FWRG - First Watch Restaurant Group, Inc. Stock Price, Fair Value and News

18.88USD-0.36 (-1.87%)Delayed

Market Summary

USD18.88-0.36

Delayed

-1.87%

FWRG Alerts

1 major insider sales recently.

FWRG Stock Price

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FWRG RSI Chart

FWRG Valuation

Market Cap

1.1B

Price/Earnings (Trailing)

24.79

Price/Sales (Trailing)

1.24

EV/EBITDA

14.29

Price/Free Cashflow

1.9K

FWRG Price/Sales (Trailing)

FWRG Profitability

EBT Margin

3.49%

Return on Equity

Return on Assets

3.59%

Free Cashflow Yield

0.05%

FWRG Fundamentals

FWRG Revenue

Revenue (TTM)

922.6M

Rev. Growth (Yr)

14.68%

Rev. Growth (Qtr)

-0.89%

FWRG Earnings

Earnings (TTM)

46.0M

Earnings Growth (Yr)

-22.93%

Earnings Growth (Qtr)

-71.58%

Breaking Down FWRG Revenue

Last 7 days

-9.8%

Last 30 days

-14.4%

Last 90 days

-22.7%

Trailing 12 Months

4.7%

How does FWRG drawdown profile look like?

FWRG Financial Health

Current Ratio

0.6

Debt/Equity

0.21

Debt/Cashflow

0.81

FWRG Investor Care

Shares Dilution (1Y)

1.70%

Diluted EPS (TTM)

0.38

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	922.6M	0	0	0
2023	768.5M	800.3M	832.7M	891.6M
2022	647.1M	677.6M	707.0M	730.2M
2021	407.1M	471.8M	536.5M	601.2M
2020	0	0	389.4M	342.4M
2019	0	0	0	436.4M

Get all data in R, Python etc through our Historical Stock Data APIs

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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

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Tracking the Latest Insider Buys and Sells of First Watch Restaurant Group, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 22, 2024	kussell william a	sold	-185,359	22.1033	-8,386	-
Mar 15, 2024	wolszczak jay anthony	sold	-364,350	24.29	-15,000	chief legal officer, gc & secy
Mar 15, 2024	wolszczak jay anthony	acquired	126,750	8.45	15,000	chief legal officer, gc & secy
Mar 14, 2024	eisenacher matthew	sold	-91,535	24.28	-3,770	chief brand officer
Mar 12, 2024	hartman eric richard	acquired	494,545	8.45	58,526	chief development officer
Mar 12, 2024	hartman eric richard	sold	-1,488,340	24.4974	-60,755	chief development officer
Mar 12, 2024	tomasso christopher anthony	acquired	845,000	8.45	100,000	president and ceo
Mar 12, 2024	tomasso christopher anthony	sold	-2,982,340	24.4464	-121,995	president and ceo
Mar 12, 2024	wolszczak jay anthony	sold	-79,202	24.43	-3,242	chief legal officer, gc & secy
Mar 12, 2024	hope h melville iii	sold	-109,984	24.43	-4,502	cfo and treasurer

Which funds bought or sold FWRG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	added	15.6	230,145	783,458	-%
May 16, 2024	Vancity Investment Management Ltd	added	60.79	425,000	863,000	0.10%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-89.43	-1,752,750	260,603	-%
May 16, 2024	COMERICA BANK	added	65.55	14,213	28,042	-%
May 15, 2024	MARSHALL WACE, LLP	new	-	604,716	604,716	-%
May 15, 2024	DEUTSCHE BANK AG\	added	12.73	64,143	232,561	-%
May 15, 2024	Elequin Capital, LP	new	-	1,035,320	1,035,320	0.09%
May 15, 2024	GOLDMAN SACHS GROUP INC	added	6.95	498,736	2,107,300	-%
May 15, 2024	Granahan Investment Management, LLC	reduced	-7.61	1,960,800	16,853,000	0.59%
May 15, 2024	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	new	-	271,000	271,000	-%

Are Funds Buying or Selling FWRG?

