FWRG · First Watch Restaurant Group, Inc.
First Watch Restaurant Group Inc (FWRG)
What's happening
- FWRG is down 7.01% today, trading at $11.13. — Live quote
- Volume today (163,011) is well below its 3-month average of 1,237,100. (Finnhub fundamentals)
- Reports earnings on 2026-11-09, 18 days away. (Finnhub earnings calendar)
- Last quarter's EPS missed estimates: $0.04 actual vs. $0.05 estimated (-12.7%). (Finnhub earnings history)
Deterministic template sentences filled in from the same sourced figures shown elsewhere on this page -- not an AI-written summary, no live model call.
Key Statistics
Analyst Recommendations
Aggregate ratings for 2026-10-01 (16 analysts polled by Finnhub) — consensus count.
Performance Overview (Trailing returns vs S&P 500 benchmark)
Earnings Trends (Quarterly EPS Actual vs Estimate)
Valuation Measures & Ratios
Quarterly history (5 periods)
| Measure | Jun '26 | Mar '26 | Sep '25 | Jun '25 | Mar '25 |
|---|---|---|---|---|---|
| Market cap | $746.1M | $692.7M | $958.9M | $1.13B | $1.40B |
| P/E | 157.05 | 437.61 | 150.30 | 92.03 | 80.25 |
| Price/Sales | 0.57 | 0.56 | 0.83 | 1.03 | 1.35 |
| Price/Book | 1.18 | 1.10 | 1.58 | 1.88 | 2.34 |
| EV/Revenue | 0.55 | 0.54 | 0.81 | 1.01 | 1.33 |
| ROE | 0.75% | 0.25% | 1.05% | 2.04% | 2.92% |
| ROA | 0.26% | 0.09% | 0.37% | 0.73% | 1.13% |
Trailing-twelve-month ratios computed from SEC EDGAR quarterly figures and historical daily close prices (Alpaca). Diluted shares are derived from Net income ÷ EPS (diluted) for each quarter, not separately reported. Forward P/E/PEG unavailable (no free data source).
Glossary — what these abbreviations mean
- 1. TTM
- Trailing twelve months — the sum of the last four reported quarters, not a calendar year or the single latest quarter.
- 2. EPS
- Earnings per share — net income divided by diluted shares outstanding.
- 3. Beta
- A stock's historical volatility relative to the overall market. Above 1 means it has moved more than the market; below 1, less.
- 4. EV (Enterprise Value)
- Market cap plus total debt minus cash — roughly what it would cost to buy the whole company, debt included.
- 5. Forward P/E
- Price divided by analysts' estimated earnings for the next 12 months, instead of trailing actual earnings.
- 6. PEG Ratio
- P/E divided by expected earnings growth rate. A lower number can indicate a stock is cheap relative to how fast it's expected to grow.
- 7. Price / Book
- Share price divided by book value (assets minus liabilities) per share.
- 8. ROE
- Return on equity — net income divided by shareholders' equity, a measure of how efficiently a company turns equity into profit.
- 9. ROA
- Return on assets — net income divided by total assets, a measure of how efficiently a company turns assets into profit.
- 10. MRQ
- Most recent quarter — the single latest reported period, as opposed to TTM. The Financials section's "Quarterly" view below shows MRQ-style figures.
- 11. YoY
- Year over year — percent change versus the same period one year earlier, used for growth figures like those on Compare cards and the Screener.
Short Interest
Source: FINRA Rule 4560 consolidated short interest, settlement date 2026-09-30. Reported bi-monthly with a reporting lag — not real-time.
Quotes and the 1-day extended-hours chart: Yahoo Finance. Longer historical charts: Alpaca (IEX feed) — real-time but IEX-only volume (~2.5% of consolidated market volume). Fundamentals + earnings: Finnhub.
Price history
Drag horizontally to zoom into a section; use Reset view to restore all observations.
Technical signal summary
Calculating from the latest year of daily price history…
Show Technical Analysis Breakdown ▾ 10 Indicators
Not investment advice — read several signals together.
Indicators None active
History limited by data provider; markers are heuristics, not signals.
Peer and sector context
Balanced evidence
A deterministic summary of sourced facts—not an AI verdict.
Potential strengths
- Revenue growth is 15.2% on the provider's reported measure. Finnhub fundamentals ↗
- Latest SEC filing is Form 8-K, filed 2026-08-04; review it for current changes and risks. SEC EDGAR ↗
Potential concerns
- Net profit margin is 1.4%. Finnhub fundamentals ↗
- Trailing 52-week price return is -33.8%. Finnhub market metrics ↗
- Trailing P/E is 41.5, a high price relative to reported earnings. Finnhub fundamentals ↗
Rule-based facts only; absence from either side is not evidence, and this is not a recommendation.
