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First Watch Restaurant Group (FWRG) Competitors

First Watch Restaurant Group logo
$12.04 +0.78 (+6.93%)
Closing price 10/13/2026 04:00 PM Eastern
Extended Trading
$12.06 +0.02 (+0.17%)
As of 08:30 AM Eastern
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FWRG vs. CHA, ARCO, BJRI, CBRL, and WEN

Should you buy First Watch Restaurant Group stock or one of its competitors? First Watch Restaurant Group's main competitors and comparable companies include Chagee (CHA), Arcos Dorados (ARCO), BJ's Restaurants (BJRI), Cracker Barrel Old Country Store (CBRL), and Wendy's (WEN). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "restaurants" industry.

How does First Watch Restaurant Group compare to Chagee?

First Watch Restaurant Group (NASDAQ:FWRG) and Chagee (NASDAQ:CHA) are both consumer discretionary companies, but which is the better stock? We will compare the two companies based on the strength of their risk, analyst recommendations, dividends, institutional ownership, earnings, media sentiment, valuation and profitability.

First Watch Restaurant Group presently has a consensus target price of $18.33, indicating a potential upside of 52.27%. Chagee has a consensus target price of $13.82, indicating a potential upside of 10.38%. Given First Watch Restaurant Group's stronger consensus rating and higher probable upside, analysts clearly believe First Watch Restaurant Group is more favorable than Chagee.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Watch Restaurant Group
0 Sell rating(s)
2 Hold rating(s)
8 Buy rating(s)
1 Strong Buy rating(s)
2.91
Chagee
1 Sell rating(s)
4 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.14

First Watch Restaurant Group has a beta of 1.05, indicating that its share price is 5% more volatile than the broader market. Comparatively, Chagee has a beta of 1.48, indicating that its share price is 48% more volatile than the broader market.

Chagee has a net margin of 10.23% compared to First Watch Restaurant Group's net margin of 1.35%. Chagee's return on equity of 16.43% beat First Watch Restaurant Group's return on equity.

Company Net Margins Return on Equity Return on Assets
First Watch Restaurant Group1.35% 2.85% 1.01%
Chagee 10.23%16.43%11.39%

In the previous week, Chagee had 1 more articles in the media than First Watch Restaurant Group. MarketBeat recorded 4 mentions for Chagee and 3 mentions for First Watch Restaurant Group. First Watch Restaurant Group's average media sentiment score of 0.91 beat Chagee's score of 0.74 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
0 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Chagee
0 Very Positive mention(s)
2 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

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$1.22B0.61$19.43M$0.2941.52
Chagee$1.85B1.25$167.47M$1.0112.40

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

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 consumer discretionary companies, but which is the better business? We will compare the two companies based on the strength of their institutional ownership, earnings, media sentiment, valuation, analyst recommendations, risk, dividends and profitability.

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

First Watch Restaurant Group currently has a consensus price target of $18.33, suggesting a potential upside of 52.27%. Arcos Dorados has a consensus price target of $10.50, suggesting a potential upside of 31.66%. Given First Watch Restaurant Group's stronger consensus rating and higher possible upside, equities 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
0 Sell rating(s)
2 Hold rating(s)
8 Buy rating(s)
1 Strong Buy rating(s)
2.91
Arcos Dorados
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.60

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$1.22B0.61$19.43M$0.2941.52
Arcos Dorados$4.68B0.36$212.12M$1.226.54

First Watch Restaurant Group has a beta of 1.05, suggesting that its share price is 5% more volatile than the broader market. Comparatively, Arcos Dorados has a beta of 0.48, suggesting that its share price is 52% less volatile than the broader market.

In the previous week, Arcos Dorados had 2 more articles in the media than First Watch Restaurant Group. MarketBeat recorded 5 mentions for Arcos Dorados and 3 mentions for First Watch Restaurant Group. First Watch Restaurant Group's average media sentiment score of 0.91 beat Arcos Dorados' score of 0.31 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
0 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Arcos Dorados
1 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral

Arcos Dorados has a net margin of 5.15% compared to First Watch Restaurant Group's net margin of 1.35%. Arcos Dorados' return on equity of 12.50% beat First Watch Restaurant Group's return on equity.

Company Net Margins Return on Equity Return on Assets
First Watch Restaurant Group1.35% 2.85% 1.01%
Arcos Dorados 5.15%12.50%2.58%

Summary

First Watch Restaurant Group beats Arcos Dorados on 10 of the 17 factors compared between the two stocks.

How does First Watch Restaurant Group compare to BJ's Restaurants?

BJ's Restaurants (NASDAQ:BJRI) and First Watch Restaurant Group (NASDAQ:FWRG) are both small-cap consumer discretionary companies, but which is the better stock? We will compare the two businesses based on the strength of their media sentiment, analyst recommendations, profitability, earnings, risk, institutional ownership, dividends and valuation.

