First Watch Restaurant Group, Inc.
FWRG
NASDAQ·Consumer Cyclical·Restaurants·Mkt cap $743.6M
$12.05
▲ +2.99%
P/E
42.46
Mkt Cap
$743.6M
52-Wk Range
$9.97–$18.82
52-Week Range
$9.97 - $18.82
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Down 34.0% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
5 reasons
- Strong brand recognition in breakfast and brunch daypart
- Established multi-state footprint with 435+ locations
- Dual revenue model combining company-owned and franchise operations
- Made-to-order fresh food concept with customer loyalty
- Experienced management team with 40+ year operating history
Bear Case
2 risks
- Average volatility.
- Extreme premium - high expectations embedded
Growth
Stable outlook
Expansion of company-owned restaurant locations
Value
Extreme premium - high expectations embedded
Momentum
Strong
+16.5% over 3m
Quality
Stable
Strong fundamentals
Dividend
None
No dividend
Smart-money signal
Who's buying FWRG right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Recent earnings results
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Nov 3, 2026
AUG 4, 2026
Reported EPS of $0.04 vs $0.05 consensus (-24.0% surprise). Revenue of $354.7M vs $351.6M expected (+0.9%).
EPS surprise · last 4Q
0 of 1 beats
Estimate
Actual
Q3 26
-24.0%
Revenue trend · last 8Q
—
+8%
+16%
+19%
+26%
+20%
+17%
+15%
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
Q2 26
$251.6M
$263.3M
$282.2M
$307.9M
$316.0M
$316.4M
$331.0M
$354.7M
Margins · last 8Q
Gross
76.7%
Operating
9.5%
Profit
0.7%
Wall Street consensus
5 analysts · 100% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
100%
Hold
0%
Sell
0%
Median Price Target
—
Latest: Citi · Aug 5, 2026
vs Industry
How FWRG stacks vs Restaurants
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.
Related