Consumer Cyclical
First Watch Restaurant Group, Inc.(FWRG)
Live Price
Offline$11.81
+2.87% today
1Y Change
-19.73%
Window
Jun 25, 2025 β Jun 24, 2026
- Market Cap
- $750.00M
- Revenue Growth
- +20.3%
- EPS Growth
- +3.2%
- Dividend Yield
- 0.0%
Coverage: 251 bars Β· Jun 25, 2025 β Jun 24, 2026
Research Briefing
A compact read on the setup, peer context, quarterly changes, and recent earnings reaction.
Research Snapshot
First Watch Restaurant Group, Inc. (FWRG) is a Consumer Cyclical stock with a market cap of $750.00M and listed on NASDAQ. The stock last traded around $11.81 and down 19.7% across the available one-year price window (Jun 25, 2025 β Jun 24, 2026). Baseline metrics include revenue growth of +20.3%, EPS growth of +3.2%, a dividend yield of 0.0%. What stands out right now is revenue +20.3%, EPS +3.2%, free cash flow -152.5% with operating margin 2.2% and ROIC 1.7%. Valuation already assumes a fairly strong business story at P/E 42.4 and price/sales 0.6. Overall, the current profile looks closer to a higher-growth but lower-margin setup than a generic broad-market placeholder. Stock Foundry combines FWRG price history, valuation, growth, dividend context, earnings, analyst forecasts, news, related Consumer Cyclical peers on this page.
Sector Context
How this name stacks up against nearby peers on first-pass metrics.
Revenue Growth
Above sector median
+20.3% vs +7.5% peer median
Operating Margin
Below sector median
+2.2% vs +8.4% peer median
P/E
Above sector median
42.4 vs 18.1 peer median
What Changed This Quarter
Latest report context and the signals most likely to have changed the story.
Latest report is on the board
2026 was reported on May 5, 2026, but the surprise data is still limited.
The operating story is still moving forward
Revenue is running at +20.3% and EPS at +3.2%, with operating margin around 2.2%.
Earnings Reaction Memory
How the stock has tended to move after recent reports.
Across the last 3 reported quarters, the stock averaged -2.4% over the next 5 trading days and finished higher after 1 of those reports.
View quarter-by-quarter reaction table
| Quarter | EPS Ξ | 1D | 5D | 20D |
|---|---|---|---|---|
2026 May 5, 2026 | β | -0.1% | -6.8% | -13.5% |
2026 Feb 24, 2026 | +200.0% | +1.7% | +0.6% | -7.0% |
2025 Nov 4, 2025 | -37.5% | +1.9% | -1.1% | +1.9% |
Benchmark Edge
FWRG vs SPY, QQQ, and Sector ETFs
Normalized return, excess return, max drawdown, and calendar-year wins against the benchmarks investors actually use.
FWRG
β
Normalized return
SPY
--
S&P 500
Excess Return
--
Relative to SPY
FWRG Max Drawdown
-47.26%
Trailing 1Y
SPY Max Drawdown
β
Trailing 1Y
Calendar-Year Returns
Uses the longest available daily history for FWRG and SPY.
Company Overview
First Watch Restaurant Group, Inc.
NASDAQ Global Select
First Watch Restaurant Group, Inc. operates and franchises restaurants under the First Watch trade name. As of March 23, 2022, it operated 341 company-owned restaurants and 94 franchised restaurants in 28 states in the United States. The company was formerly known as AI Fresh Super Holdco, Inc. and changed its name to First Watch Restaurant Group, Inc. in December 2019. First Watch Restaurant Group, Inc. was founded in 1983 and is headquartered in Bradenton, Florida.
- Leadership
- Christopher A. Tomasso
- IPO Date
- Oct 1, 2021
- Employees
- 15.0k
- Street Address
- 8725 Pendery Place
- Mailing
- Bradenton, FL, 34201
- Region
- Bradenton, FL, US
- Reporting Currency
- USD
- Investor Line
- 941 907 9800
- Last Updated
- Apr 29, 2026
Key Fundamentals
Valuation, growth, profitability, and balance sheet signals.
Valuation
- P/E
- 42.4
- EV/EBITDA
- 13.5
- Price/Sales
- 0.6
- Price/Book
- 1.2
Growth
- Revenue
- +20.3%
- EPS
- +3.2%
- Free Cash Flow
- -152.5%
Profitability
- Gross Margin
- 15.8%
- Operating Margin
- 2.2%
- Net Margin
- 1.4%
- ROE
- 2.9%
- ROIC
- 1.7%
Balance Sheet
- Debt/Equity
- 1.21
- Current Ratio
- 0.29
Earnings Reports
Latest News
Official Releases
Company announcements and filings-style updates.
Next Step
Keep the research moving
After the overview, the strongest next step is usually chart context or a tighter compare set.