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First Watch Restaurant Group, Inc.

$11.35 -$4.02 (-26.15%)
NASDAQ · 11 Sep 2026 20:00 UTC
Previous Close
$11.19
Day Range
$11.09$11.51
Year Range
$9.97$18.82
Market Cap
700.44M
AVG Volume
1.21M
Trailing/Forward PE
38.45/43.17
PEG ratio
0.3
Dividend Yield
-
Next Earnings Date
2026-11-03
Primary Exchange
NASDAQUS
Revenue (USD) · TTM
0500M1B1.5B24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
FWRG Revenue (USD) · TTM by quarter
PeriodRevenue (USD) · TTM
26 Q21.32B
26 Q11.27B
25 Q41.22B
25 Q31.17B
25 Q21.11B
25 Q11.06B
24 Q41.02B
24 Q3997.25M
24 Q2964.86M
24 Q1922.59M
Net Income (USD) · TTM
010M20M30M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
FWRG Net Income (USD) · TTM by quarter
PeriodNet Income (USD) · TTM
26 Q217.81M
26 Q117.58M
25 Q418.02M
25 Q33.55M
25 Q22.67M
25 Q19.47M
24 Q418.93M
24 Q320.87M
24 Q224.18M
24 Q123.24M
Operating Income (USD) · TTM
020M40M60M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
FWRG Operating Income (USD) · TTM by quarter
PeriodOperating Income (USD) · TTM
26 Q256.03M
26 Q129.55M
25 Q427.96M
25 Q322.34M
25 Q218.6M
25 Q127.73M
24 Q438.91M
24 Q341.9M
24 Q243.33M
24 Q138.22M
EBITDA (USD) · TTM
050M100M150M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
FWRG EBITDA (USD) · TTM by quarter
PeriodEBITDA (USD) · TTM
26 Q2102.83M
26 Q1108.23M
25 Q497.17M
25 Q387.02M
25 Q279.2M
25 Q185.18M
24 Q498.38M
24 Q398.68M
24 Q295.53M
24 Q185.3M
Cash Flows (USD) · TTM
-40M-30M-20M-10M010M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
FWRG Cash Flows (USD) · TTM by quarter
PeriodCash Flows (USD) · TTM
26 Q2-20.98M
26 Q1-9.46M
25 Q4-30.99M
25 Q3-31.18M
25 Q2-29.45M
25 Q1-25.19M
24 Q4-12.38M
24 Q3-4.17M
24 Q2-16.55M
24 Q1500K
EPS (USD) · TTM
00.10.20.30.424 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
FWRG EPS (USD) · TTM by quarter
PeriodEPS (USD) · TTM
26 Q20.28
26 Q10.28
25 Q40.31
25 Q30.08
25 Q20.06
25 Q10.17
24 Q40.3
24 Q30.33
24 Q20.39
24 Q10.38
Expenses (USD) · TTM
0100M200M300MSG&ACapex24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
FWRG Expenses (USD) · TTM by quarter
PeriodExpenses (USD) · TTM
26 Q2296.15M
26 Q1291.09M
25 Q4288.95M
25 Q3292.55M
25 Q2269.62M
25 Q1251.85M
24 Q4241.32M
24 Q3231.69M
24 Q2223.18M
24 Q1206.75M
Shares Outstanding · TTM
-15M-10M-5M024 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
FWRG Shares Outstanding · TTM by quarter
PeriodShares Outstanding · TTM
26 Q2-12.76M
26 Q1-11.85M
25 Q4-10.76M
25 Q3-10.06M
25 Q2-9.26M
25 Q1-8.92M
24 Q4-8.53M
24 Q3-8.61M
24 Q2-8.3M
24 Q1-7.97M
Employee Count
05K10K15K20K20212022202320242025
FWRG Employee Count by quarter
PeriodEmployee Count
