How to Buy First Watch Restaurant Group Stock
First Watch Restaurant Group Inc
First Watch Restaurant Group, Inc. operates and franchises restaurants under the First Watch trade name.
First Watch Restaurant Group stock last closed at $18.13, up 1.68% from the previous day, and has increased 13.67% in one year. It has underperformed other stocks in the Restaurants industry by 0.15 percentage points. First Watch Restaurant Group stock is currently +45.62% from its 52-week low of $12.45, and -4.33% from its 52-week high of $18.95.
There are currently 59.36M shares of FWRG outstanding. The market capitalization of FWRG is $1.08B. In the past 24 hours, 275,600 FWRG shares were traded.
How to Buy First Watch Restaurant Group Stock
Wondering how to invest in First Watch Restaurant Group stock? Here's how.
- Choose where to buy First Watch Restaurant Group stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you figure out where to buy First Watch Restaurant Group stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your brokerage account: Choose your payment method and add your info.
- Analyze First Watch Restaurant Group stock: The First Watch Restaurant Group ticker symbol is FWRG. Is First Watch Restaurant Group stock a good investment? Should you buy shares of FWRG? How do FWRG's underlying business fundamentals look? Do top analysts think First Watch Restaurant Group is a good buy? Why has FWRG's stock price moved recently? (Hint: Our stock market analysis website can help you understand if FWRG is a good stock to buy).
- Make your FWRG purchase: Decide if you will purchase FWRG shares at the current market price or use a limit order to purchase FWRG stock at a specific price.
- Keep an eye on your FWRG investment: Create a watchlist to important notifications about your position in First Watch Restaurant Group stock.
Step 1: Choose where to buy First Watch Restaurant Group stock
You need an online brokerage account in order to access the NASDAQ market and buy FWRG stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked your brokerage, you'll need to fill out some personal information so you can invest in FWRG today.
How to Create a New Account on eToro
- Click here to get started.
- Enter your personal data to create a new brokerage account.
- Submit your info by hitting the "Create Account" button.
Step 3: Deposit money your brokerage account
Now that you've finished signing up on the highest rated stock app, you need to deposit funds:
Check out the video below for more details transferring money into your investment account.
Step 4: Analyze First Watch Restaurant Group stock
Once you have selected the best place to buy First Watch Restaurant Group stock, it's very important to analyze their stock prior to investing, so you can understand the risk and opportunity.
First Watch Restaurant Group shares quick numbers
First Watch Restaurant Group Zen Score
WallStreetZen was designed to help everyday investors perform more accurate fundamental analysis quickly.
You can view all of the due diligence checks on FWRG's stock page.
What is the fair value of FWRG stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge FWRG's true value.
Using relative valuations metrics:
- FWRG may be overvalued based on its P/E ratio of 90.65x, relative to Restaurants industry P/E ratio of 27.24x
- FWRG could be undervalued based on its P/B ratio of 2.01x, relative to Restaurants industry P/B ratio of -551.29x
- FWRG could be overvalued based on its PEG ratio of 3.64x
You can do additional valuation research on FWRG's stock here.
A look at FWRG Cashflows and Balance Sheet
Positive Financial Indicators:
- FWRG profit margin has gone up from 0.7% to 1.5% in the past year.
Negative Financial Indicators:
- FWRG's operating cash flow of $76.09M allows it to safely service it's debt of $511.10M.
- There are more long-term liabilities than short-term assets on the FWRG balance sheet.
- FWRG earnings of $25.73M is not enough to cover its interest payments.
- There are more short-term liabilities than short-term assets on the FWRG balance sheet.
- FWRG has a relatively high debt to equity ratio of 1.09.
Is it a good time to buy FWRG stock, according to Wall Street analysts?
Out of 4 Equities analysts who give forecasts on FWRG, the consensus analyst rating on First Watch Restaurant Group is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Most Recent FWRG Analyst Recommendations
Andrew Charles, a top 12% analyst from TD Cowen maintains FWRG with a hold rating and raises their FWRG price target from $18.00 to $19.00, on May 31, 2023.
