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First Watch Restaurant Group Inc

First Watch Restaurant Group Inc

FWRG

NASDAQ
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First Watch Restaurant Group Inc

FWRG

NASDAQ
$12.861.92% (-0.25)
$
₹
$12.861.92% (-0.25)
High
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Low
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Returns
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1D
1W
1M
3M
6M
1Y
3Y
5Y
Max

Consumer Cyclical

Restaurants

Small Cap

With a market cap of $833.3M the stock is ranked 2885

Key Metrics

Key Metrics

PE TTM
PE TTM

Close price divided by the earnings per share for the trailing twelve months

43.54
PB
PB

Close price divided by the book value per share at the end of the most recent quarter

1.32
EPS TTM
EPS TTM

Net profit earned per share over the trailing twelve months (sum of the last 4 quarters)

$0.31
PEG Ratio
PEG Ratio

Price-to-Earnings (P/E) ratio divided by the forecasted annual earnings per share (EPS) growth rate over the next five years

—
Profit Margin
Profit Margin

Net profit divided by the total revenue for the most recent financial year

1.45%
Dividend Yield
Dividend Yield

Annual dividend per share for the trailing twelve months divided by the close price

—

Analyst Ratings & Forecast

Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 

Based on 10 analysts reports

Buy
10 analysts
Hold
0 analyst
Sell
0 analyst

Price Upside

+43.86%

Earnings Growth

-68.15%

Rev. Growth

+13.51%

See Detailed Forecast

Company Profile

Company Profile

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.
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.

Peers

Compare with peers Compare with peers 

Peers

Compare with peers Compare with peers 
McDonald’s Corporation
MCD
McDonald’s Corporation
P/E Ratio
22.76
22.76
1Y Return
7.33%
7.33%
Buy Reco %
55.88
55.88
Starbucks Corporation
SBUX
Starbucks Corporation
P/E Ratio
49.63
49.63
1Y Return
29.13%
29.13%
Buy Reco %
40.00
40.00
DoorDash, Inc. Class A Common Stock
DASH
DoorDash, Inc. Class A Common Stock
P/E Ratio
82.40
82.40
1Y Return
8.41%
8.41%
Buy Reco %
79.06
79.06
Yum! Brands Inc
YUM
Yum! Brands Inc
P/E Ratio
13.39
13.39
1Y Return
9.16%
9.16%
Buy Reco %
46.15
46.15
Chipotle Mexican Grill Inc
CMG
Chipotle Mexican Grill Inc
P/E Ratio
32.89
32.89
1Y Return
15.83%
15.83%
Buy Reco %
65.71
65.71
Compare with Peers

Forecast

Forecast

Price

Revenue

Earnings

Price Forecast

Price Forecast

Higher price growth forecast versus trailing 3-year CAGR
Compares analyst forecast growth with historical annualized growth.

The 12-month consensus target implies 43.86% growth, versus a trailing 3-year CAGR of -8.72%.

2026
Current$12.86Baseline
Analyst Target - 1 year
Target$18.5+43.86%

All values in $

202220232024202520262027$14.21$16.84$19.48Target+43.86%
2026
Current$12.86Baseline
Analyst Target - 1 year
Target$18.5+43.86%

All values in $

Revenue Forecast

Revenue Forecast

Lower revenue growth forecast versus trailing 3-year CAGR
Compares analyst forecast growth with historical annualized growth.

The next fiscal year's mean estimate implies 13.51% growth, versus a trailing 3-year CAGR of 18.74%.

2025
Current$1.22Baseline
Forecast for Dec 2026
High$1.38+13.54%
Average$1.38+13.51%
Low$1.38+13.46%

All values in $ Billion

2021202220232024202520260.600.730.891.011.22Low+13.46%Average+13.51%High+13.54%
2025
Current$1.22Baseline
Forecast for Dec 2026
High$1.38+13.54%
Average$1.38+13.51%
Low$1.38+13.46%

All values in $ Billion

Earnings Per Share Forecast

Earnings Per Share Forecast

Lower earnings growth forecast versus trailing 3-year CAGR
Compares analyst forecast growth with historical annualized growth.

The next fiscal year's mean estimate implies -68.15% growth, versus a trailing 3-year CAGR of 30.18%.

2025
Current$0.38Baseline
Forecast for Dec 2026
High$0.12-68.15%
Average$0.12-68.15%
Low$0.12-68.15%

All values in $

2021202220232024202520260.290.170.470.380.38Low-68.15%Average-68.15%High-68.15%
2025
Current$0.38Baseline
Forecast for Dec 2026
High$0.12-68.15%
Average$0.12-68.15%
Low$0.12-68.15%

All values in $

Financials

Financials

Income

Balance Sheet

Cash Flow

316.3
15.1
330.9
-2.6
354.6
2.3
349.8
4.7
Q4 2025
Q1 2026
Q2 2026
Q3 2026
Revenue
Net Income
Financial YearQ2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Total Revenue258.56251.60263.29282.24307.88316.02316.35330.95354.67349.86
Net Income8.92.110.69-2.242.102.9915.16-2.682.334.78
Net Profit Margin3.44%0.83%0.26%-0.79%0.68%0.94%4.79%-0.81%0.65%1.36%
See CostsAll values in $ Million

Peers

Peers & Comparison

Peers & Comparison

Comparing 2 stocks from
Consumer CyclicalRestaurants

Valuation

Returns

Forecast

ScreenerCompare valuation on Screener
StockPE TTMPE TTMPBPBPEG RatioPEG Ratio
First Watch Restaurant Group Inc 43.541.32-
McDonald’s Corporation22.76146.062.78
Starbucks Corporation49.6368.461.13
ScreenerCompare valuation on Screener

Price Comparison

Price Comparison

Compare FWRG with any stock or ETF
Compare FWRG with any stock or ETF
Comparing from
FWRG
MCD
SBUX
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Frequently asked questions

  1. First Watch Restaurant Group Inc (FWRG) share price today is $12.86 as of November 7, 2026 at 2:29 AM IST. The stock touched a day high of $13.41 and a day low of $12.76.

  2. First Watch Restaurant Group Inc stock trades on NASDAQ under the ticker symbol FWRG.

  3. First Watch Restaurant Group Inc's market capitalization is $833.3M as of November 7, 2026 at 2:29 AM IST.

  4. First Watch Restaurant Group Inc's price-to-earnings (P/E) ratio is 43.54 as of November 6, 2026.

  5. First Watch Restaurant Group Inc's price-to-book (P/B) ratio is 1.32 as of November 6, 2026.

  6. Yes, You can buy First Watch Restaurant Group Inc shares from India through Tickertape, via our partnership with ViewTrade IFSC under the IFSCA Global Access framework, subject to RBI’s Liberalised Remittance Scheme (LRS) limits.

  7. Indian investors can buy First Watch Restaurant Group Inc shares in three steps: 1. Search First Watch Restaurant Group Inc on the Tickertape app and tap Invest. 2. Complete your one-time digital KYC. 3. Fund your account and buy from as low as $1 via fractional shares.

  8. Since First Watch Restaurant Group Inc trades in USD, an Indian investor's INR returns depend on both the stock's price movement and the USD-INR exchange rate. If the rupee depreciates against the dollar, INR returns are boosted beyond the stock's USD return; if the rupee appreciates, INR returns are reduced.

  9. Indian investors can start investing in First Watch Restaurant Group Inc (FWRG) shares from as little as $1 through fractional ownership on Tickertape - for example, $10 buys approximately 0.7771 shares at the current price of $12.86.

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