Are funds buying FWRG calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own FWRG

No. of Funds

FWRG Alerts

1 major insider sales recently.

Unveiling First Watch Restaurant Group, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	advent international, l.p.	57.0%	34,089,784	SC 13G/A
Feb 14, 2023	advent international corp/ma	70.2%	41,564,784	SC 13G/A
Feb 14, 2022	advent international corp/ma	79.2%	46,739,784	SC 13G

Recent SEC filings of First Watch Restaurant Group, Inc.

View All Filings

Date Filed	Form Type	Document
May 07, 2024	10-Q	Quarterly Report
May 07, 2024	8-K	Current Report
Apr 23, 2024	4	Insider Trading
Apr 22, 2024	144	Notice of Insider Sale Intent
Apr 15, 2024	8-K	Current Report
Apr 08, 2024	ARS	ARS
Apr 08, 2024	DEF 14A	DEF 14A
Apr 08, 2024	DEFA14A	DEFA14A
Mar 28, 2024	PRE 14A	PRE 14A
Mar 18, 2024	4	Insider Trading

Peers (Alternatives to First Watch Restaurant Group, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MCD	196.3B	25.8B	0.90%	-7.37%	22.84	7.62	10.04%	25.02%
CMG	88.3B	10.2B	10.70%	53.32%	68.09	8.65	13.61%	25.56%
SBUX	88.2B	36.5B	-9.72%	-27.32%	21.2	2.41	7.45%	16.97%
DRI	18.4B	11.2B	0.67%	-5.02%	17.77	1.64	8.53%	9.08%
DPZ	17.9B	4.5B	6.48%	64.85%	33.14	3.94	-0.24%	15.90%
TXRH	11.3B	4.8B	13.56%	46.42%	33.22	2.37	13.73%	18.99%
MID-CAP
SHAK	4.2B	1.1B	4.53%	48.70%	173.21	3.76	18.35%	298.28%
BLMN	2.0B	4.6B	-12.86%	-10.70%	28.09	0.44	2.24%	-38.66%
PZZA	1.7B	2.1B	-16.19%	-30.39%	22.65	0.79	1.73%	-6.65%
SMALL-CAP
CAKE	2.0B	3.5B	14.84%	9.73%	18.4	0.57	2.64%	121.81%
JACK	1.0B	1.6B	-10.26%	-44.25%	8.93	0.63	0.14%	-10.41%
BJRI	858.9M	1.3B	15.69%	10.00%	35.93	0.65	0.21%	292.03%
CHUY	472.1M	459.3M	-9.63%	-29.44%	15.63	1.03	5.77%	28.21%
BDL	52.9M	181.9M	14.48%	0.78%	14.99	0.29	9.56%	-56.30%
ARKR	52.5M	185.2M	4.89%	-22.03%	-7.25	0.28	-2.24%	-199.86%

