FWRG
First Watch Restaurant Group, Inc. NASDAQ Listed Oct 1, 2021$11.81
+2.87%
vs $11.48
Mkt Cap $742.2M
52w Low $10.11
18.8% of range
52w High $19.17
50d MA $11.73
200d MA $14.69
P/E (TTM)
38.1x
EV/EBITDA
12.6x
P/B
1.1x
Debt/Equity
1.2x
ROE
3.1%
P/FCF
-23.9x
RSI (14)
51.70
ATR (14)
$0.69
Beta
0.98
50d MA
$11.73
200d MA
$14.69
Avg Volume
1.3M
First Watch Restaurant Group, Inc. operates and franchises restaurants under the First Watch trade name. As of March 23, 2022, it operated 341 company-owned restaurants and 94 franchised restaurants in 28 states 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. First Watch Restaurant Group, Inc. was founded in 1983 and is headquartered in Bradenton, Florida.
8725 Pendery Place · Bradenton, FL 34201 · US
| Date | Time | Est | Rptd | Surp | Base | Gap% | D1% | D2% | D3% | D4% | D5% | Guide ▲★ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 24, 2026 | BMO | 0.08 | 0.24 | +200.0% | 12.32 | +0.8% | +1.7% | +0.0% | +4.9% | -5.2% | +0.0% | — |
| Nov 4, 2025 | BMO | 0.08 | 0.05 | -37.5% | 17.60 | -0.2% | +1.9% | +0.0% | -3.9% | -0.3% | +2.9% | — |
| Aug 5, 2025 | BMO | 0.07 | 0.03 | -57.1% | 17.85 | +0.7% | +5.5% | +0.0% | -5.5% | -0.7% | +0.5% | — |
| May 6, 2025 | BMO | 0.04 | -0.01 | -125.0% | 15.33 | -1.1% | +4.3% | +0.0% | +0.0% | -1.4% | +6.2% | — |
| Mar 11, 2025 | BMO | 0.02 | 0.01 | -50.0% | 16.83 | -0.1% | +1.2% | +0.0% | -3.6% | +0.4% | -1.6% | — |
| Nov 7, 2024 | BMO | 0.05 | 0.03 | -40.0% | 20.83 | +0.0% | +1.2% | +0.0% | +1.7% | -8.7% | -0.7% | — |
| Aug 6, 2024 | BMO | 0.12 | 0.14 | +16.7% | 15.86 | +1.1% | -0.3% | +0.0% | +5.5% | -2.8% | -0.1% | — |
| May 7, 2024 | BMO | 0.10 | 0.12 | +20.0% | 21.51 | -1.5% | +1.6% | +0.0% | -2.4% | -1.8% | -6.0% | — |
| Mar 5, 2024 | BMO | 0.04 | 0.04 | +11.1% | 24.58 | -1.7% | -0.4% | +0.0% | +1.2% | +0.8% | -1.4% | — |
| Nov 1, 2023 | BMO | 0.04 | 0.09 | +127.2% | 17.13 | +0.5% | -2.7% | +0.0% | +3.2% | -1.7% | -0.7% | — |
| Aug 1, 2023 | BMO | 0.08 | 0.13 | +62.5% | 19.98 | +1.4% | -4.1% | +0.0% | +1.0% | -0.5% | +0.1% | — |
| May 2, 2023 | BMO | 0.09 | 0.15 | +66.7% | 17.36 | +1.4% | -1.7% | +0.0% | -1.2% | +0.3% | -0.7% | — |
| Date | Firm | Action | Grade | Target | Base | Open | Gap% | D1% | D2% | D3% | D4% | D5% |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Apr 28 | DA Davidson | Maintains | Buy → Buy | — | $13.16 | $13.15 | -0.1% | -2.3% | +0.4% | +1.6% | -0.2% | -6.7% |
| Apr 20 | Benchmark | Maintains | Buy → Buy | — | $12.75 | $12.42 | -2.6% | +0.9% | -1.6% | +6.9% | -2.3% | +0.5% |
| Feb 25 | Stephens & Co. | Maintains | Overweight → Overweight | — | $12.32 | $12.42 | +0.8% | +1.7% | +4.9% | -5.2% | +0.0% | -0.5% |
| Feb 25 | Guggenheim | Maintains | Buy → Buy | — | $12.32 | $12.42 | +0.8% | +1.7% | +4.9% | -5.2% | +0.0% | -0.5% |
| Feb 25 | Citigroup | Maintains | Buy → Buy | — | $12.32 | $12.42 | +0.8% | +1.7% | +4.9% | -5.2% | +0.0% | -0.5% |
| Feb 25 | Barclays | Maintains | Overweight → Overweight | — | $12.32 | $12.42 | +0.8% | +1.7% | +4.9% | -5.2% | +0.0% | -0.5% |
| Feb 24 | TD Cowen | Maintains | Buy → Buy | — | $15.50 | $13.64 | -12.0% | -20.5% | +1.7% | +4.9% | -5.2% | +0.0% |
