FWRG Stock Price, First Watch Restaurant Group, . Quote, Chart

Market Summary

USD23.00+0.25

Market Closed

1.10%

FWRG Alerts

2 major insider sales recently.

FWRG Stock Price

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FWRG RSI Chart

FWRG Valuation

Market Cap

1.4B

Price/Earnings (Trailing)

28.63

Price/Sales (Trailing)

1.55

EV/EBITDA

16.96

Price/Free Cashflow

127.46

FWRG Price/Sales (Trailing)

FWRG Profitability

EBT Margin

4.05%

Return on Equity

8.57%

Return on Assets

3.8%

Free Cashflow Yield

0.78%

FWRG Fundamentals

FWRG Revenue

Revenue (TTM)

891.6M

Rev. Growth (Yr)

31.7%

Rev. Growth (Qtr)

11.6%

FWRG Earnings

Earnings (TTM)

48.1M

Earnings Growth (Yr)

267.53%

Earnings Growth (Qtr)

368.53%

Breaking Down FWRG Revenue

Last 7 days

2.7%

Last 30 days

-6.2%

Last 90 days

6.8%

Trailing 12 Months

51.2%

How does FWRG drawdown profile look like?

FWRG Financial Health

Current Ratio

0.62

Debt/Equity

0.21

Debt/Cashflow

0.8

FWRG Investor Care

Shares Dilution (1Y)

1.04%

Diluted EPS (TTM)

0.41

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	768.5M	800.3M	832.7M	891.6M
2022	647.1M	677.6M	707.0M	730.2M
2021	407.1M	471.8M	536.5M	601.2M
2020	0	0	389.4M	342.4M
2019	0	0	0	436.4M

Get all data in R, Python etc through our Historical Stock Data APIs

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Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of First Watch Restaurant Group, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 22, 2024	kussell william a	sold	-185,359	22.1033	-8,386	-
Mar 15, 2024	wolszczak jay anthony	sold	-364,350	24.29	-15,000	chief legal officer, gc & secy
Mar 15, 2024	wolszczak jay anthony	acquired	126,750	8.45	15,000	chief legal officer, gc & secy
Mar 14, 2024	eisenacher matthew	sold	-91,535	24.28	-3,770	chief brand officer
Mar 12, 2024	hartman eric richard	acquired	494,545	8.45	58,526	chief development officer
Mar 12, 2024	hartman eric richard	sold	-1,488,340	24.4974	-60,755	chief development officer
Mar 12, 2024	tomasso christopher anthony	acquired	845,000	8.45	100,000	president and ceo
Mar 12, 2024	tomasso christopher anthony	sold	-2,982,340	24.4464	-121,995	president and ceo
Mar 12, 2024	wolszczak jay anthony	sold	-79,202	24.43	-3,242	chief legal officer, gc & secy
Mar 12, 2024	hope h melville iii	sold	-109,984	24.43	-4,502	cfo and treasurer

Which funds bought or sold FWRG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	Total Clarity Wealth Management, Inc.	reduced	-2.77	58,803	366,715	0.13%
Apr 23, 2024	WESBANCO BANK INC	new	-	1,198,970	1,198,970	0.04%
Apr 23, 2024	AMALGAMATED BANK	reduced	-68.22	-29,000	19,000	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	34,004	243,230	-%
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	added	123	4,303,860	6,774,490	-%
Apr 18, 2024	Allspring Global Investments Holdings, LLC	added	0.22	2,703,620	14,586,900	0.02%
Apr 18, 2024	DEEPWATER ASSET MANAGEMENT, LLC	added	275	7,954,080	10,165,200	3.83%
Apr 18, 2024	Park Place Capital Corp	unchanged	-	285	1,551	-%
Apr 18, 2024	LVW Advisors, LLC	new	-	226,800	226,800	0.04%
Apr 16, 2024	MCF Advisors LLC	unchanged	-	1,179	6,426	-%

Are Funds Buying or Selling FWRG?

Are funds buying FWRG calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own FWRG

No. of Funds

FWRG Alerts

2 major insider sales recently.

