FWRG

First Watch Restaurant Group Inc

10.89

Oct 23 • 3:59 PM ET -0.67 (-5.80%)

10.89

Aftermarket • 7:30 PM ET 0.00 (0.00%)

Consumer Cyclical Restaurants USA Small NASD

Peers: DIN CBRL SG BJRI CAKE SHAK PTLO CAVA RRGB BROS

| Held by: VTI IWM DFSV DFAT VXF IWN SCHA VTWO AVRY BSVO

Scroll to Statements

Index	RUT
Market Cap	672.05M
Enterprise Value	1.73B
Income	17.81M
Sales	1.32B
Book/sh	10.28
Cash/sh	0.33
Dividend Est.	-
Dividend TTM	-
Dividend Ex-Date	-
Dividend Gr. 3/5Y	- -
Payout	0.00%
Employees	17500
IPO	Oct 01, 2021

P/E	38.55
Forward P/E	44.30
PEG	12.17
P/S	0.51
P/B	1.06
P/C	32.81
P/FCF	-
EV/EBITDA	14.84
EV/Sales	1.31
Quick Ratio	0.22
Current Ratio	0.27
Debt/Eq	1.70
LT Debt/Eq	1.54
Option/Short	Yes / Yes

EPS (ttm)	0.28
EPS next Y	0.25
EPS next Q	0.04
EPS this Y	-65.93%
EPS next Y	132.73%
EPS next 5Y	3.64%
EPS past 3/5Y	39.13% -
Sales past 3/5Y	18.74% 28.99%
EPS Y/Y TTM	332.49%
Sales Y/Y TTM	19.27%
EPS Q/Q	11.90%
Sales Q/Q	15.20%
Earnings	Nov 03 BMO
EPS/Sales Surpr.	-24.10% 0.88%

Insider Own	2.29%
Insider Trans	0.00%
Inst Own	106.51%
Inst Trans	-3.62%
ROA	1.02%
ROE	2.88%
ROIC	1.10%
Gross Margin	13.30%
Oper. Margin	2.50%
Profit Margin	1.35%
SMA20	-2.06%
SMA50	-4.78%
SMA200	-13.14%
Trades

Shs Outstand	61.71M
Shs Float	60.30M
Short Float	11.24%
Short Ratio	5.22
Short Interest	6.78M
52W High	18.80 -42.07%
52W Low	9.88 10.22%
Volatility	5.87% 4.94%
ATR (14)	0.59
RSI (14)	45.14
Beta	1.04
Rel Volume	1.31
Avg Volume	1.30M
Volume	1,694,813

Perf Week	-10.15%
Perf Month	6.56%
Perf Quarter	-15.48%
Perf Half Y	-18.00%
Perf YTD	-27.79%
Perf Year	-39.50%
Perf 3Y	-37.45%
Perf 5Y	-51.64%
Perf 10Y	-
Recom	1.00
Target Price	18.50
Prev Close	11.56
Price	10.89
Change %	-5.80%

Date	Action	Analyst	Rating Change	Price Target Change
Mar-06-26	Initiated	DA Davidson	Buy	$17
Apr-01-25	Upgrade	TD Cowen	Hold → Buy	$22
Oct-17-24	Initiated	Stephens	Overweight	$20
Aug-27-24	Initiated	The Benchmark Company	Buy	$23
Jan-04-24	Downgrade	Stifel	Buy → Hold	$22 → $20
Oct-18-23	Upgrade	Raymond James	Outperform → Strong Buy	$24 → $22
Jul-18-23	Initiated	Piper Sandler	Overweight	$22
Apr-12-22	Resumed	Citigroup	Buy	$22 → $17
Jan-27-22	Upgrade	Citigroup	Neutral → Buy	$24.50 → $22
Jan-13-22	Initiated	Raymond James	Outperform	$24
Oct-26-21	Initiated	Stifel	Buy	$25
Oct-26-21	Initiated	Piper Sandler	Overweight	$25
Oct-26-21	Initiated	Jefferies	Buy	$30
Oct-26-21	Initiated	Guggenheim	Buy	$26
Oct-26-21	Initiated	Goldman	Buy	$26
Oct-26-21	Initiated	Cowen	Market Perform	$21.50
Oct-26-21	Initiated	Citigroup	Neutral	$24.50
Oct-26-21	Initiated	BofA Securities	Buy	$30
Oct-26-21	Initiated	Barclays	Overweight	$26

