First Watch Restaurant Group, Inc. (FWRG) Stock

First Watch Restaurant Group, Inc. (FWRG) is a Consumer Discretionary stock trading at $11.80 (as of 2026-06-18), with a market capitalization of $716.93M and a trailing P/E of 41.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

First Watch Restaurant Group, Inc. operates and franchises restaurants under the First Watch trade name. As of March 23, 2022, it ran 341 company-owned locations and 94 franchised restaurants across 28 U.S. states, serving restaurant guests in those markets.

Valuation — source: SEC EDGAR (first-party)
Price$11.80
Market Cap$716.93M
P/E Ratio41.5
EV / EBITDA6.5
Price / Book1.14
Price / Sales0.56
DCF Value (model)$-8.28
DCF Upside vs Price-170.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.22B
Net Margin1.6%
Return on Equity2.8%
Current Ratio0.29
Revenue Growth (YoY)20.3%
EPS Growth (YoY)3.2%
FCF Growth (YoY)152.5%
Financial Health — source: SEC EDGAR
Altman Z-Score1.03 (distress)
Valuation vs Sector & Industry
Stock P/E41.5
Sector P/E (Consumer Discretionary)21.8
Industry P/E (Restaurants, Hotels & Motels)27.5
vs Sector90.7%
vs Industry50.8%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($50.08M)
Institutional Holders Tracked10
Congressional Trades (recent)5
Company
SectorConsumer Discretionary
IndustryRestaurants, Hotels & Motels
CEOChristopher A. Tomasso
Employees15,000
CountryUS
IPO Date2021-10-01

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FWRG earnings history · FWRG institutional & insider holders · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-06-18.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.