First Watch Restaurant Group, Inc. (FWRG)

NASDAQ: FWRG · IEX Real-Time Price · USD
24.37
-0.05 (-0.20%)
At close: Feb 20, 2024, 4:00 PM
24.51
+0.14 (0.57%)
After-hours: Feb 20, 2024, 5:20 PM EST
-0.20%
Market Cap 1.46B
Revenue (ttm) 832.66M
Net Income (ttm) 22.25M
Shares Out 59.79M
EPS (ttm) 0.36
PE Ratio 67.53
Forward PE 52.61
Dividend n/a
Ex-Dividend Date n/a
Volume 222,981
Open 24.35
Previous Close 24.42
Day's Range 24.10 - 24.58
52-Week Range 14.34 - 24.70
Beta 1.07
Analysts Buy
Price Target 22.33 (-8.37%)
Earnings Date Mar 5, 2024

About FWRG

First Watch Restaurant Group, Inc. 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. The company was founded in 1983 and is headquartered in Bradenton, Florida. [Read more]

Industry Restaurants
IPO Date Oct 1, 2021
Employees 12,000
Stock Exchange NASDAQ
Ticker Symbol FWRG
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for FWRG stock is "Buy." The 12-month stock price forecast is $22.33, which is a decrease of -8.37% from the latest price.

Price Target
$22.33
(-8.37% downside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

10 hours ago - GlobeNewsWire

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...

4 weeks ago - GlobeNewsWire

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...

6 weeks ago - GlobeNewsWire

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...

6 weeks ago - GlobeNewsWire

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

2 months ago - GlobeNewsWire

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 ...

3 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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 ...

4 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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...

Other symbols: BLMNCMGEATSHAK
5 months ago - CNBC Television

Jefferies' Andy Barish on consumer appetite for restaurants

Andy Barish, Jefferies managing director, joins 'The Exchange' to discuss consumer spending in the restaurant sector.

Other symbols: BLMNCAKEDRIEAT
5 months ago - CNBC Television

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...

5 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

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...

7 months ago - GlobeNewsWire

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...

7 months ago - GlobeNewsWire

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 ...

7 months ago - GlobeNewsWire

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...

8 months ago - GlobeNewsWire

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

BRADENTON, Fla., June 08, 2023 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (“FWRG” or the “Company”) (NASDAQ: FWRG), a leading Daytime Dining concept serving breakfast, brunch and lunch, to...

9 months ago - GlobeNewsWire

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...

9 months ago - GlobeNewsWire

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...

10 months ago - GlobeNewsWire

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 ...

10 months ago - GlobeNewsWire

First Watch Restaurant Group, Inc. to Report First Quarter 2023 Financial Results on May 2, 2023

BRADENTON, Fla., April 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...

11 months ago - GlobeNewsWire

First Watch earnings: ‘We feel good about our continued growth,' CEO says

First Watch CEO Chris Tomasso joins Yahoo Finance live to discuss company earnings, a post-pandemic environment, expansion plans, profit growth, and the outlook for full-service restaurants.

1 year ago - Yahoo Finance

First Watch Restaurant Group, Inc. Reports Strong 2022 Financial Results and Provides 2023 Outlook

BRADENTON, Fla., March 07, 2023 (GLOBE NEWSWIRE) -- Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and lunch...

1 year ago - GlobeNewsWire