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First Watch Restaurant Group, Inc. (FWRG)

Profile

Full Name

First Watch Restaurant Group, Inc.

Ticker

NASDAQ: FWRG

Exchange

NASDAQ

Sector

Consumer Cyclical

Industry

Restaurants

Country

United States

IPO

October 1, 2021

Indexes

Not included

Website

https://www.firstwatch.com

Employees

15000

Key Details

Price

$16.31(-1.15%)

Market Cap

$995.43M(Small cap)

Last Dividend

-

TTM Dividend Yield

-

Annual Revenue

$1.02B(13.95% YoY)

Annual EPS

$0.30(-26.83% YoY)

PE Ratio

206.98

Next earnings date

Mar 10, 2026

Next ex-dividend date

N/A

Next split date

N/A

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    Analyst ratings

    Price

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    Current Price

    $16.31
    FWRG price is $16.31

    30-Day Relative Volume

    0.66
    FWRG 30-day relative volume is 0.66

    Price Performance

    Price Most Recent Change

    -1.15%
    FWRG price was down -1.15% on Nov 18, 2025

    Price YTD Change

    -12.36%
    FWRG price is down -12.36% since January 1st

    Price 1-Year Change

    -7.17%
    FWRG price is down -7.17% year-on-year

    Price 3-Year Change

    +10.35%
    FWRG price is up +10.35% over the past 3 years

    Price Range

    Price All-Time High

    $25.98
    FWRG price is currently -37.22% below its historical high of $25.98

    Price 3-Year Low

    $12.90
    FWRG price is currently +26.43% above its 3-year low

    Capitalization

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    Market cap

    Market Cap

    $995.43M
    FWRG market cap is $995.43 million

    Market Cap 3-Year Change

    +13.77%
    FWRG market cap is up +13.77% over the past 3 years

    Market Cap All-Time High

    $1.54B
    FWRG market cap is currently -35.39% below its historical high of $1.54 billion

    Market Cap Sector Percentile

    53.69%
    FWRG market cap is higher than 53.69% of companies in Consumer Cyclical sector

    Shares Outstanding

    Shares Outstanding 1-Year Change

    +0.76%
    FWRG shares outstanding is up +0.76% year-on-year

    Shares Outstanding 3-Year Change

    +3.1%
    FWRG shares outstanding is up +3.1% over the past 3 years

    Technical Indicators

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    Beta

    1.15
    FWRG beta is 1.15

    200-day SMA

    $17.47
    FWRG price is currently -6.66% below its 200-day simple moving average

    50-day SMA

    $16.81
    FWRG price is currently -2.97% below its 50-day simple moving average

    14-Day RSI

    42.85
    FWRG 14-day relative strength index is 42.85

    Volume

    0.66
    FWRG 30-day relative volume is 0.66

    ATR

    $0.84
    FWRG average true range is $0.84

    10-day Historical Volatility

    34.00%
    FWRG 10-day historical volatility is 34.00%

    Dividend

    Income Statement

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    Revenue

    Revenue

    $1.02B
    FWRG annual revenue is $1.02 billion

    Revenue Analysts Estimate

    $1.23B
    FWRG annual revenue is currently -17.30% lower than the consensus analysts' forecast

    Revenue 1-Year Change

    +13.95%
    FWRG annual revenue is up +13.95% year-on-year

    Revenue Sector Percentile

    50%
    FWRG annual revenue is higher than 50% of companies in Consumer Cyclical sector

    EPS

    EPS

    $0.30
    FWRG annual earnings per share is $0.30

    EPS Analysts Estimate

    $0.18
    FWRG annual earnings per share is currently +64.95% higher than the consensus analysts' forecast

    EPS 1-Year Change

    -26.83%
    FWRG annual earnings per share is down -26.83% year-on-year

    EPS Sector Percentile

    52.54%
    FWRG annual earnings per share is higher than 52.54% of companies in Consumer Cyclical sector

