First Watch Restaurant Group (FWRG) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $18.89 to $19.54
• 50-Day Range: $13.30 to $21.42
• 52-Week Range: $12.90 to $25.98
• Volume: 779,919 shs
• Average Volume: 609,392 shs
• Market Capitalization: $1.15 billion
• P/E Ratio: 57.37
• Dividend Yield: N/A
• Price Target: $23.30
• Consensus Rating: Moderate Buy

First Watch Restaurant Group Stock Analysis - MarketRank™

First Watch Restaurant Group scored higher than 69% of companies evaluated by MarketBeat, and ranked 116th out of 218 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

First Watch Restaurant Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.90, and is based on 7 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

First Watch Restaurant Group has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 41.94%

Earnings Growth

Earnings for First Watch Restaurant Group are expected to grow by 41.94% in the coming year, from $0.31 to $0.44 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of First Watch Restaurant Group is 57.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.51.

Price to Earnings Ratio vs. Sector

The P/E ratio of First Watch Restaurant Group is 57.37, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 131.22.

Price to Earnings Growth Ratio

First Watch Restaurant Group has a PEG Ratio of 5.74. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

First Watch Restaurant Group has a P/B Ratio of 1.95. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

15.01% of the float of First Watch Restaurant Group has been sold short.

Short Interest Ratio / Days to Cover

First Watch Restaurant Group has a short interest ratio ("days to cover") of 9.1.

Change versus previous month

Short interest in First Watch Restaurant Group has recently increased by 4.32%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

First Watch Restaurant Group does not currently pay a dividend.

Dividend Growth

First Watch Restaurant Group does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

15.01% of the float of First Watch Restaurant Group has been sold short.

Short Interest Ratio / Days to Cover

First Watch Restaurant Group has a short interest ratio ("days to cover") of 9.1.

Change versus previous month

Short interest in First Watch Restaurant Group has recently increased by 4.32%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.39

News Sentiment

First Watch Restaurant Group has a news sentiment score of 0.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 24 news articles for First Watch Restaurant Group this week, compared to 4 articles on an average week.

Search Interest

Only 1 people have searched for FWRG on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, First Watch Restaurant Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 5.00% of the stock of First Watch Restaurant Group is held by insiders.

Percentage Held by Institutions

96.11% of the stock of First Watch Restaurant Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FWRG Stock Analysis - Frequently Asked Questions

How have FWRG shares performed this year?

First Watch Restaurant Group's stock was trading at $20.10 at the start of the year. Since then, FWRG stock has decreased by 5.8% and is now trading at $18.93.
View the best growth stocks for 2024 here.

How were First Watch Restaurant Group's earnings last quarter?

First Watch Restaurant Group, Inc. (NASDAQ:FWRG) announced its quarterly earnings results on Thursday, November, 7th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by $0.02. First Watch Restaurant Group's revenue for the quarter was up 14.8% on a year-over-year basis.

When did First Watch Restaurant Group IPO?

First Watch Restaurant Group (FWRG) raised $175 million in an initial public offering (IPO) on Friday, October 1st 2021. The company issued 9,459,000 shares at a price of $17.00-$20.00 per share.

Who are First Watch Restaurant Group's major shareholders?

First Watch Restaurant Group's top institutional shareholders include Champlain Investment Partners LLC (2.69%), The Manufacturers Life Insurance Company (2.53%), Deepwater Asset Management LLC (1.33%) and WCM Investment Management LLC (1.09%). Insiders that own company stock include Michael James White, International Corp/Ma Advent, David Paresky, Tricia Glynn, Christopher Anthony Tomasso, H Melville Hope III, Eric Richard Hartman, Matthew Eisenacher, William A Kussell and Calum Alasdair Johns Middleton.
View institutional ownership trends.

How do I buy shares of First Watch Restaurant Group?

Shares of FWRG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of First Watch Restaurant Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that First Watch Restaurant Group investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), ServiceNow (NOW), Netflix (NFLX) and Palo Alto Networks (PANW).

Company Calendar

• Last Earnings: 11/07/2024
• Today: 11/14/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/04/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Retail/Wholesale
• Industry: Eating places
• Sub-Industry: Restaurants, Hotels, Motels
• Current Symbol: NASDAQ:FWRG
• CUSIP: N/A
• CIK: 1789940
• Web: www.firstwatch.com
• Phone: 941-907-9800
• Fax: N/A
• Employees: 14,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $23.30
• High Stock Price Target: $32.00
• Low Stock Price Target: $18.00
• Potential Upside/Downside: +21.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.90
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.33
• Trailing P/E Ratio: 58.12
• Forward P/E Ratio: 61.87
• P/E Growth: 5.74
• Net Income: $25.39 million
• Net Margins: 2.09%
• Pretax Margin: 3.29%
• Return on Equity: 3.61%
• Return on Assets: 1.53%

Debt

• Debt-to-Equity Ratio: 0.32
• Current Ratio: 0.54
• Quick Ratio: 0.51

Sales & Book Value

• Annual Sales: $891.55 million
• Price / Sales: 1.30
• Cash Flow: $1.10 per share
• Price / Cash Flow: 17.44
• Book Value: $9.73 per share
• Price / Book: 1.97

Miscellaneous

• Outstanding Shares: 60,570,000
• Free Float: 57,542,000
• Market Cap: $1.16 billion
• Optionable: Optionable
• Beta: 0.85