NASDAQ: FWRG
First Watch Restaurant Group Inc Stock

$12.18-0.21 (-1.69%)
Updated Mar 20, 2026
FWRG Price
$12.18
Fair Value Price
$6.20
Market Cap
$744.66M
52 Week Low
$11.44
52 Week High
$20.55
P/E
38.06x
P/B
1.19x
P/S
0.79x
PEG
3.27x
Dividend Yield
N/A
Revenue
$1.22B
Earnings
$19.43M
Gross Margin
20.2%
Operating Margin
2.36%
Profit Margin
1.6%
Debt to Equity
1.78
Operating Cash Flow
$126M
Beta
1.15
Next Earnings
May 12, 2026
Ex-Dividend
N/A
Next Dividend
N/A

FWRG Overview

First Watch Restaurants, Inc. owns Sun & Fork by First Watch, a fast-casual café concept located in Nashville, TN. Known as AI Fresh Super Holdco, Inc. until 2019, First Watch Restaurant Group was founded in 1983 and is based in Bradenton, FL.

Zen Rating

Our proven quant model uses 115 proprietary factors, including AI, to determine FWRG's potential to beat the market

CHold
  • Stocks with a Zen Rating of Hold (C) had an average return of +7.53% per year. Learn More

Zen Rating Component Grades

C
Zen Rating uses advanced AI algorithms that detect subtle patterns in market data; it anticipates future trends that point to superior stock price results.

Industry: Restaurant

Industry Rating
F
FWRG
Ranked
#29 of 39

Top Ranked Stocks in Industry

View Top Restaurant Stocks

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FWRG News

Overview

Due Diligence Score

Industry Average (28)
You've viewed Due Diligence Score for 10/10 free stocks. Upgrade to Premium to see how FWRG scored across 33 valuation, financial, forecast, performance, and dividend due diligence checks.

Due Diligence Checks

FWRG ($12.18) is overvalued by 96.51% relative to our estimate of its Fair Value price of $6.20 based on Discounted Cash Flow (DCF) modelling
Below Fair Value Valuation
FWRG ($12.18) is not significantly undervalued (96.51%) relative to our estimate of its Fair Value price of $6.20 based on Discounted Cash Flow (DCF) modelling, when including a healthy margin of safety
Significantly Below Fair Value Valuation
FWRG ($12.18) is trading above... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation
There are 30 more FWRG due diligence checks available for Premium users.

Valuation

FWRG fair value

Fair Value of FWRG stock based on Discounted Cash Flow (DCF)

Price
$12.18
Fair Value
$6.20
Overvalued by
96.51%
FWRG ($12.18) is overvalued by... subscribe to Premium to read more.
Below Fair Value Valuation
FWRG ($12.18) is not significantly... subscribe to Premium to read more.
Significantly Below Fair Value Valuation
FWRG ($12.18) is trading above... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation

FWRG price to earnings (PE)

For valuing profitable companies with steady earnings

Company
38.06x
Industry
38.26x
Market
30.56x
FWRG is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
FWRG is poor value based... subscribe to Premium to read more.
P/E vs Market Valuation

FWRG price to book (PB)

For valuing companies that are loss-making or have lots of physical asset

Company
1.19x
Industry
61.29x
FWRG is good value based... subscribe to Premium to read more.
P/B vs Industry Valuation

FWRG price to earnings growth (PEG)

For valuing profitable companies with growth potential

FWRG is poor value relative... subscribe to Premium to read more.
PEG Value Valuation

FWRG's financial health

Profit margin

Revenue
$316.4M
Net Income
$15.2M
Profit Margin
4.8%
FWRG's cash and short-term investments... subscribe to Premium to read more.
Interest Coverage Financials
FWRG's profit margin has decreased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$1.7B
Liabilities
$1.1B
Debt to equity
1.78
FWRG's short-term liabilities ($167.50M) exceed... subscribe to Premium to read more.
Short-term Liabilities Financials
FWRG's long-term liabilities ($948.25M) exceed... subscribe to Premium to read more.
Long-term Liabilities Financials
FWRG's debt relative to shareholder... subscribe to Premium to read more.
Shrinking Debt Financials
FWRG's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
$18.5M
Investing
-$38.0M
Financing
$20.1M
FWRG's cash and short-term investments... subscribe to Premium to read more.
Debt Coverage Financials

FWRG vs Restaurant Stocks

TickerZen RatingMarket Cap1d %P/EP/B
FWRGC$744.66M-1.69%38.06x1.19x
BJRIC$743.17M-0.23%15.79x2.03x
BRCBC$749.84M-8.21%N/A16.42x
BHC$704.77M-1.57%-2.14x1.35x
KRUSF$677.27M-5.25%-174.75x2.95x

First Watch Restaurant Group Stock FAQ

What is First Watch Restaurant Group's quote symbol?

(NASDAQ: FWRG) First Watch Restaurant Group trades on the NASDAQ under the ticker symbol FWRG. First Watch Restaurant Group stock quotes can also be displayed as NASDAQ: FWRG.

If you're new to stock investing, here's how to buy First Watch Restaurant Group stock.

What is the 52 week high and low for First Watch Restaurant Group (NASDAQ: FWRG)?

(NASDAQ: FWRG) First Watch Restaurant Group's 52-week high was $20.55, and its 52-week low was $11.44. It is currently -40.73% from its 52-week high and 6.47% from its 52-week low.

How much is First Watch Restaurant Group stock worth today?

(NASDAQ: FWRG) First Watch Restaurant Group currently has 61,138,143 outstanding shares. With First Watch Restaurant Group stock trading at $12.18 per share, the total value of First Watch Restaurant Group stock (market capitalization) is $744.66M.

First Watch Restaurant Group stock was originally listed at a price of $22.13 in Oct 1, 2021. If you had invested in First Watch Restaurant Group stock at $22.13, your return over the last 4 years would have been -44.96%, for an annualized return of -13.87% (not including any dividends or dividend reinvestments).

How much is First Watch Restaurant Group's stock price per share?

(NASDAQ: FWRG) First Watch Restaurant Group stock price per share is $12.18 today (as of Mar 20, 2026).

What is First Watch Restaurant Group's Market Cap?

(NASDAQ: FWRG) First Watch Restaurant Group's market cap is $744.66M, as of Mar 23, 2026.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

First Watch Restaurant Group's market cap is calculated by multiplying FWRG's current stock price of $12.18 by FWRG's total outstanding shares of 61,138,143.
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