First Watch Restaurant Group (FWRG) Stock Price

First Watch Restaurant Group Price

NASDAQ·CLOSED
13.33
​
Market closed

Revenue has compounded at 19.6% per year over the past 7 years to 1.22 B USD. Earnings per share have grown at 38.4% per year over the last 3 years. First Watch Restaurant Group's net margin stands at 1.6%, up from -0.4% several years earlier. Analysts set a median price target of 16.50 USD, implying 23.8% above the current price. Of 16 analysts, 15 rate the stock a buy — an overall Buy consensus.

First Watch Restaurant Group stock price

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First Watch Restaurant Group business model & stock analysis

The First Watch Restaurant Group Inc is a US-American company specializing in the production of breakfast and brunch dishes. It was founded in 1983 by Ken Pendrey in Pacific Grove, California. Originally conceived as a franchise concept, First Watch was acquired by a group of investors in 1993. First Watch's business model is based on providing fresh, high-quality ingredients and preparing healthy dishes. The company offers a wide range of dishes, from various egg dishes to homemade pancakes, sandwiches, and salads. The First Watch Restaurant Group Inc operates different franchise concepts, including First Watch, The Egg & I, The Good Egg, and Bread & Company. Each concept is designed to meet the needs of customers in different markets. In the US, the company currently operates approximately 410 locations in 29 states. First Watch is known for its huge selection of house specialties, such as the "Floridian French Toast," served with fresh banana and strawberry puree, pecans, and powdered sugar. Another popular dish is the "A.M. Superfoods Bowl," prepared with fresh avocado, quinoa, eggs, tomatoes, and fresh spinach. These dishes are complemented by seasonal menu offerings based on fresh, seasonal ingredients. The Egg & I menu is designed to offer guests a cozy breakfast experience with special omelets, waffles, and toasts. The concept is also known for its Impossible Omelet, an option with 14 eggs and a variety of ingredients. The Good Egg distinguishes itself from the other concepts by specializing in health-conscious options, such as gluten-free and vegan dishes, as well as various egg dishes. Bread & Company, on the other hand, is a bakery concept that indulges guests with freshly baked bread, bagels, and pastries. This concept has been widespread in the US since 1992. Overall, First Watch is committed to providing guests with a unique experience through fresh ingredients, friendly staff, and a relaxed atmosphere. The company works with the best suppliers to obtain seasonal local ingredients, and both this and fair treatment of employees are very important to the company. For example, the company provides free meals for its employees and offers health courses to promote a healthy lifestyle and work environment. Overall, the First Watch Restaurant Group Inc offers a fresh, innovative approach to the breakfast and brunch segment and operates different concepts that specifically cater to the needs of customers in various markets. The company has made a name for itself in the US and is highly popular among guests due to its high-quality food and unique experiences.

Frequently asked questions about First Watch Restaurant Group

The business model of First Watch Restaurant Group Inc is centered around operating and franchising breakfast and brunch restaurants. As an established leader in the daytime dining market, First Watch offers a diverse menu combining traditional breakfast staples with unique chef-inspired creations. With a focus on fresh, high-quality ingredients and friendly service, First Watch aims to provide customers with an exceptional dining experience. By continually innovating their menu and investing in technological advancements, the company strives to stay ahead in the competitive restaurant industry. First Watch Restaurant Group Inc is committed to delivering delicious meals and creating a warm, inviting atmosphere for its customers.

First Watch Restaurant Group Inc is primarily active in the restaurant industry.

The main competitors of First Watch Restaurant Group Inc in the market include popular breakfast and brunch restaurant chains such as IHOP, Denny's, and Cracker Barrel. These competitors also offer a wide range of breakfast and brunch options, targeting a similar customer base. However, First Watch distinguishes itself by focusing on using fresh and high-quality ingredients, along with a healthier menu options. With its commitment to providing a unique and exceptional dining experience, First Watch Restaurant Group Inc continues to differentiate itself from its competitors in the market.

First Watch Restaurant Group Inc is a leading restaurant company with a rich history and background. Founded in 1983, the company has grown to be one of the largest daytime-only dining chains in the United States. First Watch specializes in serving breakfast, brunch, and lunch with a focus on fresh ingredients and high-quality food. Over the years, First Watch has received numerous accolades for its menu offerings and customer service. With a commitment to providing a delightful dining experience, the company continues to expand its presence across the country. First Watch Restaurant Group Inc remains dedicated to satisfying customers' cravings with its delicious and innovative dishes.

First Watch Restaurant Group Inc is a prominent company in the restaurant industry that has achieved significant milestones over the years. Notable achievements include expanding its presence across the United States and becoming one of the largest breakfast and brunch chains. The company has consistently received recognition and awards for its high-quality food, exceptional customer service, and commitment to health-conscious dining options. First Watch Restaurant Group Inc has also established a strong brand reputation, successfully catering to diverse customer preferences and continuously introducing innovative menu items. With its continuous growth, the company remains a prominent player in the restaurant industry, providing a delightful dining experience for its customers.

