First Watch Restaurant Group, Inc. (FWRG)

NASDAQ: FWRG · IEX Real-Time Price · USD
14.51
-0.02 (-0.14%)
Sep 23, 2022 4:00 PM EDT - Market closed
-0.14%
Market Cap 857.26M
Revenue (ttm) 601.19M
Net Income (ttm) -2.11M
Shares Out 59.08M
EPS (ttm) 0.06
PE Ratio 241.83
Forward PE 114.94
Dividend n/a
Ex-Dividend Date n/a
Volume 358,106
Open 14.30
Previous Close 14.53
Day's Range 14.01 - 14.58
52-Week Range 11.57 - 25.46
Beta n/a
Analysts Buy
Price Target 22.49 (+55.0%)
Earnings Date Aug 9, 2022

About FWRG

First Watch Restaurant Group, Inc. operates and franchises restaurants under the First Watch trade name. As of September 7, 2022, it operated 445 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. [Read more...]

Industry Restaurants
IPO Date Oct 1, 2021
Employees 10,000
Stock Exchange NASDAQ
Ticker Symbol FWRG
Full Company Profile

Financial Performance

In 2021, FWRG's revenue was $601.19 million, an increase of 75.59% compared to the previous year's $342.39 million. Losses were -$2.11 million, -95.76% less than in 2020.

Financial Statements

Analyst Forecast

According to 16 analysts, the average rating for FWRG stock is "Buy." The 12-month stock price forecast is 22.49, which is an increase of 55.00% from the latest price.

Price Target
$22.49
(55.00% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Why First Watch Restaurant Group Tumbled This Week

Investors were none too pleased by the price of an upcoming stock issue.

1 week ago - The Motley Fool

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

BRADENTON, Fla., Sept. 14, 2022 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or “the Company”), the Daytime Dining concept serving breakfast, brunch and lunch, an...

1 week ago - GlobeNewsWire

First Watch Restaurant Group, Inc. Announces Launch of Secondary Public Offering

BRADENTON, Fla., Sept. 12, 2022 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or “the Company”), the Daytime Dining concept serving breakfast, brunch and lunch, to...

1 week ago - GlobeNewsWire

Buy These 5 Restaurant Stocks to Enhance Your Portfolio

We have narrowed our search to five restaurant stocks that have strong growth potential for the rest of 2022. These are: PBPB, ARCO, CBRL, RUTH and FWRG.

Other symbols: ARCOCBRLPBPBRUTH
2 weeks ago - Zacks Investment Research

First Watch Restaurant Group, Inc. to Participate in the Goldman Sachs 29th Annual Global Retailing Conference

BRADENTON, Fla., Sept. 07, 2022 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and l...

2 weeks ago - GlobeNewsWire

Wall Street Analysts Believe First Watch Restaurant Group, Inc. (FWRG) Could Rally 30%: Here's is How to Trade

The consensus price target hints at a 29.5% upside potential for First Watch Restaurant Group, Inc. (FWRG). While empirical research shows that this sought-after metric is hardly effective, an upward tr...

3 weeks ago - Zacks Investment Research

Will First Watch Restaurant Group, Inc. (FWRG) Gain on Rising Earnings Estimates?

First Watch Restaurant Group, Inc. (FWRG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

1 month ago - Zacks Investment Research

4 Restaurant Stocks to Buy Amid Ongoing Challenges

The restaurant industry is facing inflationary pressures but sales are still rising, helping stocks like Arcos Dorados Holdings (ARCO), First Watch Restaurant Group (FWRG), Ruth's Hospitality Group (RUT...

Other symbols: ARCOPBPBRUTH
1 month ago - Zacks Investment Research

First Watch Welcomes Fall With New Seasonally Inspired Menu Items

Available alongside its full menu of made-to-order breakfast, brunch and lunch dishes, First Watch introduces its signature flair to a classic French dish and brings back the season's most iconic flavor...

1 month ago - GlobeNewsWire

First Watch Announces Retirement of Chairman Emeritus Ken Pendery, Jr.

After leading the brand in various capacities since 1984, Pendery's planned retirement comes nearly one year after the Florida-based company's successful IPO After leading the brand in various capacitie...