Unveiling First Watch Restaurant Group, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	advent international, l.p.	57.0%	34,089,784	SC 13G/A
Feb 14, 2023	advent international corp/ma	70.2%	41,564,784	SC 13G/A
Feb 14, 2022	advent international corp/ma	79.2%	46,739,784	SC 13G

Recent SEC filings of First Watch Restaurant Group, Inc.

View All Filings

Date Filed	Form Type	Document
Apr 23, 2024	4	Insider Trading
Apr 22, 2024	144	Notice of Insider Sale Intent
Apr 15, 2024	8-K	Current Report
Apr 08, 2024	ARS	ARS
Apr 08, 2024	DEF 14A	DEF 14A
Apr 08, 2024	DEFA14A	DEFA14A
Mar 28, 2024	PRE 14A	PRE 14A
Mar 18, 2024	4	Insider Trading
Mar 15, 2024	144	Notice of Insider Sale Intent
Mar 15, 2024	4	Insider Trading

Peers (Alternatives to First Watch Restaurant Group, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MCD	199.8B	25.5B	-2.02%	-5.56%	23.59	7.84	9.97%	37.09%
SBUX	100.5B	36.7B	-3.13%	-19.60%	23.4	2.74	11.46%	29.29%
CMG	80.3B	9.9B	1.13%	62.20%	65.31	8.13	14.33%	36.66%
DRI	18.8B	11.2B	-5.59%	4.43%	18.15	1.68	8.53%	9.08%
DPZ	17.0B	4.5B	4.95%	45.67%	32.72	3.79	-1.27%	14.78%
TXRH	10.5B	4.6B	2.74%	44.94%	33.63	2.26	15.36%	13.07%
MID-CAP
SHAK	3.8B	1.1B	-8.47%	81.00%	184.45	3.5	20.77%	193.73%
BLMN	2.4B	4.7B	-0.04%	14.47%	9.51	0.5	5.77%	142.76%
PZZA	2.1B	2.1B	-2.25%	-13.63%	25.71	0.99	1.60%	21.14%
SMALL-CAP
CAKE	1.8B	3.4B	2.31%	8.80%	17.8	0.52	4.13%	135.03%
JACK	1.1B	1.7B	-13.21%	-36.06%	9.89	0.7	0.14%	-10.41%
BJRI	762.7M	1.3B	-4.32%	10.85%	38.79	0.57	3.84%	382.34%
CHUY	529.2M	461.3M	-8.91%	-10.08%	16.8	1.15	9.26%	51.09%
ARKR	49.1M	184.8M	-1.96%	-20.81%	-7.82	0.27	-1.23%	-171.42%
BDL	47.6M	177.7M	2.40%	-9.83%	13.66	0.27	9.28%	-56.52%

