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First Watch Restaurant Group, Inc.

Data quality: 100%
FWRG
NASDAQ Consumer Cyclical Restaurants
$11.27
▼ $0.19 (-1.66%)
Mkt Cap: 689.03M
Day Range
$10.70 $11.68
52-Week Range
$10.70 $20.55
Volume
2,858,338
50D / 200D Avg
$14.84 / $16.40
Prev Close
$11.46

Quick Summary

Price History

Financial Trends

Peer Comparison

vs Consumer Cyclical sector median (610 peers)

Metric Stock Sector Median
P/E 35.5 11.2
P/B 1.1 1.4
ROE % 3.2 10.7
Net Margin % 1.6 5.2
Rev Growth 5Y % 19.4 8.1
D/E 1.2 0.8

Analyst Price Target

Hold
$19.00 +68.6%
Forward P/E
62.31
Forward EPS
$0.20
EPS Growth (est.)
+0.0%
Est. Revenue
1.39B

Earnings Estimates

Period EPS Est. Revenue Est. Analysts
FY2030 $0.54
$0.53 – $0.55
2.25B 1
FY2029 $0.41
$0.40 – $0.42
1.99B 1
FY2028 $0.44
$0.43 – $0.45
1.79B 2

Insider Trading Activity

Buy ratio (90d) 0.0%
20 transactions
Date Insider Type Shares Price Value
Mar 17, 2026
Eisenacher Matthew
Chief Brand Officer
sell 2,760 $12.52 $34,555.20
Mar 17, 2026
Jones John Daniel
Chief Operations Officer
sell 1,697 $12.52 $21,246.44
Mar 17, 2026
HOPE H MELVILLE III
CFO and Treasurer
sell 3,878 $12.52 $48,552.56
Mar 17, 2026
Tomasso Christopher Anthony
President and CEO
sell 25,062 $12.52 $313,776.24
Mar 12, 2026
Tomasso Christopher Anthony
President and CEO
other 71,768
Mar 10, 2026
HOPE H MELVILLE III
CFO and Treasurer
sell 7,358 $12.59 $92,637.22
Mar 10, 2026
Hartman Eric Richard
Chief Development Officer
sell 4,820 $12.59 $60,683.80
Mar 10, 2026
Wolszczak Jay Anthony
Chief Legal Officer, GC & Secy
sell 6,998 $12.59 $88,104.82
Mar 10, 2026
Jones John Daniel
Chief Operations Officer
sell 4,600 $12.59 $57,914.00
Mar 10, 2026
Tomasso Christopher Anthony
President and CEO
sell 33,314 $12.59 $419,423.26
Mar 10, 2026
Sorensen Laura Anne
Chief People Officer
sell 4,732 $12.59 $59,575.88
Mar 1, 2026
Hartman Eric Richard
Chief Development Officer
grant 30,096
Mar 1, 2026
Eisenacher Matthew
Chief Brand Officer
grant 28,089
Jan 22, 2026
Kussell William A
Director
other 12,330 $8.45 $104,188.50
Jan 22, 2026
Kussell William A
Director
sell 6,165 $17.00 $104,805.00
Dec 30, 2025
Tipograph Rachel K
Director
grant 9,302
Dec 28, 2025
Wolszczak Jay Anthony
Chief Legal Officer, GC & Secy
grant 139,323
Dec 28, 2025
Sorensen Laura Anne
Chief People Officer
grant 125,798
Dec 28, 2025
Hartman Eric Richard
Chief Development Officer
grant 128,760
Dec 9, 2025
Kussell William A
Director
other 12,330 $8.45 $104,188.50

Dividend History

Yield

0.00%

Payout Ratio

0.00%

Growth (3Y)

N/A

Growth (5Y)

N/A

No dividend history available.

Key Takeaways

Revenue grew 19.41% annually over 5 years — strong growth
ROE of 3.18% is below average
Negative free cash flow of -30.99M
P/E of 35.46 — premium valuation
ROIC of 1.85% — low return on invested capital

Growth

Revenue Growth (5Y)
19.41%
Revenue (1Y)20.34%
Earnings (1Y)2.68%
FCF Growth (3Y)N/A

Quality

Return on Equity
3.18%
ROIC1.85%
Net Margin1.59%
Op. Margin2.76%

Safety

Debt / Equity
1.18
Current Ratio0.29
Interest Coverage2.02

Valuation

P/E Ratio
35.46
Forward P/E62.31
P/B Ratio1.10
EV/EBITDA41.67
Dividend Yield0.00%

All Fundamental Metrics

Growth
Revenue Growth (1Y) 20.34% Revenue Growth (3Y) 17.10%
Earnings Growth (1Y) 2.68% Earnings Growth (3Y) -12.51%
Revenue Growth (5Y) 19.41% Earnings Growth (5Y) N/A
Profitability
Revenue (TTM) 1.22B Net Income (TTM) 19.43M
ROE 3.18% ROA 1.12%
Gross Margin 13.04% Operating Margin 2.76%
Net Margin 1.59% Free Cash Flow (TTM) -30.99M
ROIC 1.85% FCF Growth (3Y) N/A
Safety
Debt / Equity 1.18 Current Ratio 0.29
Interest Coverage 2.02
Dividends
Dividend Yield 0.00% Payout Ratio 0.00%
Dividend Growth (3Y) N/A Dividend Growth (5Y) N/A
Consecutive Div Years N/A
Valuation
P/E Ratio 35.46 Forward P/E 62.31
P/B Ratio 1.10 P/S Ratio 0.56
PEG Ratio 15.01 Forward PEG N/A
EV/EBITDA 41.67 Fwd EV/EBITDA 9.89
Forward P/S 0.50 Fwd Earnings Yield 1.60%
FCF Yield -4.50%
Market Cap 689.03M Enterprise Value 1.41B

Income Statement

Annual, most recent first

Income statement data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Revenue 1.22B 1.02B 891.55M 730.16M 601.19M
Net Income 19.43M 18.93M 25.39M 6.91M -2.11M
EPS (Diluted) 0.31 0.30 0.41 0.11 -0.04
Gross Profit 159.44M 792.81M 190.12M 139.54M 124.24M
Operating Income 33.77M 38.91M 41.27M 16.91M 22.24M

Balance Sheet

Annual, most recent first

Balance sheet data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Total Assets 1.74B 1.51B 1.27B 1.10B 1.05B
Total Liabilities 1.12B 918.97M 705.76M 581.31M 542.49M
Shareholders' Equity 626.28M 595.39M 561.28M 523.14M 504.43M
Total Debt 739.60M 809.55M 606.97M 507.35M 473.97M
Cash & Equivalents 21.25M 33.31M 49.63M 49.67M 51.86M
Current Assets 49.08M 55.88M 71.19M 67.29M 67.70M
Current Liabilities 167.50M 138.47M 115.07M 99.98M 96.52M

Strategy Scores

This stock passed the criteria for 1 strategy

Score = fit strength (0–100)
Rank = position among all matches
#152 of 618
54

Recent Activity

Entered Price/Sales Ratio Focus (Ken Fisher)
Mar 24, 2026