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First Watch Restaurant Group (FWRG) Competitors

First Watch Restaurant Group logo
$12.39 +0.45 (+3.77%)
Closing price 06/12/2026 04:00 PM Eastern
Extended Trading
$12.40 +0.00 (+0.04%)
As of 06/12/2026 07:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.

FWRG vs. MLCO, SHAK, CHA, ARCO, and XHR

Should you buy First Watch Restaurant Group stock or one of its competitors? MarketBeat compares First Watch Restaurant Group with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with First Watch Restaurant Group include Melco Resorts & Entertainment (MLCO), Shake Shack (SHAK), Chagee (CHA), Arcos Dorados (ARCO), and Xenia Hotels & Resorts (XHR). These companies are all part of the "restaurants, hotels, motels" industry.

How does First Watch Restaurant Group compare to Melco Resorts & Entertainment?

First Watch Restaurant Group (NASDAQ:FWRG) and Melco Resorts & Entertainment (NASDAQ:MLCO) are both restaurants, hotels, motels companies, but which is the superior investment? We will compare the two companies based on the strength of their dividends, risk, profitability, earnings, analyst recommendations, media sentiment, institutional ownership and valuation.

Melco Resorts & Entertainment has a net margin of 4.33% compared to First Watch Restaurant Group's net margin of 1.38%. First Watch Restaurant Group's return on equity of 2.85% beat Melco Resorts & Entertainment's return on equity.

Company Net Margins Return on Equity Return on Assets
First Watch Restaurant Group1.38% 2.85% 1.02%
Melco Resorts & Entertainment 4.33%-32.60%4.03%

First Watch Restaurant Group has a beta of 1.06, suggesting that its share price is 6% more volatile than the broader market. Comparatively, Melco Resorts & Entertainment has a beta of 0.58, suggesting that its share price is 42% less volatile than the broader market.

96.1% of First Watch Restaurant Group shares are owned by institutional investors. Comparatively, 39.6% of Melco Resorts & Entertainment shares are owned by institutional investors. 6.1% of First Watch Restaurant Group shares are owned by company insiders. Comparatively, 57.1% of Melco Resorts & Entertainment shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

In the previous week, First Watch Restaurant Group had 6 more articles in the media than Melco Resorts & Entertainment. MarketBeat recorded 11 mentions for First Watch Restaurant Group and 5 mentions for Melco Resorts & Entertainment. Melco Resorts & Entertainment's average media sentiment score of 1.43 beat First Watch Restaurant Group's score of 0.56 indicating that Melco Resorts & Entertainment is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
First Watch Restaurant Group
3 Very Positive mention(s)
0 Positive mention(s)
5 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive
Melco Resorts & Entertainment
3 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Melco Resorts & Entertainment has higher revenue and earnings than First Watch Restaurant Group. Melco Resorts & Entertainment is trading at a lower price-to-earnings ratio than First Watch Restaurant Group, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
First Watch Restaurant Group$1.22B0.62$19.43M$0.2844.25
Melco Resorts & Entertainment$5.16B0.41$185.04M$0.589.48

First Watch Restaurant Group presently has a consensus target price of $19.27, indicating a potential upside of 55.55%. Melco Resorts & Entertainment has a consensus target price of $8.96, indicating a potential upside of 62.91%. Given Melco Resorts & Entertainment's higher possible upside, analysts plainly believe Melco Resorts & Entertainment is more favorable than First Watch Restaurant Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Watch Restaurant Group
1 Sell rating(s)
1 Hold rating(s)
9 Buy rating(s)
1 Strong Buy rating(s)
2.83
Melco Resorts & Entertainment
1 Sell rating(s)
3 Hold rating(s)
4 Buy rating(s)
1 Strong Buy rating(s)
2.56

Summary

First Watch Restaurant Group and Melco Resorts & Entertainment tied by winning 8 of the 16 factors compared between the two stocks.

How does First Watch Restaurant Group compare to Shake Shack?

First Watch Restaurant Group (NASDAQ:FWRG) and Shake Shack (NYSE:SHAK) are both retail/wholesale companies, but which is the better business? We will contrast the two companies based on the strength of their dividends, analyst recommendations, earnings, media sentiment, risk, institutional ownership, valuation and profitability.