202517.5K
202415K
202314K
202212K
202110K
PE Ratio
0100200300400500med 59.12Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
FWRG PE Ratio by quarter
PeriodPE Ratio
Sep 2639.3
Sep 2641.73
Aug 2643.32
Aug 2645.12
Aug 2644.05
Aug 2643.01
Jul 2644.78
Jul 2642.23
Jul 2643.38
Jul 2643.42
Jul 2645.61
Jun 2644.39
Jun 2641.15
Jun 2643.17
Jun 2635.47
May 2640.52
May 2640.04
May 2639.13
May 2642.16
May 2644.29
Apr 2644.94
Apr 2643.14
Apr 2638.85
Apr 2636.41
Mar 2634.89
Mar 2641.22
Mar 2639.02
Mar 2643.75
Feb 2642.16
Feb 26273.61
Feb 26264.15
Feb 26301.45
Jan 26274.81
Jan 26283.74
Jan 26287.01
Jan 26267.59
Jan 26264.15
Dec 25273.43
Dec 25278.59
Dec 25281.17
Dec 25304.2
Nov 25318.98
Nov 25284.78
Nov 25291.65
Nov 25295.43
Oct 25376.49
Oct 25417.59
Oct 25409.14
Oct 25345.44
Oct 25371.24
Sep 25365.3
Sep 25363.93
Sep 25388.59
Sep 25424.44
Aug 25430.14
Aug 25425.35
Aug 25407.31
Aug 25403.2
Aug 25107.72
Jul 25110.93
Jul 25108.1
Jul 25112.34
Jul 25113.37
Jun 25103.42
Jun 25101.62
Jun 2596.42
Jun 2595.84
May 2599.12
May 25101.24
May 25110.74
May 25101.24
May 2559.56
Apr 2562.16
Apr 2562.77
Apr 2556.2
Apr 2552.32
Mar 2554.02
Mar 2552.35
Mar 2552.83
Mar 2555
Feb 2561.72
Feb 2558.68
Feb 2559.66
Feb 2560.79
Jan 2560.73
Jan 2555.44
Jan 2551.47
Jan 2555.35
Jan 2557.38
Dec 2454.13
Dec 2453.87
Dec 2456.42
Dec 2455.96
Nov 2455.26
Nov 2452.8
Nov 2452.74
Nov 2461
Nov 2442.88
Oct 2442.3
Oct 2442.2
Free Cash Flow Yield
-6%-4%-2%0%med -2.58%Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
FWRG Free Cash Flow Yield by quarter
PeriodFree Cash Flow Yield
Sep 26-3%
Sep 26-2.82%
Aug 26-2.72%
Aug 26-2.61%
Aug 26-2.67%
Aug 26-2.74%
Jul 26-1.2%
Jul 26-1.28%
Jul 26-1.24%
Jul 26-1.24%
Jul 26-1.18%
Jun 26-1.21%
Jun 26-1.31%
Jun 26-1.25%
Jun 26-1.52%
May 26-1.33%
May 26-1.34%
May 26-1.38%
May 26-1.28%
May 26-3.88%
Apr 26-3.83%
Apr 26-3.99%
Apr 26-4.43%
Apr 26-4.72%
Mar 26-4.93%
Mar 26-4.17%
Mar 26-4.41%
Mar 26-3.93%
Feb 26-4.08%
Feb 26-3.21%
Feb 26-3.32%
Feb 26-2.91%
Jan 26-3.2%
Jan 26-3.1%
Jan 26-3.06%
Jan 26-3.28%
Jan 26-3.32%
Dec 25-3.21%
Dec 25-3.15%
Dec 25-3.12%
Dec 25-2.89%
Nov 25-2.75%
Nov 25-3.08%
Nov 25-3.01%
Nov 25-2.97%
Oct 25-2.93%
Oct 25-2.64%
Oct 25-2.69%
Oct 25-3.19%
Oct 25-2.97%
Sep 25-3.02%
Sep 25-3.03%
Sep 25-2.84%
Sep 25-2.6%
Aug 25-2.56%
Aug 25-2.59%
Aug 25-2.71%
Aug 25-2.73%
Aug 25-2.47%
Jul 25-2.4%
Jul 25-2.46%
Jul 25-2.37%
Jul 25-2.35%
Jun 25-2.57%
Jun 25-2.62%
Jun 25-2.76%
Jun 25-2.78%
May 25-2.69%
May 25-2.63%
May 25-2.4%
May 25-2.63%
May 25-1.1%
Apr 25-1.05%
Apr 25-1.04%
Apr 25-1.16%
Apr 25-1.25%
Mar 25-1.21%
Mar 25-1.25%
Mar 25-1.24%
Mar 25-0.36%
Feb 25-0.32%
Feb 25-0.34%
Feb 25-0.33%
Feb 25-0.33%
Jan 25-0.33%
Jan 25-0.36%
