• Basic Membership Access to Journal, Shadow Stock portfolio & monthly updates for stock screens
  • A+ Investor Full access to AAII.com, Journal, and a power data suite for investment ideas
  • AAII Platinum Full access to all of AAII's model portfolios and premium services at a significant discount
  • Dividend Investing Newsletter and model portfolio that focuses on dividend growth
  • AAII Growth Investing Find secular growth stocks poised for outperformance regardless of macroeconomic conditions.
  • Retirement Investing Discover trusted strategies for every stage of retirement. Get actionable insights and resources for smart retirement planning.
  • Sentiment Investing A research-driven newsletter with 10+ signals decoding sentiment across retail and institutional behavior.
  • Stock Superstars Report Get stock ideas inspired by the market's leading professionals
  • VMQ Stocks For the value investor looking to harness academic research in an actively managed portfolio
  • Bits and Bips Newsletter delivering insights on linking traditional finance, macro trends and cryptocurrency opportunities to help investors build stronger, more diversified portfolios.
All premium products come with free basic membership.
Explore All Membership Options
Join Now

Stock Evaluator: First Watch Restaurant Group, Inc. (FWRG)

First Watch Restaurant Group, Inc. FWRG

$12.88 0.25 1.94%
August 21, 2026 1:00:39 PM EST November 10, 2021 Volume: 235,382
After Hours: $120.37   0.15  |  0.12% November 10, 2021 7:59 PM EST Volume: 72,713
USD NASD | DELAYED PRICE
SECTOR INDUSTRY
Consumer Discretionary Hotels, Restaurants & Leisure

A+ Stock Grade Summary:

VALUE:
GROWTH:
MOMENTUM:
EPS REVISIONS:
QUALITY:
COMPANY SUMMARY
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.

Commentary & Analysis

Financial Summary

Share Statistics FWRG Industry
Median		 Percentile
(All Stocks)
Market Cap (Mil) $779.1 $2,254.4 41%
Shares Out (Mil) 62.3 78.5 53%
Institutional Ownership 98.5% 82.4% 79%
Float (Mil) 60.8 69.3 52%
Beta 1.03 0.98 63%
Avg Daily Volume (000s) 1,065 490 71%
Price Change
(52-week)		 (26.9%) 77.3% 25%
Growth FWRG Industry
Median		 Percentile
(All Stocks)
Sales (5yr) 29.0% 18.9% 89%
Net Income (5yr) 19.0% 20.1% 72%
EPS (5yr) 17.9% 20.9% 64
Dividends (5yr) 0.0% 0.0% 0%
Cash Flow (5yr) (18.4%) (15.8%) 37%
Estimates Qtrly Current
Fiscal
Year		 Next
Fiscal
Year
# of Estimates 10 7 10
Current EPS $0.047 $0.167 $0.254
Month Ago EPS $0.069 $0.171 $0.267
# Rev Up 1 1 0
# Rev Down 0 1 1
Three Months Ago EPS $0.068 $0.182 $0.269
Year/Year Chg 23.7% (46.1%) 17.1%
Financials FWRG Industry
Median		 Percentile
(All Stocks)
Sales (TTM) (Mil) $1,318 $1,894 54%
Net Income (TTM) (Mil) $18 $66 48%
EPS (TTM) $0.291 $0.500 49%
Operating Cash Flow (TTM) (Mil) $128 $246 54%
Net Cash Flow (TTM) (Mil) $1 $0 46%
Long-Term Debt (Q1) (Mil) $979 $1,400 66%
Enterprise Value (Q1) (Mil) $1,843 $4,217 48%
Valuation FWRG Industry
Median		 Percentile
(All Stocks)
P/B 1.23 3.00 30%
P/E 44.6 24.2 82%
Dividend Yield 0.0% 0.0% 0%
PEG (5yr hist) 2.5 1.0 73%
Ratios FWRG Industry
Median		 Percentile
(All Stocks)
Gross Margin 20.6% 42.5% 22%
Net Margin 1.4% 4.5% 36%
ROA 1.0% 3.3% 46%
ROE 2.9% 8.1% 40%
Liabilities to Assets 65.2% 75.1% 60%
F-Score 8 6 93%

First Watch Restaurant Group, Inc. did not pass any screens on 8/20/2026.

Price and market data provided by QuoteMedia and delayed a minimum of 15 minutes unless otherwise indicated. Fundamental data provided by AAII's Stock Investor Pro and S&P Global Market Intelligence and are updated through the previous trading day.

Ⓒ 2026 American Association of Individual Investors