FWRG — First Watch Restaurant Group, Inc. stock price, charts and financials

NASDAQ·Consumer Cyclical·Restaurants·USA

Latest market price

11.83

-0.59-4.73%

Overview Short InterestFilings

FWRGQT29First Watch Restaurant Group, Inc.·NASDAQ

Overview Short InterestFilings

11.83-4.73%

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Signal & projected range

Earnings big miss — drift (PEAD)Historical pattern — not a prediction

Recent priceDays this stock last showed the setupRange of past outcomes (±1σ)

Horizon

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Over the next 20 trading days, similar setups historically landed in a measured range of outcomes. Premium shows the median return, the typical range, and how often they were positive. This is the historical range of outcomes — not a prediction of this stock’s price.

Ranges describe how this exact setup resolved in the past — derived from thousands ofhistorical occurrences across QuoTrend’s coverage since 2006, survivorship-corrected to include companies that later delisted. The band is the typical spread (±1σ) of those outcomes, not a forecast; the central value is their average move. Fewer matching cases over longer horizons widen the band and lower its reliability. Backtested results are hypothetical, based on historical data, and do not represent actual trading. Past performance does not guarantee or predict future results. QuoTrend is an educational research tool, not investment advice. Markets involve risk, including loss of principal.

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CNNE-1.39%$14.57 HDL+3.91%$13.30 PZZA-4.67%$23.33 SG+3.33%$5.58 BLMN+0.64%$11.02 KRUS-2.04%$47.83 DNUT-4.79%$3.18 BH-1.18%$381.99

Snapshot

Index	-	P/E	42.07	EPS (ttm)	0.30	Insider Own	-	Shs Outstand	61.71M	Perf Week	-3.35%

Market Cap	766.47M	Forward P/E	47.07	EPS next Y	0.26	Insider Trans	-0.02%	Shs Float	60.30M	Perf Month	-0.40%

Enterprise Value	1.82B	PEG	0.11	EPS next Q	-	Inst Own	-	Short Float	8.82%	Perf Quarter	3.93%

Income	17.86M	P/S	0.58	EPS this Y	-57.52%	Inst Trans	-	Short Ratio	4.09	Perf Half Y	-26.86%

Sales	1.32B	P/B	1.21	EPS next Y	121.81%	ROA	0.98%	Short Interest	5.32M	Perf YTD	-17.64%

Book/sh	-	P/C	5.46	EPS next 5Y	33.69%	ROE	2.85%	52W High	18.61 -36.41%	Perf Year	-34.04%

Cash/sh	-	P/FCF	-	EPS past 3/5Y	41.25% -	ROIC	3.23%	52W Low	9.50 24.57%	Perf 3Y	-35.18%

Dividend Est.	-	EV/EBITDA	17.69	Sales past 3/5Y	18.77% 29.03%	Gross Margin	33.70%	Volatility	5.99% 4.46%	Perf 5Y	-

Dividend TTM	-	EV/Sales	1.38	EPS Y/Y TTM	-6.67%	Oper. Margin	4.25%	ATR (14)	0.62	Perf 10Y	-

Dividend Ex-Date	-	Quick Ratio	0.22	Sales Y/Y TTM	25.10%	Profit Margin	1.35%	RSI (14)	48.74	Recom	2.07

Dividend Gr. 3/5Y	-	Current Ratio	0.27	EPS Q/Q	-	SMA20	-0.81%	Beta	0.96	Target Price	16.50

Payout	0.00%	Debt/Eq	1.69	Sales Q/Q	17.38%	SMA50	2.80%	Rel Volume	0.68	Prev Close	12.42

Employees	17,500	LT Debt/Eq	1.47	Earnings	Nov 03	SMA200	-11.16%	Avg Volume	1.24M	Price	11.83

IPO Date	Oct 01, 2021	Option/Short	Yes / Yes	EPS/Sales Surpr.	-65.36% 0.49%	Net Debt/EBITDA	10.24	Volume	842,147	Change	-4.73%