More on FWRG
No accessible free API for these — links go to the source directly.
Financials
Fundamental trends
Visualized from the same SEC figures in the tables below.
Income statement
| Line item | Jun '26 | Mar '26 | Sep '25 | Jun '25 | Mar '25 | Sep '24 | Jun '24 | Mar '24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $354.7M | $331.0M | $316.0M | $307.9M | $282.2M | $251.6M | $258.6M | $242.4M |
| Operating income | $8.1M | $999.0K | $10.1M | $7.3M | $1.1M | $6.3M | $16.4M | $12.3M |
| Net income | $2.3M | -$2.7M | $3.0M | $2.1M | -$829.0K | $2.1M | $8.9M | $7.2M |
| EPS (diluted) | $0.04 | $-0.04 | $0.05 | $0.03 | $-0.01 | $0.03 | $0.14 | $0.12 |
| EPS (basic) | $0.04 | $-0.04 | $0.05 | $0.03 | $-0.01 | $0.03 | $0.15 | $0.12 |
| Operating margin | $2 | $0 | $3 | $2 | $0 | $3 | $6 | $5 |
| Net margin | $1 | -$1 | $1 | $1 | -$0 | $1 | $3 | $3 |
Balance sheet
| Line item | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $1.82B | $1.77B | $1.74B | $1.72B | $1.68B | $1.54B | $1.51B | $1.48B |
| Total liabilities | $1.19B | $1.15B | $1.12B | $1.11B | $1.07B | $947.8M | $919.0M | $895.8M |
| Stockholders' equity | $634.2M | $627.7M | $626.3M | $607.3M | $601.3M | $596.3M | $595.4M | $589.1M |
| Total current assets | $47.5M | $51.6M | $49.1M | $43.7M | $42.9M | $44.3M | $55.9M | $73.0M |
| Total current liabilities | $177.9M | $177.5M | $167.5M | $176.8M | $158.3M | $141.8M | $138.5M | $134.0M |
| Cash & equivalents | $20.5M | $23.6M | $21.2M | $20.7M | $19.2M | $18.6M | $33.3M | $51.1M |
| Accounts receivable | $6.8M | $6.0M | $6.9M | $5.5M | $5.5M | $6.0M | $7.2M | $4.9M |
| Inventory | $7.8M | $7.1M | $7.2M | $6.5M | $6.8M | $6.2M | $6.1M | $5.3M |
| Other current assets | $1.9M | $2.5M | $5.9M | $4.3M | $3.1M | $2.8M | $2.2M | $4.2M |
| Property, plant & equipment | — | — | — | — | — | — | — | — |
| Goodwill | $420.2M | $420.2M | $420.2M | $420.2M | $420.2M | $398.6M | $398.6M | $398.6M |
| Intangible assets | $170.8M | $172.6M | $174.9M | $177.2M | $179.1M | $166.0M | $167.6M | $169.3M |
| Other non-current assets | $6.8M | $5.0M | $4.8M | $4.7M | $4.1M | $3.5M | $3.3M | $3.4M |
| Accounts payable | $10.3M | $9.8M | $8.7M | $7.2M | $7.5M | $7.7M | $7.0M | $6.9M |
| Accrued liabilities | $46.5M | $43.6M | $38.5M | $49.8M | $47.7M | $40.6M | $39.6M | $43.8M |
| Deferred revenue (current) | $4.4M | $4.3M | $6.8M | $2.6M | $3.5M | $3.4M | $5.6M | $2.4M |
| Other non-current liabilities | $8.1M | $6.6M | $5.4M | $5.0M | $4.2M | $3.6M | $3.2M | $3.2M |
| Common stock & paid-in capital | $617.0K | $616.0K | $611.0K | $610.0K | $610.0K | $610.0K | $607.0K | $606.0K |
| Retained earnings | -$34.7M | -$37.1M | -$34.4M | -$49.6M | -$52.5M | -$54.7M | -$53.8M | -$54.5M |
| Accumulated other comprehensive income (loss) | -$305.0K | -$541.0K | -$1.1M | -$1.1M | -$1.2M | -$1.1M | -$441.0K | -$2.5M |
Cash flow
| Line item | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $27.4M | $34.5M | $18.5M | $47.9M | $39.4M | $20.1M | $22.9M | $35.9M |
| Investing cash flow | -$41.0M | -$29.5M | -$38.0M | -$42.9M | -$96.2M | -$36.6M | -$40.7M | -$30.6M |
| Financing cash flow | $10.5M | -$2.6M | $20.1M | -$3.4M | $57.4M | $1.8M | -$7.0K | $475.0K |
| Free cash flow | -$13.1M | $5.1M | -$18.3M | $5.4M | -$1.7M | -$16.4M | -$17.7M | $6.8M |
| Capital expenditures | $40.5M | $29.3M | $36.8M | $42.5M | $41.1M | $36.5M | $40.6M | $29.1M |
| Share-based compensation | $3.7M | $3.4M | $2.8M | $2.9M | $2.8M | $2.3M | $2.1M | $2.1M |
