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First Watch RestaurantNASDAQ: FWRG

Profile

Industry:

Restaurants

Country:

United States

IPO:

01 October 2021

Next earnings report:

05 March 2025

Last dividends:

N/A

Next dividends:

N/A
$1.06 B
-32%vs. 3y high
52%vs. sector
-84%vs. 3y high
88%vs. sector
-52%vs. 3y high
56%vs. sector
-53%vs. 3y high
60%vs. sector

Price

after hours | 44 min ago
$17.56+$0.56(+3.29%)

Dividend

No data over the past 3 years
$251.61 M$264.09 M
$251.61 M$2.11 M

Analysts recommendations

Institutional Ownership

FWRG Latest News

First Watch Restaurant: Between Hurricanes And Acquisitions, The Sun Shines
seekingalpha.com18 November 2024 Sentiment: POSITIVE

First Watch Restaurant Group maintains its stance against value promotions, focusing on targeted advertising, resulting in a 1.9% year-over-year decline in comparable sales due to lower traffic. The company is aggressively expanding by acquiring franchises and opening new restaurants, aiming for 10% net year-over-year growth and a long-term goal of 2,200 locations. Hurricanes in key operating areas significantly impacted Q4 traffic, but recovery is expected as headwinds subside, with a focus on improving on-premise sales.

First Watch Restaurant Group, Inc. Announces Pricing of Secondary Offering of Common Stock
globenewswire.com12 November 2024 Sentiment: POSITIVE

BRADENTON, Fla., Nov. 12, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (“FWRG” or the “Company”) (NASDAQ: FWRG), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announced the pricing of its previously announced underwritten secondary offering (the “Offering”) by certain funds managed by Advent International, L.P. (the “Selling Stockholders”) of 8,000,000 shares of the Company's common stock (“Common Stock”). The shares have been offered at a price to the public of $19.95 per share. The Offering is expected to close on November 13, 2024, subject to customary closing conditions.

First Watch Restaurant Group, Inc. Announces Secondary Offering of Common Stock
globenewswire.com12 November 2024 Sentiment: NEUTRAL

BRADENTON, Fla., Nov. 12, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (“FWRG” or the “Company”) (NASDAQ: FWRG), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announced the launch of an underwritten secondary offering (the “Offering”) by certain funds managed by Advent International, L.P. (the “Selling Stockholders”) of 8,000,000 shares of the Company's common stock (“Common Stock”).

FWRG Stock Gains on a Deal to Acquire 16 Franchise Restaurants
zacks.com12 November 2024 Sentiment: POSITIVE

First Watch Restaurant is set to expand its East Coast presence with the acquisition of 16 franchise locations.

First Watch Inspires Acts of Kindness with ‘Sweet' Gesture on World Kindness Day
globenewswire.com11 November 2024 Sentiment: POSITIVE

Restaurant giving away 15,000 Cinnamon Rolls for customers to pay forward on November 13 Restaurant giving away 15,000 Cinnamon Rolls for customers to pay forward on November 13

First Watch Restaurant Group, Inc. (FWRG) Q3 2024 Earnings Conference Call Transcript
seekingalpha.com10 November 2024 Sentiment: NEUTRAL

First Watch Restaurant Group, Inc. (NASDAQ:FWRG ) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Steven Marotta - VP, IR Chris Tomasso - President and CEO Mel Hope - CFO Conference Call Participants Jim Salera - Stephens Jeffrey Bernstein - Barclays Todd Brooks - The Benchmark Company Andy Barish - Jefferies Brian Vaccaro - Raymond James Katherine Griffin - Bank of America Jon Tower - Citi Gregory Francfort - Guggenheim Securities Operator Greetings, and welcome to the First Watch Restaurant Group Third Quarter 2024 Earnings Conference Call. At this time all participants are in a listen-only mode.

First Watch Restaurant Group, Inc. (FWRG) Lags Q3 Earnings and Revenue Estimates
zacks.com07 November 2024 Sentiment: NEGATIVE

First Watch Restaurant Group, Inc. (FWRG) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.09 per share a year ago.

Is the Options Market Predicting a Spike in First Watch (FWRG) Stock?
zacks.com07 October 2024 Sentiment: POSITIVE

Investors need to pay close attention to First Watch (FWRG) stock based on the movements in the options market lately.

First Watch Restaurant Group Inc (FWRG) Shares Down 4.33% on Oct 2
gurufocus.com02 October 2024 Sentiment: NEGATIVE

Shares of First Watch Restaurant Group Inc (FWRG, Financial) fell 4.33% in mid-day trading on Oct 2. The stock reached an intraday low of $14.31, before recovering slightly to $14.37, down from its previous close of $15.02.

First Watch Restaurant: Q2, Traffic Issues Are Likely Temporary (Rating Upgrade)
seekingalpha.com16 September 2024 Sentiment: POSITIVE

First Watch Restaurant Group's Q2 showed a considerable traffic decline, but solid underlying earnings growth from a growing scale and upkept pricing. First Watch adjusted its 2024 guidance to reflect weaker expected traffic, but the guidance shift is still likely a sign of weak industry traffic instead of company-specific weakness. Despite present risks in the investment case, FWRG's stock now represents an attractive risk-to-reward at a lower price.

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What type of business is First Watch Restaurant?

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. First Watch Restaurant Group, Inc. was founded in 1983 and is based in Bradenton, Florida.

What sector is First Watch Restaurant in?

First Watch Restaurant is in the Consumer Cyclical sector

What industry is First Watch Restaurant in?

First Watch Restaurant is in the Restaurants industry

What country is First Watch Restaurant from?

First Watch Restaurant is headquartered in United States

When did First Watch Restaurant go public?

First Watch Restaurant initial public offering (IPO) was on 01 October 2021

What is First Watch Restaurant website?

https://www.firstwatch.com

Is First Watch Restaurant in the S&P 500?

No, First Watch Restaurant is not included in the S&P 500 index

Is First Watch Restaurant in the NASDAQ 100?

No, First Watch Restaurant is not included in the NASDAQ 100 index

Is First Watch Restaurant in the Dow Jones?

No, First Watch Restaurant is not included in the Dow Jones index

When was First Watch Restaurant the previous earnings report?

No data

When does First Watch Restaurant earnings report?

The next expected earnings date for First Watch Restaurant is 05 March 2025