Show Previous Ratings

Oct-20-26 09:00AM	First Watch Restaurant Group, Inc. to Report Third Quarter 2026 Financial Results on November 3, 2026 (GlobeNewswire)
Aug-27-26 04:05PM	First Watch Restaurant Group, Inc. to Participate in Two September Investor Conferences (GlobeNewswire)
Aug-04-26 03:01PM	First Watch Restaurant Group Inc (FWRG) (Q2 2026) Earnings Call Highlights: Revenue Surges 15. ... (GuruFocus.com)
07:00AM	First Watch Restaurant Group, Inc. Reports Q2 2026 Financial Results (GlobeNewswire)
Aug-03-26 09:29AM	Earnings To Watch: First Watch Restaurant Group Inc (FWRG) Q2 2026 -- GF Value Sees 116% Upside (GuruFocus.com)
09:00AM	Loading…
Jul-21-26 09:00AM	First Watch Restaurant Group, Inc. to Report Second Quarter 2026 Financial Results on August 4, 2026 (GlobeNewswire)
Jul-01-26 10:38AM	Freedom Capital bullish on restaurant stocks Dutch Bros and El Pollo Loco (Investing.com)
Jun-09-26 06:41AM	First Watch appoints former Darden exec as CFO (Restaurant Dive)
06:41AM	First Watch appoints CFO (Restaurant Dive)
Jun-08-26 04:11PM	First Watch Restaurant Group, Inc. Announces Appointment of Ashlee Weisser to Chief Financial Officer (GlobeNewswire)
May-06-26 07:39AM	First Watch revenue rises 17% to $331m in Q1 2026 (Verdict Food Service)
May-05-26 07:00AM	First Watch Restaurant Group, Inc. Reports Q1 2026 Financial Results (GlobeNewswire)
May-04-26 09:23AM	First Watch Restaurant Group Inc (FWRG) Q1 2026 Earnings Report Preview: What to Look For (GuruFocus.com) -6.72%
08:45AM	Americas Fastest-Growing Breakfast Chain Has Fans and Haters (Bloomberg)
Apr-21-26 08:00AM	First Watch Restaurant Group, Inc. to Report First Quarter 2026 Financial Results on May 5, 2026 (GlobeNewswire)
12:00PM	Loading…
Apr-12-26 12:00PM	Restaurants Are Finding It Harder Than Ever to Hire Someone to Wash the Dishes (The Wall Street Journal)
Mar-10-26 02:05AM	First Watch Restaurant Group, Inc. (FWRG) PT Lowered by BofA on Softer Same-Restaurant Sales Outlook (Insider Monkey)
Mar-09-26 11:41PM	Sit-Down Dining Stocks Q4 Highlights: First Watch (NASDAQ:FWRG) (StockStory)
Mar-05-26 03:41PM	Why Are First Watch (FWRG) Shares Soaring Today (StockStory) +8.44%
Feb-26-26 08:00AM	First Watch Restaurant Group, Inc. to Participate in Three March Investor Conferences (GlobeNewswire)
Feb-24-26 02:00PM	First Watch Restaurant Group Inc (FWRG) Q4 2025 Earnings Call Highlights: Strong Revenue Growth ... (GuruFocus.com) -20.52%
11:47AM	First Watch Restaurant Group Q4 Earnings Call Highlights (MarketBeat)
11:26AM	Why First Watch (FWRG) Shares Are Plunging Today (StockStory)
09:50AM	UPDATE - First Watch Restaurant Group, Inc. Reports 2025 Financial Results and Provides Outlook for 2026 (GlobeNewswire)
09:30AM	Compared to Estimates, First Watch Restaurant Group (FWRG) Q4 Earnings: A Look at Key Metrics (Zacks)
08:50AM	First Watch Restaurant Group, Inc. (FWRG) Tops Q4 Earnings and Revenue Estimates (Zacks)
07:16AM	First Watch (NASDAQ:FWRG) Posts Q4 CY2025 Sales In Line With Estimates (StockStory)
07:05AM	First Watch Restaurant Group, Inc. Announces Retirement of Chief Financial Officer Mel Hope and Transition Plan (GlobeNewswire)
07:00AM	First Watch Restaurant Group, Inc. Reports 2025 Financial Results and Provides Outlook for 2026 (GlobeNewswire)
Feb-23-26 01:55PM	First Watch, Wingstop, CAVA, Shake Shack, and Bloomin' Brands Stocks Trade Down, What You Need To Know (StockStory)
07:25AM	Loading…
07:25AM	First Watch Restaurant Group Inc (FWRG) Q4 2025 Earnings Report Preview: What To Look For (GuruFocus.com)
