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    First Watch Restaurant Group Inc (FWRG)

    Official site

    CONSUMER CYCLICAL • RESTAURANTS • NASDAQ

    $12.36
    +0.53 (+4.48%)

    Market Cap: $762.77M

    Last updated: Oct 16, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    71%(15/21)
    Avg Surprise
    +56.71%

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.04
    Range$-0.00 - $0.06
    9 analysts
    EPS Revisions
    1
    0
    7d
    1
    9
    30d
    EPS Estimate DriftChange to current
    90d ago$0.07-48.7%
    60d ago$0.05-24.6%
    30d ago$0.05-24.6%
    7d ago$0.04-8.8%
    Current$0.04
    Revenue Consensus
    $350M
    Range$344M - $352M
    10 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.07
    Range$0.03 - $0.15
    6 analysts
    Revenue Consensus
    $359M
    Range$347M - $364M
    10 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.07---
    Sep 26EST
    		-$0.04---
    Jun 26
    Reported Aug 4
    		$0.04$0.06-33.33%Miss-20.0%
    Mar 26
    Reported May 5
    		$-0.02$-0.03+33.33%Beat-300.0%
    Dec 25
    Reported Feb 24
    		$0.26$0.08+241.49%Beat+2468.0%
    Sep 25
    Reported Nov 4
    		$0.06$0.07-14.29%Miss+20.0%
    Jun 25
    Reported Aug 5
    		$0.05$0.06-16.67%Miss-72.2%
    Mar 25
    Reported May 6
    		$0.01N/A-66.67%Miss-92.9%
    Dec 24
    Reported Mar 11
    		$0.01$0.00+203.03%Beat-75.0%
    Sep 24
    Reported Nov 7
    		$0.05$0.05+0.00%Beat-50.0%
    Jun 24
    Reported Aug 6
    		$0.18$0.12+50.00%Beat+12.5%
    Mar 24
    Reported May 7
    		$0.14$0.10+40.00%Beat-17.6%
    Dec 23
    Reported Mar 5
    		$0.04$0.04+0.00%Beat+500.0%
    Sep 23
    Reported Nov 1
    		$0.10$0.04+150.00%Beat+12400.0%
    Jun 23
    Reported Aug 1
    		$0.16$0.08+100.00%Beat+77.8%
    Mar 23
    Reported May 2
    		$0.17$0.09+88.89%Beat+88.9%
    Dec 22
    Reported Mar 7
    		$-0.01$0.02-150.00%Miss+75.0%
    Sep 22
    Reported Nov 7
    		$0.00N/A-97.33%Miss-97.3%
    Jun 22
    Reported Aug 9
    		$0.09$0.04+125.00%Beat+12.2%
    Mar 22
    Reported May 10
    		$0.09$0.05+80.00%Beat-58.1%
    Dec 21
    Reported Mar 23
    		$-0.04$-0.07+42.86%Beat-118.6%
    Sep 21
    Reported Oct 4
    		$0.03$-0.01+400.00%Beat+101.2%
    Jun 21
    Reported Sep 1
    		$0.08$0.07+14.57%Beat+103.3%
    Mar 21
    Reported Jun 27
    		$0.21$0.00N/ABeat+105.2%
    Dec 20
    Reported Mar 30
    		$0.21$0.00N/ABeat+105.2%
    Sep 20
    Reported Dec 27
    		$-2.40$0.00N/AMiss-
    Jun 20
    Reported Sep 27
    		$-2.40$0.00N/AMiss-
    Mar 20
    Reported Jun 27
    		$-4.13$0.00N/AMiss-
    Dec 19
    Reported Mar 27
    		$-4.13$0.00N/AMiss-

