How to buy First Watch Restaurant Group stock (First Watch Restaurant Group)

Bradenton, Florida-based restaurant chain First Watch Restaurant Group hit the IPO market Oct. 1, raising about $190 million. Shares priced overnight at $18, and at midday were trading near $22.

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First Watch Restaurant Group stock price (NASDAQ: FWRG)

Use our graph to track the performance of FWRG stocks over time.

First Watch Restaurant Group shares at a glance

• Key figures

Information last updated 2024-12-19.

Latest market close	$18.61
52-week range	$12.90 - $25.98
50-day moving average more info button	$17.80
200-day moving average more info button	$18.67
Wall St. target price	$23.55
PE ratio more info button	56.1515
Dividend yield more info button	N/A
Earnings per share (TTM) more info button	$0.33

Is it a good time to buy First Watch Restaurant Group stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

First Watch Restaurant Group price performance over time

Historical closes compared with the close of $18.25 from 2024-12-19

1 week (2024-12-13)	-6.36%
1 month (2024-11-21)	2.82%
3 months (2024-09-20)	18.20%
6 months (2024-06-21)	-0.92%

1 year (2023-12-21)	-10.01%
2 years (2022-12-21)	28.98%
3 years (2021-12-21)	18.89%
5 years (2019-12-17)	N/A

Is First Watch Restaurant Group stock undervalued or overvalued?

Valuing First Watch Restaurant Group stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of First Watch Restaurant Group's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

First Watch Restaurant Group's P/E ratio

First Watch Restaurant Group's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 56x. In other words, First Watch Restaurant Group shares trade at around 56x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

However, First Watch Restaurant Group's P/E ratio is best considered in relation to those of others within the restaurants industry or those of similar companies.

• Chipotle Mexican Grill (CMG.US): 56.80
• Darden Restaurants (DRI.US): 18.46
• Dave-and-Buster’s Entertainment (PLAY.US): 12.65

First Watch Restaurant Group's EBITDA

First Watch Restaurant Group's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $99.7 million.

The EBITDA is a measure of a First Watch Restaurant Group's overall financial performance and is widely used to measure a its profitability.

To put First Watch Restaurant Group's EBITDA into context you can compare it against that of similar companies.

• Chipotle Mexican Grill (CMG.US): USD$2.2 billion
• Darden Restaurants (DRI.US): USD$1.8 billion
• Dave-and-Buster’s Entertainment (PLAY.US): USD$521.2 million

First Watch Restaurant Group financials

Revenue TTM	$997.3 million
Operating margin TTM	2.95%
Gross profit TTM	$144.9 million
Return on assets TTM	2.12%
Return on equity TTM	3.64%
Profit margin	2.09%
Book value	$9.73
Market Capitalization more info button	$1.1 billion

TTM: trailing 12 months

First Watch Restaurant Group share dividends

We're not expecting First Watch Restaurant Group to pay a dividend over the next 12 months.

You may also wish to consider:

• Darden Restaurants (DRI.US) (3.38% forward annual dividend yield)

First Watch Restaurant Group share price volatility

Over the last 12 months, First Watch Restaurant Group's shares have ranged in value from as little as $12.9 up to $25.98. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while First Watch Restaurant Group's is 0.849. This would suggest that First Watch Restaurant Group's shares are less volatile than average (for this exchange).

To put First Watch Restaurant Group's beta into context you can compare it against those of similar companies.

• Chipotle Mexican Grill (CMG.US): 1.266
• Darden Restaurants (DRI.US): 1.309
• Dave-and-Buster’s Entertainment (PLAY.US): 2.138

First Watch Restaurant Group overview

First Watch Restaurant Group, Inc. , through its subsidiaries, operates and franchises restaurants under the First Watch trade name in the United States. The company was formerly known as AI Fresh Super Holdco, Inc. and changed its name to First Watch Restaurant Group, Inc. in December 2019. First Watch Restaurant Group, Inc. was founded in 1983 and is based in Bradenton, Florida.

Frequently asked questions

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What percentage of First Watch Restaurant Group is owned by insiders or institutions?
Currently 1.393% of First Watch Restaurant Group shares are held by insiders and 97.22% by institutions. How many people work for First Watch Restaurant Group?
Latest data suggests 14,000 work at First Watch Restaurant Group. When does the fiscal year end for First Watch Restaurant Group?
First Watch Restaurant Group's fiscal year ends in December. Where is First Watch Restaurant Group based?
First Watch Restaurant Group's address is: 8725 Pendery Place, Bradenton, FL, United States, 34201 What is First Watch Restaurant Group's ISIN number?
First Watch Restaurant Group's international securities identification number is: US33748L1017