First Watch Restaurant Group Inc is primarily present in the United States.

First Watch Restaurant Group Inc represents a strong commitment to quality, innovation, and community. Their corporate philosophy revolves around providing exceptional dining experiences and serving freshly prepared breakfast, brunch, and lunch dishes. The company values customer satisfaction and emphasizes using high-quality ingredients sourced from local suppliers whenever possible. First Watch Restaurant Group Inc prioritizes teamwork, integrity, and continuous improvement in delivering delicious meals, excellent service, and a welcoming atmosphere. Through their emphasis on freshness, hospitality, and community engagement, First Watch Restaurant Group Inc is dedicated to creating a memorable dining experience for their customers.

Analysts currently set an average price target of 16.50 USD for the First Watch Restaurant Group stock (median: 16.50 USD), implying +19.1 % versus the latest price. The consensus is based on 16 analyst ratings.

16 analysts currently rate the First Watch Restaurant Group stock: 15 recommend buying, 1 holding and 0 selling. For 2026, analysts expect First Watch Restaurant Group to generate revenue of 1.39 B USD and earnings per share of 0.12 USD.

Converted at the current exchange rate, the First Watch Restaurant Group share trades at 11.90 EUR (13.33 USD).

The First Watch Restaurant Group share (FWRG) is listed on 1 stock exchanges, including: NASDAQ (FWRG).

The First Watch Restaurant Group Inc. is a leading provider of daytime café concepts in the United States, offering a wide range of breakfast, brunch, and lunch dishes. The company operates around 400 restaurants in 30 states and employs over 10,000 employees in the US. The company is headquartered in Bradenton, Florida. First Watch restaurants aim to provide an upscale and sophisticated atmosphere, offering a wide range of breakfast and lunch options. The menus are carefully tailored to meet customer needs and offer a variety of daily coffee options. The company also operates The Egg & I Restaurants, which operates 100 restaurants in 20 states, specializing in breakfast and brunch specialties. Most of The Egg & I restaurants are located in smaller towns and rural areas. First Watch is a franchise company and offers its concepts to potential franchise partners. The company provides a comprehensive range of support services for franchise partners, including site analysis, design consulting, training, marketing, and operations management. In recent years, the company has focused on expansion and has opened numerous new locations. The company also plans to continue its expansion in the coming years. First Watch's main product is a breakfast and lunch menu that offers a wide range of traditional and innovative dishes. Some of the top-selling dishes are avocado toast, California omelette, and Siesta Key cocktail. The company also aims to provide its customers with a healthy and fresh cuisine and offers an extensive selection of vegetarian, gluten-free, and vegan options. Another important aspect of First Watch's business model is the offering of catering services. The company offers a wide range of catering options, including breakfast, lunch, and brunch, as well as a variety of beverages and service options. The company also has a strong online presence and offers its customers the ability to order and pay online. The company also utilizes social media platforms like Facebook and Twitter to communicate and advertise with its customers. Overall, First Watch's business model has proven successful as the company has achieved significant expansion success and built a strong brand. The company offers a wide range of products and services tailored to customer needs, providing high quality and professionalism.

The expected revenue of First Watch Restaurant Group is 1.39 B USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of First Watch Restaurant Group is 7.24 M USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of First Watch Restaurant Group is currently 115.70. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the First Watch Restaurant Group stock.

The price-to-sales ratio (P/S) of First Watch Restaurant Group is currently 0.60. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the First Watch Restaurant Group stock.

The Eulerpool Quality Score for First Watch Restaurant Group is 4/10.

The ISIN of First Watch Restaurant Group is US33748L1017. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The ticker of First Watch Restaurant Group is FWRG. The ticker symbol is used to trade First Watch Restaurant Group shares on the stock exchange.

Fair ValueTerminal
14.13 USD
Over-/UndervaluationTerminal
Fairly valued
Industry
Hotels, Restaurants & Leisure
Number of shares
Employees
Revenue per Employee
1.22 M USD
Revenue growth Ø5 years
EBIT growth Ø5 years
Net Income growth Ø5 years
Currency
USD
Initial public offering
Oct 1, 2021
ISIN
US33748L1017
Cusip
33748L101
Sedol
BMDTR28
Market capitalization
813.53 M USDSmall Cap
52-Week Range
PEG
1.31
P/E ratio
P/Ee 2026
112.37
P/Ee 2027
52.07
P/Ee 2028
32.44
P/Ee 2029
30.30
P/Ee 2030
27.20
P/S
P/Se
0.60
EV/EBIT
34.04
P/B Ratio
1.30
ROE (Return on Equity)
ROA (Return on Assets)
ROCE (Return on Capital Employed)
ROIC (Return on Invested Capital)
1.98 %
Last updated Nov 10, 2026, 11:56 PM

First Watch Restaurant Group Peer Group

First Watch Restaurant Group Ticker

NASDAQ · FWRG

First Watch Restaurant Group FIGI

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