Analyst Ratings

Date	Action	Analyst	Rating	Target
May-05-26	Reiterated	Stifel Nicolaus		$15 → $14
Feb-24-26	Reiterated	Piper Sandler	Overweight	$22 → $19
Jan-07-26	Reiterated	Barclays	Overweight	$24 → $19
May-07-25	Reiterated	Stifel Nicolaus		$18 → $17
May-07-25	Reiterated	Raymond James	Strong Buy	$21
May-07-25	Reiterated	Piper Sandler	Overweight	$23 → $20
Apr-22-25	Reiterated	Barclays	Overweight	$17 → $24
Apr-01-25	Upgrade	TD Securities	Hold → Buy
Mar-11-25	Reiterated	Bernstein		$24 → $21
Nov-11-24	Reiterated	Piper Sandler	Overweight	$23

Latest News

Aug-04-26

Aug-04-2605:06PM

First Watch Restaurant Group, Inc. 2026 Q2 - Results - Earnings Call PresentationSeekingAlpha

03:30PM

First Watch Restaurant Group, Inc. (FWRG) Q2 2026 Earnings Call Transcriptseekingalpha.com

11:31AM

First Watch Restaurant Group (FWRG) Q2 Earnings: How Key Metrics Compare to Wall Street Estimateszacks.com

09:51AM

First Watch Restaurant Group, Inc. (FWRG) Lags Q2 Earnings Estimateszacks.com

09:05AM

First Watch Restaurant Group Q2 Earnings Call Highlightsmarketbeat.com

07:00AM

First Watch Restaurant Group, Inc. Reports Q2 2026 Financial Resultsglobenewswire.com

Jul-28-26

Jul-28-2611:06AM

First Watch Restaurant Group, Inc. (FWRG) Earnings Expected to Grow: What to Know Ahead of Next Week's Releasezacks.com

Jul-21-26

Jul-21-2609:00AM

First Watch Restaurant Group, Inc. to Report Second Quarter 2026 Financial Results on August 4, 2026globenewswire.com

Jul-13-26

Jul-13-2608:15PM

Shake Shack: A Buy On A Deeper DipSeekingAlpha

Jul-08-26

Jul-08-2601:13PM

Egg Prices Have Collapsed. Here's Which Stocks Could Win And Losebenzinga.com

Jul-01-26

Jul-01-2606:34PM

Why First Watch Restaurant Group Topped the Market Todayfool.com

05:50AM

Freedom Capital Markets Initiates Coverage On First Watch Restaurant Gr with Buy Rating, Announces Price Target of $17Benzinga

Jun-22-26

Jun-22-2609:00PM

First Watch: A Long-Term Buy For Investors With The Stomach For RiskSeekingAlpha

Jun-13-26

Jun-13-2610:41PM

First Watch: Mixed Signals From Q1 Leave Me On The SidelinesSeekingAlpha

Jun-11-26

Jun-11-2605:29PM

Sit-Down Dining Stocks Q1 Highlights: First Watch (NASDAQ:FWRG)Yahoo

Company

First Watch Restaurant Group, Inc. oversees and licenses restaurant operations under the First Watch brand. As of March 23, 2022, its extensive presence included 341 company-owned eateries and 94 franchised outlets, operating across 28 U.S. states. The enterprise, established in 1983 with its main office in Bradenton, Florida, previously traded as AI Fresh Super Holdco, Inc. before changing its designation to First Watch Restaurant Group, Inc. in December 2019.

Ownership

Per-holder 13F data hasn't been ingested for this ticker yet.