100.0% of BJ's Restaurants shares are held by institutional investors. Comparatively, 96.1% of First Watch Restaurant Group shares are held by institutional investors. 2.4% of BJ's Restaurants 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 hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

BJ's Restaurants has higher revenue and earnings than First Watch Restaurant Group. BJ's Restaurants 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
BJ's Restaurants$1.40B0.91$48.81M$1.8732.10
First Watch Restaurant Group$1.22B0.61$19.43M$0.2941.52

BJ's Restaurants currently has a consensus price target of $57.13, indicating a potential downside of 4.84%. First Watch Restaurant Group has a consensus price target of $18.33, indicating a potential upside of 52.27%. Given First Watch Restaurant Group's stronger consensus rating and higher possible upside, analysts clearly believe First Watch Restaurant Group is more favorable than BJ's Restaurants.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
BJ's Restaurants
2 Sell rating(s)
4 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.27
First Watch Restaurant Group
0 Sell rating(s)
2 Hold rating(s)
8 Buy rating(s)
1 Strong Buy rating(s)
2.91

In the previous week, BJ's Restaurants had 3 more articles in the media than First Watch Restaurant Group. MarketBeat recorded 6 mentions for BJ's Restaurants and 3 mentions for First Watch Restaurant Group. First Watch Restaurant Group's average media sentiment score of 0.91 beat BJ's Restaurants' score of 0.43 indicating that First Watch Restaurant Group is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
BJ's Restaurants
1 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
First Watch Restaurant Group
0 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

BJ's Restaurants has a net margin of 2.86% compared to First Watch Restaurant Group's net margin of 1.35%. BJ's Restaurants' return on equity of 12.93% beat First Watch Restaurant Group's return on equity.

Company Net Margins Return on Equity Return on Assets
BJ's Restaurants2.86% 12.93% 4.79%
First Watch Restaurant Group 1.35%2.85%1.01%

BJ's Restaurants has a beta of 1.33, suggesting that its share price is 33% more volatile than the broader market. Comparatively, First Watch Restaurant Group has a beta of 1.05, suggesting that its share price is 5% more volatile than the broader market.

Summary

BJ's Restaurants beats First Watch Restaurant Group on 10 of the 17 factors compared between the two stocks.

How does First Watch Restaurant Group compare to Cracker Barrel Old Country Store?

First Watch Restaurant Group (NASDAQ:FWRG) and Cracker Barrel Old Country Store (NASDAQ:CBRL) are both small-cap consumer discretionary companies, but which is the superior investment? We will contrast the two companies based on the strength of their media sentiment, profitability, dividends, institutional ownership, earnings, analyst recommendations, valuation and risk.

First Watch Restaurant Group currently has a consensus target price of $18.33, indicating a potential upside of 52.27%. Cracker Barrel Old Country Store has a consensus target price of $50.86, indicating a potential downside of 16.97%. Given First Watch Restaurant Group's stronger consensus rating and higher probable upside, research analysts clearly believe First Watch Restaurant Group is more favorable than Cracker Barrel Old Country Store.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Watch Restaurant Group
0 Sell rating(s)
2 Hold rating(s)
8 Buy rating(s)
1 Strong Buy rating(s)
2.91
Cracker Barrel Old Country Store
3 Sell rating(s)
4 Hold rating(s)
3 Buy rating(s)
2 Strong Buy rating(s)
2.33

96.1% of First Watch Restaurant Group shares are owned by institutional investors. Comparatively, 96.0% of Cracker Barrel Old Country Store shares are owned by institutional investors. 6.1% of First Watch Restaurant Group shares are owned by company insiders. Comparatively, 1.3% of Cracker Barrel Old Country Store shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

First Watch Restaurant Group has a beta of 1.05, meaning that its stock price is 5% more volatile than the broader market. Comparatively, Cracker Barrel Old Country Store has a beta of 1.21, meaning that its stock price is 21% more volatile than the broader market.

In the previous week, Cracker Barrel Old Country Store had 18 more articles in the media than First Watch Restaurant Group. MarketBeat recorded 21 mentions for Cracker Barrel Old Country Store and 3 mentions for First Watch Restaurant Group. First Watch Restaurant Group's average media sentiment score of 0.91 beat Cracker Barrel Old Country Store's score of 0.84 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
0 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Cracker Barrel Old Country Store
5 Very Positive mention(s)
2 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

First Watch Restaurant Group has a net margin of 1.35% compared to Cracker Barrel Old Country Store's net margin of 0.95%. Cracker Barrel Old Country Store's return on equity of 4.01% beat First Watch Restaurant Group's return on equity.