Shake Shack has a net margin of 2.76% compared to First Watch Restaurant Group's net margin of 1.38%. Shake Shack's return on equity of 9.62% beat First Watch Restaurant Group's return on equity.

Company Net Margins Return on Equity Return on Assets
First Watch Restaurant Group1.38% 2.85% 1.02%
Shake Shack 2.76%9.62%2.81%

First Watch Restaurant Group presently has a consensus price target of $19.27, indicating a potential upside of 55.55%. Shake Shack has a consensus price target of $94.56, indicating a potential upside of 62.36%. Given Shake Shack's higher possible upside, analysts clearly believe Shake Shack is more favorable than First Watch Restaurant Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Watch Restaurant Group
1 Sell rating(s)
1 Hold rating(s)
9 Buy rating(s)
1 Strong Buy rating(s)
2.83
Shake Shack
1 Sell rating(s)
12 Hold rating(s)
16 Buy rating(s)
0 Strong Buy rating(s)
2.52

In the previous week, Shake Shack had 6 more articles in the media than First Watch Restaurant Group. MarketBeat recorded 17 mentions for Shake Shack and 11 mentions for First Watch Restaurant Group. First Watch Restaurant Group's average media sentiment score of 0.56 beat Shake Shack's score of 0.16 indicating that First Watch Restaurant Group is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
First Watch Restaurant Group
3 Very Positive mention(s)
0 Positive mention(s)
5 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive
Shake Shack
3 Very Positive mention(s)
3 Positive mention(s)
4 Neutral mention(s)
7 Negative mention(s)
0 Very Negative mention(s)
Neutral

Shake Shack has higher revenue and earnings than First Watch Restaurant Group. First Watch Restaurant Group is trading at a lower price-to-earnings ratio than Shake Shack, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
First Watch Restaurant Group$1.22B0.62$19.43M$0.2844.25
Shake Shack$1.45B1.72$45.72M$0.9859.43

96.1% of First Watch Restaurant Group shares are held by institutional investors. Comparatively, 86.1% of Shake Shack shares are held by institutional investors. 6.1% of First Watch Restaurant Group shares are held by insiders. Comparatively, 8.3% of Shake Shack shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

First Watch Restaurant Group has a beta of 1.06, meaning that its share price is 6% more volatile than the broader market. Comparatively, Shake Shack has a beta of 1.63, meaning that its share price is 63% more volatile than the broader market.

Summary

Shake Shack beats First Watch Restaurant Group on 13 of the 17 factors compared between the two stocks.

How does First Watch Restaurant Group compare to Chagee?

First Watch Restaurant Group (NASDAQ:FWRG) and Chagee (NASDAQ:CHA) are both restaurants, hotels, motels companies, but which is the superior investment? We will contrast the two businesses based on the strength of their risk, institutional ownership, analyst recommendations, media sentiment, earnings, profitability, valuation and dividends.

Chagee has a net margin of 7.25% compared to First Watch Restaurant Group's net margin of 1.38%. Chagee's return on equity of 11.66% beat First Watch Restaurant Group's return on equity.

Company Net Margins Return on Equity Return on Assets
First Watch Restaurant Group1.38% 2.85% 1.02%
Chagee 7.25%11.66%8.22%

First Watch Restaurant Group presently has a consensus target price of $19.27, suggesting a potential upside of 55.55%. Chagee has a consensus target price of $19.17, suggesting a potential upside of 57.62%. Given Chagee's higher probable upside, analysts clearly believe Chagee is more favorable than First Watch Restaurant Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Watch Restaurant Group
1 Sell rating(s)
1 Hold rating(s)
9 Buy rating(s)
1 Strong Buy rating(s)
2.83
Chagee
1 Sell rating(s)
4 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.25

96.1% of First Watch Restaurant Group shares are held by institutional investors. 6.1% of First Watch Restaurant Group shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

First Watch Restaurant Group has a beta of 1.06, suggesting that its stock price is 6% more volatile than the broader market. Comparatively, Chagee has a beta of 1.72, suggesting that its stock price is 72% more volatile than the broader market.

