First Watch Restaurant Group, Inc. (FWRG)

NASDAQ: FWRG · Real-Time Price · USD
18.24
+0.49 (2.76%)
Nov 22, 2024, 4:00 PM EST - Market closed
2.76%
Market Cap 1.10B
Revenue (ttm) 997.25M
Net Income (ttm) 20.87M
Shares Out 60.57M
EPS (ttm) 0.33
PE Ratio 55.08
Forward PE 46.41
Dividend n/a
Ex-Dividend Date n/a
Volume 864,921
Open 17.73
Previous Close 17.75
Day's Range 17.71 - 18.28
52-Week Range 12.90 - 25.98
Beta 0.85
Analysts Strong Buy
Price Target 23.50 (+28.84%)
Earnings Date Nov 7, 2024

About FWRG

First Watch Restaurant Group, Inc., through its subsidiaries, operates and franchises restaurants under the First Watch trade name 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 based in Bradenton, Florida. [Read more]

Industry Restaurants
IPO Date Oct 1, 2021
Employees 14,000
Stock Exchange NASDAQ
Ticker Symbol FWRG
Full Company Profile

Financial Performance

In 2023, FWRG's revenue was $891.55 million, an increase of 22.10% compared to the previous year's $730.16 million. Earnings were $25.39 million, an increase of 267.53%.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for FWRG stock is "Strong Buy." The 12-month stock price forecast is $23.5, which is an increase of 28.84% from the latest price.

Price Target
$23.5
(28.84% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

First Watch Restaurant: Between Hurricanes And Acquisitions, The Sun Shines

First Watch Restaurant Group maintains its stance against value promotions, focusing on targeted advertising, resulting in a 1.9% year-over-year decline in comparable sales due to lower traffic. The c...

4 days ago - Seeking Alpha

First Watch Restaurant Group, Inc. Announces Pricing of Secondary Offering of Common Stock

BRADENTON, Fla., Nov. 12, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (“FWRG” or the “Company”) (NASDAQ: FWRG), the leading Daytime Dining concept serving breakfast, brunch and lunch, ...

10 days ago - GlobeNewsWire

First Watch Restaurant Group, Inc. Announces Secondary Offering of Common Stock

BRADENTON, Fla., Nov. 12, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (“FWRG” or the “Company”) (NASDAQ: FWRG), the leading Daytime Dining concept serving breakfast, brunch and lunch, ...

10 days ago - GlobeNewsWire

First Watch Inspires Acts of Kindness with ‘Sweet' Gesture on World Kindness Day

Restaurant giving away 15,000 Cinnamon Rolls for customers to pay forward on November 13 Restaurant giving away 15,000 Cinnamon Rolls for customers to pay forward on November 13

11 days ago - GlobeNewsWire

First Watch Restaurant Group, Inc. (FWRG) Q3 2024 Earnings Conference Call Transcript

First Watch Restaurant Group, Inc. (NASDAQ:FWRG) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Steven Marotta - VP, IR Chris Tomasso - President and CEO Mel Hope -...

12 days ago - Seeking Alpha

First Watch Restaurant Group, Inc. Reports Q3 2024 Financial Results

Total revenues increased 14.8% Net income of $2.1 million and Adjusted EBITDA growth of 18% to $25.6 million 9 new system-wide restaurants opened in 8 states

15 days ago - GlobeNewsWire

First Watch Restaurant Group, Inc. to Report Third Quarter 2024 Financial Results on November 7, 2024

BRADENTON, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and ...

4 weeks ago - GlobeNewsWire

First Watch Restaurant Group, Inc. Provides Status of Company Restaurants Affected by Hurricane Milton

BRADENTON, Fla., Oct. 14, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”) provides the following information regarding Hurricane Milton.

5 weeks ago - GlobeNewsWire

First Watch Restaurant Group Inc (FWRG) Shares Down 4.33% on Oct 2

Shares of First Watch Restaurant Group Inc (FWRG, Financial) fell 4.33% in mid-day trading on Oct 2. The stock reached an intraday low of $14.31, before recovering slightly to $14.37, down from its pr...

7 weeks ago - GuruFocus

First Watch Named Newsweek's #1 Most Loved Workplace® in America

Daytime Dining leader recognized for the third consecutive year for team member sentiment and satisfaction Daytime Dining leader recognized for the third consecutive year for team member sentiment and...

