Price Alert

First Watch Restaurant Gr... (FWRG)

NASDAQ: FWRG · Real-Time Price · USD

17.85

-0.01 (-0.06%)

At close: Aug 15, 2025, 3:59 PM

18.19

1.90%

After-hours: Aug 15, 2025, 05:42 PM EDT

First Watch Restaurant Statistics

Share Statistics

First Watch Restaurant has 61.02M shares outstanding. The number of shares has increased by 0.96% in one year.

Shares Outstanding	61.02M
Shares Change (YoY)	0.96%
Shares Change (QoQ)	0.48%
Owned by Institutions (%)	99.99%
Shares Floating	44.29M
Failed to Deliver (FTD) Shares	216
FTD / Avg. Volume	0.02%

Short Selling Information

The latest short interest is 6.48M, so 10.63% of the outstanding shares have been sold short.

Short Interest	6.48M
Short % of Shares Out	10.63%
Short % of Float	16.14%
Short Ratio (days to cover)	9.36

Valuation Ratios

The PE ratio is 59.11 and the forward PE ratio is 47.73. First Watch Restaurant's PEG ratio is -2.12.

PE Ratio	59.11
Forward PE	47.73
PS Ratio	1.1
Forward PS	0.8
PB Ratio	1.88
P/FCF Ratio	-91.12
PEG Ratio	-2.12

Financial Ratio History

Enterprise Valuation

First Watch Restaurant has an Enterprise Value (EV) of 1.89B.

EV / Sales	1.87
EV / EBITDA	19.26
EV / EBIT	16.38
EV / FCF	-154.35

Financial Position

The company has a current ratio of 0.4, with a Debt / Equity ratio of 1.36.

Current Ratio	0.4
Quick Ratio	0.36
Debt / Equity	1.36
Debt / EBITDA	8.23
Debt / FCF	-65.95
Interest Coverage	3.08

Financial Efficiency

Return on Equity is 3.18% and Return on Invested Capital is 1.9%.

Return on Equity	3.18%
Return on Assets	1.25%
Return on Invested Capital	1.9%
Revenue Per Employee	$67.73K
Profits Per Employee	$1.26K
Employee Count	15,000
Asset Turnover	0.67
Inventory Turnover	36.47

Taxes

Income Tax	9.1M
Effective Tax Rate	32.47%

Stock Price Statistics

The stock price has increased by 9.43% in the last 52 weeks. The beta is 0.92, so First Watch Restaurant's price volatility has been higher than the market average.

Beta	0.92
52-Week Price Change	9.43%
50-Day Moving Average	16.6
200-Day Moving Average	18.05
Relative Strength Index (RSI)	53.06
Average Volume (20 Days)	945,983

Income Statement

In the last 12 months, First Watch Restaurant had revenue of 1.02B and earned 18.93M in profits. Earnings per share was 0.31.

Revenue	1.02B
Gross Profit	792.81M
Operating Income	38.91M
Net Income	18.93M
EBITDA	98.38M
EBIT	40.67M
Earnings Per Share (EPS)	0.31

Full Income Statement

Balance Sheet

The company has 33.31M in cash and 809.55M in debt, giving a net cash position of -776.24M.

Cash & Cash Equivalents	33.31M
Total Debt	809.55M
Net Cash	-776.24M
Retained Earnings	-53.82M
Total Assets	1.68B
Working Capital	-115.38M

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 115.67M and capital expenditures -127.95M, giving a free cash flow of -12.28M.

Operating Cash Flow	115.67M
Capital Expenditures	-127.95M
Free Cash Flow	-12.28M
FCF Per Share	-0.2

Full Cash Flow Statement

Margins

Gross margin is 78.04%, with operating and profit margins of 3.83% and 1.86%.

Gross Margin	78.04%
Operating Margin	3.83%
Pretax Margin	2.76%
Profit Margin	1.86%
EBITDA Margin	9.68%
EBIT Margin	3.83%
FCF Margin	-1.21%

Dividends & Yields

FWRG does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Payout Ratio	n/a
Earnings Yield	1.69%
FCF Yield	-1.1%

Dividend Details

Analyst Forecast

The average price target for FWRG is $21, which is 18.3% higher than the current price. The consensus rating is "Buy".

Price Target	$21
Price Target Difference	18.3%
Analyst Consensus	Buy
Analyst Count	9

Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value	n/a
Lynch Upside	n/a
Graham Number	8.34
Graham Upside	-53.01%

Scores

Altman Z-Score	1.15
Piotroski F-Score	5