Feb-22-26 10:08PM	First Watch (FWRG) To Report Earnings Tomorrow: Here Is What To Expect (StockStory)
Feb-18-26 10:00AM	Analysts Estimate Bloomin' Brands (BLMN) to Report a Decline in Earnings: What to Look Out for (Zacks)
Feb-17-26 10:00AM	First Watch Restaurant Group, Inc. (FWRG) Earnings Expected to Grow: Should You Buy? (Zacks)
Feb-15-26 11:39PM	1 of Wall Street's Favorite Stock for Long-Term Investors and 2 We Question (StockStory)
Feb-10-26 08:00AM	First Watch Restaurant Group, Inc. to Report Fourth Quarter and Fiscal Year 2025 Financial Results on February 24, 2026 (GlobeNewswire)
Jan-29-26 05:40AM	Casual chains need to prioritize experience to win in 2026 (Restaurant Dive)
Jan-28-26 01:18PM	Do Options Traders Know Something About FWRG Stock We Don't? (Zacks)
Jan-14-26 11:04PM	3 Reasons to Sell FWRG and 1 Stock to Buy Instead (StockStory)
Jan-12-26 04:06PM	Why First Watch (FWRG) Stock Is Trading Up Today (StockStory) +5.78%
07:00AM	First Watch Restaurant Group, Inc. Reports Preliminary Operational Metrics for the Fourth Quarter and Fiscal Year 2025 (GlobeNewswire)
Jan-07-26 09:00AM	First Watch Brings a Fresh Take on Breakfast to the Heart of Back Bay (GlobeNewswire)
Jan-05-26 04:05PM	First Watch Restaurant Group, Inc. to Participate in the 28th Annual ICR Conference (GlobeNewswire)
Jan-04-26 11:36PM	3 Stocks Under $50 with Open Questions (StockStory)
Dec-29-25 04:05PM	First Watch Restaurant Group, Inc. Announces Appointment of Rachel Tipograph to Board of Directors (GlobeNewswire)
Dec-18-25 10:39AM	First Watch Restaurant Group, Inc. (FWRG): A Bear Case Theory (Insider Monkey)
Dec-01-25 05:56AM	2 High-Flying Stocks on Our Buy List and 1 We Find Risky (StockStory)
Nov-27-25 10:31PM	Winners And Losers Of Q3: First Watch (NASDAQ:FWRG) Vs The Rest Of The Sit-Down Dining Stocks (StockStory)
Nov-25-25 08:00AM	First Watch Restaurant Group, Inc. to Participate in Two December Investor Conferences (GlobeNewswire) +6.29%
Nov-20-25 10:33PM	Sit-Down Dining Stocks Q3 In Review: First Watch (NASDAQ:FWRG) Vs Peers (StockStory) +8.73%
Nov-13-25 04:05PM	First Watch Restaurant Group, Inc. to Participate at the Stephens Annual Investment Conference on November 18-19, 2025 (GlobeNewswire)
Nov-05-25 04:41PM	First Watch Restaurant Group, Inc. Announces Secondary Offering of Common Stock (GlobeNewswire)
Nov-04-25 04:04PM	First Watch Restaurant Group Inc (FWRG) Q3 2025 Earnings Call Highlights: Record Revenue Growth ... (GuruFocus.com) +11.04%
03:09PM	Higher inflation costs have subsided leading to margin improvement: First Watch CEO Chris Tomasso (CNBC TV)
01:00PM	Denny's announces sale of company. Will it affect Maine, NH locations? (Portsmouth Herald)
11:56AM	First Watch (FWRG) Stock Trades Up, Here Is Why (StockStory)
09:30AM	First Watch Restaurant Group (FWRG) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates (Zacks)
08:50AM	First Watch Restaurant Group, Inc. (FWRG) Q3 Earnings Lag Estimates (Zacks)
07:17AM	First Watch (NASDAQ:FWRG) Beats Q3 Sales Expectations, Stock Soars (StockStory)
07:00AM	First Watch Restaurant Group, Inc. Reports Q3 2025 Financial Results (GlobeNewswire)
Nov-03-25 07:47AM	First Watch Restaurant Group Inc (FWRG) Q3 2025 Earnings Report Preview: What To Look For (GuruFocus.com)
Nov-02-25 10:06PM	Earnings To Watch: First Watch (FWRG) Reports Q3 Results Tomorrow (StockStory)
Oct-31-25 01:01PM	SBUX Q4 Earnings Sees First Global Comp Growth in Seven Quarters (Zacks)