Jan 25-0.39%
Jan 25-0.36%
Jan 25-0.35%
Dec 24-0.37%
Dec 24-0.37%
Dec 24-0.35%
Dec 24-0.36%
Nov 24-0.36%
Nov 24-0.38%
Nov 24-0.38%
Nov 24-0.33%
Nov 24-1.6%
Oct 24-1.62%
Oct 24-1.62%
Price to Sales
0.250.50.7511.251.5med 0.91Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
FWRG Price to Sales by quarter
PeriodPrice to Sales
Sep 260.53
Sep 260.56
Aug 260.59
Aug 260.61
Aug 260.6
Aug 260.58
Jul 260.62
Jul 260.58
Jul 260.6
Jul 260.6
Jul 260.63
Jun 260.61
Jun 260.57
Jun 260.6
Jun 260.49
May 260.56
May 260.55
May 260.54
May 260.58
May 260.65
Apr 260.66
Apr 260.64
Apr 260.57
Apr 260.54
Mar 260.51
Mar 260.61
Mar 260.57
Mar 260.64
Feb 260.62
Feb 260.83
Feb 260.8
Feb 260.92
Jan 260.83
Jan 260.86
Jan 260.87
Jan 260.81
Jan 260.8
Dec 250.83
Dec 250.85
Dec 250.85
Dec 250.92
Nov 250.97
Nov 250.86
Nov 250.89
Nov 250.9
Oct 250.91
Oct 251.01
Oct 250.99
Oct 250.84
Oct 250.9
Sep 250.88
Sep 250.88
Sep 250.94
Sep 251.03
Aug 251.04
Aug 251.03
Aug 250.98
Aug 250.97
Aug 250.97
Jul 250.99
Jul 250.97
Jul 251.01
Jul 251.02
Jun 250.93
Jun 250.91
Jun 250.86
Jun 250.86
May 250.89
May 250.91
May 250.99
May 250.91
May 251.11
Apr 251.16
Apr 251.17
Apr 251.05
Apr 250.97
Mar 251.01
Mar 250.98
Mar 250.98
Mar 251.15
Feb 251.29
Feb 251.23
Feb 251.25
Feb 251.27
Jan 251.27
Jan 251.16
Jan 251.08
Jan 251.16
Jan 251.2
Dec 241.13
Dec 241.13
Dec 241.18
Dec 241.17
Nov 241.16
Nov 241.11
Nov 241.1
Nov 241.28
Nov 241.07
Oct 241.06
Oct 241.06
EV/EBITDA
15202530med 19.65Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
FWRG EV/EBITDA by quarter
PeriodEV/EBITDA
Sep 2617.05
Sep 2617.47
Aug 2617.74
Aug 2618.05
Aug 2617.87
Aug 2617.69
Jul 2616.58
Jul 2616.16
Jul 2616.35
Jul 2616.36
Jul 2616.71
Jun 2616.51
Jun 2615.99
Jun 2616.32
Jun 2615.07
May 2615.89
May 2615.81
May 2615.66
May 2616.15
May 2618.37
Apr 2618.49
Apr 2618.16
Apr 2617.36
Apr 2616.91
Mar 2616.63
Mar 2617.8
Mar 2617.39
Mar 2618.27
Feb 2617.98
Feb 2622.22
Feb 2621.83
Feb 2623.35
Jan 2622.27
Jan 2622.63
Jan 2622.76
Jan 2621.97
Jan 2621.83
Dec 2522.21
Dec 2522.42
Dec 2522.53
Dec 2523.47
Nov 2524.07
Nov 2522.67
Nov 2522.95
Nov 2523.11
Oct 2524.56
Oct 2525.95
Oct 2525.67
Oct 2523.52
Oct 2524.39
Sep 2524.19
Sep 2524.14
Sep 2524.97
Sep 2526.18
Aug 2526.37
Aug 2526.21
Aug 2525.6
Aug 2525.47
Aug 2521.58
Jul 2521.94
Jul 2521.62
Jul 2522.09
Jul 2522.21
Jun 2521.1
Jun 2520.9
Jun 2520.32
Jun 2520.26
May 2520.62
May 2520.86
May 2521.92
May 2520.86
May 2519.35
Apr 2519.85
Apr 2519.96
Apr 2518.7
Apr 2517.95
Mar 2518.28
Mar 2517.96
Mar 2518.05
Mar 2519.01
Feb 2520.43
Feb 2519.79
Feb 2520
Feb 2520.24
Jan 2520.22
Jan 2519.1
Jan 2518.26
Jan 2519.08
Jan 2519.51
Dec 2418.83
Dec 2418.77
Dec 2419.31
Dec 2419.21
Nov 2419.07
Nov 2418.55
