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NASDAQ:FWRG

First Watch Restaurant Group (FWRG) Stock Price, News & Analysis

First Watch Restaurant Group logo
$13.16 +0.19 (+1.49%)
As of 12:56 PM Eastern
This is a fair market value price provided by Massive. Learn more.

About First Watch Restaurant Group Stock (NASDAQ:FWRG)

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Key Stats

Today's Range
$12.87
$13.22
50-Day Range
$10.18
$13.34
52-Week Range
$9.97
$19.53
Volume
311,490 shs
Average Volume
1.48 million shs
Market Capitalization
$812.29 million
P/E Ratio
45.40
Dividend Yield
N/A
Price Target
$18.56
Consensus Rating
Moderate Buy

Company Overview

First Watch Restaurant Group, Inc. (NASDAQ: FWRG) operates a specialty daytime dining concept focused on breakfast, brunch and lunch. The company’s casual, full-service cafés emphasize fresh ingredients, made-to-order entrées and a seasonally driven menu that ranges from omelets and Benedicts to salads, skillets and afternoon sandwiches. First Watch positions itself as a daytime-only destination, with most locations opening early morning and closing by mid-afternoon.

Founded in 1983 by Ken Pendery and John Sullivan in Pacific Grove, California, First Watch began as a single café and gradually expanded through company-owned and select franchised locations. The company relocated its headquarters to Bradenton, Florida, where it maintains its corporate campus. In November 2021, First Watch completed its initial public offering on the NASDAQ exchange, providing capital to support continued unit growth and operational enhancements.

As of the most recent filings, First Watch operates more than 400 restaurants across roughly 29 states, including markets in the Southeast, Midwest and select West Coast regions. Each café features an open-kitchen design and a modern interior that reinforces the brand’s commitment to transparency, quality and a friendly guest experience. The menu’s focus on fresh-pressed juices, artisanal coffee and crafted cocktails further differentiates First Watch in the daytime casual dining segment.

Under the leadership of President and Chief Executive Officer Chris Tomasso, First Watch continues to pursue a hybrid growth strategy of corporate development and franchise partnerships. Management emphasizes operational excellence, workforce training and real-estate discipline to drive unit profitability. Looking ahead, the company aims to deepen its footprint in existing markets while evaluating new territories for strategic expansion.

AI Generated. May Contain Errors.

First Watch Restaurant Group Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
84th Percentile Overall Score

FWRG MarketRank™: 

First Watch Restaurant Group scored higher than 84% of companies evaluated by MarketBeat, and ranked 154th out of 486 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    First Watch Restaurant Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.82, and is based on 1 strong buy rating, 8 buy ratings, 1 hold rating, and 1 sell rating.

  • Upside Potential

    First Watch Restaurant Group has a consensus price target of $18.56, representing about 43.8% upside from its current price of $12.91.

  • Amount of Analyst Coverage

    First Watch Restaurant Group has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about First Watch Restaurant Group's stock forecast and price target.
  • Earnings Growth

    Earnings for First Watch Restaurant Group are expected to grow by 86.67% in the coming year, from $0.15 to $0.28 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of First Watch Restaurant Group is 44.65, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 39.60.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of First Watch Restaurant Group is 44.65, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 46.64.

  • Price to Earnings Growth Ratio

    First Watch Restaurant Group has a PEG Ratio of 21.08. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    First Watch Restaurant Group has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    10.38% of the float of First Watch Restaurant Group has been sold short.
  • Short Interest Ratio / Days to Cover

    First Watch Restaurant Group has a short interest ratio ("days to cover") of 6.67.
  • Change versus previous month

    Short interest in First Watch Restaurant Group has recently increased by 13.14%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    First Watch Restaurant Group does not currently pay a dividend.

  • Dividend Growth

    First Watch Restaurant Group does not have a long track record of dividend growth.

  • News Sentiment

    First Watch Restaurant Group has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.
  • News Coverage This Week

    MarketBeat has tracked 10 news articles for First Watch Restaurant Group this week, compared to 4 articles on an average week.
  • Search Interest

    2 people have searched for FWRG on MarketBeat in the last 30 days.
  • MarketBeat Follows

    1 people have added First Watch Restaurant Group to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, First Watch Restaurant Group insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    6.10% of the stock of First Watch Restaurant Group is held by insiders.

  • Percentage Held by Institutions

    96.11% of the stock of First Watch Restaurant Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about First Watch Restaurant Group's insider trading history.
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FWRG Stock News Headlines

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FWRG Stock Analysis - Frequently Asked Questions

First Watch Restaurant Group's stock was trading at $15.08 on January 1st, 2026. Since then, FWRG shares have decreased by 14.4% and is now trading at $12.9050.

First Watch Restaurant Group, Inc. (NASDAQ:FWRG) issued its earnings results on Tuesday, August, 4th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.01. The company's revenue was up 15.2% on a year-over-year basis.
Read the conference call transcript
.

First Watch Restaurant Group (FWRG) raised $175 million in an initial public offering (IPO) on Wednesday, September 29th 2021. The company issued 9,459,000 shares at $17.00-$20.00 per share.

Top institutional investors of First Watch Restaurant Group include BlackRock Inc. (7.35%), Bank of New York Mellon Corp (6.03%), Paralel Advisors LLC (1.46%) and Western Standard LLC (0.83%). Insiders that own company stock include Tricia Glynn, Advent Partners Gpe Viii Limit, International LP Advent, Christopher Anthony Tomasso, Laura Anne Sorensen, Jay Anthony Wolszczak, H Melville Hope III, John Daniel Jones, Matthew Eisenacher, Eric Richard Hartman and William A Kussell.
View institutional ownership trends
.

Shares of FWRG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Based on aggregate information from My MarketBeat watchlists, some other companies that First Watch Restaurant Group investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), ServiceNow (NOW), Netflix (NFLX) and Palo Alto Networks (PANW).

Company Calendar

Last Earnings
8/04/2026
Today
8/14/2026
Fiscal Year End
12/31/2026

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Hotels, Restaurants & Leisure
Sub-Industry
Restaurants
Current Symbol
NASDAQ:FWRG
CIK
1789940
Fax
N/A
Employees
17,500
Year Founded
1983

Price Target and Rating

High Price Target
$22.00
Low Price Target
$14.00
Potential Upside/Downside
+40.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
11 Analysts

Profitability

EPS (Trailing Twelve Months)
$0.29
Trailing P/E Ratio
45.29
Forward P/E Ratio
87.90
P/E Growth
21.08
Net Income
$19.43 million
Net Margins
1.35%
Pretax Margin
0.76%
Return on Equity
2.85%
Return on Assets
1.01%

Debt

Debt-to-Equity Ratio
0.44
Current Ratio
0.27
Quick Ratio
0.22

Sales & Book Value

Annual Sales
$1.22 billion
Price / Sales
0.67
Cash Flow
$1.62 per share
Price / Cash Flow
8.12
Book Value
$10.28 per share
Price / Book
1.28

Miscellaneous

Outstanding Shares
61,710,000
Free Float
57,948,000
Market Cap
$813.65 million
Optionable
Optionable
Beta
1.03

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This page (NASDAQ:FWRG) was last updated on 8/14/2026 by MarketBeat.com Staff.
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