First Watch Restaurant Group, Inc.
FWRGNASDAQConsumer DiscretionaryRestaurants
As of Oct 23, 2026 close
- Market cap
- $678.41M
- P/E (TTM)
- 38.09
- Forward P/E
- 20.22
- Dividend yield
- -
- 52-week range
- $9.88$18.82
- Volume (live)
- -
- Avg. volume (3M)
- 1.53M
First Watch Restaurant Group (FWRG) Stock Price & Financial Analysis
First Watch Restaurant Group Stock Price Chart
Loading chart...
Financial Metrics & Key Statistics
Fundamental metrics, valuation ratios, and profitability indicators
| Day's Range | $10.66 - $11.51 |
|---|---|
| 52-Week High | $18.82 |
| 52-Week Low | $9.88 |
| Open | $11.40 |
| Volume (last close) | 1.69M |
| Average Volume (3M) | 1.53M |
| Revenue (TTM) | 1.32B |
|---|---|
| Net Income (TTM) | 17.81M |
| Free Cash Flow (TTM) | -20.98M |
| EPS (TTM) | $0.29 |
| Profit Margin | 1.35% |
| Operating Margin | 4.30% |
| Return on Equity (ROE) | 2.81% |
| Debt to Equity | 0.46 |
| Annual Dividend | $0.00 |
|---|---|
| Dividend Yield | 0.00% |
| Payout Ratio | 0.00% |
| Market Cap | 678.41M |
|---|---|
| Shares Outstanding | 62.30M |
| P/E Ratio (TTM) | 38.09 |
| Forward P/E | 20.22 |
| Price to Sales (P/S) | 0.51 |
| Price to Book (P/B) | 1.07 |
| EV/EBITDA | 9.65 |
| 50-Day MA | $11.51 |
|---|---|
| 200-Day MA | $12.60 |
| 1-Year Change | −35.78% |
Source: Market prices and company fundamentals. Data as of Oct 23, 2026. Data sources and methodology
First Watch Restaurant Group at a Glance
As of the Oct 23, 2026 close, First Watch Restaurant Group (FWRG) has a market capitalization of $678.41M. The stock trades at 38.1× trailing earnings, 20.2× forward earnings and 0.5× sales. Over the trailing twelve months it earned $17.81M on revenue of $1.32B (a 1.4% profit margin) and burned $20.98M of free cash flow. Revenue grew 19.3% year over year.
As of its latest reported balance sheet, it holds $20.48M in cash and securities against $292.53M of debt, a net debt position of $272.05M.
First Watch Restaurant Group does not currently pay a dividend.
The share price is down 35.8% over the past year. At $10.89 (the Oct 23, 2026 close) it sits near the bottom of its 52-week range of $9.88 to $18.82, below its 200-day moving average of $12.60.
Based on 9 professional analyst ratings from the past 90 days, the consensus is Buy with an average price target of $18.50, 69.9% above the Oct 23, 2026 close.
Frequently Asked Questions About First Watch Restaurant Group
What is the current stock price for FWRG?
As of the Oct 23, 2026 close, FWRG stock trades at $10.89. The 52-week range is $9.88–$18.82, with a day range of $10.66–$11.51.
What is the P/E ratio for FWRG?
As of the Oct 23, 2026 close, First Watch Restaurant Group's trailing twelve-month (TTM) P/E ratio is 38.1, meaning investors pay $38.1 for every $1 of annual earnings. The forward P/E is 20.2, reflecting analyst expectations for future earnings. First Watch Restaurant Group operates in the Consumer Discretionary sector.
Does FWRG pay dividends?
First Watch Restaurant Group does not currently pay a regular dividend. The company retains its earnings to reinvest in the business. Check the Dividends tab for historical dividend information.
What do analysts recommend for FWRG?
Based on ratings from 9 professional analysts over the last 90 days, the consensus for FWRG is Buy. The average 12-month price target is $18.50, a 69.9% upside from the Oct 23, 2026 close of $10.89.
What is the market cap of FWRG?
As of the Oct 23, 2026 close, First Watch Restaurant Group's market capitalization is $678.4M, classifying it as a small-cap company. First Watch Restaurant Group operates in the Consumer Discretionary sector within the Restaurants industry.