| Jan 7 | Barclays | Maintains | Overweight → Overweight | — | $15.90 | $15.59 | -1.9% | -4.1% | +1.2% | +0.9% | +5.8% | -1.3% |
| Aug 6 | Stephens & Co. | Maintains | Overweight → Overweight | — | $17.85 | $17.97 | +0.7% | +5.5% | -5.5% | -0.7% | +0.5% | +0.3% |
| Aug 6 | Benchmark | Maintains | Buy → Buy | — | $17.85 | $17.97 | +0.7% | +5.5% | -5.5% | -0.7% | +0.5% | +0.3% |
| Jul 29 | TD Cowen | Maintains | Buy → Buy | — | $17.23 | $17.25 | +0.1% | -2.0% | +3.2% | -0.7% | -2.9% | +2.7% |
| Jul 18 | BofA Securities | Maintains | Buy → Buy | — | $16.96 | $17.29 | +1.9% | -0.7% | +0.9% | +3.7% | +4.0% | -7.2% |
| Jul 17 | Raymond James | Maintains | Strong Buy → Strong Buy | — | $17.01 | $17.50 | +2.9% | -0.3% | -0.7% | +1.0% | +3.7% | +4.0% |
| Jul 17 | Barclays | Maintains | Overweight → Overweight | — | $17.01 | $17.50 | +2.9% | -0.3% | -0.7% | +1.0% | +3.7% | +4.0% |
| Jun 4 | TD Securities | Maintains | Buy → Buy | — | $15.35 | $15.00 | -2.3% | +1.4% | -4.1% | +0.1% | +7.0% | -0.4% |
| May 8 | Guggenheim | Maintains | Buy → Buy | — | $15.99 | $16.12 | +0.8% | +0.0% | -1.4% | +6.2% | +1.4% | +2.2% |
| May 7 | Piper Sandler | Maintains | Overweight → Overweight | — | $15.33 | $15.16 | -1.1% | +4.3% | +0.0% | -1.4% | +6.2% | +1.4% |
| May 7 | Stephens & Co. | Maintains | Overweight → Overweight | — | $15.33 | $15.16 | -1.1% | +4.3% | +0.0% | -1.4% | +6.2% | +1.4% |
| May 7 | TD Securities | Maintains | Buy → Buy | — | $15.33 | $15.16 | -1.1% | +4.3% | +0.0% | -1.4% | +6.2% | +1.4% |
| May 7 | Benchmark | Maintains | Buy → Buy | — | $15.33 | $15.16 | -1.1% | +4.3% | +0.0% | -1.4% | +6.2% | +1.4% |
| May 7 | Raymond James | Maintains | Strong Buy → Strong Buy | — | $15.33 | $15.16 | -1.1% | +4.3% | +0.0% | -1.4% | +6.2% | +1.4% |
| May 6 | Barclays | Maintains | Overweight → Overweight | — | $18.61 | $15.10 | -18.9% | -17.6% | +4.3% | +0.0% | -1.4% | +6.2% |
| Apr 24 | Stephens & Co. | Maintains | Overweight → Overweight | — | $20.00 | $19.90 | -0.5% | -3.1% | +0.2% | -2.4% | -3.1% | -3.8% |
| Apr 22 | Barclays | Maintains | Overweight → Overweight | — | $20.09 | $19.80 | -1.4% | -1.0% | +0.6% | -3.1% | +0.2% | -2.4% |
| Apr 1 | TD Securities | Upgrade | Hold → Buy | — | $16.65 | $17.50 | +5.1% | +7.6% | +2.8% | -6.7% | -4.9% | -1.2% |
| Mar 20 | Stephens & Co. | Maintains | Overweight → Overweight | — | $16.45 | $16.26 | -1.2% | +2.4% | -3.0% | +6.9% | -1.0% | +1.6% |
| Mar 12 | TD Securities | Maintains | Hold → Hold | — | $16.83 | $16.81 | -0.1% | +1.2% | -3.6% | +0.4% | -1.6% | +2.6% |
| Mar 12 | Barclays | Maintains | Overweight → Overweight | — | $16.83 | $16.81 | -0.1% | +1.2% | -3.6% | +0.4% | -1.6% | +2.6% |
| Mar 12 | BofA Securities | Maintains | Buy → Buy | — | $16.83 | $16.81 | -0.1% | +1.2% | -3.6% | +0.4% | -1.6% | +2.6% |
| Mar 12 | Stephens & Co. | Maintains | Overweight → Overweight | — | $16.83 | $16.81 | -0.1% | +1.2% | -3.6% | +0.4% | -1.6% | +2.6% |
| Mar 11 | Stephens & Co. | Maintains | Overweight → Overweight | — | $18.10 | $17.96 | -0.8% | -7.0% | +1.2% | -3.6% | +0.4% | -1.6% |
| Jan 28 | Stephens & Co. | Maintains | Overweight → Overweight | — | $20.63 | $20.69 | +0.3% | +2.9% | +0.5% | -0.6% | -1.1% | -0.1% |
