First Watch Restaurant Group, Inc. FWRG

Set alert

Price alert · FWRG

All alert types
12.95 USD +0.21 +1.65%

At close · Nov 2

12.95 0.00 0.00%

After hours · Nov 2, 4:23 PM ET

Bid
12.94 × 2
Ask
12.95 × 2
12.74 Day range 13.44
9.88 52-week range 18.77
YTD
-14.12%
1 year
-21.47%
Open
12.85
Prev close
12.74
Mkt cap
799.18M
Vol
4.19M
Avg vol
1.42M
EPS
0.28
P/E
46.25
Div yield
0.00%
More statistics
Low
12.74
High
13.44
Forward P/E
38.66
Beta
0.87
Short ratio
4.80
Inst. own
104.58%
Dividend
0.00
Ex-div date
Earnings
Feb 24, 2026
50-d avg
17.19
200-d avg
17.64
1y target
22.27

2Y chart

Chart tools
Interval

Events in this range
  • May 6, 2025Earnings: —; estimate 0.04; surprise -125%
  • May 6, 2025Earnings: —; estimate 0.04; surprise —%
  • Jul 17, 2025Rating: Barclays · Overweight → Overweight
  • Jul 17, 2025Rating: Raymond James · Strong Buy → Strong Buy
  • Jul 18, 2025Rating: B of A Securities · Buy → Buy
  • Jul 29, 2025Rating: TD Cowen · Buy → Buy
  • Aug 5, 2025Earnings: 0.03; estimate 0.07; surprise -57.14%
  • Aug 5, 2025Earnings: —; estimate 0.07; surprise —%
  • Aug 6, 2025Rating: Benchmark · Buy → Buy
  • Aug 6, 2025Rating: Stephens & Co. · Overweight → Overweight
  • Nov 4, 2025Earnings: 0.05; estimate 0.08; surprise -37.5%
  • Feb 24, 2026Earnings: —; estimate 0.08; surprise —%
Signals (117)
NameDateAgo
SMA: BullishOct 29, 20264 days ago
MACD: Buy SignalOct 29, 20264 days ago
SMA: BullishOct 28, 20265 days ago
MACD: Sell SignalOct 26, 20261 week ago
SMA: BearishOct 23, 20261 week ago
SMA: BullishOct 22, 20261 week ago
SMA: BearishOct 21, 20261 week ago
SMA: BullishOct 13, 20262 weeks ago
MACD: Buy SignalOct 1, 20261 month ago
RSI: OversoldSep 17, 20261 month ago
SMA: BearishSep 1, 20262 months ago
SMA: BullishAug 31, 20262 months ago
MACD: Sell SignalAug 28, 20262 months ago
SMA: BearishAug 27, 20262 months ago
MACD: Buy SignalAug 21, 20262 months ago
SMA: BullishAug 19, 20262 months ago
SMA: BearishAug 18, 20262 months ago
SMA: BullishAug 12, 20262 months ago
SMA: BearishAug 10, 20262 months ago
MACD: Sell SignalAug 6, 20262 months ago

Newest 20 of 117.

Key statistics

Market cap
967.23M
Enterprise value
1.95B
Trailing P/E
264.17
Forward P/E
38.66
PEG ratio
0.00
Price / sales
0.88
Price / book
1.61
EPS (TTM)
0.06
Beta
0.87
Dividend yield
0.00%
Payout ratio
0.00%
Profit margin
0.37%
Revenue (TTM)
1.11B
Revenue growth
19.10%
Free cash flow
-54.43M
Total cash
19.18M
Total debt
959.10M
Return on equity
0.69%
Shares outstanding
61.02M
Short % of float
14.26%
50-day average
17.19
200-day average
17.64

Analyst view

Consensus: strong buy

Strong buy
Price target (mean) 22.27 +72.0% upside
Target (low)
17.00
Target (mean)
22.27
Target (high)
26.00
Ratings (0m) 11 10 buy · 1 hold · 0 sell
  • Strong buy2
  • Buy8
  • Hold1
  • Sell0
  • Strong sell0

Next earnings

Feb 24, 2026

Expected Feb 24, 2026. Consensus EPS estimate 0.0698.

