Free Trial
Final Hours! Save $100 on MarketBeat All Access Before 11:59 PM
  • 0Days
  • 0Hours
  • 0Minutes
  • 0Seconds
Lock In $149 Tonight
Claim MarketBeat All Access Sale Promotion

First Watch Restaurant Group (FWRG) Competitors

First Watch Restaurant Group logo
$11.49 0.00 (0.00%)
Closing price 05/22/2026 04:00 PM Eastern
Extended Trading
$11.50 +0.00 (+0.04%)
As of 05/22/2026 07:02 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. SHAK, PK, MLCO, CHA, and TH

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 Shake Shack (SHAK), Park Hotels & Resorts (PK), Melco Resorts & Entertainment (MLCO), Chagee (CHA), and Target Hospitality (TH). These companies are all part of the "restaurants, hotels, motels" industry.

How does First Watch Restaurant Group compare to Shake Shack?

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

In the previous week, Shake Shack had 17 more articles in the media than First Watch Restaurant Group. MarketBeat recorded 20 mentions for Shake Shack and 3 mentions for First Watch Restaurant Group. First Watch Restaurant Group's average media sentiment score of 0.85 beat Shake Shack's score of 0.29 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
Shake Shack
2 Very Positive mention(s)
3 Positive mention(s)
7 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
First Watch Restaurant Group
1 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

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
Shake Shack$1.45B1.86$45.72M$0.9864.02
First Watch Restaurant Group$1.22B0.58$19.43M$0.2841.04

Shake Shack currently has a consensus target price of $107.08, indicating a potential upside of 70.67%. First Watch Restaurant Group has a consensus target price of $19.25, indicating a potential upside of 67.54%. Given Shake Shack's higher probable upside, analysts plainly believe Shake Shack is more favorable than First Watch Restaurant Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Shake Shack
1 Sell rating(s)
12 Hold rating(s)
14 Buy rating(s)
1 Strong Buy rating(s)
2.54
First Watch Restaurant Group
1 Sell rating(s)
1 Hold rating(s)
10 Buy rating(s)
1 Strong Buy rating(s)
2.85

86.1% of Shake Shack shares are held by institutional investors. Comparatively, 96.1% of First Watch Restaurant Group shares are held by institutional investors. 8.3% of Shake Shack 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 endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Shake Shack has a beta of 1.78, meaning that its share price is 78% more volatile than the broader market. Comparatively, First Watch Restaurant Group has a beta of 1.11, meaning that its share price is 11% more volatile than the broader market.

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
Shake Shack2.76% 9.62% 2.81%
First Watch Restaurant Group 1.38%2.85%1.02%

Summary

Shake Shack beats First Watch Restaurant Group on 13 of the 16 factors compared between the two stocks.

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

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

First Watch Restaurant Group has a net margin of 1.38% compared to Park Hotels & Resorts' net margin of -8.49%. First Watch Restaurant Group's return on equity of 2.85% beat Park Hotels & Resorts' return on equity.

Company Net Margins Return on Equity Return on Assets
Park Hotels & Resorts-8.49% -6.71% -2.60%
First Watch Restaurant Group 1.38%2.85%1.02%

First Watch Restaurant Group has lower revenue, but higher earnings than Park Hotels & Resorts. Park 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
Park Hotels & Resorts$2.54B0.91-$283M-$1.09N/A
First Watch Restaurant Group$1.22B0.58$19.43M$0.2841.04

Park Hotels & Resorts currently has a consensus price target of $11.55, indicating a potential upside of 0.30%. First Watch Restaurant Group has a consensus price target of $19.25, indicating a potential upside of 67.54%. Given First Watch Restaurant Group's stronger consensus rating and higher probable upside, analysts clearly believe First Watch Restaurant Group is more favorable than Park Hotels & Resorts.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Park Hotels & Resorts
2 Sell rating(s)
9 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
1.92
First Watch Restaurant Group
1 Sell rating(s)
1 Hold rating(s)
10 Buy rating(s)
1 Strong Buy rating(s)
2.85

In the previous week, First Watch Restaurant Group had 1 more articles in the media than Park Hotels & Resorts. MarketBeat recorded 3 mentions for First Watch Restaurant Group and 2 mentions for Park Hotels & Resorts. First Watch Restaurant Group's average media sentiment score of 0.85 beat Park Hotels & Resorts' score of 0.51 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
Park Hotels & Resorts
1 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
1 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Park Hotels & Resorts has a beta of 1.37, meaning that its stock price is 37% more volatile than the broader market. Comparatively, First Watch Restaurant Group has a beta of 1.11, meaning that its stock price is 11% more volatile than the broader market.