12:38AM	1 Profitable Stock to Research Further and 2 We Avoid (StockStory)
Oct-30-25 05:15PM	BJ's Restaurants (BJRI) Q3 Earnings Top Estimates (Zacks)
12:28PM	MercadoLibre Q3 Earnings Miss Estimates, Revenues Rise Y/Y (Zacks)
12:26PM	Starbucks Q4 Earnings Miss Estimates, Revenues Increase Y/Y (Zacks)
11:35AM	Chipotle Q3 Earnings Beat, Revenues Lag Estimates, Stock Down (Zacks)
Oct-29-25 09:55AM	Wall Street Analysts See a 25.38% Upside in First Watch Restaurant Group (FWRG): Can the Stock Really Move This High? (Zacks)
Oct-21-25 08:00AM	First Watch Restaurant Group, Inc. to Report Third Quarter 2025 Financial Results on November 4, 2025 (GlobeNewswire)
Oct-15-25 04:44AM	How First Watchs expansion is outpacing casual dining growth (Restaurant Dive)
Oct-14-25 11:59AM	First Watch Named #1 Most Loved Workplace in America for Second Consecutive Year (GlobeNewswire) +7.82%
Oct-13-25 02:05PM	First Watch (FWRG) Stock Trades Up, Here Is Why (StockStory) +7.40%
Sep-18-25 12:01AM	First Watch (FWRG): Buy, Sell, or Hold Post Q2 Earnings? (StockStory)
Sep-17-25 12:36AM	3 of Wall Street's Favorite Stocks That Fall Short (StockStory)
Sep-15-25 10:00AM	Viva Las Breakfast! First Watch Makes Nevada Debut with New Craig Road Location (GlobeNewswire)
Sep-10-25 12:34AM	3 Small-Cap Stocks with Open Questions (StockStory)
Sep-09-25 11:31AM	Why First Watch (FWRG) Shares Are Sliding Today (StockStory)
Sep-07-25 11:35PM	Sit-Down Dining Stocks Q2 In Review: First Watch (NASDAQ:FWRG) Vs Peers (StockStory)
Aug-27-25 09:00AM	First Watch Restaurant Group, Inc. to Participate at Piper Sandler's Growth Frontiers Conference on September 9-11, 2025 (GlobeNewswire)
Aug-12-25 11:12PM	FWRG Q2 Deep Dive: Unit Expansion, Traffic Growth, and Margin Headwinds Shape Outlook (StockStory)
11:11PM	5 Insightful Analyst Questions From First Watch's Q2 Earnings Call (StockStory)
Aug-06-25 04:43PM	First Watch Restaurant Group, Inc. Announces Secondary Offering of Common Stock (GlobeNewswire) +5.49% -5.52%
Aug-05-25 04:01PM	First Watch Q2 earnings: CEO talks consumer health & prices (Yahoo Finance Video)
09:30AM	First Watch Restaurant Group (FWRG) Reports Q2 Earnings: What Key Metrics Have to Say (Zacks)
08:20AM	First Watch Restaurant Group, Inc. (FWRG) Q2 Earnings Miss Estimates (Zacks)
07:42AM	First Watch (NASDAQ:FWRG) Posts Q2 Sales In Line With Estimates, Stock Soars (StockStory)
07:00AM	First Watch Restaurant Group, Inc. Reports Q2 2025 Financial Results and Reaches 600th System-Wide Restaurant Milestone (GlobeNewswire)
Aug-04-25 12:46PM	Philz Coffee Partners with Freeman Spogli for Next Phase of Growth (PR Newswire)
09:45AM	First Watch Restaurant Group Inc (FWRG) Q2 2025 Earnings Report Preview: What To Look For (GuruFocus.com)
Aug-03-25 11:07PM	What To Expect From First Watch's (FWRG) Q2 Earnings (StockStory)
Jul-31-25 12:38AM	3 Cash-Burning Stocks We Approach with Caution (StockStory)
Jul-30-25 10:00AM	Dutch Bros (BROS) Expected to Beat Earnings Estimates: Should You Buy? (Zacks)
Jul-29-25 10:00AM	Analysts Estimate First Watch Restaurant Group, Inc. (FWRG) to Report a Decline in Earnings: What to Look Out for (Zacks)
Jul-23-25 12:05AM	3 Reasons to Avoid FWRG and 1 Stock to Buy Instead (StockStory)
Jul-22-25 08:00AM	First Watch Restaurant Group, Inc. to Report Second Quarter 2025 Financial Results on August 5, 2025 (GlobeNewswire)
Jul-11-25 12:51PM	Why First Watch (FWRG) Stock Is Trading Lower Today (StockStory)