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2025 12/28/2025	FY 2024 12/29/2024	FY 2023 12/31/2023	FY 2022 12/31/2022	FY 2021 12/31/2021	FY 2020 12/31/2020	FY 2019 12/31/2019	FY 2018 12/31/2018
Total Revenue	1,318	1,223	1,016	—	—	—	—	—	—
Cost of Goods Sold Incl. D&A	874	1,063	223	—	—	—	—	—	—
Gross Profit	444	159	793	—	—	—	—	—	—
Selling, General and Administrative Excl. Other	148	129	113	—	—	—	—	—	—
Research and Development	0	0	0	—	—	—	—	—	—
Other Operating Expense	240	-3	641	—	—	—	—	—	—
Operating Income	56	34	39	—	—	—	—	—	—
Interest Expense	10	17	13	—	—	—	—	—	—
Unusual Expense	—	—	—	—	—	—	—	—	—
Non-Operating Income (Expense)	-36	-5	2	—	—	—	—	—	—
Net Income Before Taxes	10	12	28	—	—	—	—	—	—
Income Taxes	-10	-7	9	—	—	—	—	—	—
Consolidated Net Income	17	19	19	—	—	—	—	—	—
Net Income From Continuing Operations	19	19	19	—	—	—	—	—	—
Net Income	17	19	19	—	—	—	—	—	—
EPS (Recurring)	0.30	0.32	0.31	—	—	—	—	—	—
EPS (Basic, Before Extraordinaries)	0.30	0.32	0.31	—	—	—	—	—	—
EPS (Diluted)	0.28	0.31	0.30	—	—	—	—	—	—
EBITDA	103	104	98	—	—	—	—	—	—
Other After Tax Adjustments	—	—	—	—	—	—	—	—	—
Stock Option Compensation Expense	—	—	—	—	—	—	—	—	—
Price To Earnings Ratio	42.26	51.32	62.33	—	—	—	—	—	—
Price To Sales Ratio	0.56	0.79	1.10	—	—	—	—	—	—
Gross Margin	33.69	13.00	78.05	—	—	—	—	—	—
Operating Margin	4.25	2.78	3.84	—	—	—	—	—	—
Net Margin	1.29	1.55	1.87	—	—	—	—	—	—
Shares Outstanding	62	61	60	—	—	—	—	—	—
Market Capitalization	734	971	1,122	—	—	—	—	—	—
Operating Lease Expense	—	—	—	—	—	—	—	—	—

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Insider Trading Volume

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Jones John Daniel	Chief Operations Officer	Mar 17 '26	Sale	12.52	1,697	21,246	84,725	Mar 19
Hartman Eric Richard	Chief Development Officer	Mar 17 '26	Sale	12.52	1,819	22,774	244,530	Mar 19
Tomasso Christopher Anthony	President and CEO	Mar 17 '26	Sale	12.52	25,062	313,776	957,315	Mar 19
Sorensen Laura Anne	Chief People Officer	Mar 17 '26	Sale	12.52	1,697	21,246	237,353	Mar 19
HOPE H MELVILLE III	CFO and Treasurer	Mar 17 '26	Sale	12.52	3,878	48,553	111,787	Mar 19
Wolszczak Jay Anthony	Chief Legal Officer, GC & Secy	Mar 17 '26	Sale	12.52	3,161	39,576	228,930	Mar 19
Eisenacher Matthew	Chief Brand Officer	Mar 17 '26	Sale	12.52	2,760	34,555	67,223	Mar 19
Eisenacher Matthew	Chief Brand Officer	Mar 10 '26	Sale	12.59	6,070	76,421	69,983	Mar 12
Hartman Eric Richard	Chief Development Officer	Mar 10 '26	Sale	12.59	4,820	60,684	246,349	Mar 12
HOPE H MELVILLE III	CFO and Treasurer	Mar 10 '26	Sale	12.59	7,358	92,637	115,665	Mar 12
Wolszczak Jay Anthony	Chief Legal Officer, GC & Secy	Mar 10 '26	Sale	12.59	6,998	88,105	232,091	Mar 12
Jones John Daniel	Chief Operations Officer	Mar 10 '26	Sale	12.59	4,600	57,914	86,422	Mar 12
Sorensen Laura Anne	Chief People Officer	Mar 10 '26	Sale	12.59	4,732	59,576	239,050	Mar 12
Kussell William A	Director	Jan 22 '26	Option Exercise	8.45	6,165	52,094	32,567	Jan 26
Kussell William A	Director	Jan 22 '26	Sale	17.00	6,165	104,805	26,402	Jan 26

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