First Watch Restaurant Group, Inc. News

Latest updates

First Watch Restaurant Group, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Revenue	-0.9%	242,449	244,633	219,212	216,300	211,406	185,745	186,852	184,453	173,112	162,620	157,441	153,963	127,169	113,459	99,749	-
Costs and Expenses	-3.2%	230,163	237,778	211,474	204,957	196,075	184,266	184,231	179,400	165,352	163,687	150,288	141,651	123,324	-	108,365	-
S&GA Expenses	-100.0%	-	29,953	25,179	25,284	22,705	21,765	21,689	21,942	19,563	26,028	17,019	15,388	11,953	-	11,347	-
EBITDA Margin	-3.4%	0.09*	0.10*	0.09*	0.09*	0.08*	0.07*	0.07*	0.07*	0.09*	0.09*	-0.03*	-0.03*	-0.04*	-0.05*	-	-
Interest Expenses	14.4%	2,599	2,271	1,848	2,037	1,907	1,738	1,362	1,126	1,006	1,443	6,051	6,289	6,316	-	5,832	-
Income Taxes	-2.0%	2,799	2,857	1,243	2,032	4,558	742	1,329	1,336	2,277	-167	534	2,285	-175	-	-3,262	-
Earnings Before Taxes	81.9%	10,013	5,505	6,661	9,991	13,918	256	1,375	4,043	6,917	-4,820	1,317	6,090	-2,217	-	-14,403	-
EBT Margin	-13.8%	0.03*	0.04*	0.04*	0.03*	0.03*	0.02*	0.01*	0.01*	0.01*	0.00*	-0.13*	-0.15*	-0.17*	-0.20*	-	-
Net Income	-71.6%	7,214	25,385	5,418	7,959	9,360	6,907	46.00	2,707	4,640	-4,653	783	3,805	-2,042	-	-11,141	-
Net Income Margin	-7.7%	0.05*	0.05*	0.04*	0.03*	0.02*	0.02*	0.00*	0.01*	0.01*	0.00*	-0.09*	-0.11*	-0.12*	-0.15*	-	-
Free Cashflow	61.9%	-3,602	-9,463	-5,632	19,282	6,624	-941	-3,587	8,614	-3,368	10,460	5,937	15,943	-4,680	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet												(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2020Q4
Assets	1.0%	1,279	1,267	1,206	1,163	1,115	1,104	1,090	1,080	1,049	1,047	1,039	1,008
Current Assets	-10.9%	63.00	71.00	59.00	85.00	70.00	67.00	65.00	70.00	61.00	68.00	67.00	49.00
Cash Equivalents	-12.3%	44.00	50.00	40.00	67.00	54.00	50.00	50.00	54.00	47.00	52.00	52.00	39.00
Inventory	-3.4%	5.00	5.00	5.00	5.00	4.00	5.00	4.00	4.00	4.00	4.00	3.00	3.00
Goodwill	0.3%	361	360	357	3.00	345	345	345	345	345	345	345	345
Liabilities	-0.1%	705	706	649	617	580	581	570	563	538	542	715	687
Current Liabilities	-7.5%	106	115	110	109	92.00	100	93.00	93.00	83.00	97.00	85.00	77.00
Long Term Debt	2.5%	123	120	91.00	92.00	93.00	95.00	96.00	97.00	98.00	100	288	286
Shareholder's Equity	2.3%	574	561	557	546	535	523	520	517	511	504	324	321
Retained Earnings	9.9%	-65.53	-72.75	-75.39	-80.81	-88.77	-98.13	-97.65	-97.69	-100	-105	-100	-102
Additional Paid-In Capital	0.8%	639	634	631	626	623	621	617	614	611	609	424	423
Shares Outstanding	0.8%	60.00	60.00	60.00	59.00	59.00	59.00	59.00	59.00	59.00	48.00	45.00	45.00
Float	-	-	-	-	390	-	-	-	163	-	174	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Cashflow From Operations	12.1%	24,982	22,294	17,461	34,440	21,143	16,293	14,832	23,823	7,989	18,706	13,837	24,599	5,829	-	-	-
Share Based Compensation	-15.9%	1,866	2,218	1,764	2,125	1,497	2,553	2,719	2,808	2,294	7,850	430	187	129	-	-	-
Cashflow From Investing	21.4%	-32,002	-40,737	-45,463	-22,729	-14,441	-17,411	-18,755	-15,487	-11,458	-8,258	-7,900	-8,931	-10,593	-	-	-
Cashflow From Financing	-98.0%	562	28,155	1,160	713	-1,958	1,419	-272	-1,291	-1,874	-10,435	-2,119	-865	-852	-	-	-

