First Watch Restaurant Group Inc (FWRG)

First Watch Restaurant Group, Inc. is a common stock listing on NASDAQ under the ticker FWRG. Through its subsidiaries, the company operates and franchises restaurants in the United States under the First Watch brand. The business was founded in 1983 and is headquartered in Bradenton, Florida. It adopted its current name in December 2019, when it was formerly known as AI Fresh Super Holdco, Inc. As a consumer discretionary company in the hotels, restaurants and leisure industry, First Watch Restaurant Group’s operations are centered on the restaurant sector.


Jump directly to the stock analysis sections supported by the latest available data.

Data update note: Fair value and stock analysis metrics are updated after regular market sessions when new data becomes available.
Ticker Fair Value Fair Value Upside/Downside Fair Value Rating Analyst Price Target Analyst Target Upside/Downside Analyst Target Rating Overall Financial Health Dividend Yield Next Earnings Date P/E Ratio Price-to-Book Ratio Price-to-Sales Ratio Market Cap Enterprise Value Total Debt / Total Capital Free Float / Shares Outstanding Altman Z-Score Free Cash Flow / Net Income
NASDAQ-FWRG
$10.42
2.4% Upside
Fair
$19.27
89.3% Upside
Bargain
Fair
0.0%
November 9, 2026
35.3x
1.0x
0.5x
628.2 M
1.682 B
63.1%
98.5%
1.3
-117.2%
Valuation • Fair Value

First Watch Restaurant Group Inc (NASDAQ-FWRG) Fair Value by Valuation Model

Review the available estimates for First Watch Restaurant Group Inc (NASDAQ-FWRG), including DCF Fair Value, Ben Graham Formula Value, Comps Fair Value.

Primary Valuation Read

Fair Value

$10.42

Estimated upside of 2.4% versus the current market price.

Fair Value Confidence

Med

Confidence level for the primary fair value estimate.

DCF Fair Value

$6.10

Discounted cash flow valuation reference.

Ben Graham Formula Value

$3.20

Classic Ben Graham valuation formula reference.

Comps Fair Value

$12.59

Comparable-company valuation reference.

Analyst Price Target

$19.27

Analysts imply upside of 89.3%.

How to read these valuation models

Use the 6 available valuation references for First Watch Restaurant Group Inc (NASDAQ-FWRG) as analytical inputs, not a standalone conclusion. Valuation methods can differ because they rely on different assumptions, time horizons and financial inputs; compare the estimates with the current price and the company’s financial quality.

Profitability • Growth

Profitability & Growth for First Watch Restaurant Group Inc (NASDAQ-FWRG)

Review the profitability and growth indicators currently supported by the latest data.

Revenue

1.318 B

Current operating scale indicator.

Revenue Forecast

1.389 B

Forward revenue estimate.

EBITDA

116.4 M

Current operating profitability reference.

EBITDA Forecast

135 M

Forward operating profitability estimate.

How to read profitability and growth

This section helps investors review First Watch Restaurant Group Inc (NASDAQ-FWRG) from an operating perspective by combining current scale, forward revenue expectations and EBITDA-related profitability measures.

Quality • Risk

Quality & Financial Risk for First Watch Restaurant Group Inc (NASDAQ-FWRG)

Review the financial quality and risk indicators currently supported by the latest data.

Financial Health

Fair

Mixed or neutral financial-health read.

Piotroski Score

7

Relatively strong quality score.

Beneish M-Score

-2.67

No elevated caution signal from this screen.

Altman Z-Score

1.3

Lower score that deserves closer risk review.

FCF / Net Income

-117.2%

Cash conversion quality indicator.

How to read quality and risk

This section combines quality, balance-sheet and accounting-risk indicators for First Watch Restaurant Group Inc (NASDAQ-FWRG). Read the metrics together: no single score is a complete investment conclusion, but the combined view can highlight financial strength, earnings quality and areas that may deserve closer review.

Events • Dividends

Upcoming Events & Dividends for First Watch Restaurant Group Inc (NASDAQ-FWRG)

Track the upcoming dates and dividend metrics currently supported by the latest data.

Next Earnings Date

November 9, 2026

Days to Earnings

52

Dividend Yield

0.0%

No current dividend yield is indicated.

