First Watch Restaurant Stock Today

FWRG Stock  USD 15.91  0.12  0.76%   

Performance

Weak

 
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Strong

Odds Of Distress

Moderate

 
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First Watch is trading at 15.91 as of the 29th of December 2025. This is a 0.76 percent increase since the beginning of the trading day. The stock's lowest day price was 15.65. First Watch has over 57 % chance of experiencing financial distress in the next 2 years of operation and did not have a very good performance during the last 90 trading days. The performance scores are derived for the period starting the 29th of November 2025 and ending today, the 29th of December 2025. Click here to learn more.
Business Domain
Consumer Services
IPO Date
1st of October 2021
Category
Consumer Cyclical
Classification
Consumer Discretionary
First Watch Restaurant Group, Inc. operates and franchises restaurants under the First Watch trade name. First Watch Restaurant Group, Inc. was founded in 1983 and is headquartered in Bradenton, Florida. First Watch operates under Restaurants classification in the United States and is traded on NASDAQ Exchange. The company has 61.03 M outstanding shares of which 5.45 M shares are currently shorted by private and institutional investors with about 4.74 trading days to cover. More on First Watch Restaurant

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First Stock Highlights

ESG Sustainability
Environmental
Governance
Social
President CEOChristopher Tomasso
Business ConcentrationHotels, Restaurants & Leisure, Consumer Services, Consumer Discretionary, NASDAQ Composite, Nasdaq Benchmark Consumer, Consumer Discretionary, Hotels, Restaurants & Leisure, Restaurants, Consumer Cyclical (View all Sectors)
Average Analyst Recommendation
Debt Levels
First Watch can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand First Watch's financial leverage. It provides some insight into what part of First Watch's total assets is financed by creditors.
Liquidity
First Watch Restaurant currently holds 809.55 M in liabilities with Debt to Equity (D/E) ratio of 0.95, which is about average as compared to similar companies. First Watch Restaurant has a current ratio of 0.74, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about First Watch's use of debt, we should always consider it together with its cash and equity.

Net Borrowings

74.24 Million
First Watch Restaurant (FWRG) is traded on NASDAQ Exchange in USA and employs 15,000 people. First Watch is listed under Hotels, Restaurants & Leisure category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 971.02 M. First Watch Restaurant conducts business under Hotels, Restaurants & Leisure sector and is part of Consumer Discretionary industry. The entity has 61.03 M outstanding shares of which 5.45 M shares are currently shorted by private and institutional investors with about 4.74 trading days to cover. First Watch Restaurant currently holds about 53.57 M in cash with 115.67 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.91.
Check First Watch Probability Of Bankruptcy
Ownership Allocation
The majority of First Watch Restaurant outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in First Watch Restaurant to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in First Watch. Please pay attention to any change in the institutional holdings of First Watch Restaurant as this could imply that something significant has changed or is about to change at the company.
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First Stock Institutional Holders

InstituionRecorded OnShares
Granahan Investment Management Inc..2025-06-30
1.6 M
Neuberger Berman Group Llc2025-06-30
1.6 M
12 West Capital Management Lp2025-06-30
1.5 M
Riverbridge Partners Llc2025-06-30
1.3 M
Marshall Wace Asset Management Ltd2025-06-30
1.2 M
Loomis, Sayles & Company Lp2025-06-30
1.1 M
Brown Advisory Holdings Inc2025-06-30
1.1 M
Geode Capital Management, Llc2025-06-30
M
Wellington Management Company Llp2025-06-30
M
Advent International Lp2025-06-30
14.7 M
Blackrock Inc2025-06-30
2.9 M
View First Watch Diagnostics

First Watch Restaurant Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. First Watch market risk premium is the additional return an investor will receive from holding First Watch long position in a well-diversified portfolio.

First Stock Against Markets

First Watch Corporate Management

Jay WolszczakGeneral OfficerProfile
Jody GaleSenior LegalProfile
Henry IIICFO TreasurerProfile
Shane SchaiblySenior IncProfile
Calum MiddletonInc RestaurantsProfile
Steven CFAVice RelationsProfile
When determining whether First Watch Restaurant is a strong investment it is important to analyze First Watch's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact First Watch's future performance. For an informed investment choice regarding First Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Watch Restaurant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Watch. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Watch listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.634
Earnings Share
0.08
Revenue Per Share
19.216
Quarterly Revenue Growth
0.256
Return On Assets
0.0115
The market value of First Watch Restaurant is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Watch's value that differs from its market value or its book value, called intrinsic value, which is First Watch's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Watch's market value can be influenced by many factors that don't directly affect First Watch's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Watch's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Watch is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Watch's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.