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first watch restaurant group inc - FWRG

FWRG

Close Chg Chg %
12.05 0.24 1.99%

Pre-Market

12.29

+0.24 (1.99%)

Volume: 1.43M

Last Updated:

Sep 8, 2026, 4:00 PM EDT

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Company Overview: first watch restaurant group inc - FWRG

FWRG Key Data

Open

$12.14

 Day Range

12.10 - 12.70

52 Week Range

9.97 - 18.82

 Market Cap

$743.63M

Shares Outstanding

61.71M

 Public Float

60.30M

Beta

1.03

 Rev. Per Employee

N/A

P/E Ratio

42.65

 EPS

$0.29

Yield

0.00%

 Dividend

N/A

EX-DIVIDEND DATE

SHORT INTEREST

N/A

AVERAGE VOLUME

991.02K

  

FWRG Performance

1 Week
 
 0.00%
 
1 Month
 
 -2.98%
 
3 Months
 
 -2.74%
 
1 Year
 
 -29.20%
 
5 Years
 
 N/A
 

FWRG Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 11
Full Ratings ➔

About first watch restaurant group inc - FWRG

First Watch Restaurant Group, Inc. owns and operates restaurants. It provides breakfast, brunch and lunch with alcohol and cocktails. The company was founded by John Sullivan in 1983 and is headquartered in Bradenton, FL.

FWRG At a Glance

First Watch Restaurant Group, Inc.
8725 Pendery Place
Bradenton, Florida 34201
Phone 1-941-907-9800 Revenue 1.22B
Industry Restaurants Net Income 19.43M
Sector Consumer Services 2025 Sales Growth 20.336%
Fiscal Year-end 12 / 2026 Employees 17,500
View SEC Filings

FWRG Valuation

P/E Current 42.655
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 51.455
Price to Sales Ratio 0.818
Price to Book Ratio 1.542
Price to Cash Flow Ratio 7.94
Enterprise Value to EBITDA 18.288
Enterprise Value to Sales 1.627
Total Debt to Enterprise Value 0.508

FWRG Efficiency

Revenue/Employee 69,857.20
Income Per Employee 1,110.40
Receivables Turnover 178.233
Total Asset Turnover 0.668

FWRG Liquidity

Current Ratio 0.293
Quick Ratio 0.25
Cash Ratio 0.127

FWRG Profitability

Gross Margin 13.042
Operating Margin 2.762
Pretax Margin 0.992
Net Margin 1.59
Return on Assets 1.063
Return on Equity 3.181
Return on Total Capital 1.187
Return on Invested Capital 1.346

FWRG Capital Structure

Total Debt to Total Equity 161.394
Total Debt to Total Capital 61.744
Total Debt to Total Assets 51.623
Long-Term Debt to Equity 146.951
Long-Term Debt to Total Capital 56.218
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for First Watch Restaurant Group Inc - FWRG