| Deferred income taxes | $396.0K | -$1.4M | -$11.8M | $2.3M | $731.0K | -$1.2M | -$674.0K | $897.0K |
| Change in accounts receivable | $782.0K | -$828.0K | $1.4M | $22.0K | -$476.0K | -$1.3M | $2.3M | $900.0K |
| Change in inventory | $664.0K | -$37.0K | $688.0K | -$286.0K | $382.0K | $83.0K | $788.0K | -$337.0K |
| Change in accounts payable | $511.0K | $1.1M | $1.5M | -$275.0K | -$187.0K | $732.0K | $87.0K | -$303.0K |
Income statement
| Line item | Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 |
|---|---|---|---|---|---|
| Revenue | $1.22B | $1.02B | $891.6M | $730.2M | $601.2M |
| Operating income | $27.5M | $38.9M | $41.3M | $16.9M | $22.2M |
| Net income | $19.4M | $18.9M | $25.4M | $6.9M | -$2.1M |
| EPS (diluted) | $0.31 | $0.30 | $0.41 | $0.11 | $-0.04 |
| EPS (basic) | $0.32 | $0.31 | $0.43 | $0.12 | $-0.04 |
| Operating margin | $2 | $4 | $5 | $2 | $4 |
| Net margin | $2 | $2 | $3 | $1 | -$0 |
Balance sheet
| Line item | Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 |
|---|---|---|---|---|---|
| Total assets | $1.74B | $1.51B | $1.27B | $1.10B | $1.05B |
| Total liabilities | $1.12B | $919.0M | $705.8M | $581.3M | $542.5M |
| Stockholders' equity | $626.3M | $595.4M | $561.3M | $523.1M | $504.4M |
| Total current assets | $49.1M | $55.9M | $71.2M | $67.3M | $67.7M |
| Total current liabilities | $167.5M | $138.5M | $115.1M | $100.0M | $96.5M |
| Cash & equivalents | $21.2M | $33.3M | $49.6M | $49.7M | $51.9M |
| Accounts receivable | $6.9M | $7.2M | $5.5M | $6.2M | $4.5M |
| Inventory | $7.2M | $6.1M | $5.4M | $5.0M | $4.0M |
| Other current assets | $5.9M | $2.2M | $2.4M | $373.0K | $1.4M |
| Property, plant & equipment | — | — | — | — | $164.7M |
| Goodwill | $420.2M | $398.6M | $359.9M | $345.2M | $345.2M |
| Intangible assets | $174.9M | $167.6M | $151.2M | $143.2M | $143.0M |
| Other non-current assets | $4.8M | $3.3M | $1.7M | $1.3M | $1.3M |
| Accounts payable | $8.7M | $7.0M | $6.3M | $7.6M | $11.1M |
| Accrued liabilities | $38.5M | $39.6M | $35.6M | $22.7M | $15.9M |
| Deferred revenue (current) | $6.8M | $5.6M | $5.5M | $5.2M | $4.7M |
| Other non-current liabilities | $5.4M | $3.2M | $3.0M | $3.4M | $3.2M |
| Common stock & paid-in capital | $611.0K | $607.0K | $599.0K | $592.0K | $590.0K |
| Retained earnings | -$34.4M | -$53.8M | -$72.7M | -$98.1M | -$105.0M |
| Accumulated other comprehensive income (loss) | -$1.1M | -$441.0K | -$667.0K | $0 | — |
Cash flow
| Line item | Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 |
|---|---|---|---|---|---|
| Operating cash flow | $125.9M | $115.7M | $95.3M | $62.9M | $63.0M |
| Investing cash flow | -$213.8M | -$206.7M | -$123.4M | -$63.1M | -$35.7M |
| Financing cash flow | $75.8M | $74.3M | $28.1M | -$2.0M | -$14.3M |
| Free cash flow | -$31.0M | -$12.2M | $12.0M | $718.0K | $27.7M |
| Capital expenditures | $156.9M | $127.9M | $83.3M | $62.2M | $35.3M |
| Share-based compensation | $10.8M | $8.5M | $7.6M | $10.4M | $8.6M |
| Deferred income taxes | -$10.0M | $6.8M | $8.3M | $4.7M | $2.2M |
| Change in accounts receivable | -$376.0K | $1.7M | -$632.0K | $1.7M | $535.0K |
| Change in inventory | $867.0K | $508.0K | $62.0K | $1.0M | $1.1M |
| Change in accounts payable | $1.7M | $637.0K | -$1.3M | -$3.5M | $6.7M |
Source: SEC EDGAR XBRL filings (10-Q/10-K), as originally tagged by the company. Quarterly cash flow is reconstructed by de-cumulating fiscal-year-to-date figures (how cash flow is tagged in 10-Qs); other quarterly lines are reported directly.