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FWRG Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 26, 2023
Revenues:
Total revenues	$ 242,449	$ 211,406
Restaurant operating expenses (exclusive of depreciation and amortization shown below):
Food and beverage costs	52,184	46,627
Labor and other related expenses	79,735	68,573
Other restaurant operating expenses	36,792	31,696
Occupancy expenses	19,168	15,934
Pre-opening expenses	1,567	1,036
General and administrative expenses	27,658	22,705
Depreciation and amortization	12,271	9,117
Impairments and loss on disposal of assets	119	134
Transaction expenses, net	669	253
Total operating costs and expenses	230,163	196,075
Income from operations	12,286	15,331
Interest expense	(2,599)	(1,907)
Other income, net	326	494
Income before income taxes	10,013	13,918
Income tax expense	(2,799)	(4,558)
Net income	7,214	9,360
Other comprehensive income
Unrealized gain on derivatives	1,238	0
Income tax related to other comprehensive income	(309)	0
Comprehensive income	$ 8,143	$ 9,360
Net income per common share - basic (in dollars per share)	$ 0.12	$ 0.16
Net income per common share - diluted (in dollars per share)	$ 0.12	$ 0.15
Weighted average common shares outstanding - basic (in shares)	60,012,790	59,243,430
Weighted average common shares outstanding - diluted (in shares)	62,476,379	60,597,729
Restaurant sales
Revenues:
Total revenues	$ 239,308	$ 207,968
Franchise revenues
Revenues:
Total revenues	$ 3,141	$ 3,438

FWRG Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 43,245	$ 49,632
Restricted cash	258	329
Accounts receivable	4,130	5,532
Inventory	5,198	5,381
Prepaid expenses	8,912	7,494
Derivative assets, current	687	457
Other current assets	1,007	2,365
Total current assets	63,437	71,190
Goodwill	360,981	359,883
Intangible assets, net	151,059	151,186
Operating lease right-of-use assets	422,589	420,001
Property, fixtures and equipment, net of accumulated depreciation of $191,757 and $181,481, respectively	276,974	263,082
Other long-term assets	4,216	1,703
Total assets	1,279,256	1,267,045
Current liabilities:
Accounts payable	5,681	6,324
Accrued liabilities	32,461	35,630
Accrued compensation	20,646	21,711
Deferred revenues	3,341	5,499
Current portion of operating lease liabilities	41,316	40,281
Current portion of long-term debt	3,034	5,628
Total current liabilities	106,479	115,073
Operating lease liabilities	444,384	441,290
Long-term debt, net	122,705	119,767
Deferred income taxes	27,898	25,331
Derivative liabilities	338	1,346
Other long-term liabilities	3,012	2,954
Total liabilities	704,816	705,761
Commitments and contingencies (Note 12)
Equity:
Preferred stock; $0.01 par value; 10,000,000 shares authorized; none issued and outstanding	0	0
Common stock; $0.01 par value; 300,000,000 shares authorized; 60,372,531 and 59,891,705 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	604	599
Additional paid-in capital	639,107	634,099
Accumulated deficit	(65,533)	(72,747)
Accumulated other comprehensive income (loss)	262	(667)
Total equity	574,440	561,284
Total liabilities and equity	$ 1,279,256	$ 1,267,045

About First Watch Restaurant Group, Inc.

First Watch Restaurant Group, Inc. 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. The company was founded in 1983 and is headquartered in Bradenton, Florida.

CEO	Mr. Christopher A. Tomasso
WEBSITE	firstwatch.com
INDUSTRY	Restaurants
EMPLOYEES	12000

First Watch Restaurant Group, Inc. Frequently Asked Questions

What is the ticker symbol for First Watch Restaurant Group, Inc.? What does FWRG stand for in stocks?

FWRG is the stock ticker symbol of First Watch Restaurant Group, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of First Watch Restaurant Group, Inc. (FWRG)?

As of Fri May 17 2024, market cap of First Watch Restaurant Group, Inc. is 1.14 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FWRG stock?

You can check FWRG's fair value in chart for subscribers.

What is the fair value of FWRG stock?

You can check FWRG's fair value in chart for subscribers. The fair value of First Watch Restaurant Group, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of First Watch Restaurant Group, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FWRG so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is First Watch Restaurant Group, Inc. a good stock to buy?

The fair value guage provides a quick view whether FWRG is over valued or under valued. Whether First Watch Restaurant Group, Inc. is cheap or expensive depends on the assumptions which impact First Watch Restaurant Group, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FWRG.

What is First Watch Restaurant Group, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, FWRG's PE ratio (Price to Earnings) is 24.79 and Price to Sales (PS) ratio is 1.24. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FWRG PE ratio will change depending on the future growth rate expectations of investors.