92.7% of Park Hotels & Resorts shares are owned by institutional investors. Comparatively, 96.1% of First Watch Restaurant Group shares are owned by institutional investors. 2.5% of Park Hotels & Resorts shares are owned by company insiders. Comparatively, 6.1% of First Watch Restaurant Group shares are owned 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.

Summary

First Watch Restaurant Group beats Park Hotels & Resorts on 14 of the 17 factors compared between the two stocks.

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 contrast the two companies based on the strength of their earnings, dividends, valuation, profitability, risk, analyst recommendations, media sentiment and institutional ownership.

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$1.22B0.58$19.43M$0.2841.04
Melco Resorts & Entertainment$5.16B0.40$185.04M$0.589.28

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%

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

First Watch Restaurant Group has a beta of 1.11, suggesting that its share price is 11% more volatile than the broader market. Comparatively, Melco Resorts & Entertainment has a beta of 0.6, suggesting that its share price is 40% less volatile than the broader market.

In the previous week, First Watch Restaurant Group had 3 more articles in the media than Melco Resorts & Entertainment. MarketBeat recorded 3 mentions for First Watch Restaurant Group and 0 mentions for Melco Resorts & Entertainment. First Watch Restaurant Group's average media sentiment score of 0.85 beat Melco Resorts & Entertainment's score of 0.00 indicating that First Watch Restaurant Group is being referred to more favorably in the media.

Company Overall Sentiment
First Watch Restaurant Group Positive
Melco Resorts & Entertainment Neutral

First Watch Restaurant Group currently has a consensus target price of $19.25, suggesting a potential upside of 67.54%. Melco Resorts & Entertainment has a consensus target price of $9.68, suggesting a potential upside of 79.83%. 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)
10 Buy rating(s)
1 Strong Buy rating(s)
2.85
Melco Resorts & Entertainment
1 Sell rating(s)
2 Hold rating(s)
5 Buy rating(s)
1 Strong Buy rating(s)
2.67

Summary

First Watch Restaurant Group beats Melco Resorts & Entertainment on 9 of the 16 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 small-cap restaurants, hotels, motels companies, but which is the superior stock? We will compare the two businesses based on the strength of their media sentiment, earnings, analyst recommendations, institutional ownership, dividends, risk, valuation and profitability.

Chagee has a net margin of 9.00% compared to First Watch Restaurant Group's net margin of 1.38%. Chagee's return on equity of 16.60% 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 9.00%16.60%11.11%

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 0.85 beat Chagee's score of 0.11 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
1 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Chagee
0 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 presently has a consensus target price of $19.25, indicating a potential upside of 67.54%. Chagee has a consensus target price of $30.31, indicating a potential upside of 217.76%. Given Chagee's higher possible upside, analysts plainly 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)
10 Buy rating(s)
1 Strong Buy rating(s)
2.85
Chagee
2 Sell rating(s)
2 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.33

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

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$1.22B0.58$19.43M$0.2841.04
Chagee$1.85B0.95$167.47M$0.9010.60

Summary

Chagee beats First Watch Restaurant Group on 9 of the 16 factors compared between the two stocks.

How does First Watch Restaurant Group compare to Target Hospitality?

Target Hospitality (NASDAQ:TH) and First Watch Restaurant Group (NASDAQ:FWRG) are both small-cap restaurants, hotels, motels companies, but which is the superior business? We will compare the two businesses based on the strength of their institutional ownership, profitability, dividends, valuation, analyst recommendations, media sentiment, risk and earnings.