Institutional holders
SEC Form 13F filers holding FWRG as of the latest reported quarter. 13F only covers investment managers with $100M+ in assets — this is not a complete ownership picture, and does not include insiders (see Recent SEC filings below) or non-13F-eligible holders.
Insider activity
Directors, officers, and 10%+ owners' reported transactions from SEC Form 4. A filing reports a transaction; it does not by itself explain why it happened.
Source: SEC EDGAR Form 4 filings · checked 25 most recent filings · covers 2026-03-01 to 2026-06-08
Recent transactions
- Most recent: Weisser Ashlee Suzanne (Chief Financial Officer) — Grant / award of 26,595 shares on 2026-06-08.
Deterministic template sentences filled in from the SEC Form 4 figures in the tables below -- not an AI-written summary, no live model call.
Insider purchases & sales, last 6 months
Counts only open-market purchases (code P) and sales (code S) — grants, option exercises, tax withholding, and gifts are excluded since they aren't a market buy/sell decision.
Insider roster
| Name | Title | Most Recent Transaction | Date | Shares |
|---|---|---|---|---|
| Weisser Ashlee Suzanne | Chief Financial Officer | Grant / award | 2026-06-08 | 26,595 |
| Britt Irene Chang | Director | Grant / award | 2026-05-21 | 12,345 |
| FLEISHER MICHAEL D | Director | Grant / award | 2026-05-21 | 12,345 |
| Alvarez Ralph | Director | Grant / award | 2026-05-21 | 17,636 |
| Solheim Jostein | Director | Grant / award | 2026-05-21 | 12,345 |
| Tipograph Rachel K | Director | Grant / award | 2026-05-21 | 12,345 |
| Jemley Charles | Director | Grant / award | 2026-05-21 | 12,345 |
| Lilak Stephanie | Director | Grant / award | 2026-05-21 | 12,345 |
| Kussell William A | Director | Grant / award | 2026-05-21 | 12,345 |
| Jones John Daniel | Chief Operations Officer | Open market sale | 2026-03-17 | 1,697 |
| Hartman Eric Richard | Chief Development Officer | Open market sale | 2026-03-17 | 1,819 |
| Tomasso Christopher Anthony | President and CEO | Open market sale | 2026-03-17 | 25,062 |
| Sorensen Laura Anne | Chief People Officer | Open market sale | 2026-03-17 | 1,697 |
| HOPE H MELVILLE III | CFO and Treasurer | Open market sale | 2026-03-17 | 3,878 |
| Wolszczak Jay Anthony | Chief Legal Officer, GC & Secy | Open market sale | 2026-03-17 | 3,161 |
| Eisenacher Matthew | Chief Brand Officer | Open market sale | 2026-03-17 | 2,760 |
Recent transactions
| Date | Insider | Title | Transaction | Shares | Price |
|---|---|---|---|---|---|
| 2026-06-08 | Weisser Ashlee Suzanne | Chief Financial Officer | Grant / award | 26,595 | $0.00 |
| 2026-05-21 | Britt Irene Chang | Director | Grant / award | 12,345 | $0.00 |
| 2026-05-21 | FLEISHER MICHAEL D | Director | Grant / award | 12,345 | $0.00 |
| 2026-05-21 | Alvarez Ralph | Director | Grant / award | 17,636 | $0.00 |
| 2026-05-21 | Solheim Jostein | Director | Grant / award | 12,345 | $0.00 |
| 2026-05-21 | Tipograph Rachel K | Director | Grant / award | 12,345 | $0.00 |
| 2026-05-21 | Jemley Charles | Director | Grant / award | 12,345 | $0.00 |
| 2026-05-21 | Lilak Stephanie | Director | Grant / award | 12,345 | $0.00 |
| 2026-05-21 | Kussell William A | Director | Grant / award | 12,345 | $0.00 |
| 2026-03-17 | Jones John Daniel | Chief Operations Officer | Open market sale | 1,697 | $12.52 |
| 2026-03-17 | Hartman Eric Richard | Chief Development Officer | Open market sale | 1,819 | $12.52 |
