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First Watch Restaurant Group, Inc. FWRG

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Price alert · FWRG

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12.74 USD +0.23 +1.84%

At close · Oct 30

12.74 0.00 0.00%

After hours · Oct 30, 4:00 PM ET

Bid
12.75 × 2
Ask
12.77 × 2
12.57 Day range 13.14
10.10 52-week range 18.56
YTD
-15.52%
1 year
-22.74%
Open
12.73
Prev close
12.51
Mkt cap
786.22M
Vol
2.16M
Avg vol
1.39M
EPS
0.28
P/E
45.50
Div yield
0.00%
More statistics
Low
12.57
High
13.14
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 (120)
NameDateAgo
SMA: BullishOct 29, 20263 days ago
MACD: Buy SignalOct 29, 20263 days ago
SMA: BullishOct 28, 20264 days ago
MACD: Sell SignalOct 26, 20266 days 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
MACD: Buy SignalJul 28, 20263 months ago
MACD: Sell SignalJul 10, 20263 months ago
SMA: BullishJun 24, 20264 months ago
SMA: BearishJun 22, 20264 months ago
SMA: BullishJun 18, 20264 months ago
SMA: BearishJun 16, 20264 months ago
SMA: BullishJun 11, 20264 months ago
MACD: Buy SignalJun 11, 20264 months ago
MACD: Sell SignalJun 2, 20265 months ago
MACD: Buy SignalMay 27, 20265 months ago
SMA: BearishMay 11, 20265 months ago
SMA: BullishMay 8, 20265 months ago
SMA: BearishMay 7, 20265 months ago
MACD: Sell SignalMay 5, 20266 months ago
SMA: BullishApr 22, 20266 months ago
SMA: BearishApr 21, 20266 months ago
SMA: BullishApr 20, 20266 months ago
MACD: Buy SignalApr 2, 20267 months ago
MACD: Sell SignalMar 27, 20267 months ago
RSI: OversoldMar 27, 20267 months ago
MACD: Buy SignalMar 17, 20267 months ago
RSI: OversoldMar 13, 20267 months ago
RSI: OversoldMar 3, 20268 months ago
RSI: OversoldFeb 24, 20268 months ago
SMA: BearishFeb 12, 20268 months ago
MACD: Sell SignalFeb 12, 20268 months ago
SMA: BearishFeb 11, 20268 months ago
SMA: BullishFeb 4, 20269 months ago
SMA: BullishFeb 3, 20269 months ago
MACD: Buy SignalFeb 3, 20269 months ago
MACD: Sell SignalJan 30, 20269 months ago
SMA: BearishJan 23, 20269 months ago
SMA: BullishJan 21, 20269 months ago
SMA: BearishJan 20, 20269 months ago
SMA: BullishJan 15, 20269 months ago
MACD: Buy SignalJan 9, 20269 months ago
SMA: BearishDec 19, 202510 months ago
SMA: BearishDec 19, 202510 months ago
SMA: BullishDec 18, 202510 months ago
SMA: BullishDec 18, 202510 months ago
MACD: Sell SignalDec 9, 202510 months ago
SMA: BearishDec 8, 202510 months ago
SMA: BearishDec 8, 202510 months ago
SMA: BullishNov 25, 202511 months ago
MACD: Buy SignalNov 25, 202511 months ago
SMA: BullishNov 24, 202511 months ago
SMA: BearishNov 17, 202511 months ago
SMA: BullishNov 14, 202511 months ago
SMA: BearishNov 13, 202511 months ago
SMA: BearishNov 11, 202511 months ago
SMA: BullishNov 10, 202511 months ago
SMA: BearishNov 6, 202512 months ago
SMA: BullishNov 5, 202512 months ago
SMA: BullishNov 4, 202512 months ago
MACD: Sell SignalOct 30, 20251 year ago
SMA: BearishOct 29, 20251 year ago
SMA: BearishOct 29, 20251 year ago
SMA: BullishOct 17, 20251 year ago
SMA: BearishOct 16, 20251 year ago
SMA: BullishOct 15, 20251 year ago
SMA: BullishOct 14, 20251 year ago
MACD: Buy SignalOct 3, 20251 year ago
RSI: OversoldSep 25, 20251 year ago
RSI: OversoldSep 22, 20251 year ago
SMA: BearishSep 9, 20251 year ago
SMA: BearishSep 9, 20251 year ago
MACD: Sell SignalSep 5, 20251 year ago
SMA: BullishAug 22, 20251 year ago
MACD: Buy SignalAug 22, 20251 year ago
MACD: Sell SignalAug 15, 20251 year ago
MACD: Buy SignalAug 6, 20251 year ago
MACD: Sell SignalJul 25, 20251 year ago
MACD: Buy SignalJul 23, 20251 year ago
MACD: Sell SignalJul 17, 20251 year ago
SMA: BullishJul 1, 20251 year ago
MACD: Buy SignalJun 9, 20251 year ago
SMA: BearishMay 6, 20251 year ago
SMA: BullishMay 1, 20251 year ago
MACD: Sell SignalApr 30, 20251 year ago
SMA: BearishApr 29, 20251 year ago
SMA: BullishApr 16, 20251 year ago
MACD: Buy SignalApr 9, 20251 year ago
MACD: Sell SignalApr 8, 20251 year ago
MACD: Buy SignalMar 26, 20251 year ago
RSI: OversoldMar 13, 20251 year ago
RSI: OversoldMar 11, 20251 year ago
SMA: BearishMar 3, 20251 year ago
MACD: Sell SignalFeb 20, 20251 year ago
MACD: Buy SignalFeb 18, 20251 year ago
SMA: BullishFeb 13, 20251 year ago
SMA: BearishFeb 12, 20251 year ago
MACD: Sell SignalFeb 12, 20251 year ago
MACD: Buy SignalJan 24, 20251 year ago
SMA: BullishJan 23, 20251 year ago
SMA: BearishJan 15, 20251 year ago
MACD: Sell SignalJan 15, 20251 year ago
MACD: Buy SignalJan 14, 20251 year ago
MACD: Sell SignalJan 13, 20251 year ago
MACD: Buy SignalJan 3, 20251 year ago
MACD: Sell SignalDec 19, 20241 year ago

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 +74.8% 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

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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
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