    Profit

    Gross Profit

    $213.00M
    FWRG annual gross profit is $213.00 million

    Gross Margin

    20.97%
    FWRG annual gross profit margin is 20.97%

    Operating Profit

    $42.02M
    FWRG annual operating income is $42.02 million

    Operating Margin

    4.14%
    FWRG annual operating profit margin is 4.14%

    Net Income

    $18.93M
    FWRG annual net profit is $18.93 million

    Net Margin

    1.86%
    FWRG annual net profit margin is 1.86%

    Expenses

    Total Expenses

    $973.89M
    FWRG annual total expenses is $973.89 million

    Operating Expenses

    $170.99M
    FWRG annual total operating expenses is $170.99 million

    Cost Of Goods Sold

    $802.91M
    FWRG annual cost of goods sold is $802.91 million

    Selling, General & Administrative Expenses

    $113.27M
    FWRG annual SG&A is $113.27 million

    Depreciation & Amortization

    $57.72M
    FWRG annual D&A is $57.72 million

    Interest Expense

    $12.64M
    FWRG annual interest expense is $12.64 million

    Income Tax

    $9.10M
    FWRG annual income tax is $9.10 million

    EBIT & EBITDA

    EBIT

    $40.67M
    FWRG annual earnings before interest & taxes is $40.67 million

    EBITDA

    $98.38M
    FWRG annual EBITDA is $98.38 million

    Balance Sheet

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    Assets

    Total Assets

    $1.70B
    FWRG annual total assets is $1.70 billion

    Non Current Assets

    $1.46B
    FWRG annual long term assets is $1.46 billion

    Current Assets

    $55.88M
    FWRG annual total current assets is $55.88 million

    Cash and Cash Equivalents

    $33.31M
    FWRG annual cash & cash equivalents is $33.31 million

    Accounts Receivable

    $2.43M
    FWRG annual accounts receivable is $2.43 million

    Inventory

    $6.12M
    FWRG annual inventory is $6.12 million

    Liabilities

    Total Liabilities

    $1.10B
    FWRG annual total liabilities is $1.10 billion

    Long Term Liabilities

    $780.50M
    FWRG annual total long term liabilities is $780.50 million

    Current Liabilities

    $138.47M
    FWRG annual current liabilities is $138.47 million

    Accounts Payable

    $6.96M
    FWRG annual accounts payable is $6.96 million

    Debt

    Total Debt

    $811.52M
    FWRG annual total debt is $811.52 million

    Total Debt 1-Year Change

    +33.33%
    FWRG annual total debt is up +33.33% year-on-year

    Long Term Debt

    $744.62M
    FWRG annual long term debt is $744.62 million

    Short Term Debt

    $64.93M
    FWRG annual short term debt is $64.93 million

    Equity & Capital

    Shareholders Equity

    $595.39M
    FWRG annual stockholders equity is $595.39 million

    Book Value

    $595.39M
    FWRG annual book value is $595.39 million

    Retained Earnings

    -$53.82M
    FWRG annual retained earnings is -$53.82 million

    Working Capital

    -$82.60M
    FWRG annual working capital is -$82.60 million

    Cash Flow Statement

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    Cashflow Activities

    Cash From Operations

    $115.67M
    FWRG annual cash from operations is $115.67 million

    Cash From Operations 1-Year Change

    +21.33%
    FWRG annual cash from operations is up +21.33% year-on-year

    Cash From Investing

    -$206.65M
    FWRG annual cash from investing is -$206.65 million

    Cash From Investing 1-Year Change

    -67.51%
    FWRG annual cash from investing is down -67.51% year-on-year

    Cash From Financing

    $74.33M
    FWRG annual cash from financing is $74.33 million

    Cash From Financing 1-Year Change

    +164.81%
    FWRG annual cash from financing is up +164.81% year-on-year

    CAPEX

    CAPEX

    $128.05M
    FWRG annual capital expenditures is $128.05 million

    CAPEX 1-Year Change

    +51.2%
    FWRG annual capital expenditures is up +51.2% year-on-year

    Free Cash Flow

    Free Cash Flow

    -$12.38M
    FWRG annual free cash flow is -$12.38 million

    Free Cash Flow 1-Year Change

    -216.21%
    FWRG annual free cash flow is down -216.21% year-on-year

    Profitability Ratios

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    Margins

    Gross Margin

    20.97%
    FWRG annual gross profit margin is 20.97%

    Operating Margin

    4.14%
    FWRG annual operating profit margin is 4.14%

    Net Margin

    1.86%
    FWRG annual net profit margin is 1.86%

    ROA & ROE

    ROA

    1.21%
    FWRG annual return on assets is 1.21%

    ROE

    3.27%
    FWRG annual return on equity is 3.27%

    Valuation

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    PE Ratio

    PE Ratio

    206.98
    FWRG price to earnings ratio is 206.98

    PE Ratio Sector Percentile

    97.08%
    FWRG price to earnings ratio is higher than 97.08% of companies in Consumer Cyclical sector