| 2026-03-17 | Tomasso Christopher Anthony | President and CEO | Open market sale | 25,062 | $12.52 |
| 2026-03-17 | Sorensen Laura Anne | Chief People Officer | Open market sale | 1,697 | $12.52 |
| 2026-03-17 | HOPE H MELVILLE III | CFO and Treasurer | Open market sale | 3,878 | $12.52 |
| 2026-03-17 | Wolszczak Jay Anthony | Chief Legal Officer, GC & Secy | Open market sale | 3,161 | $12.52 |
| 2026-03-17 | Eisenacher Matthew | Chief Brand Officer | Open market sale | 2,760 | $12.52 |
| 2026-03-12 | Tomasso Christopher Anthony | President and CEO | Gift | 71,768 | $0.00 |
| 2026-03-10 | Tomasso Christopher Anthony | President and CEO | Open market sale | 33,314 | $12.59 |
| 2026-03-10 | Hartman Eric Richard | Chief Development Officer | Open market sale | 4,820 | $12.59 |
| 2026-03-10 | HOPE H MELVILLE III | CFO and Treasurer | Open market sale | 7,358 | $12.59 |
| 2026-03-10 | Wolszczak Jay Anthony | Chief Legal Officer, GC & Secy | Open market sale | 6,998 | $12.59 |
| 2026-03-10 | Jones John Daniel | Chief Operations Officer | Open market sale | 4,600 | $12.59 |
| 2026-03-10 | Eisenacher Matthew | Chief Brand Officer | Open market sale | 6,070 | $12.59 |
| 2026-03-10 | Sorensen Laura Anne | Chief People Officer | Open market sale | 4,732 | $12.59 |
| 2026-03-01 | Tomasso Christopher Anthony | President and CEO | Grant / award | 321,027 | $0.00 |
| 2026-03-01 | Wolszczak Jay Anthony | Chief Legal Officer, GC & Secy | Grant / award | 36,115 | $0.00 |
Recent SEC filings
Official company reports and insider transaction filings. Form 4 reports a transaction; it does not by itself explain why it happened.
Source: SEC EDGAR submissions · updated 2026-10-22 07:47 UTC
| Filed | Form | Report period | Official filing |
|---|---|---|---|
| 2026-08-04 | 8-K | 2026-08-04 | View on SEC.gov → |
| 2026-08-04 | 10-Q | 2026-06-28 | View on SEC.gov → |
| 2026-08-04 | 8-K | 2026-08-04 | View on SEC.gov → |
| 2026-06-10 | 4 | 2026-06-08 | View on SEC.gov → |
| 2026-06-08 | 8-K | 2026-06-06 | View on SEC.gov → |
| 2026-05-22 | 4 | 2026-05-21 | View on SEC.gov → |
| 2026-05-22 | 4 | 2026-05-21 | View on SEC.gov → |
| 2026-05-22 | 4 | 2026-05-21 | View on SEC.gov → |
| 2026-05-22 | 4 | 2026-05-21 | View on SEC.gov → |
| 2026-05-22 | 4 | 2026-05-21 | View on SEC.gov → |
| 2026-05-22 | 4 | 2026-05-21 | View on SEC.gov → |
| 2026-05-22 | 4 | 2026-05-21 | View on SEC.gov → |
Recent news
Headlines about FWRG (First Watch Restaurant Group, Inc.). Links open the publisher — we don’t host full articles.
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Dutch Bros, Sweetgreen, Portillo's, Kura Sushi, and First Watch shares are falling, what you need to know
Yahoo · 2026-10-21 -
First Watch Restaurant Group (NASDAQ:FWRG) Shares Down 6.1% - Should You Sell?
MarketBeat · 2026-10-21 -
First Watch Restaurant Group, Inc. (FWRG) Stock Price, News, Quote & History
Yahoo! Finance Canada · 2026-10-21 -
Olo launches restaurant ordering app with promise of lower prices
Yahoo · 2026-10-20 -
First Watch Restaurant Group, Inc. to Report Third Quarter 2026 Financial Results on November 3, 2026
Yahoo · 2026-10-20 -
Prediction: These 3 Stocks Will 10X in the Next 20 Years
Yahoo · 2026-10-20 -
1 Restaurant Stock Worth Your Attention and 2 We Brush Off
Yahoo · 2026-10-19 -
First Watch Restaurant Group, Inc. (FWRG) Latest Stock News & Headlines
Yahoo! Finance Canada · 2026-10-17
No headlines in this category right now — try “All”.