| Nov 13 | Stephens & Co. | Maintains | Overweight → Overweight | — | $19.55 | $19.87 | +1.6% | -0.7% | -2.5% | -3.8% | -3.6% | -2.3% |
| Nov 11 | Piper Sandler | Maintains | Overweight → Overweight | — | $21.07 | $21.22 | +0.7% | +1.7% | -8.7% | -0.7% | -2.5% | -3.8% |
| Nov 11 | Barclays | Maintains | Overweight → Overweight | — | $21.07 | $21.22 | +0.7% | +1.7% | -8.7% | -0.7% | -2.5% | -3.8% |
| Nov 8 | Stephens & Co. | Maintains | Overweight → Overweight | — | $20.83 | $20.84 | +0.0% | +1.2% | +1.7% | -8.7% | -0.7% | -2.5% |
| Nov 8 | Raymond James | Maintains | Strong Buy → Strong Buy | — | $20.83 | $20.84 | +0.0% | +1.2% | +1.7% | -8.7% | -0.7% | -2.5% |
| Nov 8 | Barclays | Maintains | Overweight → Overweight | — | $20.83 | $20.84 | +0.0% | +1.2% | +1.7% | -8.7% | -0.7% | -2.5% |
| Nov 8 | TD Cowen | Maintains | Hold → Hold | — | $20.83 | $20.84 | +0.0% | +1.2% | +1.7% | -8.7% | -0.7% | -2.5% |
| Oct 22 | Barclays | Maintains | Overweight → Overweight | — | $17.37 | $17.14 | -1.3% | -2.2% | -0.8% | -1.9% | +2.5% | +3.8% |
| Oct 16 | Benchmark | Maintains | Buy → Buy | — | $14.77 | $14.85 | +0.5% | +1.4% | +10.5% | +2.2% | +2.8% | -2.2% |
| Oct 4 | Guggenheim | Maintains | Buy → Buy | — | $14.40 | $14.50 | +0.7% | +0.8% | -5.4% | -2.0% | -1.0% | +0.5% |
| Sep 12 | TD Cowen | Maintains | Hold → Hold | — | $14.94 | $15.03 | +0.6% | +0.4% | +0.1% | +2.1% | +0.0% | -1.2% |
| Aug 7 | TD Cowen | Maintains | Hold → Hold | — | $15.86 | $16.03 | +1.1% | -0.3% | +5.5% | -2.8% | -0.1% | +1.5% |
| Aug 7 | Barclays | Maintains | Overweight → Overweight | — | $15.86 | $16.03 | +1.1% | -0.3% | +5.5% | -2.8% | -0.1% | +1.5% |
| Jul 17 | TD Cowen | Maintains | Hold → Hold | — | $16.30 | $16.17 | -0.8% | -3.6% | +0.1% | -0.8% | -1.2% | -1.5% |
| Jul 17 | BofA Securities | Maintains | Buy → Buy | — | $16.30 | $16.17 | -0.8% | -3.6% | +0.1% | -0.8% | -1.2% | -1.5% |
| Jul 2 | Stifel | Maintains | Hold → Hold | — | $16.95 | $16.59 | -2.1% | -4.2% | -1.0% | -1.6% | +5.6% | -6.4% |
| Jun 13 | TD Cowen | Maintains | Hold → Hold | — | $18.08 | $17.91 | -0.9% | -0.2% | -1.3% | +2.5% | +2.7% | -2.3% |
| May 8 | Barclays | Maintains | Overweight → Overweight | — | $21.51 | $21.19 | -1.5% | +1.6% | -2.4% | -1.8% | -6.0% | -1.3% |
No insider trades available.
8-K · 5.02
!!! Very High
First Watch Restaurant Group, Inc. -- 8-K 5.02: Executive Change
First Watch Restaurant Group appoints Ashlee Weisser as Chief Financial Officer, effective June 8, 2026, signaling potential strategic financial direction shifts.
Jun 8
8-K · 2.02
!! High
First Watch Restaurant Group, Inc. -- 8-K 2.02: Earnings Results
First Watch Restaurant Group reported its financial results on May 5, 2026, providing investors with updated insights into the company's operational performance and financial condition.
May 5
8-K · 5.02
!!! Very High
Unknown — 8-K 5.02: Executive Change
I don't have enough information to provide a meaningful analysis. The filing summary lacks critical details about the executive change at FWRG (who left/joined, their role, circumstances). Without these specifics, I cannot assess the impact on stock value or investor implications.