Target Hospitality currently has a consensus target price of $18.00, suggesting a potential upside of 0.56%. First Watch Restaurant Group has a consensus target price of $19.25, suggesting a potential upside of 67.54%. Given First Watch Restaurant Group's stronger consensus rating and higher possible upside, analysts clearly believe First Watch Restaurant Group is more favorable than Target Hospitality.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Target Hospitality
1 Sell rating(s)
0 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
2.75
First Watch Restaurant Group
1 Sell rating(s)
1 Hold rating(s)
10 Buy rating(s)
1 Strong Buy rating(s)
2.85

Target Hospitality has a beta of 1.43, suggesting that its stock price is 43% more volatile than the broader market. Comparatively, First Watch Restaurant Group has a beta of 1.11, suggesting that its stock price is 11% more volatile than the broader market.

32.4% of Target Hospitality shares are held by institutional investors. Comparatively, 96.1% of First Watch Restaurant Group shares are held by institutional investors. 3.8% of Target Hospitality 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 endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

First Watch Restaurant Group has higher revenue and earnings than Target Hospitality. Target Hospitality 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
Target Hospitality$320.64M5.59-$37.12M-$0.44N/A
First Watch Restaurant Group$1.22B0.58$19.43M$0.2841.04

First Watch Restaurant Group has a net margin of 1.38% compared to Target Hospitality's net margin of -13.47%. First Watch Restaurant Group's return on equity of 2.85% beat Target Hospitality's return on equity.

Company Net Margins Return on Equity Return on Assets
Target Hospitality-13.47% -11.11% -8.13%
First Watch Restaurant Group 1.38%2.85%1.02%

In the previous week, First Watch Restaurant Group had 2 more articles in the media than Target Hospitality. MarketBeat recorded 3 mentions for First Watch Restaurant Group and 1 mentions for Target Hospitality. First Watch Restaurant Group's average media sentiment score of 0.85 beat Target Hospitality's score of 0.00 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
Target Hospitality
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
First Watch Restaurant Group
1 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

First Watch Restaurant Group beats Target Hospitality on 14 of the 16 factors compared between the two stocks.

Get First Watch Restaurant Group News Delivered to You Automatically

Sign up to receive the latest news and ratings for FWRG and its competitors with MarketBeat's FREE daily newsletter.

Subscribe Now
SMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

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.
Skip Chart

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.
Skip Chart

FWRG vs. The Competition

MetricFirst Watch Restaurant GroupRETAIL IndustryRetail SectorNASDAQ Exchange
Market Cap$708.30M$11.09B$27.26B$12.34B
Dividend YieldN/A2.74%178.40%5.28%
P/E Ratio41.0424.6916.2122.89
Price / Sales0.581.634.1186.28
Price / Cash7.3714.7014.9556.67
Price / Book1.134.285.197.14
Net Income$19.43M$392.93M$957.86M$335.98M
7 Day Performance4.36%1.12%2.08%3.56%
1 Month Performance-13.48%-2.50%-0.78%2.54%
1 Year Performance-27.14%-9.08%1.97%35.05%

First Watch Restaurant Group Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
FWRG
First Watch Restaurant Group
4.5706 of 5 stars
$11.49
flat
$19.25
+67.5%
-27.1%$708.30M$1.22B41.0417,500
SHAK
Shake Shack
4.7673 of 5 stars
$64.08
+7.3%
$107.08
+67.1%
-46.7%$2.55B$1.45B65.3813,873
PK
Park Hotels & Resorts
1.9634 of 5 stars
$11.01
-0.7%
$11.55
+4.9%
+13.0%$2.23B$2.54BN/A90
MLCO
Melco Resorts & Entertainment
3.9593 of 5 stars
$5.44
-1.6%
$9.06
+66.5%
-11.9%$2.15B$5.16B9.3822,961
CHA
Chagee
4.7369 of 5 stars
$10.17
-0.4%
$30.31
+198.1%
N/A$1.87B$1.85B11.303,812

Related Companies and Tools


This page (NASDAQ:FWRG) was last updated on 5/25/2026 by MarketBeat.com Staff.
From Our Partners