7 weeks ago - GlobeNewsWire

First Watch Restaurant: Q2, Traffic Issues Are Likely Temporary (Rating Upgrade)

First Watch Restaurant Group's Q2 showed a considerable traffic decline, but solid underlying earnings growth from a growing scale and upkept pricing. First Watch adjusted its 2024 guidance to reflect...

2 months ago - Seeking Alpha

First Watch Restaurant: A Non-Traditional Recipe For Dealing With Traffic

First Watch's strategy of avoiding value promotions in a price-sensitive market is risky, potentially leading to negative comparable sales in Q3 and Q4. The company's focus on menu innovations and pre...

2 months ago - Seeking Alpha

First Watch Names Rob Conti as Chief Information Officer

BRADENTON, Fla., Sept. 03, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG), the leading Daytime Dining concept serving breakfast, brunch and lunch, recently announced the pr...

2 months ago - GlobeNewsWire

First Watch Restaurant Group, Inc. Announces Appointment of Charles Jemley and Michael Fleisher to Board of Directors

Leading Daytime Dining concept strengthens Board with appointment of new independent directors Leading Daytime Dining concept strengthens Board with appointment of new independent directors

3 months ago - GlobeNewsWire

First Watch Restaurant Group, Inc. (FWRG) Q2 2024 Earnings Call Transcript

First Watch Restaurant Group, Inc. (NASDAQ:FWRG) Q2 2024 Earnings Conference Call August 6, 2024 8:00 AM ET Company Participants Steven Marotta – Vice President-Investor Relations Chris Tomasso – Pre...

3 months ago - Seeking Alpha

First Watch Restaurant Group, Inc. Reports Q2 2024 Financial Results

Total revenues increased 19.5%  Income from operations margin improved 110 basis points and Restaurant level operating profit margin improved 100 basis points  Net income increased 12 % to $8.9 millio...

3 months ago - GlobeNewsWire

First Watch Restaurant Group, Inc. to Report Second Quarter 2024 Financial Results on August 6, 2024

BRADENTON, Fla., July 23, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and ...

4 months ago - GlobeNewsWire

INVESTIGATION NOTICE: Kaskela Law LLC Announces Shareholder Investigation of First Watch Restaurant Group, Inc. (NASDAQ:FWRG) and Encourages Investors to Contact the Firm

PHILADELPHIA, PA / ACCESSWIRE / June 11, 2024 / Kaskela Law LLC announces that it is investigating First Watch Restaurant Group, Inc. (NASDAQ: FWRG) ("First Watch") on behalf of the company's sharehol...

5 months ago - Accesswire

First Watch Restaurant Group, Inc. to Participate in Two June Investor Conferences

BRADENTON, Fla., May 22, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and l...

6 months ago - GlobeNewsWire

First Watch Restaurant Group, Inc. (FWRG) Q1 2024 Earnings Call Transcript

First Watch Restaurant Group, Inc. (NASDAQ:FWRG) Q1 2024 Earnings Conference Call May 7, 2024 8:00 AM ET Company Participants Steve Marotta - VP of IR Christopher Tomasso - CEO and President Mel Hope...

7 months ago - Seeking Alpha

First Watch Restaurant Group, Inc. Reports Strong Q1 2024 Financial Results

Total revenues increased 14.7% ; same-restaurant sales growth of 0.5% * Income from operations margin of 5.1% and restaurant level operating profit margin of 20.8% Net income of $7.2 million and Adjus...

7 months ago - GlobeNewsWire

First Watch Restaurant Group, Inc. to Report First Quarter 2024 Financial Results on May 7, 2024

BRADENTON, Fla., April 23, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and...

7 months ago - GlobeNewsWire

First Watch Acquires 21 Franchise Restaurants in North Carolina

BRADENTON, Fla., April 15, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (together with its subsidiaries “First Watch” or the “Company”), the leading Daytime Dining concep...

7 months ago - GlobeNewsWire

First Watch CEO: We are taking advantage of the 'brunch revolution' happening in the U.S.

First Watch CEO Chris Tomasso joins 'The Exchange' to discuss the company's growth strategy, consumer trends, and more.

9 months ago - CNBC Television

First Watch Restaurant Group, Inc. (FWRG) Q4 2023 Earnings Call Transcript

First Watch Restaurant Group, Inc. (NASDAQ:FWRG) Q4 2023 Earnings Conference Call March 5, 2024 8:00 AM ET Company Participants Steve Marotta - VP of IR Christopher Tomasso - CEO and President Mel Ho...

9 months ago - Seeking Alpha