Mar 27
8-K · 7.01
! Medium
First Watch Restaurant Group, Inc. -- 8-K 7.01: Regulation FD Disclosure
First Watch Restaurant Group disclosed supplemental investor information via its website and SEC filing, providing updated operational metrics and financial details for shareholder review.
Feb 24
8-K · 5.02
!!! Very High
First Watch Restaurant Group, Inc. -- 8-K 5.02: Executive Change
First Watch Restaurant Group's CFO Mel Hope is retiring after eight years, with the company actively searching for an internal or external replacement to fill the critical financial leadership role.
Feb 24
Institutional (13F) — Top 20
All ↗
| # | Manager | Shares | Value | Chg | Period |
|---|---|---|---|---|---|
| 1 | Bank Of New York Mellon Corp | 3,957,697 | $41M | Added | Mar 2026 |
| 2 | Neuberger Berman Group Llc | 3,574,318 | $37M | Added | Mar 2026 |
| 3 | Millennium Management | 3,232,247 | $34M | Added | Mar 2026 |
| 4 | Vanguard Capital Management Llc | 2,402,388 | $25M | New | Mar 2026 |
| 5 | Riverbridge Partners Llc | 2,091,700 | $22M | Added | Mar 2026 |
| 6 | Fmr Llc | 1,995,121 | $21M | Reduced | Mar 2026 |
| 7 | Morgan Stanley | 1,061,380 | $16M | Added | Dec 2025 |
| 8 | Hodges Capital Management Inc. | 1,481,777 | $16M | Added | Mar 2026 |
| 9 | Bank Of America Corp /de/ | 1,052,426 | $11M | Added | Mar 2026 |
| 10 | Ubs Group Ag | 954,074 | $10M | Added | Mar 2026 |
| 11 | Champlain Investment Partners, Llc | 764,931 | $8M | Reduced | Mar 2026 |
| 12 | Russell Investments Group, Ltd. | 652,508 | $7M | Reduced | Mar 2026 |
| 13 | Susquehanna International Group, Llp | 616,189 | $6M | Added | Mar 2026 |
| 14 | Mutual Of America Capital Management Llc | 383,960 | $6M | Added | Dec 2025 |
| 15 | Vanguard Portfolio Management Llc | 552,022 | $6M | New | Mar 2026 |
| 16 | Northern Trust Corp | 492,997 | $5M | Added | Mar 2026 |
| 17 | Qube Research & Technologies Ltd | 488,790 | $5M | Added | Mar 2026 |
| 18 | Citadel Advisors Llc | 488,415 | $5M | Reduced | Mar 2026 |
| 19 | Sei Investments Co | 464,782 | $5M | Added | Mar 2026 |
| 20 | Kornitzer Capital Management Inc /ks | 309,387 | $5M | — | Dec 2025 |
Mutual Funds / ETFs (N-PORT) — Top 20
All ↗
Valuation
Market Cap
$742.2M
Enterprise Value
$1.37B
P/E (TTM)
38.10x
Forward P/E
60.01x
PEG Ratio
15.01x
P/B
1.15x
P/S
0.61x
P/FCF
-23.95x
EV/EBITDA
12.61x
Shares Out
62.8M
Financials (TTM)
Revenue
$1.22B
Net Income
$19.4M
EBITDA
$108.8M
Free Cash Flow
-$31.0M
Op Cash Flow
$125.9M
EPS Basic
$0.32
EPS Diluted
$0.31
EPS Forward
$0.20
Gross Margin
13.0%
Op Margin
2.8%
Net Margin
1.6%
Balance Sheet
Total Assets
$1.74B
Total Liab.
$1.12B
Total Equity
$626.3M
Cash
$21.2M
LT Debt
$651.3M
Book Value/Sh
$10.27
Debt/Equity
1.18x
Current Ratio
0.29
Quick Ratio
0.25
Returns & Growth
ROE
3.1%
ROA
1.1%
ROIC
2.0%
Rev Growth YoY
+20.3%
EPS Growth YoY
+3.2%
Price Returns
2W
+8.1%
1M
-11.4%
3M
-6.7%
6M
-37.3%
12M
-24.7%
Technicals
52W High
$19.17
52W Low
$10.11
50d MA
$11.73
200d MA
$14.69
RSI (14)
51.70
ATR (14)
$0.69
Beta
0.98
Avg Volume
1.3M
Dividends
Div Rate
$0.00
Div Yield
—
Frequency
—
Ex-Div Date
—
Analyst Price Targets
Consensus
$19.00
High
$19.00
Low
$19.00
Median
$19.00
Data updated apr 25, 2026 10:33am
· Source: financialmodelingprep.com