1 month ago - GlobeNewsWire

First Watch Restaurant Group, Inc. Reports Strong Q2 2022 Financial Results and Raises Full Year Guidance

Same-restaurant sales growth of 13.4% driven by same-restaurant traffic growth of 8.1% Income from operations margin of 2.8% and restaurant level operating profit margin of 18.2% 9 system-wide restauran...

1 month ago - GlobeNewsWire

First Watch Reduces Plastic Footprint by 30 Million Straws

Florida-based Daytime Dining concept makes a key investment in environmental sustainability with WinCup's phade® compostable, eco-friendly drinking straw Florida-based Daytime Dining concept makes a key...

1 month ago - GlobeNewsWire

First Watch Restaurant Group, Inc. to Report Second Quarter 2022 Financial Results on August 9, 2022

Conference Call and Webcast to be Held the Same Day at 8:00 AM ET Conference Call and Webcast to be Held the Same Day at 8:00 AM ET

1 month ago - GlobeNewsWire

First Watch Names Bumble Inc. Chief People Officer Stephanie Lilak to its Board of Directors

Bumble Inc. Executive to Provide Strategic Guidance as Daytime Dining Concept Continues to Scale Bumble Inc. Executive to Provide Strategic Guidance as Daytime Dining Concept Continues to Scale

3 months ago - GlobeNewsWire

Turn Up the Heat This Summer With First Watch's New Seasonal Menu Offerings

Available for a limited time alongside its full menu of breakfast, brunch and lunch dishes, First Watch brings zesty spice – and a little sweetness – to the table with new seasonal menu selections featu...

3 months ago - GlobeNewsWire

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

BRADENTON, Fla., May 23, 2022 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and lun...

4 months ago - GlobeNewsWire

First Watch Restaurant Group, Inc. Reports Strong Q1 2022 Financial Results

Same-restaurant sales growth of 27.2% driven by same-restaurant traffic growth of 21.9%Income from operations margin of 4.5% and restaurant level operating profit margin of 19.6%7 system-wide restaurant...

4 months ago - GlobeNewsWire

First Watch Restaurant Group, Inc. Reports Strong 2021 Financial Results and Provides 2022 Outlook

BRADENTON, Fla., March 23, 2022 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG), (“First Watch” or the “Company”) the Daytime Dining concept serving breakfast, brunch and lunch, to...

6 months ago - GlobeNewsWire

First Watch Restaurant Group, Inc. to Report Fourth Quarter and Fiscal Year 2021 Financial Results on March 23, 2022

Conference Call and Webcast to be Held the Same Day at 8:00 AM ET Conference Call and Webcast to be Held the Same Day at 8:00 AM ET

6 months ago - GlobeNewsWire

Why Earnings Season Could Be Great for First Watch Restaurant (FWRG)

First Watch Restaurant (FWRG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

7 months ago - Zacks Investment Research

6 Underperforming IPO Stocks To Buy On The Dip

The U.S. IPO market was red-hot in 2021. The total number of traditional U.S. IPOs hit its highest level since the dot-com boom in the late 1990s, while total IPO deal value reached record levels last y...

Other symbols: FDMTNRDSOMICPRCTVECT
7 months ago - Benzinga

ETFs & Stocks to Win Despite a Slump in December Retail Sales

U.S. retail sales declined 1.9% sequentially in December 2021, marking the biggest fall since February 2021.

8 months ago - Zacks Investment Research

First Watch Restaurant Group, Inc. Announces Preliminary Operational Metrics

The Company Raises Fourth Quarter Guidance on the Strength of 36.7% Growth in Same-Restaurant Sales The Company Raises Fourth Quarter Guidance on the Strength of 36.7% Growth in Same-Restaurant Sales

8 months ago - GlobeNewsWire

First Watch Restaurant Group, Inc. to Participate in the Barclays Eat Sleep Play Conference

BRADENTON, Fla., Nov. 29, 2021 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (“First Watch” or the “Company”) (Nasdaq: FWRG), the Daytime Dining concept serving breakfast, brunch and lunch, tod...

9 months ago - GlobeNewsWire

CORRECTION -- First Watch Restaurant Group, Inc. Reports Third Quarter Financial Results

Robust Same-Restaurant Sales Growth of 46.2% and Traffic Growth of 40.1% Robust Same-Restaurant Sales Growth of 46.2% and Traffic Growth of 40.1%

10 months ago - GlobeNewsWire