    PB Ratio

    PB Ratio

    1.64
    FWRG price to book ratio is 1.64

    PB Ratio Sector Percentile

    56.93%
    FWRG price to book ratio is higher than 56.93% of companies in Consumer Cyclical sector

    PS Ratio

    PS Ratio

    0.85
    FWRG price to sales ratio is 0.85

    PS Ratio Sector Percentile

    55.08%
    FWRG price to sales ratio is higher than 55.08% of companies in Consumer Cyclical sector

    Enterprise value

    Enterprise Value

    $1.96B
    FWRG enterprise value is $1.96 billion

    Enterprise Value Sector Percentile

    55.71%
    FWRG enterprise value is higher than 55.71% of companies in Consumer Cyclical sector

    EV/EBITDA

    EV/EBITDA

    19.63
    FWRG EV/EBITDA is 19.63

    EV/EBITDA Sector Percentile

    87.02%
    FWRG EV/EBITDA is higher than 87.02% of companies in Consumer Cyclical sector

    Financial Health

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    Liquidity

    Current Ratio

    0.40
    FWRG annual current ratio is 0.40

    Quick Ratio

    0.36
    FWRG annual quick ratio is 0.36

    Leverage

    Debt To Equity

    0.33
    FWRG annual debt to equity ratio is 0.33

    Interest Coverage Ratio

    3.22
    FWRG annual interest coverage ratio is 3.22

    Risk & Stability

    F-Score

    5
    FWRG piotroski f-score is 5

    Altman Z-Score

    1.11
    FWRG altman z-score is 1.11

    Analyst ratings

    Recent major analysts updates

    Aug 6, 25 Stephens & Co.
    Overweight
    Aug 6, 25 Benchmark
    Buy
    Jul 29, 25 TD Cowen
    Buy
    Jul 18, 25 B of A Securities
    Buy
    Jul 17, 25 Raymond James
    Strong Buy
    Jul 17, 25 Barclays
    Overweight
    Jun 4, 25 TD Securities
    Buy
    May 8, 25 Guggenheim
    Buy
    May 7, 25 TD Securities
    Buy
    May 7, 25 Stephens & Co.
    Overweight

    Institutional Ownership

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    NASDAQ Listed Companies
    • What is the ticker symbol for First Watch Restaurant Group, Inc.?
    • Does First Watch Restaurant Group, Inc. pay dividends?
    • What sector is First Watch Restaurant Group, Inc. in?
    • What industry is First Watch Restaurant Group, Inc. in?
    • What country is First Watch Restaurant Group, Inc. based in?
    • When did First Watch Restaurant Group, Inc. go public?
    • Is First Watch Restaurant Group, Inc. in the S&P 500?
    • Is First Watch Restaurant Group, Inc. in the NASDAQ 100?
    • Is First Watch Restaurant Group, Inc. in the Dow Jones?
    • When was First Watch Restaurant Group, Inc.'s last earnings report?
    • When does First Watch Restaurant Group, Inc. report earnings?

    What is the ticker symbol for First Watch Restaurant Group, Inc.?

    The ticker symbol for First Watch Restaurant Group, Inc. is NASDAQ:FWRG

    Does First Watch Restaurant Group, Inc. pay dividends?

    No, First Watch Restaurant Group, Inc. does not pay dividends

    What sector is First Watch Restaurant Group, Inc. in?

    First Watch Restaurant Group, Inc. is in the Consumer Cyclical sector

    What industry is First Watch Restaurant Group, Inc. in?

    First Watch Restaurant Group, Inc. is in the Restaurants industry

    What country is First Watch Restaurant Group, Inc. based in?

    First Watch Restaurant Group, Inc. is headquartered in United States

    When did First Watch Restaurant Group, Inc. go public?

    First Watch Restaurant Group, Inc.'s initial public offering (IPO) was on October 1, 2021

    Is First Watch Restaurant Group, Inc. in the S&P 500?

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

    Is First Watch Restaurant Group, Inc. in the NASDAQ 100?

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

    Is First Watch Restaurant Group, Inc. in the Dow Jones?

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

    When was First Watch Restaurant Group, Inc.'s last earnings report?

    First Watch Restaurant Group, Inc.'s most recent earnings report was on November 4, 2025

    When does First Watch Restaurant Group, Inc. report earnings?

    The next expected earnings date for First Watch Restaurant Group, Inc. is March 10, 2026
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