First Watch Restaurant Group, Inc. News

Latest updates

First Watch Restaurant Group, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)															(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Revenue	11.6%	244,633	219,212	216,300	211,406	185,745	186,852	184,453	173,112	162,620	157,441	153,963	127,169	113,459	99,749	-
Costs and Expenses	12.4%	237,778	211,474	204,957	196,075	184,266	184,231	179,400	165,352	163,687	150,288	141,651	123,324	-	108,365	-
S&GA Expenses	19.0%	29,953	25,179	25,284	22,705	21,765	21,689	21,942	19,563	26,028	17,019	15,388	11,953	-	11,347	-
EBITDA Margin	4.5%	0.10*	0.09*	0.09*	0.08*	0.07*	0.07*	0.07*	0.09*	0.09*	0.09*	0.07*	-0.04*	-0.05*	-0.03*	-
Interest Expenses	22.9%	2,271	1,848	2,037	1,907	1,738	1,362	1,126	1,006	1,443	6,051	6,289	6,316	-	5,832	-
Income Taxes	129.8%	2,857	1,243	2,032	4,558	742	1,329	1,336	2,277	-167	534	2,285	-175	-	-3,262	-
Earnings Before Taxes	-17.4%	5,505	6,661	9,991	13,918	256	1,375	4,043	6,917	-4,820	1,317	6,090	-2,217	-	-14,403	-
EBT Margin	9.3%	0.04*	0.04*	0.03*	0.03*	0.02*	0.01*	0.01*	0.01*	0.00*	-0.01*	-0.04*	-0.17*	-0.20*	-0.16*	-
Net Income	368.5%	25,385	5,418	7,959	9,360	6,907	46.00	2,707	4,640	-4,653	783	3,805	-2,042	-	-11,141	-
Net Income Margin	51.6%	0.05*	0.04*	0.03*	0.02*	0.02*	0.00*	0.01*	0.01*	0.00*	-0.01*	-0.03*	-0.12*	-0.15*	-0.12*	-
Free Cashflow	-68.0%	-9,463	-5,632	19,282	6,624	-941	-3,587	8,614	-3,368	10,460	5,937	15,943	-4,680	-2,541	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet											(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2020Q4
Assets	5.1%	1,267	1,206	1,163	1,115	1,104	1,090	1,080	1,049	1,047	1,039	1,008
Current Assets	21.6%	71.00	59.00	85.00	70.00	67.00	65.00	70.00	61.00	68.00	67.00	49.00
Cash Equivalents	24.3%	50.00	40.00	67.00	54.00	50.00	50.00	54.00	47.00	52.00	52.00	39.00
Inventory	12.3%	5.00	5.00	5.00	4.00	5.00	4.00	4.00	4.00	4.00	3.00	3.00
Goodwill	0.8%	360	357	3.00	345	345	345	345	345	345	345	345
Liabilities	8.8%	706	649	617	580	581	570	563	538	542	715	687
Current Liabilities	4.6%	115	110	109	92.00	100	93.00	93.00	83.00	97.00	85.00	77.00
Long Term Debt	31.7%	120	91.00	92.00	93.00	95.00	96.00	97.00	98.00	100	288	286
Shareholder's Equity	0.8%	561	557	546	535	523	520	517	511	504	324	321
Retained Earnings	3.5%	-72.75	-75.39	-80.81	-88.77	-98.13	-97.65	-97.69	-100	-105	-100	-102
Additional Paid-In Capital	0.5%	634	631	626	623	621	617	614	611	609	424	423
Shares Outstanding	0.2%	60.00	60.00	59.00	59.00	59.00	59.00	59.00	59.00	48.00	45.00	45.00
Float	-	-	-	390	-	-	-	163	-	174	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)															(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Cashflow From Operations	27.7%	22,294	17,461	34,440	21,143	16,293	14,832	23,823	7,989	18,706	13,837	24,599	5,829	-	-	-
Share Based Compensation	25.7%	2,218	1,764	2,125	1,497	2,553	2,719	2,808	2,294	7,850	430	187	129	-	-	-
Cashflow From Investing	10.4%	-40,737	-45,463	-22,729	-14,441	-17,411	-18,755	-15,487	-11,458	-8,258	-7,900	-8,931	-10,593	-	-	-
Cashflow From Financing	2327.2%	28,155	1,160	713	-1,958	1,419	-272	-1,291	-1,874	-10,435	-2,119	-865	-852	-	-	-

FWRG Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2023	Dec. 25, 2022	Dec. 31, 2023	Dec. 25, 2022	Dec. 26, 2021
Revenues:
Total revenues			$ 891,551	$ 730,162	$ 601,193
Restaurant operating expenses (exclusive of depreciation and amortization shown below):
Food and beverage costs			197,374	172,561	134,201
Labor and other related expenses			294,010	238,257	189,167
Other restaurant operating expenses			134,477	114,476	94,847
Occupancy expenses			68,400	59,919	55,433
Pre-opening expenses			7,173	5,414	3,310
General and administrative expenses			103,121	84,959	70,388
Depreciation and amortization			41,223	34,230	32,379
Impairments and loss on disposal of assets			1,359	920	381
Transaction expenses (income), net			3,147	2,513	(1,156)
Total operating costs and expenses			850,284	713,249	578,950
Income from operations			41,267	16,913	22,243
Interest expense			(8,063)	(5,232)	(20,099)
Other income (expense), net			2,871	910	(1,774)
Income before income taxes			36,075	12,591	370
Income tax expense			(10,690)	(5,684)	(2,477)
Net income (loss)	$ 25,385	$ 6,907	$ 25,385	$ 6,907	(2,107)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Unrealized loss on derivatives	(889)	0			0
Income tax related to other comprehensive loss	222	0			0
Other comprehensive loss	(667)	0			0
Comprehensive income (loss)	$ 24,718	$ 6,907			$ (2,107)
Net income (loss) per common share - basic (in dollars per share)			$ 0.43	$ 0.12	$ (0.04)
Net income (loss) per common share - diluted (in dollars per share)			$ 0.41	$ 0.11	$ (0.04)
Weighted average common shares outstanding - basic (in shares)			59,531,404	59,097,512	48,213,995
Weighted average common shares outstanding - diluted (in shares)			61,191,613	60,140,045	48,213,995
Accumulated Deficit
Restaurant operating expenses (exclusive of depreciation and amortization shown below):
Net income (loss)			$ 25,385	$ 6,907	$ (2,107)
Restaurant sales
Revenues:
Total revenues			877,092	719,181	592,343
Franchise revenues
Revenues:
Total revenues			$ 14,459	$ 10,981	$ 8,850