Nov 2418.53
Nov 2420.28
Nov 2418.22
Oct 2418.07
Oct 2418.05
Price/Operating Cashflow
4681012med 8.42Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
FWRG Price/Operating Cashflow by quarter
PeriodPrice/Operating Cashflow
Sep 265.46
Sep 265.79
Aug 266.02
Aug 266.27
Aug 266.12
Aug 265.97
Jul 265.61
Jul 265.29
Jul 265.44
Jul 265.44
Jul 265.72
Jun 265.56
Jun 265.16
Jun 265.41
Jun 264.45
May 265.08
May 265.02
May 264.9
May 265.28
May 266.34
Apr 266.43
Apr 266.17
Apr 265.56
Apr 265.21
Mar 264.99
Mar 265.9
Mar 265.58
Mar 266.26
Feb 266.03
Feb 267.45
Feb 267.19
Feb 268.21
Jan 267.48
Jan 267.73
Jan 267.82
Jan 267.29
Jan 267.19
Dec 257.45
Dec 257.59
Dec 257.66
Dec 258.29
Nov 258.69
Nov 257.76
Nov 257.94
Nov 258.05
Oct 258.5
Oct 259.43
Oct 259.24
Oct 257.8
Oct 258.38
Sep 258.25
Sep 258.22
Sep 258.77
Sep 259.58
Aug 259.71
Aug 259.6
Aug 259.2
Aug 259.1
Aug 259.2
Jul 259.47
Jul 259.23
Jul 259.6
Jul 259.68
Jun 258.83
Jun 258.68
Jun 258.24
Jun 258.19
May 258.47
May 258.65
May 259.46
May 258.65
May 259.74
Apr 2510.17
Apr 2510.27
Apr 259.19
Apr 258.56
Mar 258.84
Mar 258.57
Mar 258.64
Mar 259.98
Feb 2511.2
Feb 2510.65
Feb 2510.83
Feb 2511.03
Jan 2511.02
Jan 2510.06
Jan 259.34
Jan 2510.04
Jan 2510.41
Dec 249.82
Dec 249.78
Dec 2410.24
Dec 2410.15
Nov 2410.03
Nov 249.58
Nov 249.57
Nov 2411.07
Nov 2410.73
Oct 2410.58
Oct 2410.56
Price to Book
0.511.522.5med 1.66Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
FWRG Price to Book by quarter
PeriodPrice to Book
Sep 261.1
Sep 261.17
Aug 261.22
Aug 261.27
Aug 261.24
Aug 261.21
Jul 261.25
Jul 261.18
Jul 261.21
Jul 261.22
Jul 261.28
Jun 261.24
Jun 261.15
Jun 261.21
Jun 260.99
May 261.13
May 261.12
May 261.1
May 261.18
May 261.27
Apr 261.29
Apr 261.24
Apr 261.12
Apr 261.05
Mar 261
Mar 261.19
Mar 261.12
Mar 261.26
Feb 261.21
Feb 261.6
Feb 261.54
Feb 261.76
Jan 261.61
Jan 261.66
Jan 261.68
Jan 261.56
Jan 261.54
Dec 251.6
Dec 251.63
Dec 251.64
Dec 251.78
Nov 251.87
Nov 251.67
Nov 251.71
Nov 251.73
Oct 251.67
Oct 251.86
Oct 251.82
Oct 251.53
Oct 251.65
Sep 251.62
Sep 251.62
Sep 251.73
Sep 251.89
Aug 251.91
Aug 251.89
Aug 251.81
Aug 251.79
Aug 251.71
Jul 251.76
Jul 251.72
Jul 251.78
Jul 251.8
Jun 251.64
Jun 251.61
Jun 251.53
Jun 251.52
May 251.57
May 251.61
May 251.76
May 251.61
May 251.89
Apr 251.98
Apr 252
Apr 251.79
Apr 251.66
Mar 251.72
Mar 251.66
Mar 251.68
Mar 251.95
Feb 252.19
Feb 252.08
Feb 252.11
Feb 252.15
Jan 252.15
Jan 251.96
Jan 251.82
Jan 251.96
Jan 252.03
Dec 241.92
Dec 241.91
Dec 242
Dec 241.98
Nov 241.96
Nov 241.87
Nov 241.87
Nov 242.16
Nov 241.77
Oct 241.75
Oct 241.74
First Watch Restaurant Group, Inc.
FWRG
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News: FWRG

