First Watch Restaurant Group, Inc. (FWRG) Stock Price & Analysis
First Watch Restaurant Group, Inc. (FWRG) rose 1.34% to USD 12.12 as of July 25, 2026 at 10:42 UTC, according to Nexqual real-time market data.
FWRG last closed at USD 11.96; the session ranged USD 11.94–12.38 on volume of 635,656 shares. Market capitalization is $747.14M, with a 52-week range of USD 9.97–19.53 (NMS). Source: Nexqual, July 25, 2026 at 10:42 UTC.
Key Statistics (as of July 25, 2026 at 10:42 UTC)
| Price | USD 12.12 |
|---|---|
| Change | ▲ 1.34% (up) |
| Previous Close | USD 11.96 |
| Open | USD 12.01 |
| Day Range | USD 11.94 – 12.38 |
| 52-Week Range | USD 9.97 – 19.53 |
| Volume | 635,656 shares |
| Market Cap | $747.14M |
| Exchange | NMS |
Technical Analysis (FWRG)
Nexqual's technical model rates FWRG "NEUTRAL" based on 3 bullish and 3 bearish signals across 125 daily candles, as of July 25, 2026 at 10:42 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 53.66 (neutral) |
| vs SMA50 | Above (USD 11.75) |
| MACD | 0.06 (positive) |
Analyst Ratings (FWRG)
Wall Street analysts rate FWRG "Strong Buy" based on 11 analysts, with a mean price target of USD 19.45 (range USD 17–22), per Nexqual as of July 25, 2026 at 10:42 UTC.
| Consensus Rating | Strong Buy |
|---|---|
| Analyst Count | 11 |
| Mean Target | USD 19.45 |
| High Target | USD 22 |
| Low Target | USD 17 |
| Buy / Hold / Sell | 10 / 0 / 0 |
Earnings (FWRG)
| Next Earnings Date | 2026-08-04 |
|---|---|
| EPS Estimate | USD 0.05 |
| Revenue Estimate | $351.57M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-03-31 | USD -0.02 vs est -0.03 ▲ beat |
| 2025-12-31 | USD 0.26 vs est 0.07 ▲ beat |
| 2025-09-30 | USD 0.06 vs est 0.07 ▼ miss |
| 2025-06-30 | USD 0.05 vs est 0.06 ▼ miss |
Source: Nexqual, July 25, 2026 at 10:42 UTC.
Financials & Fundamentals (FWRG)
| Total Revenue | $1.27B |
|---|---|
| Revenue Growth (YoY) | +17.30% |
| Gross Margin | +20.66% |
| Operating Margin | +0.82% |
| Profit Margin | +1.38% |
| ROE | +2.87% |
| Debt / Equity | 164.29 |
| Current Ratio | 0.29 |
| Total Cash | $23.57M |
| Total Debt | $1.03B |
| Free Cash Flow | $-38.23M |
Source: Nexqual, July 25, 2026 at 10:42 UTC.
Financial Health Score (FWRG)
Nexqual rates First Watch Restaurant Group, Inc.'s overall financial health "Weak" across five dimensions, as of July 25, 2026 at 10:42 UTC.
| Growth | Strong — Revenue +20% YoY (annual) |
|---|---|
| Profitability | Weak — Gross margin 21%, operating 1% |
| Balance Sheet | Critical — $24M cash vs $1.03B debt |
| Cash Flow | Weak — FCF negative: -$38M, burning cash |
| Efficiency | Weak — ROE 3%, ROA 1.3% |
Ownership (FWRG)
| Insider Ownership | +1.85% |
|---|---|
| Institutional Ownership | +107.54% |
| Shares Outstanding | 61.64M |
| Float | 60.67M |
| Short % of Float | +9.67% |
Source: Nexqual, July 25, 2026 at 10:42 UTC.
Leadership (FWRG)
First Watch Restaurant Group, Inc. is led by Christopher A. Tomasso (age 54), CEO, President & Director, per Nexqual as of July 25, 2026 at 10:42 UTC.
| CEO, President & Director | Christopher A. Tomasso (age 54) |
|---|---|
| CFO & Principal Accounting Officer | Ashlee Weisser (age 42) |
| Vice President of Investor Relations | Steven Louis Marotta C.F.A. |
| Senior Vice President of Culinary Strategy of First Watch Restaurants Inc | Shane Schaibly (age 42) |
| Senior Vice President of Supply Chain of First Watch Restaurants, Inc | Lilah Rippett (age 66) |
Major Backers & Investors (FWRG)
Notable institutional backers of First Watch Restaurant Group, Inc. include Neuberger Berman Group, LLC, Manufacturers Life Insurance Co., Millennium Management, according to Nexqual as of July 25, 2026 at 10:42 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Neuberger Berman Group, LLC | 9.19% |
| Manufacturers Life Insurance Co. | 5.45% |
| Millennium Management | 5.24% |
| John Hancock Investment Trust-Small Cap Core Fund | 4.47% |
| FMR, LLC | 3.24% |
| GW&K Investment Management, LLC | 3.18% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 8.92% |
| BNY Mellon | 8.9% |
| Vanguard Group | 6.85% |
| Dimensional Fund Advisors | 5% |
Source: Nexqual, July 25, 2026 at 10:42 UTC.
From First Watch Restaurant Group, Inc.'s Latest SEC 10-K Filing (filed 2026-02-24)
Key Strengths & Strategy (as disclosed to the SEC)
- We have built our brand on our commitment to operational excellence, our culinary mission centered around a fresh, continuously evolving menu, and our "You First" culture.
- Our focus on one daytime shift enables us to optimize restaurant operations while generating an average unit volume of $2.3 million per restaurant in 2025 in only 7.5 hours per day.
- We believe our approach and operating model have enabled us to retain and attract the best and brightest employees in the industry and are key factors in our ability to meet our growing demand across the country.
- We employ a narrow span of supervisory control, which we believe contributes to the consistency of our restaurants' performance across our system.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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| KRUS | Kura Sushi USA, Inc. | USD 44.17 | ▼ 3.01% |
Data source: Nexqual — real-time market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: July 25, 2026 at 10:42 UTC. This page is informational and not investment advice.