542.49M | 686.65M | Stockholders Equity |
320.87M | 595.39M | 561.28M | 523.13M | 504.43M | 320.87M |
Cash Flow | Free Cash Flow | ||||
-25.19M | -12.28M | 10.65M | -393.00K | 27.29M | -45.34M | Operating Cash Flow |
110.83M | 115.67M | 95.34M | 62.94M | 62.97M | -18.36M | Investing Cash Flow |
-211.26M | -206.65M | -123.37M | -63.11M | -35.68M | -26.97M | Financing Cash Flow |
75.53M | 74.33M | 28.07M | -2.02M | -14.27M | 73.31M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
75 Outperform | $901.52M | 26.62 | 7.37% | ― | 4.57% | 6.89% | |
73 Outperform | $2.66B | 16.84 | 46.60% | 2.01% | 4.42% | 48.23% | |
70 Neutral | $930.86M | 44.27 | 6.01% | ― | 2.91% | -4.86% | |
66 Neutral | $1.25B | 34.98 | 7.80% | 1.83% | 2.26% | -56.99% | |
62 Neutral | $6.88B | 11.26 | 2.78% | 3.93% | 2.65% | -22.00% | |
58 Neutral | $999.07M | 89.27 | 1.86% | ― | 14.43% | -53.71% | |
44 Neutral | $128.58M | 36.29 | -1.62% | ― | 14.40% | -114.79% |
On May 21, 2025, First Watch Restaurant Group held its Annual Meeting of Stockholders, where stockholders elected Class I directors and ratified PricewaterhouseCoopers LLP as the independent accounting firm for the fiscal year ending December 28, 2025. These decisions are expected to impact the company’s governance and financial oversight positively, ensuring continuity and stability in its operations.
The most recent analyst rating on (FWRG) stock is a Buy with a $26.00 price target. To see the full list of analyst forecasts on First Watch Restaurant Group stock, see the FWRG Stock Forecast page.
First Watch Restaurant Group reported a 16.4% increase in total revenues for Q1 2025, despite a net loss of $0.8 million. The company opened 13 new restaurants across 10 states, bringing the total to 584 system-wide locations. Same-restaurant sales grew by 0.7%, although traffic slightly declined by 0.7%. The company updated its fiscal year 2025 guidance, projecting adjusted EBITDA between $114 million and $119 million, with plans to open 59 to 64 new restaurants. Despite macroeconomic uncertainties, First Watch remains optimistic about its growth and development pipeline.
On March 5, 2025, First Watch Restaurant Group, Inc. announced the adoption of an Executive Severance Plan. This plan outlines severance benefits for executive officers in cases of termination without cause or resignation for good reason, including lump sum payments based on salary and target bonuses, as well as healthcare coverage. It also includes provisions for changes in control, offering enhanced benefits if such events occur within two years of a change.
First Watch Restaurant Group reported a significant milestone in 2024, surpassing $1 billion in total revenues and achieving over $100 million in adjusted EBITDA for the first time. Despite a decrease in income from operations and net income compared to the previous year, the company opened 50 new restaurants across 19 states, bringing the total to 572 system-wide locations. Looking forward, First Watch anticipates continued growth in 2025, with plans to open up to 64 new restaurants and achieve a 20% increase in total revenue.