Company Net Margins Return on Equity Return on Assets
First Watch Restaurant Group1.35% 2.85% 1.01%
Cracker Barrel Old Country Store 0.95%4.01%0.86%

Cracker Barrel Old Country Store has higher revenue and earnings than First Watch Restaurant Group. First Watch Restaurant Group is trading at a lower price-to-earnings ratio than Cracker Barrel Old Country Store, 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$1.22B0.61$19.43M$0.2941.52
Cracker Barrel Old Country Store$3.32B0.41$31.67M$1.4043.75

Summary

First Watch Restaurant Group beats Cracker Barrel Old Country Store on 9 of the 17 factors compared between the two stocks.

How does First Watch Restaurant Group compare to Wendy's?

Wendy's (NASDAQ:WEN) and First Watch Restaurant Group (NASDAQ:FWRG) are both small-cap consumer discretionary companies, but which is the better investment? We will compare the two businesses based on the strength of their media sentiment, profitability, valuation, institutional ownership, risk, dividends, earnings and analyst recommendations.

Wendy's has higher revenue and earnings than First Watch Restaurant Group. Wendy's 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
Wendy's$2.18B0.56$165.07M$0.669.62
First Watch Restaurant Group$1.22B0.61$19.43M$0.2941.52

In the previous week, Wendy's had 21 more articles in the media than First Watch Restaurant Group. MarketBeat recorded 24 mentions for Wendy's and 3 mentions for First Watch Restaurant Group. First Watch Restaurant Group's average media sentiment score of 0.91 beat Wendy's' score of 0.31 indicating that First Watch Restaurant Group is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Wendy's
4 Very Positive mention(s)
4 Positive mention(s)
10 Neutral mention(s)
3 Negative mention(s)
2 Very Negative mention(s)
Neutral
First Watch Restaurant Group
0 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Wendy's has a net margin of 5.72% compared to First Watch Restaurant Group's net margin of 1.35%. Wendy's' return on equity of 115.31% beat First Watch Restaurant Group's return on equity.

Company Net Margins Return on Equity Return on Assets
Wendy's5.72% 115.31% 2.70%
First Watch Restaurant Group 1.35%2.85%1.01%

86.0% of Wendy's shares are held by institutional investors. Comparatively, 96.1% of First Watch Restaurant Group shares are held by institutional investors. 17.1% of Wendy's shares are held by company insiders. Comparatively, 6.1% of First Watch Restaurant Group shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Wendy's has a beta of 0.4, meaning that its share price is 60% less volatile than the broader market. Comparatively, First Watch Restaurant Group has a beta of 1.05, meaning that its share price is 5% more volatile than the broader market.

Wendy's currently has a consensus price target of $7.75, indicating a potential upside of 22.05%. First Watch Restaurant Group has a consensus price target of $18.33, indicating a potential upside of 52.27%. Given First Watch Restaurant Group's stronger consensus rating and higher possible upside, analysts plainly believe First Watch Restaurant Group is more favorable than Wendy's.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Wendy's
5 Sell rating(s)
12 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
1.84
First Watch Restaurant Group
0 Sell rating(s)
2 Hold rating(s)
8 Buy rating(s)
1 Strong Buy rating(s)
2.91

Summary

First Watch Restaurant Group beats Wendy's 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 GroupHotels, Restaurants & Leisure IndustryConsumer Discretionary SectorNASDAQ Exchange
Market Cap$694.88M$7.33B$12.52B$13.21B
Dividend YieldN/A3.96%87.68%22.89%
P/E Ratio41.5218.1342.3719.81
Price / Sales0.61337.8588.8981.34
Price / Cash7.2320.5531.6553.04
Price / Book1.174.353.996.03
Net Income$19.43M$261.14M$443.94M$380.34M
7 Day Performance14.67%0.48%0.22%-2.34%
1 Month Performance5.99%-3.40%-2.46%-5.31%
1 Year Performance-31.28%-7.78%-5.23%-2.94%

First Watch Restaurant Group Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
FWRG
First Watch Restaurant Group
4.0373 of 5 stars
$12.04
+6.9%
$18.33
+52.3%
-25.9%$694.88M$1.22B41.5217,500
CHA
Chagee
3.4721 of 5 stars
$11.42
+2.1%
$13.82
+21.0%
-22.2%$2.05B$1.85B11.313,812
ARCO
Arcos Dorados
4.6449 of 5 stars
$8.17
+0.8%
$10.50
+28.6%
+15.1%$1.71B$4.98B6.6996,782
BJRI
BJ's Restaurants
2.5079 of 5 stars
$61.33
-0.5%
$57.13
-6.9%
+92.5%$1.31B$1.43B32.8022,000
CBRL
Cracker Barrel Old Country Store
3.8134 of 5 stars
$56.32
flat
$50.86
-9.7%
+52.1%$1.26B$3.32B40.2374,500

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This page (NASDAQ:FWRG) was last updated on 10/14/2026 by MarketBeat.com Staff.
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