    Key Metrics

    Valuation
    P/E Ratio36.70EV/EBITDA9.13x
    Price/FCF-36.59xFCF Yield-2.73%
    Profitability
    Profit Margin1.35%Operating Margin2.48%
    ROE2.88%ROIC3.14%
    Financial Health
    Debt/Equity0.46xInterest Coverage1.53x
    Current Ratio0.27xQuick Ratio0.22x
    Trading Statistics
    Beta1.05Avg Volume1.56M
    52-Week High$18.8252-Week Low$9.88

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$11.16
    SMA 20$10.69
    SMA 50$11.53
    SMA 200$12.65
    EMA 10$11.35
    EMA 20$11.11
    EMA 50$11.36
    EMA 200$12.74

    MACD

    Line: 0.13Signal: -0.15Hist: 0.28

    ADX

    ADX: 25.5+DI: 32.4-DI: 13.5

    Aroon & PSAR

    Aroon Up100.0
    Aroon Down48.0
    PSAR$11.00

    Bollinger Bands

    Upper Band$12.05
    Lower Band$9.33
    %B Position2549%(Upper)
    Band Width1.11

    RSI (14-Day)

    Neutral
    68.0

    Momentum Oscillators

    Stoch %K90.7
    Stoch %D90.7
    Williams %R-2.7
    ROC (10d)20.8%
    Momentum2.13
    CCI (20d)210.2
    MFI (14d)68.1

    Volatility Measures

    ATR (14d)$0.52(4.2%)
    StdDev (20d)0.68
    Hist Vol37.2%(Moderate)

    Volume Flow

    VWAP$12.19
    OBV-23.5M
    AD Line-5.3M
    CMF (20d)0.301

    Volume Metrics

    Avg Vol (20d)1.6M
    Vol Ratio1.2x
    VWMA (20d)$10.79

    Pivot Points

    R3$12.31
    R2$12.14
    R1$11.98
    Pivot Point$11.81
    S1$11.65
    S2$11.48
    S3$11.32

    Advanced Oscillators

    TSI7.49
    Ultimate Osc69.8
    KST-31.76

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$354.67M$330.96M$316.35M$316.02M$307.89M$282.24M$263.29M$251.61M$258.56M$242.45M$244.63M$219.21M
    Cost of Revenue$166.50M$126.21M$-94,068,000$119.87M$118.58M$134.06M$-93,645,000$94.76M$113.84M$108.14M$205.97M$99.96M
    Gross Profit$188.18M$204.75M$410.42M$196.15M$189.31M$148.19M$356.94M$156.85M$144.72M$134.31M$38.66M$119.25M
    Operating Expenses$180.05M$203.75M$401.38M$186.10M$181.99M$147.07M$353.07M$150.54M$128.27M$122.02M$31.80M$111.52M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$38.73M$39.95M$31.80M$33.75M$33.19M$30.22M$30.74M$27.68M$27.19M$27.66M$29.95M$25.18M
    Operating Income$8.13M$999,000$9.04M$10.05M$7.31M$1.11M$3.86M$6.31M$16.45M$12.29M$6.86M$7.74M
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$4.89M$4.78M$4.79M$4.57M$4.00M$3.33M$3.22M$3.44M$3.38M$2.60M$2.27M$1.85M
    Income Before Tax$3.37M$-3,434,000$4.42M$5.67M$3.58M$-1,537,000$738,000$3.50M$13.78M$10.01M$5.50M$6.66M
    Income Tax Expense$1.03M$-749,000$-10,744,000$2.68M$1.47M$-708,000$39,000$1.38M$4.88M$2.80M$2.86M$1.24M
    Net Income$2.34M$-2,685,000$15.16M$2.99M$2.11M$-829,000$699,000$2.11M$8.90M$7.21M$2.65M$5.42M
    EBITDA$30.27M$22.91M$30.04M$30.07M$25.88M$18.51M$19.87M$22.25M$26.09M$30.74M$20.13M$19.05M
    EBIT$8.26M$1.34M$9.21M$10.24M$7.58M$1.80M$3.96M$6.94M$17.16M$12.61M$7.78M$8.51M
    * Some calculated fields are derived from available data when not provided by source