Collapse All in section
All values USD millions. 2022 2023 2024 2025 5-year trend
Sales/Revenue
730.16M 891.55M 1.02B 1.22B
Sales Growth
+21.45% +22.10% +13.95% +20.34%
Cost of Goods Sold (COGS) incl D&A
624.48M 742.66M 860.62M 1.06B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
50.35M 41.22M 57.72M 75.01M
Depreciation
49.35M 39.72M 52.12M 66.51M
Amortization of Intangibles
1.00M 1.50M 5.60M 8.50M
COGS Growth
+22.61% +18.93% +15.88% +23.52%
Gross Income
105.69M 148.89M 155.29M 159.44M
Gross Income Growth
+15.03% +40.88% +4.30% +2.67%
Gross Profit Margin
+14.47% +16.70% +15.29% +13.04%
2022 2023 2024 2025 5-year trend
SG&A Expense
81.66M 100.49M 109.91M 125.67M
Research & Development
- - - -
-
Other SG&A
81.66M 100.49M 109.91M 125.67M
SGA Growth
+20.92% +23.06% +9.37% +14.34%
Other Operating Expense
- - - -
-
Unusual Expense
6.72M 6.52M 6.79M 6.21M
EBIT after Unusual Expense
17.31M 41.89M 38.59M 27.56M
Non Operating Income/Expense
510.00K 2.25M 2.08M 1.27M
Non-Operating Interest Income
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
5.23M 8.06M 12.64M 16.70M
Interest Expense Growth
-73.97% +54.11% +56.77% +32.11%
Gross Interest Expense
5.23M 8.06M 12.64M 16.70M
Interest Capitalized
- - - -
-
Pretax Income
12.59M 36.08M 28.03M 12.13M
Pretax Income Growth
+3,302.97% +186.51% -22.31% -56.71%
Pretax Margin
+1.72% +4.05% +2.76% +0.99%
Income Tax
5.68M 10.69M 9.10M (7.30M)
Income Tax - Current - Domestic
1.01M 2.38M 2.28M 2.73M
Income Tax - Current - Foreign
- - - -
-
Income Tax - Deferred - Domestic
4.68M 8.31M 6.82M (10.03M)
Income Tax - Deferred - Foreign
- - - -
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
6.91M 25.39M 18.93M 19.43M
Minority Interest Expense
- - - -
-
Net Income
6.91M 25.39M 18.93M 19.43M
Net Income Growth
+427.81% +267.53% -25.45% +2.68%
Net Margin Growth
+0.95% +2.85% +1.86% +1.59%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
6.91M 25.39M 18.93M 19.43M
Preferred Dividends
- - - -
-
Net Income Available to Common
6.91M 25.39M 18.93M 19.43M
EPS (Basic)
0.1169 0.4264 0.3135 0.3188
EPS (Basic) Growth
+427.45% +264.76% -26.48% +1.69%
Basic Shares Outstanding
59.10M 59.53M 60.37M 60.96M
EPS (Diluted)
0.1148 0.4148 0.3035 0.3092
EPS (Diluted) Growth
+421.57% +261.32% -26.83% +1.88%
Diluted Shares Outstanding
60.14M 61.19M 62.35M 62.84M
EBITDA
74.38M 89.63M 103.10M 108.78M
EBITDA Growth
+6.60% +20.50% +15.03% +5.51%
EBITDA Margin
+10.19% +10.05% +10.15% +8.90%

Snapshot

Average Recommendation BUY Average Target Price 19.364
Number of Ratings 11 Current Quarters Estimate 0.038
FY Report Date 09 / 2026 Current Year's Estimate 0.115
Last Quarter’s Earnings 0.04 Median PE on CY Estimate N/A
Year Ago Earnings 0.31 Next Fiscal Year Estimate 0.26
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 10 10 10 11
Mean Estimate 0.04 0.07 0.11 0.26
High Estimates 0.07 0.12 0.21 0.36
Low Estimate -0.00 0.04 0.07 0.16
Coefficient of Variance 52.41 34.36 35.09 27.60

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 11 11 11
OVERWEIGHT 0 0 1
HOLD 0 0 0
UNDERWEIGHT 0 0 0
SELL 0 0 0
MEAN Buy Buy Buy

Insider Actions for First Watch Restaurant Group Inc - FWRG

Date Name Shares Transaction Value
Mar 24, 2026 Henry Melville Hope CFO and Treasurer 111,787 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $12.52 per share 1,399,573.24
Mar 24, 2026 Jay Anthony Wolszczak Chief Legal Officer, GC & Secy 228,930 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $12.52 per share 2,866,203.60
Mar 24, 2026 Laura Sorensen Chief People Officer 237,353 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $12.52 per share 2,971,659.56
Mar 24, 2026 Eric Hartman Chief Development Officer 244,530 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $12.52 per share 3,061,515.60
Mar 24, 2026 Matt Eisenacher Chief Brand Officer 67,223 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $12.52 per share 841,631.96
Mar 24, 2026 Daniel Jones Chief Operations Officer 84,725 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $12.52 per share 1,060,757.00
Mar 13, 2026 Christopher A. Tomasso President and CEO; Director 1,054,145 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $12.59 per share 13,271,685.55
Mar 13, 2026 Christopher A. Tomasso President and CEO; Director 982,377 Bona fide gift 0.00
Jan 27, 2026 William A. Kussell Director 32,567 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $8.45 per share 275,191.15
Jan 27, 2026 William A. Kussell Director 26,402 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $17 per share 448,834.00
Jan 27, 2026 William A. Kussell Director 86,320 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00

First Watch Restaurant Group Inc in the News