FWRG
First Watch Restaurant Group Inc
NASDAQ: FWRG · CONSUMER CYCLICAL · RESTAURANTS
$13.12
+1.63% today
Updated 2026-04-30
Market cap
$792.50M
P/E ratio
41.48
P/S ratio
0.65x
EPS (TTM)
$0.31
Dividend yield
—
52W range
$10 – $20
Volume
1.9M
WallStSmart proprietary scores
56
out of 100
Grade: C+
Hold
Investment rating
8.7
Growth
A3.5
Quality
D4.0
Profitability
C6.3
Valuation
B2/9
Piotroski F-Score
Weak
1.2
Altman Z-Score
Distress
—
Industry rank
—
View all highly rated stocks (75+) →206 stocks currently score above 75
Price targets
Analyst target
$19.33
+47.33%
12-Month target
$11.43
-12.88%
Intrinsic (DCF)
$25.80
Margin of safety
+35.74%
2 Strong Buy9 Buy1 Hold0 Sell0 Strong Sell
Price chart
X-Ray snapshot
Strengths
+ Revenue growth 20.20% QoQ
+ 35.74% below intrinsic value
Risks
- Piotroski 2/9 — weak financial health
- Altman Z 1.15 — distress zone
- Thin margins at 1.59%
- Negative free cash flow $-17.56M
- P/E 41.48x — expensive valuation
Key financials
Revenue Net Income Free Cash Flow
| Metric | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $730.16M | $891.55M | $1.02B | $1.22B | $1.22B |
| Net income | $6.91M | $25.39M | $18.93M | $19.43M | $15.16M |
| EPS | — | — | — | — | $0.31 |
| Free cash flow | $-393000.00 | $10.65M | $-12.28M | $-30.99M | $-17.56M |
| Profit margin | 0.95% | 2.85% | 1.86% | 1.59% | 1.59% |
Recent insider activity
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-03-17 | WOLSZCZAK, JAY ANTHONY | Sale | 3,161 | $12.52 |
| 2026-03-17 | TOMASSO, CHRISTOPHER ANTHONY | Sale | 25,062 | $12.52 |
| 2026-03-17 | SORENSEN, LAURA ANNE | Sale | 1,697 | $12.52 |
Peer comparison
Smart narrative
First Watch Restaurant Group Inc trades at $13.12. representing a P/E of 41.48x trailing earnings. Our Smart Value Score of 56/100 indicates the stock is fair. The company scores 2/9 on the Piotroski F-Score. With an Altman Z-Score of 1.15, it sits in the distress. TTM revenue stands at $1.22B. with profit margins at 1.59%. Our DCF model estimates intrinsic value at $25.80.
Frequently asked questions
What is First Watch Restaurant Group Inc's stock price?
First Watch Restaurant Group Inc (FWRG) trades at $13.12.
Is First Watch Restaurant Group Inc overvalued?
Smart Value Score 56/100 (Grade C+, Hold). DCF value $25.80.
What is the price target of First Watch Restaurant Group Inc (FWRG)?
The analyst target price is $19.33, representing +47.3% upside from the current price of $13.12.
What is the intrinsic value of First Watch Restaurant Group Inc (FWRG)?
Based on our DCF model, intrinsic value is $25.80, a +35.7% margin of safety versus $13.12.
What is First Watch Restaurant Group Inc's revenue?
TTM revenue is $1.22B.
Piotroski F-Score?
2/9 — weak financial health.
Altman Z-Score?
1.15 — distress.
Company info
SectorCONSUMER CYCLICAL
IndustryRESTAURANTS
CountryUSA
ExchangeNASDAQ
CurrencyUSD
Quick metrics
P/S ratio0.65x
ROE3.18%
Beta0.98
50D MA$12.40
200D MA$15.82
Shares out0.06B
Float0.06B
Short ratio—
Avg volume1.9M
Performance
1 week-2.34%
1 month+23.19%
3 months-20.11%
YTD-14.39%
1 year—
3 years—
5 years—