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    News

    Stephens cuts target for First Watch stock to USD 18

    Stephens has lowered its price target for First Watch (FWRG) stock from $21 to $18, while maintaining an "Overweight" rating. This adjustment comes as First Watch prepares for its third-quarter earnings report...

    ad-hoc-news.de•10/16/26•Somewhat-Bearish

    Insiders At First Watch Restaurant Group Sold US$1.4m In Stock, Alluding To Potential Weakness

    Insiders at First Watch Restaurant Group (NASDAQ:FWRG) sold US$1.4 million worth of shares over the last year, with the largest sale by CEO Christopher Tomasso at US$419k...

    Simply Wall Street•10/14/26•Somewhat-Bearish

    First Watch Restaurant Group Inc (FWRG) Stock Up 6.9% and Still Undervalued -- GF Score: 77/100

    First Watch Restaurant Group Inc (FWRG) saw its stock rise by 6.9% to $12.04, yet it is still considered undervalued by GF Value™ at $22.76...

    GuruFocus•10/13/26•Neutral

    (FWRG) Movement as an Input in Quant Signal Sets

    This article provides an AI-generated analysis for First Watch Restaurant Group Inc. (NASDAQ: FWRG), highlighting a strong near and mid-term sentiment but a weak long-term outlook. It identifies a mid-channel oscillation...

    Stock Traders Daily•10/11/26•Neutral

    First Watch Restaurant Group, Inc. (FWRG) Stock Price, News, Quote & History

    This Yahoo Finance page provides a comprehensive overview of First Watch Restaurant Group, Inc. (FWRG), including its current stock price, historical performance, key financial metrics...

    Yahoo! Finance Canada•10/10/26•Neutral

    FWRG Valuation and Fair Value

    P/E
    36.7x
    Forward P/E
    63.7x
    EV/EBITDA
    9.1x
    P/FCF
    -36.6x
    P/B
    1.2x
    See GNG's fair value

    FWRG Profitability: Margins, ROIC and FCF

    Gross margin
    75.8%
    Operating margin
    2.5%
    Net margin
    1.4%
    ROIC
    3.1%
    ROE
    2.9%
    FCF margin
    -1.6%
    FCF yield
    -2.7%

    FWRG Competitors

    CompanyTicker
    Dream Finders Homes IncDFH
    Golden Entertainment IncGDEN
    Canada Goose Holdings IncGOOS
    Movado Group IncMOV
    Jumia Technologies AGJMIA
    Cannae Holdings IncCNNE
    Standard Motor Products IncSMP
    Polestar Automotive Holding UK PLC Class A ADSPSNY

    Sector: Consumer Cyclical

    FWRG Analyst Ratings

    Consensus
    Buy
    Analysts
    10
    Strong Buy
    0
    Buy
    10
    Hold
    0
    Sell
    0
    Strong Sell
    0

    FWRG Bull Case vs Bear Case

    Bull case

    • FWRG grew quarterly revenue 15.2% year over year.
    • 100.0% of FWRG's analyst ratings are Buy or Strong Buy.

    Bear case

    • FWRG beat EPS estimates in 37.5% of its last 8 reported quarters.

    FWRG Earnings: Beat Rate and Next Report

    Beat rate
    3 of 8 quarters (37.5%)
    Average surprise
    43.4%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.04
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    1 up, 9 down

    Frequently Asked Questions About FWRG

    Does FWRG pay dividends?

    First Watch Restaurant Group Inc (FWRG) does not currently pay a regular dividend.

    What is FWRG's P/E ratio?

    First Watch Restaurant Group Inc has a price-to-earnings (P/E) ratio of 36.70.

    What is FWRG's market cap?

    First Watch Restaurant Group Inc (FWRG) has a market capitalization of $762.77M with a current stock price of $12.36.

    Related stocks

    Sector: Consumer Cyclical

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