FWRG - First Watch Restaurant Group, Inc. Stock Analysis

Stock Taper

OPPORTUNITY RADAR SCREENER COMPARE ANY 2 STOCKS

FWRG

FIRST WATCH RESTAURANT GROUP, INC.

NASDAQ

$10.50

▼ DOWN 1.04% (-0.11)

KEY STATISTICS

Market Cap$647.98 M

52w High$18.82

52w Low$9.88

Dividend Yield—

Frequency—

P/E36.21

Volume1.80M

Shares Out.61.71M

COMPANY

LEADERSHIP

CHIEF EXECUTIVE

Christopher A. Tomasso

COMPENSATION 2026

Salary$932,793

Stock Awards$9,576,365

Incentive Plan Pay$963,610

All Other Comp.$50,382

Total$11,523,150

ABOUT

SECTOR

Consumer Cyclical

WENT PUBLIC

October 1, 2021

METHOD OF GOING PUBLIC

IPO

FULL TIME EMPLOYEES

18,000

PRICE TARGET

Target High$15.00

Target Low$14.00

Target Median$14.50

Target Consensus$14.50

UPCOMING EARNINGS

DateNov 3, 2026

DayTuesday

Rev. Est.$349.90M

NOV

TUE

ETFS HOLDING THIS STOCK

ETFS HOLDING

115

LISTED HERE

RANKED BY POSITION SIZE

INSTITUTIONAL OWNERSHIP

SHARES OWNED

53.69%

HOLDERS

288

TOP 8 OF 288 · RANKED BY POSITION SIZE

Fmr LLC

5.4M sh

$81.42M

Advent International Corp/Ma

Bank Of New York Mellon Corp

4.0M sh

$41.48M

Manufacturers Life Insurance Company, The

3.8M sh

$49.29M

Neuberger Berman Group LLC

Millennium Management LLC

3.2M sh

$33.87M

PRICE

$10.50 ▼ DOWN 1.04% (−$0.11)

About First Watch Restaurant Group, Inc.

https://www.firstwatch.com ↗

First Watch Restaurant Group, Inc., founded in 1983 and headquartered in Bradenton, Florida, operates and franchises 435 restaurants across 28 U.S. states under the First Watch name.

INDUSTRY

Restaurants

A PRODUCT FIRST WATCH RESTAURANT GROUP, INC. IS KNOWN FOR

Chimichurri Steak & Eggs Hash

First Watch's new 2026 seasonal menu addition features seared steak in a potato hash with spinach, peppers, onions, eggs, feta, and chimichurri, highlighting their focus on innovative, protein-forward brunch options.

COMPETITORS

COMPETITOR

First Watch Restaurant Group in 2025

SENTIMENT: + POSITIVE

EARNINGS · NOVEMBER 2025

First Watch Reports Strong Q3 2025 Results with Significant Revenue and Sales Growth, Boosting Investor Confidence Despite Mixed EPS

First Watch Restaurant Group announced impressive third-quarter 2025 financial results, showcasing a 25.6% increase in total revenues to $316.0 million and a 7.1% growth in same-restaurant sales. This strong performance, which also included a 2.6% increase in same-restaurant traffic, led the company to update its full-year guidance, signaling confidence in its continued growth trajectory and business model. While the earnings per share (EPS) of $0.05 fell slightly short of analysts' forecasts, the robust top-line growth and positive outlook captured significant attention from investors and analysts.

MARKET EXPANSION · 2025 · IN PROGRESS

First Watch Accelerates Nationwide Expansion with Plans for 60+ New Restaurants in 2025, Entering New States and Targeting 2,200 Long-Term Locations

First Watch significantly accelerated its growth strategy in 2025, with plans to open between 60 and 64 new restaurants, representing an approximate 11% increase in system-wide locations. [10] This intentional expansion includes entering new states such as Massachusetts, Idaho, and Nevada, a key part of its long-term vision to grow from over 580 to 2,200 restaurants nationwide. [4, 6, 14]