Earnings history

Financials — quick view

All financials
FWRG Revenue — quarterly 354.67M
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026
FWRG Net income — quarterly 2.34M
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026
FWRG EPS — quarterly 0.04
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026

Earnings

FWRG recent earnings
Report dateQuarter endingEPS estimateEPS reportedSurpriseSurprise %
Feb 24, 2026Dec 1, 20250.08———
Nov 4, 2025Sep 1, 20250.080.05-0.03-37.50%
Aug 5, 2025Jun 1, 20250.070.03-0.04-57.14%
Aug 5, 2025Jun 1, 20250.07———
May 6, 2025Mar 1, 20250.04—-0.05-125.00%
May 6, 2025Mar 1, 20250.04———

Upgrades / downgrades

FWRG analyst upgrades and downgrades
DateFirmActionFromTo
Aug 6, 2025Stephens & Co.mainOverweightOverweight
Aug 6, 2025BenchmarkmainBuyBuy
Jul 29, 2025TD CowenmainBuyBuy
Jul 18, 2025B of A SecuritiesmainBuyBuy
Jul 17, 2025Raymond JamesmainStrong BuyStrong Buy
Jul 17, 2025BarclaysmainOverweightOverweight

About First Watch Restaurant Group, Inc.

First Watch Restaurant Group, Inc., through its subsidiaries, operates and franchises restaurants under the First Watch trade name 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. The company was founded in 1983 and is based in Bradenton, Florida.

Sector
Consumer Cyclical
Industry
Restaurants
Country
United States

News

Your note

Sign in to keep a note on FWRG — it syncs with the Stock Master app.

Insider holders

FWRG insider holders
InsiderRelationLatest transactionDateShares held
ADVENT INTERNATIONAL CORP.Beneficial Owner of more than 10% of a Class of SecuritySaleSep 7, 20250
ADVENT INTERNATIONAL L PBeneficial Owner of more than 10% of a Class of SecuritySaleAug 7, 20250
ALVAREZ RALPHDirectorStock Award(Grant)May 21, 2025422,835
BRITT IRENE CHANGDirectorStock Award(Grant)May 21, 202519,300
FLEISHER MICHAEL D.DirectorStock Award(Grant)May 21, 202516,952
JEMLEY CHARLES LDirectorStock Award(Grant)May 21, 202531,933

Institution ownership

FWRG institution ownership
Holder% heldSharesValueReported
Advent International LP24.07%14,689,784232.83MJun 29, 2025
Blackrock Inc.4.74%2,894,16145.87MJun 29, 2025
Vanguard Group Inc4.01%2,444,46538.74MJun 29, 2025
Dimensional Fund Advisors LP3.89%2,373,36537.62MJun 29, 2025
Manufacturers Life Insurance Co.3.83%2,335,88337.02MJun 29, 2025
Lazard Asset Management LLC3.74%2,281,13736.16MJun 29, 2025

Fund ownership

FWRG fund ownership
Holder% heldSharesValueReported
John Hancock Investment Trust-Small Cap Core Fund2.36%1,440,25322.83MAug 30, 2025
NEUBERGER BERMAN ALTERNATIVE FUNDS-Neuberger Berman Long Short Fund2.24%1,365,12821.64MSep 29, 2025
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund2.06%1,257,17619.93MJun 29, 2025
JPMorgan Trust II-JPMorgan Small Cap Growth Fund2.05%1,253,79119.87MJun 29, 2025
iShares Trust-iShares Russell 2000 ETF1.80%1,101,23217.45MSep 29, 2025
Federated Hermes Equity Funds-Federated Hermes Kaufmann Small Cap Fund1.73%1,058,00016.77MJul 30, 2025