FWRG Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 25, 2022
Current assets:
Cash and cash equivalents	$ 49,632	$ 49,672
Restricted cash	329	251
Accounts receivable	5,532	6,164
Inventory	5,381	5,028
Prepaid expenses	7,494	5,800
Derivative assets, current	457	0
Other current assets	2,365	373
Total current assets	71,190	67,288
Goodwill	359,883	345,219
Intangible assets, net	151,186	143,151
Operating lease right-of-use assets	420,001	352,373
Property, fixtures and equipment, net of accumulated depreciation of $181,481 and $145,720, respectively	263,082	195,117
Other long-term assets	1,703	1,298
Total assets	1,267,045	1,104,446
Current liabilities:
Accounts payable	6,324	7,590
Accrued liabilities	35,630	22,729
Accrued compensation and deferred payroll taxes	21,711	17,899
Deferred revenues	5,499	5,193
Current portion of operating lease liabilities	40,281	38,936
Current portion of long-term debt	5,628	6,257
Note payable	0	1,376
Total current liabilities	115,073	99,980
Operating lease liabilities	441,290	366,113
Long-term debt, net	119,767	94,668
Deferred income taxes	25,331	17,166
Derivative liabilities	1,346	0
Other long-term liabilities	2,954	3,384
Total liabilities	705,761	581,311
Commitments and contingencies (Note 18)
Equity:
Preferred stock; $0.01 par value; 10,000,000 shares authorized; none issued and outstanding	0	0
Common stock; $0.01 par value; 300,000,000 shares authorized; 59,891,705 and 59,211,019 shares issued and outstanding at December 31, 2023 and December 25, 2022, respectively	599	592
Additional paid-in capital	634,099	620,675
Accumulated deficit	(72,747)	(98,132)
Accumulated other comprehensive loss	(667)	0
Total equity	561,284	523,135
Total liabilities and equity	$ 1,267,045	$ 1,104,446

About First Watch Restaurant Group, Inc.

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.

CEO	Mr. Christopher A. Tomasso
WEBSITE	firstwatch.com
INDUSTRY	Restaurants
EMPLOYEES	12000

First Watch Restaurant Group, Inc. Frequently Asked Questions

What is the ticker symbol for First Watch Restaurant Group, Inc.? What does FWRG stand for in stocks?

FWRG is the stock ticker symbol of First Watch Restaurant Group, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of First Watch Restaurant Group, Inc. (FWRG)?

As of Tue Apr 23 2024, market cap of First Watch Restaurant Group, Inc. is 1.36 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FWRG stock?

You can check FWRG's fair value in chart for subscribers.

What is the fair value of FWRG stock?

You can check FWRG's fair value in chart for subscribers. The fair value of First Watch Restaurant Group, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of First Watch Restaurant Group, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FWRG so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is First Watch Restaurant Group, Inc. a good stock to buy?

The fair value guage provides a quick view whether FWRG is over valued or under valued. Whether First Watch Restaurant Group, Inc. is cheap or expensive depends on the assumptions which impact First Watch Restaurant Group, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FWRG.

What is First Watch Restaurant Group, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, FWRG's PE ratio (Price to Earnings) is 28.32 and Price to Sales (PS) ratio is 1.53. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FWRG PE ratio will change depending on the future growth rate expectations of investors.