Chagee has higher revenue and earnings than First Watch Restaurant Group. Chagee is trading at a lower price-to-earnings ratio than First Watch Restaurant Group, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
First Watch Restaurant Group$1.22B0.62$19.43M$0.2844.25
Chagee$1.85B1.21$167.47M$0.7017.37

In the previous week, First Watch Restaurant Group had 7 more articles in the media than Chagee. MarketBeat recorded 11 mentions for First Watch Restaurant Group and 4 mentions for Chagee. First Watch Restaurant Group's average media sentiment score of 0.56 beat Chagee's score of 0.38 indicating that First Watch Restaurant Group is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
First Watch Restaurant Group
3 Very Positive mention(s)
0 Positive mention(s)
5 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive
Chagee
1 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral

Summary

Chagee beats First Watch Restaurant Group on 9 of the 17 factors compared between the two stocks.

How does First Watch Restaurant Group compare to Arcos Dorados?

First Watch Restaurant Group (NASDAQ:FWRG) and Arcos Dorados (NYSE:ARCO) are both small-cap retail/wholesale companies, but which is the superior investment? We will contrast the two businesses based on the strength of their earnings, media sentiment, risk, valuation, institutional ownership, profitability, dividends and analyst recommendations.

First Watch Restaurant Group presently has a consensus price target of $19.27, suggesting a potential upside of 55.55%. Arcos Dorados has a consensus price target of $8.70, suggesting a potential downside of 1.42%. Given First Watch Restaurant Group's stronger consensus rating and higher probable upside, research analysts plainly believe First Watch Restaurant Group is more favorable than Arcos Dorados.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Watch Restaurant Group
1 Sell rating(s)
1 Hold rating(s)
9 Buy rating(s)
1 Strong Buy rating(s)
2.83
Arcos Dorados
0 Sell rating(s)
3 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.40

Arcos Dorados has higher revenue and earnings than First Watch Restaurant Group. Arcos Dorados is trading at a lower price-to-earnings ratio than First Watch Restaurant Group, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
First Watch Restaurant Group$1.22B0.62$19.43M$0.2844.25
Arcos Dorados$4.68B0.40$212.12M$1.117.95

Arcos Dorados has a net margin of 4.86% compared to First Watch Restaurant Group's net margin of 1.38%. Arcos Dorados' return on equity of 10.47% beat First Watch Restaurant Group's return on equity.

Company Net Margins Return on Equity Return on Assets
First Watch Restaurant Group1.38% 2.85% 1.02%
Arcos Dorados 4.86%10.47%2.06%

96.1% of First Watch Restaurant Group shares are held by institutional investors. Comparatively, 55.9% of Arcos Dorados shares are held by institutional investors. 6.1% of First Watch Restaurant Group shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

In the previous week, First Watch Restaurant Group had 9 more articles in the media than Arcos Dorados. MarketBeat recorded 11 mentions for First Watch Restaurant Group and 2 mentions for Arcos Dorados. First Watch Restaurant Group's average media sentiment score of 0.56 beat Arcos Dorados' score of 0.33 indicating that First Watch Restaurant Group is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
First Watch Restaurant Group
3 Very Positive mention(s)
0 Positive mention(s)
5 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive
Arcos Dorados
0 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

First Watch Restaurant Group has a beta of 1.06, indicating that its share price is 6% more volatile than the broader market. Comparatively, Arcos Dorados has a beta of 0.46, indicating that its share price is 54% less volatile than the broader market.

Summary

First Watch Restaurant Group beats Arcos Dorados on 11 of the 17 factors compared between the two stocks.

How does First Watch Restaurant Group compare to Xenia Hotels & Resorts?

Xenia Hotels & Resorts (NYSE:XHR) and First Watch Restaurant Group (NASDAQ:FWRG) are both small-cap restaurants, hotels, motels companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, media sentiment, risk, valuation, institutional ownership, earnings, analyst recommendations and profitability.

