First Watch Restaurant Group, Inc. (FWRG)
| Market Cap | 1.33B |
| Revenue (ttm) | 891.55M |
| Net Income (ttm) | 25.39M |
| Shares Out | 60.37M |
| EPS (ttm) | 0.41 |
| PE Ratio | 54.20 |
| Forward PE | 48.86 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 461,757 |
| Open | 22.08 |
| Previous Close | 22.20 |
| Day's Range | 21.81 - 22.38 |
| 52-Week Range | 14.74 - 25.88 |
| Beta | 1.12 |
| Analysts | Buy |
| Price Target | 26.00 (+17.91%) |
| Earnings Date | Apr 30, 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]
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 StatementsAnalyst Forecast
According to 6 analysts, the average rating for FWRG stock is "Buy." The 12-month stock price forecast is $26.0, which is an increase of 17.91% from the latest price.
News
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...
First Watch Restaurant Group, Inc. Announces Secondary Offering of Common Stock
BRADENTON, Fla., March 07, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (“FWRG” or the “Company”) (NASDAQ: FWRG), a leading Daytime Dining concept serving breakfast, brunch and lunch, t...
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.
First Watch Restaurant Group, Inc. Reports Strong 2023 Financial Results and Provides 2024 Outlook
BRADENTON, Fla., March 05, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and...
First Watch Restaurant Group, Inc. to Report Fourth Quarter and Fiscal Year 2023 Financial Results on March 5, 2024
Conference call and webcast to be held the same day at 8:00 AM ET Company to participate at three March institutional investors conferences BRADENTON, Fla., Feb. 20, 2024 (GLOBE NEWSWIRE) -- First Wat...
First Watch Announces Acquisition of Tulsa-Area Franchise Location
BRADENTON, Fla., Jan. 22, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept, announced that it has acquire...
First Watch Restaurant Group, Inc. Reports Preliminary Operational Metrics for the Fourth Quarter and Fiscal Year 2023
BRADENTON, Fla., Jan. 08, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the Daytime Dining concept serving breakfast, brunch and lunch, t...
First Watch to Acquire 21 Franchise Restaurants in North Carolina
Transaction Represents Acquisition of Largest Franchisee Amends Credit Agreement to Support Acquisitive Growth BRADENTON, Fla., Jan. 08, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NA...
First Watch Announces Appointment of Jostein Solheim to Board of Directors
Leading Daytime Dining concept strengthens Board with appointment of new independent director Leading Daytime Dining concept strengthens Board with appointment of new independent director
First Watch Restaurant Group, Inc. to Participate at the Barclays Eat, Sleep, Play Conference
BRADENTON, Fla., Nov. 21, 2023 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and ...
First Watch Announces Acquisition of Six Franchise Restaurants in Florida
BRADENTON, Fla., Nov. 13, 2023 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept, announced that it has acquire...
First Watch Restaurant Group, Inc. Reports Strong Q3 2023 Financial Results and Surpasses 500 System-Wide Restaurants
Same-restaurant sales growth of 4.8% and total revenue growth of 17.3% Income from operations margin of 3.6% and Restaurant level operating profit margin of 18.7% Net income of $5.4 million and Adju...
First Watch Restaurant Group, Inc. to Report Third Quarter 2023 Financial Results on November 1, 2023
BRADENTON, Fla., Oct. 18, 2023 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and ...
First Watch Named to Newsweek's Top 100 Most Loved Workplaces® for Second Consecutive Year
Leader in Daytime Dining makes the coveted list as the only restaurant company recognized for best-in-business team member sentiment and satisfaction Leader in Daytime Dining makes the coveted list as...
Sentiment for restaurants is deteriorating due to pockets of softness, says Raymond James analyst
Brian Vaccaro, restaurant analyst at Raymond James, joins 'The Exchange' to discuss signs of a decline in dining out, breakfast restaurants gaining share from other parts of the restaurant business, a...
Jefferies' Andy Barish on consumer appetite for restaurants
Andy Barish, Jefferies managing director, joins 'The Exchange' to discuss consumer spending in the restaurant sector.
First Watch Names Matt Eisenacher Chief Brand Officer
Promotion comes as First Watch continues its growth towards a potential for more than 2,200 restaurants in the U.S. Promotion comes as First Watch continues its growth towards a potential for more tha...
First Watch Announces Acquisition of Six Franchise Restaurants in Georgia and South Carolina
BRADENTON, Fla., Aug. 09, 2023 (GLOBE NEWSWIRE) -- First Watch Restaurant Group , Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept, announced that it has acquir...
First Watch Restaurant Group, Inc. Reports Strong Q2 2023 Financial Results
Same-restaurant sales growth of 7.8% Income from operations margin of 5.3% and Restaurant level operating profit margin of 20.9% Net income of $8.0 million and Adjusted EBITDA of $25.8 million 9 syste...
First Watch Announces Appointment of Irene Chang Britt to Board of Directors
Leading Daytime Dining concept strengthens Board amid continued execution of accelerated growth strategy Leading Daytime Dining concept strengthens Board amid continued execution of accelerated growth...
First Watch Restaurant Group, Inc. to Report Second Quarter 2023 Financial Results on August 1, 2023
BRADENTON, Fla., July 18, 2023 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and ...
First Watch Announces Acquisition of Five Franchise Restaurants in the Milwaukee Area
BRADENTON, Fla., June 27, 2023 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept, announced that it has acquire...
First Watch Restaurant Group, Inc. to Participate in Two June Investor Conferences
BRADENTON, Fla., May 24, 2023 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and l...
First Watch Restaurant Group, Inc. Reports Strong Q1 2023 Financial Results
Same-restaurant sales growth of 12.9% driven by same-restaurant traffic growth of 5.1% Income from operations margin of 7.4% and restaurant level operating profit margin of 21.2% Net income of $9.4 mi...
First Watch Announces Acquisition of Six Franchise Restaurants
BRADENTON, Fla., May 01, 2023 (GLOBE NEWSWIRE) -- First Watch Restaurant Group , Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and ...