How to read events and dividends

This section helps investors track time-sensitive items for First Watch Restaurant Group Inc (NASDAQ-FWRG), including the next earnings date and dividend-related milestones. These items can matter for short-term volatility, income planning and event-driven positioning.

Stock Forecast • Technical Outlook

First Watch Restaurant Group Inc (NASDAQ-FWRG) Stock Forecast & Technical Outlook

Review First Watch Restaurant Group Inc (NASDAQ-FWRG) across multiple technical time frames, alongside analyst recommendation data, to form a faster read on market positioning and near-term sentiment.

Technical Signals by Time Frame

Switch between time frames to review the current technical signal for the stock.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 15-minute • intraday
Neutral

The 15-minute technical read for First Watch Restaurant Group Inc (NASDAQ-FWRG) is currently Neutral. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 1-hour • short-term
Strong Sell

The 1-hour technical read for First Watch Restaurant Group Inc (NASDAQ-FWRG) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: daily • daily
Strong Sell

The daily technical read for First Watch Restaurant Group Inc (NASDAQ-FWRG) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: weekly • weekly
Strong Sell

The weekly technical read for First Watch Restaurant Group Inc (NASDAQ-FWRG) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: monthly • monthly
Strong Sell

The monthly technical read for First Watch Restaurant Group Inc (NASDAQ-FWRG) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Analyst Consensus for First Watch Restaurant Group Inc (NASDAQ-FWRG)

A consolidated view of buy, hold and sell recommendations based on the currently available analyst data.

Strong Sell Sell Neutral Buy Strong Buy
Consolidated analyst recommendation mix
Strong Buy

Based on the available recommendation mix, First Watch Restaurant Group Inc (NASDAQ-FWRG) has a Strong Buy consensus, with 10 buy, 0 hold and 0 sell recommendations in the current data set.

Buy 10
Hold 0
Sell 0
FAQ Fast Investor Answers

First Watch Restaurant Group Inc (NASDAQ-FWRG) Stock FAQ

Data-supported answers about First Watch Restaurant Group Inc (NASDAQ-FWRG), including explicit coverage status where a reliable valuation estimate is not currently available.

Fair Value
$10.42
Estimated upside 2.4%
Valuation Rating
Undervalued
Estimated upside of 2.4%
Analyst Target
$19.27
Implied upside 89.3%
Financial Health
Fair
Current financial-health read

The current fair value estimate for First Watch Restaurant Group Inc (NASDAQ-FWRG) is $10.42. This implies an estimated upside of 2.4% versus the current market price.

Based on the current fair value estimate, the stock appears undervalued, with estimated upside of 2.4% versus the current market price.

The available analyst price target for First Watch Restaurant Group Inc (NASDAQ-FWRG) is $19.27. The analyst target implies estimated upside of 89.3%.

The current financial health read for First Watch Restaurant Group Inc (NASDAQ-FWRG) is Fair. This should be reviewed alongside valuation, profitability, debt and cash-flow quality metrics.

The next earnings date currently listed for First Watch Restaurant Group Inc (NASDAQ-FWRG) is November 9, 2026.

The latest available data indicates no current dividend yield for First Watch Restaurant Group Inc (NASDAQ-FWRG).

The current P/E ratio listed for First Watch Restaurant Group Inc (NASDAQ-FWRG) is 35.3x. Use it together with growth, margins and sector comparisons rather than as a standalone valuation signal.

The current market capitalization listed for First Watch Restaurant Group Inc is 628.2 M.

The current enterprise value listed for First Watch Restaurant Group Inc is 1.682 B. Enterprise value can provide a broader valuation view than market capitalization alone because it also considers net debt.

The ticker symbol for First Watch Restaurant Group Inc is NASDAQ-FWRG, and the stock is listed on NASDAQ.

First Watch Restaurant Group Inc (NASDAQ-FWRG) is listed on NASDAQ.

The current debt-to-total-capital ratio listed for First Watch Restaurant Group Inc is 63.1%, which helps investors evaluate the company’s financing structure and leverage profile.

The free float listed for First Watch Restaurant Group Inc is 98.5%. Free float helps investors understand how much of the share base is available for public trading.