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Buy Day today: Neutral (53) Mixed market breadth · no major macro event

First Watch Restaurant Group Inc (FWRG)

Consumer Cyclical Restaurants
12.90 $
-3.7% vs. previous close
Closing price · As of: 31. Jul 2026
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Appears in These Scanners

This stock currently matches 3 of our scanner strategies — each hit links to the scanner.

Quality & Balance Sheet
Risk & Weakness

Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners

Basics

Market Cap
0.8$B
Shares Outstanding
62Mio.
Float
93.2%
Beta
1.0

Performance

Perf. 1M
10.90%
Perf. 3M
25.80%
Perf. 6M
-17.90%
YTD Performance (%)
-26.10%
52-Week-High Distance
-37.5%
Perf. 1Y
-22.46%
Perf. 3Y
-30.70%
Perf. 5Y
-45.41%

Valuation

P/E
46.5
Forward P/E
63.7
PEG
P/B
1.3
P/S
0.6
EV/EBITDA
16.8
Price/FCF

Profitability

Gross Margin
20.7%
EBIT Margin
Net Margin
1.4%
Return on Equity
2.9%
Return on Assets
1.3%

Balance Sheet & Safety

Equity Ratio
Debt/Equity
1.6
Altman Z″
3.40
Piotroski
4 out of 9

Growth

Sales Growth Last Quarter
17.30%
EPS Growth Last Quarter
Sales Growth (Year)
20.34%
Forward Sales Growth
12.40%
Forward EPS Growth
46.80%

Dividend

This stock currently pays no dividend.

Quality & Screener

Stage
4
RS Rating
13
Top 10%
EPS Rating
98
Piotroski
4 out of 9
Fundamental Rating
B (69 out of 100)
Altman Z″
3.40

AI Rating

Not yet rated — we only show a category once an SEC-backed file with at least two cited passages is available. How the Rating Is Built

Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.

Analysts & Price Target

Current Price 12.90 $
Price Target (average) 19.45 $

The price target sits 50.8% above the current price.

Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.

Next Reporting Date

4. Aug 2026 · before the open · Q2 2026
Expected Earnings per Share
0.06 $

Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.

Sales Per Quarter ($M)
2024: Q4 · 263.3 $M Q4 2025: Q1 · 282.2 $M Q1 2025: Q2 · 307.9 $M Q2 2025: Q3 · 316.0 $M Q3 2025: Q4 · 316.4 $M Q4 2026: Q1 · 331.0 $M Q1
Earnings Per Share Per Quarter ($)
2024: Q4 · 0.01 $ Q4 2025: Q1 · -0.04 $ Q1 2025: Q2 · 0.03 $ Q2 2025: Q3 · 0.05 $ Q3 2025: Q4 · 0.24 $ Q4 2026: Q1 · -0.04 $ Q1
Net Margin Per Quarter (%)
2024: Q4 · 0.3 % Q4 2025: Q1 · -0.8 % Q1 2025: Q2 · 0.7 % Q2 2025: Q3 · 0.9 % Q3 2025: Q4 · 4.8 % Q4 2026: Q1 · -0.8 % Q1
Operating Cash Flow Per Quarter ($M)
2024: Q4 · 22.9 $M Q4 2025: Q1 · 20.1 $M Q1 2025: Q2 · 39.4 $M Q2 2025: Q3 · 47.9 $M Q3 2025: Q4 · 18.5 $M Q4 2026: Q1 · 34.5 $M Q1
Free Cash Flow Per Quarter ($M)
2024: Q4 · -17.8 $M Q4 2025: Q1 · -16.4 $M Q1 2025: Q2 · -2.0 $M Q2 2025: Q3 · 5.0 $M Q3 2025: Q4 · -17.6 $M Q4 2026: Q1 · 5.1 $M Q1
Sales Growth vs. Year-Ago Quarter (%)
2024: Q4 · 7.6 % Q4 2025: Q1 · 16.4 % Q1 2025: Q2 · 19.1 % Q2 2025: Q3 · 25.6 % Q3 2025: Q4 · 20.2 % Q4 2026: Q1 · 17.3 % Q1
EPS Growth vs. Year-Ago Quarter (%)
2024: Q4 · -73.8 % Q4 2025: Q1 · -132.0 % Q1 2025: Q2 · -76.4 % Q2 2025: Q3 · 39.4 % Q3 2025: Q4 · 2,051.9 % Q4
Price Change in Quarter (%)
2024: Q4 · 19.3 % Q4 2025: Q1 · -10.5 % Q1 2025: Q2 · -3.7 % Q2 2025: Q3 · -2.5 % Q3 2025: Q4 · -3.6 % Q4 2026: Q1 · -30.5 % Q1

Quarterly Figures

Quarterly Figures
Quarter EPS (Earnings Per Share) EPS YoY (%) Sales ($M) Sales YoY (%) Net Margin (%) OCF ($M) FCF ($M)
2024: Q4 0.01 -73.80 263 7.60 0.30 23 -18
2025: Q1 -0.04 -132.00 282 16.40 -0.80 20 -16
2025: Q2 0.03 -76.40 308 19.10 0.70 39 -2
2025: Q3 0.05 39.40 316 25.60 0.90 48 5
2025: Q4 0.24 2,051.90 316 20.20 4.80 19 -18
2026: Q1 -0.04 331 17.30 -0.80 35 5
What Do These Terms Mean?
EPS (Earnings Per Share):
Quarterly profit divided by the total share count — how much of the profit works out to a single share.
YoY (Year over Year):
Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
Sales:
All revenue for the quarter, before any costs are deducted — the top line of the income statement.
Net Margin:
What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
OCF (Operating Cash Flow):
The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
FCF (Free Cash Flow):
Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.

About the Company

First Watch Restaurant Group, Inc. betreibt und franchisiert über seine Tochtergesellschaften Restaurants unter dem Markennamen First Watch in den USA.

Employees17,500
HeadquartersBradenton, FL
Websitefirstwatch.com
IPO Date1. Oct 2021

Management

Management
Name Title Birth Year
Christopher A. Tomasso CEO, President & Director 1971
Jay Anthony Wolszczak Chief Legal Officer, General Counsel & Secretary 1969
Laura Anne Sorensen Chief People Officer 1973
Eric Richard Hartman Executive VP & Chief Development Officer 1973
Ashlee Weisser CFO & Principal Accounting Officer 1983
Robert Conti Chief Information Officer 1970
Steven Louis Marotta C.F.A. Vice President of Investor Relations
Shane Schaibly Senior Vice President of Culinary Strategy of First Watch Restaurants Inc 1983
Lilah Rippett Senior Vice President of Supply Chain of First Watch Restaurants, Inc 1959
Matt Eisenacher Chief Brand Officer 1980

Executives per the latest required filings; titles kept in their original language. Source: fundamental data.

Chart

Interactive price chart (TradingView).

Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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