First Watch Restaurant Group, Inc. (FWRG) Stock Price & Analysis
First Watch Restaurant Group, Inc. (FWRG) fell 0.77% to USD 10.26 as of June 10, 2026 at 04:57 UTC, according to Nexqual real-time market data.
FWRG last closed at USD 10.34; the session ranged USD 10.11–10.6 on volume of 1,241,227 shares. Market capitalization is $632.48M, with a 52-week range of USD 9.97–19.53 (NMS). Source: Nexqual, June 10, 2026 at 04:57 UTC.
Key Statistics (as of June 10, 2026 at 04:57 UTC)
| Price | USD 10.26 |
|---|---|
| Change | ▼ 0.77% (down) |
| Previous Close | USD 10.34 |
| Open | USD 10.21 |
| Day Range | USD 10.11 – 10.6 |
| 52-Week Range | USD 9.97 – 19.53 |
| Volume | 1,241,227 shares |
| Market Cap | $632.48M |
| Exchange | NMS |
Technical Analysis (FWRG)
Nexqual's technical model rates FWRG "SELL" based on 1 bullish and 5 bearish signals across 123 daily candles, as of June 10, 2026 at 04:57 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 34.06 (neutral) |
| vs SMA50 | Below (USD 11.61) |
| MACD | -0.42 (negative) |
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 June 10, 2026 at 04:57 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 0.06 |
| Revenue Estimate | $352.48M |
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, June 10, 2026 at 04:57 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, June 10, 2026 at 04:57 UTC.
Financial Health Score (FWRG)
Nexqual rates First Watch Restaurant Group, Inc.'s overall financial health "Weak" across five dimensions, as of June 10, 2026 at 04:57 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 | +1.75% |
|---|---|
| Institutional Ownership | +112.25% |
| Shares Outstanding | 61.64M |
| Float | 57.44M |
| Short % of Float | +8.54% |
Source: Nexqual, June 10, 2026 at 04:57 UTC.
Leadership (FWRG)
First Watch Restaurant Group, Inc. is led by Christopher A. Tomasso (age 54), CEO, President & Director, per Nexqual as of June 10, 2026 at 04:57 UTC.
| CEO, President & Director | Christopher A. Tomasso (age 54) |
|---|---|
| Senior Vice President of Accounting & Financial Reporting | Christie Price Foster |
| 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 June 10, 2026 at 04:57 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Neuberger Berman Group, LLC | 8.86% |
| Manufacturers Life Insurance Co. | 5.45% |
| Millennium Management | 5.24% |
| John Hancock Investment Trust-Small Cap Core Fund | 4.19% |
| Riverbridge Partners LLC | 3.39% |
| FMR, LLC | 3.24% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 8.9% |
| BNY Mellon | 8.9% |
| Vanguard Group | 6.85% |
| Dimensional Fund Advisors | 5% |
Source: Nexqual, June 10, 2026 at 04:57 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.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| PTLO | Portillo's Inc. | USD 3.96 | ▼ 0.75% |
| ARHS | Arhaus, Inc. | USD 6.68 | ▲ 5.53% |
| CNNE | Cannae Holdings, Inc. | USD 14.22 | ▼ 1.52% |
| XPOF | Xponential Fitness, Inc. | USD 5.72 | ▲ 7.12% |
| MCW | Mister Car Wash, Inc. | USD 7.1 | ▲ 0% |
Data source: Nexqual — real-time market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: June 10, 2026 at 04:57 UTC. This page is informational and not investment advice.