Show Previous News

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Jones John Daniel	Chief Operations Officer	Mar 17 '26	Sale	12.52	1,697	21,246	84,725	Mar 19 04:07 PM
Hartman Eric Richard	Chief Development Officer	Mar 17 '26	Sale	12.52	1,819	22,774	244,530	Mar 19 04:07 PM
Tomasso Christopher Anthony	President and CEO	Mar 17 '26	Sale	12.52	25,062	313,776	957,315	Mar 19 04:07 PM
Sorensen Laura Anne	Chief People Officer	Mar 17 '26	Sale	12.52	1,697	21,246	237,353	Mar 19 04:06 PM
HOPE H MELVILLE III	CFO and Treasurer	Mar 17 '26	Sale	12.52	3,878	48,553	111,787	Mar 19 04:06 PM
Wolszczak Jay Anthony	Chief Legal Officer, GC & Secy	Mar 17 '26	Sale	12.52	3,161	39,576	228,930	Mar 19 04:06 PM
Eisenacher Matthew	Chief Brand Officer	Mar 17 '26	Sale	12.52	2,760	34,555	67,223	Mar 19 04:05 PM
Hartman Eric Richard	Chief Development Officer	Mar 10 '26	Sale	12.59	4,820	60,684	246,349	Mar 12 04:04 PM
HOPE H MELVILLE III	CFO and Treasurer	Mar 10 '26	Sale	12.59	7,358	92,637	115,665	Mar 12 04:04 PM
Wolszczak Jay Anthony	Chief Legal Officer, GC & Secy	Mar 10 '26	Sale	12.59	6,998	88,105	232,091	Mar 12 04:03 PM
Jones John Daniel	Chief Operations Officer	Mar 10 '26	Sale	12.59	4,600	57,914	86,422	Mar 12 04:03 PM
Eisenacher Matthew	Chief Brand Officer	Mar 10 '26	Sale	12.59	6,070	76,421	69,983	Mar 12 04:03 PM
Sorensen Laura Anne	Chief People Officer	Mar 10 '26	Sale	12.59	4,732	59,576	239,050	Mar 12 04:02 PM
Kussell William A	Director	Jan 22 '26	Option Exercise	8.45	6,165	52,094	32,567	Jan 26 04:11 PM
Kussell William A	Director	Jan 22 '26	Sale	17.00	6,165	104,805	26,402	Jan 26 04:11 PM
Kussell William A	Director	Jan 22 '26	Proposed Sale	17.00	6,165	104,805		Jan 22 04:01 PM
Kussell William A	Director	Dec 09 '25	Option Exercise	8.45	6,165	52,094	32,567	Dec 11 04:02 PM
Kussell William A	Director	Dec 09 '25	Sale	17.00	6,165	104,805	26,402	Dec 11 04:02 PM
Kussell William A	Director	Dec 09 '25	Proposed Sale	17.00	6,165	104,805		Dec 09 04:10 PM

First Watch Restaurant Group, Inc. owns and operates restaurants. It provides breakfast, brunch and lunch with alcohol and cocktails. The company was founded by John Sullivan in 1983 and is headquartered in Bradenton, FL.

CEOMr. Christopher A. Tomasso

Chief Legal OfficerMr. Jay Anthony Wolszczak

Chief People OfficerMs. Laura Anne Sorensen

Executive VP & Chief Development OfficerMr. Eric Richard Hartman

CFO & Principal Accounting OfficerMs. Ashlee Weisser

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FWRG

First Watch Restaurant Group Inc

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