First Watch Restaurant Group/$FWRG
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About First Watch Restaurant Group
First Watch Restaurant Group Inc is a daytime restaurant concept serving made-to-order breakfast, brunch, and lunch using fresh ingredients. It generates revenues from Restaurant sales and Franchise revenues.
Ticker
$FWRG
Sector
Primary listing
Employees
15,000
Headquarters
Website
FWRG Metrics
BasicAdvanced
$1.1B
317.36
$0.06
0.92
-
Price and volume
Market cap
$1.1B
Beta
0.92
52-week high
$22.71
52-week low
$12.90
Average daily volume
1.2M
Financial strength
Current ratio
0.271
Quick ratio
0.156
Long term debt to equity
146.239
Total debt to equity
159.501
Interest coverage (TTM)
1.83%
Profitability
EBITDA (TTM)
91.207
Gross margin (TTM)
20.12%
Net profit margin (TTM)
0.37%
Operating margin (TTM)
2.32%
Effective tax rate (TTM)
34.83%
Revenue per employee (TTM)
$70,000
Management effectiveness
Return on assets (TTM)
1.03%
Return on equity (TTM)
0.69%
Valuation
Price to earnings (TTM)
317.364
Price to revenue (TTM)
1.035
Price to book
1.91
Price to tangible book (TTM)
582.72
Price to free cash flow (TTM)
-38.773
Free cash flow yield (TTM)
-2.58%
Free cash flow per share (TTM)
-0.486
Growth
Revenue change (TTM)
14.53%
Earnings per share change (TTM)
-84.85%
3-year revenue growth (CAGR)
17.70%
3-year earnings per share growth (CAGR)
-1.50%
What the Analysts think about FWRG
Analyst ratings (Buy, Hold, Sell) for First Watch Restaurant Group stock.
Bulls say / Bears say
First Watch posted total revenues of $307.9 million in Q2 2025, up 19.1% year-over-year, fueled by strong demand for its daytime dining concept (Reuters).
The company recorded third consecutive quarters of improved guest metrics, with same-restaurant sales up 3.5% and traffic up 2.0% in Q2 2025 (Reuters).
First Watch opened 17 new restaurants systemwide in Q2 2025, reaching the 600-location milestone and demonstrating strong scalable unit economics (Reuters).
Operating margins declined sharply in Q2 2025, with the operating income margin dropping to 2.4% from 6.4%, and the restaurant-level profit margin slipping to 18.6% from 21.9%, pointing to higher cost pressures (NASDAQ).
Net income fell 76% year-over-year to $2.1 million (or $0.03 per diluted share) in Q2 2025, missing analyst forecasts and highlighting earnings weakness despite higher revenues (Reuters).
The company is facing ongoing inflation in key commodities, with egg, coffee, bacon and avocado costs up nearly 8.1% in Q2 2025 and expected to stay at high-single-digit growth for the year, squeezing margins (Bloomberg).
Data summarised monthly by Lightyear AI. Last updated on 29 Aug 2025.
FWRG Financial Performance
Revenues and expenses
FWRG Earnings Performance
Company profitability
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Capital at risk
Upcoming events
No upcoming events
FAQs
What’s the current market cap for First Watch Restaurant Group stock?
First Watch Restaurant Group (FWRG) has a market cap of $1.1B as of September 02, 2025.
What is the P/E ratio for First Watch Restaurant Group stock?
The price to earnings (P/E) ratio for First Watch Restaurant Group (FWRG) stock is 317.36 as of September 02, 2025.
Does First Watch Restaurant Group stock pay dividends?
No, First Watch Restaurant Group (FWRG) stock does not pay dividends to its shareholders as of September 02, 2025.
When is the next First Watch Restaurant Group dividend payment date?
First Watch Restaurant Group (FWRG) stock does not pay dividends to its shareholders.
What is the beta indicator for First Watch Restaurant Group?
First Watch Restaurant Group (FWRG) has a beta rating of 0.92. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.