Canada Pension Plan Investment Board Takes $764,000 Position in First Watch Restaurant Group, Inc. $FWRG

defenseworld.net · 2 Sep 2026

Canada Pension Plan Investment Board Takes $764,000 Position in First Watch Restaurant Group, Inc. $FWRG

Canada Pension Plan Investment Board purchased a new stake in First Watch Restaurant Group, Inc. (NASDAQ: FWRG) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 59,300 shares of the company's stock, valued at approximately $764,000. Canada Pension Plan Investment Board owned about

4,534,132 Shares in First Watch Restaurant Group, Inc. $FWRG Bought by BlackRock Inc.

defenseworld.net · 1 Sep 2026

4,534,132 Shares in First Watch Restaurant Group, Inc. $FWRG Bought by BlackRock Inc.

BlackRock Inc. purchased a new position in First Watch Restaurant Group, Inc. (NASDAQ: FWRG) in the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,534,132 shares of the company's stock, valued at approximately $58,445,000. BlackRock Inc. owned about 7.35% of First

First Watch Restaurant Group, Inc. to Participate in Two September Investor Conferences

globenewswire.com · 27 Aug 2026

First Watch Restaurant Group, Inc. to Participate in Two September Investor Conferences

BRADENTON, Fla., Aug. 27, 2026 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announces it will participate in two investor conferences in September:

Wall Street Breakfast Podcast: Coffee Rally Hits PSL Season

seekingalpha.com · 25 Aug 2026

Wall Street Breakfast Podcast: Coffee Rally Hits PSL Season

Coffee prices surge to six-month highs on supply concerns from Brazil and Colombia, with Super El Niño posing further upside risk into 2026–2027. Starbucks (SBUX) launches Pumpkin Spice Latte season amid intensified competition from Dutch Bros (BROS), First Watch (FWRG), Dunkin, Krispy Kreme (DNUT), and Panera.

A Look at First Watch Restaurant Group Inc (FWRG) After 7.3% Gain -- GF Value $22.49 vs Price $12.65

gurufocus.com · 12 Aug 2026

A Look at First Watch Restaurant Group Inc (FWRG) After 7.3% Gain -- GF Value $22.49 vs Price $12.65

On August 12, 2026, First Watch Restaurant Group Inc (FWRG) shares rose 7.3% today, bringing the current price to $12.65. The stock has traded within a 52-week

First Watch Restaurant Group Q2 Earnings Call Highlights

defenseworld.net · 6 Aug 2026

First Watch Restaurant Group Q2 Earnings Call Highlights

First Watch Restaurant Group (NASDAQ: FWRG) reported second-quarter revenue growth of 15.2% as positive same-restaurant sales, marketing initiatives and new restaurant openings supported results. The daytime dining chain also raised the low end of its full-year same-restaurant sales and revenue growth outlook, while lowering its adjusted EBITDA forecast due to higher costs associated with strong demand

First Watch Restaurant Group, Inc. (FWRG) Q2 2026 Earnings Call Transcript

seekingalpha.com · 4 Aug 2026

First Watch Restaurant Group, Inc. (FWRG) Q2 2026 Earnings Call Transcript

First Watch Restaurant Group, Inc. (FWRG) Q2 2026 Earnings Call Transcript

First Watch Restaurant Group (FWRG) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

zacks.com · 4 Aug 2026

First Watch Restaurant Group (FWRG) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Although the revenue and EPS for First Watch Restaurant Group (FWRG) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

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