Jon Tower, a top 8% analyst from Citigroup maintains FWRG with a strong buy rating and raises their FWRG price target from $20.00 to $22.00, on May 3, 2023.
Jeffrey A. Bernstein, a top 6% analyst from Barclays maintains FWRG with a strong buy rating and raises their FWRG price target from $19.00 to $21.00, on May 3, 2023.
Maintaining his Strong Buy rating, Bernstein raised his price target on First Watch Restaurant Group Inc. by 10.5% following the release of the company's Q1 2023 earnings report on 2023/05/02.
The company's "Q1 comp" came in ahead of expectations, driven by "same-restaurant traffic growth and check," the analyst reported, adding that management also updated its FY 2023 guidance "in the face of lowered to-go sales."
For Q1 2023, First Watch Restaurant Group reported:
- EPS of $0.15, which beat the Zacks Consensus Estimate of $0.09 and, by 87.5%, Q1 2022's $0.08.
- Revenue of $211.41M, which was roughly in line with the Zacks Consensus Estimate and beat Q1 2022's $173.11M by 22.1%.
- Adjusted EBITDA of $27.4M.
- Same-restaurant sales growth of 12.9%.
- Opened 10 new restaurants.
Management guided for FY 2023:
- Y/Y revenue growth of 16% to 20%.
- Adjusted EBITDA of $80M to $85M.
- Same-restaurant sales growth of 6% to 8%.
- Total of 45 to 51 new restaurants.
- Capex of $100M to $110M.
CEO Chris Tomasso commented, “First Watch delivered yet another strong quarter. Most notably, we continued to differentiate ourselves by driving traffic share with disciplined operational execution as evidenced by our Q1 Restaurant-Level Operating Profit margin of 21.2% and Adjusted EBITDA of $27.4M.
“Despite an increasingly fragile consumer environment, our Q1 performance reaffirms my continued confidence in First Watch’s leadership position and our strong consumer value proposition.”
Brian Vaccaro, a top 1% analyst from Raymond James maintains FWRG with a buy rating and lowers their FWRG price target from $23.00 to $22.00, on Mar 8, 2023.
You can dig deeper into what analysts are forecasting on the First Watch Restaurant Group stock forecast page.
FWRG Momentum
FWRG Performance Metrics
Last year, FWRG earnings were $11.63M. In the last 1 years, FWRG's earnings have gone up by 150% per year. This was faster than the Restaurants industry average of 7.76%.
Last year, FWRG revenue was $768.46M. During the past one years, FWRG's revenue has gone up by 18.75% per year. This was faster than the Restaurants industry average of 6.48%.
Learn more about FWRG's earnings and revenue performance here.
What are FWRG executives and large shareholders up to?
Over the last 12 months, insiders at FWRG have sold more shares than they have bought.
Advent International Corp, 10% Owner of FWRG, was the latest FWRG insider to sell. They sold $62,266,750.00 worth of FWRG shares on May 18, 2023.
Learn more about who owns FWRG shares here.
Does FWRG stock generate passive income?
No, First Watch Restaurant Group doesn't provide an income stream by paying out dividends.
FWRG Social Trading Data
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Step 5: Make your FWRG purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount limit, use a limit order.
Hit the Open Trade button and eToro will execute your order.
If you need more help buying stocks on eToro, click the how to video below:
Step 6: Keep an eye on your FWRG investment
Now that you own some FWRG shares, you'll want to keep up with your new stock purchase.
Put FWRG on a watchlist to get alerted to the latest events about your FWRG stock.
FWRG Feed
How to Buy Stock in First Watch Restaurant Group
To reiterate, here are the 6 steps you need to take to buy First Watch Restaurant Group stock right now:
- Choose where to buy First Watch Restaurant Group stock
- Sign up for a brokerage account
- Deposit money your brokerage account
- Analyze First Watch Restaurant Group stock
- Make your FWRG purchase
- Keep an eye on your FWRG investment
If you are looking for a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep an eye on your investment in First Watch Restaurant Group, hit the button below to create your watchlist.
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