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First Watch Restaurant Group Inc (FWRG)

NASDAQ
Currency in USD
19.33
-0.30(-1.53%)
Closed
After Hours
19.48+0.15(+0.78%)
FWRG Scorecard
Full Analysis
Operates with a significant debt burden
Fair Value
Day's Range
19.2620.24
52 wk Range
12.9025.98
Key Statistics
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Prev. Close
19.33
Open
19.86
Day's Range
19.26-20.24
52 wk Range
12.9-25.98
Volume
1.06M
Average Volume (3m)
766.4K
1-Year Change
0.26%
Book Value / Share
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Fair Value
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Fair Value Upside
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FWRG Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
23.55
Upside
+21.83%
Members' Sentiments
Bearish
Bullish
ProTips
4 analysts have revised their earnings downwards for the upcoming period
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First Watch Restaurant 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 SWOT Analysis


Financial Resilience
First Watch demonstrates strong EBITDA performance and margin management, showcasing operational efficiency despite softer comparable sales in Q2 2024
Growth Amid Headwinds
Explore FWRG's expansion strategy, balancing new restaurant openings with menu innovation to drive traffic and increase market share in the competitive daytime dining segment
Analyst Perspectives
Barclays maintains an Overweight rating with price targets ranging from $21 to $27, reflecting confidence in FWRG's potential despite industry challenges
Strategic Positioning
Delve into First Watch's unique brand positioning in the breakfast and lunch market, leveraging fresh ingredients and made-to-order offerings to differentiate from competitors
Read full SWOT analysis
FWRG Full Pro Research
Institutional-Grade Stock Analysis
Understand how FWRG earns money
Financial health at a glance
Bearish and bullish outlooks
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First Watch Restaurant Group Inc Earnings Call Summary for Q3/2024

  • Q2 FY2024: 37% increase in adjusted EBITDA to $35.3M, 19.5% rise in total revenues to $258.6M, slight decline in same-restaurant sales
  • Opened 7 new restaurants, acquired franchisee in Raleigh-Durham; maintains 17-19% total revenue growth guidance for FY2024
  • Expects mid-single-digit decline in same-restaurant traffic, -2% to flat same-restaurant sales growth for full year
  • Plans to open 45-48 company-owned, 9-10 franchise-owned restaurants in 2024; 130 projects in development pipeline
  • Adjusted EBITDA projection: $106M-$112M; commodity inflation 2-4%, restaurant labor cost inflation 5-7% expected
Last Updated: 07-08-2024, 02:32 am
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Compare FWRG to Peers and Sector

Metrics to compare
FWRG
Peers
Sector
Relationship
P/E Ratio
56.1x−25.1x10.9x
PEG Ratio
−6.720.220.02
Price/Book
2.0x6.6x1.4x
Price / LTM Sales
1.2x3.2x1.0x
Upside (Analyst Target)
24.2%6.0%20.3%
Fair Value Upside
Unlock15.2%7.1%Unlock

Analysts' Recommendations

9 Buy
2 Hold
0 Sell
Ratings:
11 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 23.55

(+21.81% Upside)

FAQ

What Is the First Watch Restaurant (FWRG) Stock Price Today?

The First Watch Restaurant stock price today is 19.33.

What Stock Exchange Does First Watch Restaurant Trade On?

First Watch Restaurant is listed and trades on the NASDAQ stock exchange.

What Is the Stock Symbol for First Watch Restaurant?

The stock symbol for First Watch Restaurant is "FWRG."

What Is the First Watch Restaurant Market Cap?

As of today, First Watch Restaurant market cap is 1.17B.

What is First Watch Restaurant Earnings Per Share?

The First Watch Restaurant EPS is 0.347.

What Is the Next First Watch Restaurant Earnings Date?

First Watch Restaurant will release its next earnings report on 10 Mar 2025.

From a Technical Analysis Perspective, Is FWRG a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.
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