In the previous week, First Watch Restaurant Group had 8 more articles in the media than Xenia Hotels & Resorts. MarketBeat recorded 11 mentions for First Watch Restaurant Group and 3 mentions for Xenia Hotels & Resorts. Xenia Hotels & Resorts' average media sentiment score of 0.86 beat First Watch Restaurant Group's score of 0.56 indicating that Xenia Hotels & Resorts is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Xenia Hotels & Resorts
2 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
First Watch Restaurant Group
3 Very Positive mention(s)
0 Positive mention(s)
5 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive

Xenia Hotels & Resorts has a beta of 1.17, suggesting that its stock price is 17% more volatile than the broader market. Comparatively, First Watch Restaurant Group has a beta of 1.06, suggesting that its stock price is 6% more volatile than the broader market.

Xenia Hotels & Resorts has higher earnings, but lower revenue than First Watch Restaurant Group. Xenia Hotels & Resorts is trading at a lower price-to-earnings ratio than First Watch Restaurant Group, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Xenia Hotels & Resorts$1.08B1.66$63.09M$0.7027.75
First Watch Restaurant Group$1.22B0.62$19.43M$0.2844.25

92.4% of Xenia Hotels & Resorts shares are held by institutional investors. Comparatively, 96.1% of First Watch Restaurant Group shares are held by institutional investors. 4.4% of Xenia Hotels & Resorts shares are held by insiders. Comparatively, 6.1% of First Watch Restaurant Group shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Xenia Hotels & Resorts has a net margin of 6.20% compared to First Watch Restaurant Group's net margin of 1.38%. Xenia Hotels & Resorts' return on equity of 5.53% beat First Watch Restaurant Group's return on equity.

Company Net Margins Return on Equity Return on Assets
Xenia Hotels & Resorts6.20% 5.53% 2.38%
First Watch Restaurant Group 1.38%2.85%1.02%

Xenia Hotels & Resorts presently has a consensus price target of $19.25, suggesting a potential downside of 0.89%. First Watch Restaurant Group has a consensus price target of $19.27, suggesting a potential upside of 55.55%. Given First Watch Restaurant Group's higher possible upside, analysts clearly believe First Watch Restaurant Group is more favorable than Xenia Hotels & Resorts.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Xenia Hotels & Resorts
0 Sell rating(s)
0 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
3.00
First Watch Restaurant Group
1 Sell rating(s)
1 Hold rating(s)
9 Buy rating(s)
1 Strong Buy rating(s)
2.83

Summary

Xenia Hotels & Resorts beats First Watch Restaurant Group on 9 of the 17 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding FWRG and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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FWRG vs. The Competition

MetricFirst Watch Restaurant GroupRETAIL IndustryRetail SectorNASDAQ Exchange
Market Cap$763.78M$11.33B$27.20B$12.07B
Dividend YieldN/A2.68%176.82%5.67%
P/E Ratio44.2528.6220.4924.42
Price / Sales0.621.753.93109.98
Price / Cash7.9515.5715.2137.92
Price / Book1.214.886.276.83
Net Income$19.43M$385.35M$961.79M$337.67M
7 Day Performance21.71%8.41%3.92%2.68%
1 Month Performance15.15%7.98%4.51%1.56%
1 Year Performance-17.51%-8.45%5.08%30.59%

First Watch Restaurant Group Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
FWRG
First Watch Restaurant Group
4.4422 of 5 stars
$12.39
+3.8%
$19.27
+55.6%
-17.5%$763.78M$1.22B44.2517,500
MLCO
Melco Resorts & Entertainment
4.739 of 5 stars
$5.62
-5.5%
$8.96
+59.4%
-8.6%$2.31B$5.16B9.6922,961
SHAK
Shake Shack
4.8105 of 5 stars
$53.74
+1.5%
$94.56
+76.0%
-52.9%$2.27B$1.45B54.8413,873
CHA
Chagee
4.682 of 5 stars
$10.90
-3.4%
$19.17
+75.8%
-58.6%$2.07B$1.85B15.573,812
ARCO
Arcos Dorados
2.7738 of 5 stars
$8.32
+1.3%
$8.70
+4.6%
+16.4%$1.73B$4.68B7.4996,782

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This page (NASDAQ:FWRG) was last updated on 6/14/2026 by MarketBeat.com Staff.
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