FWRG logo

FIRST WATCH RESTAURANT GROUP

FWRGNASDAQ
πŸ† #2822 by market capEarnings Nov 3US Equity
$10.38β–² $0.24 (+2.27%)
πŸŒ™ After hours$10.38β–² 0.00%Regular close Β· extended-hours price shown
πŸ””
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24hβ–² 2.3%
7dβ–² 0.5%
14dβ–Ό 1.0%
30dβ–Ό 17.2%
ytdβ–Ό 31.2%
1yβ–Ό 34.6%
🏦Market Cap
$641M
Small Cap
πŸ“ˆRevenue Growth (YoY)
+20.3%
Healthy
πŸ“ŠGross Margin
33.7%
Moderate
πŸ’΅FCF Margin
-1.6%
Thin
βš–οΈP/S Ratio
0.5x
Cheap
Otter Score
68
Fair

Trading Snapshot

Day Range
$10.34 – $10.56
52-Week Range
$9.88 – $18.82
Volume
$2.86B
Avg Volume
$3.77B
Shares Outstanding
61.7M
Next Earnings
Nov 6, 2026

Fundamentals Snapshot

Annual Revenue
$1.22B
Last Q Revenue
$355M
P/E Ratio
34.3
P/S Ratio
0.5x
EPS (TTM)
$0.29
Dividend Yield
0.00%
Dilution (1yr)
+0.8%

Why Investors Own FWRG

  • βœ“High-growth profile β€” revenue up +45.2% YoY with expanding US Equity exposure.
  • βœ“Healthy economics β€” 39% gross margin and 10% free-cash-flow margin.
  • βœ“New products and segments could unlock additional revenue streams.
⚠️ Key Risks

Execution delays, intensifying competition, and valuation compression if growth decelerates.

FWRG logo

FIRST WATCH RESTAURANT GROUP

FWRG
Financial Trends
RevenueThe total money the company brought in from sales, before subtracting any costs.
$1.2Bβ–² +20.3% YoY
Gross MarginOf every $1 of sales, how much is left after the direct cost of making the product/service. Higher = more efficient.
13.0%β–Ό βˆ’83.3% YoY
Operating IncomeProfit from the core business after operating costs, but before interest and taxes. Negative means the core business isn’t profitable yet.
$34Mβ–Ό βˆ’13.2% YoY
Free Cash FlowCash left over after running the business and paying for equipment/capex. Negative means the company is burning cash.
βˆ’$31Mβ–² +152.5% YoY
Shares OutstandingHow many shares exist. Rising means the company is issuing more shares, which dilutes (shrinks) each existing owner’s slice.
62.8Mβ–² +0.8% YoY
Net CashCash minus total debt. Positive = more cash than debt (financially strong); negative = more debt than cash (net debt).
βˆ’$987Mβ–Ό βˆ’$211M YoY
StockOtter Β· stockotter.space

About FIRST WATCH RESTAURANT GROUP

First Watch Restaurant Group, Inc. oversees and licenses restaurant operations under the First Watch brand. As of March 23, 2022, its extensive presence included 341 company-owned eateries and 94 franchised outlets, operating across 28 U.S. states. The enterprise, established in 1983 with its main office in Bradenton, Florida, previously traded as AI Fresh Super Holdco, Inc. before changing its designation to First Watch Restaurant Group, Inc. in December 2019.

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Otter Score Breakdown

How it's scoredFive components, each rated 1–5β˜… and equally weighted (20%), averaged to a 0–100 score:πŸ’Ž Quality β€” gross marginπŸš€ Growth β€” revenue YoYβš–οΈ Valuation β€” P/S ratio⚑ Momentum β€” 30-day price changeπŸ’§ Dilution β€” 1-yr share issuance (buybacks score higher)
πŸ’ŽQualityβ˜…β˜…β˜…β˜…β˜…
πŸš€Growthβ˜…β˜…β˜…β˜…β˜…
βš–οΈValuationβ˜…β˜…β˜…β˜…β˜…
⚑Momentumβ˜…β˜…β˜…β˜…β˜…
πŸ’§Dilutionβ˜…β˜…β˜…β˜…β˜…
Overall Score
Fair
68/100

Analyst Price Target

β“˜
Average Target
$13.46
β–² +29.7% Upside
High Target$15.48
Low Target$11.93
Based on 17 analysts

Latest News & Updates

Defense WorldΒ·5d ago

First Watch Restaurant Group (NASDAQ:FWRG) Reaches New 12-Month Low – Time to Sell?

First Watch Restaurant Group, Inc. (NASDAQ: FWRG - Get Free Report) hit a new 52-week low on Thursday. The company traded as low as $9.88 and last traded at $10.20, with a volume of 1534052 shares trading hands. The stoc

Defense WorldΒ·27d ago

Canada Pension Plan Investment Board Takes $764,000 Position in First Watch Restaurant Group, Inc. $FWRG

Canada Pension Plan Investment Board purchased a new stake in First Watch Restaurant Group, Inc. (NASDAQ: FWRG) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchas

Defense WorldΒ·28d ago

4,534,132 Shares in First Watch Restaurant Group, Inc. $FWRG Bought by BlackRock Inc.

BlackRock Inc. purchased a new position in First Watch Restaurant Group, Inc. (NASDAQ: FWRG) in the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The f

GlobeNewsWireΒ·Aug 27

First Watch Restaurant Group, Inc. to Participate in Two September Investor Conferences

BRADENTON, Fla., Aug. 27, 2026 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (β€œFirst Watch” or the β€œCompany”), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announc

Seeking AlphaΒ·Aug 25

Wall Street Breakfast Podcast: Coffee Rally Hits PSL Season

Coffee prices surge to six-month highs on supply concerns from Brazil and Colombia, with Super El NiΓ±o posing further upside risk into 2026–2027. Starbucks (SBUX) launches Pumpkin Spice Latte season amid intensified comp

GuruFocusΒ·Aug 12

A Look at First Watch Restaurant Group Inc (FWRG) After 7.3% Gain -- GF Value $22.49 vs Price $12.65

On August 12, 2026, First Watch Restaurant Group Inc (FWRG) shares rose 7.3% today, bringing the current price to $12.65. The stock has traded within a 52-week