FWRG
First Watch Restaurant Group, Inc. Consumer Discretionary Retail-Eating Places Russell 3000
$12.74Close
$778.8MMarket cap
$10.10 – $18.5652-week range
Nov 3, 2026Next report · before the open
Highlights
Strengths
- Accumulation up-day volume 1.5× down-day volume over 50 sessions
Cautions
- Not in an uptrend 2 of 8 trend conditions
- Lagging the market RS 29 · weaker than 71% of stocks over 12 months
- Far from its high 31% below its 52-week high
- Results soon Nov 3, 2026, in 2 days
- Financial distress Altman Z″ in the distress zone
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
31%
1wk
up 17.0%
price change
1mo
up 25.3%
price change
12-month return
down 23%
market up 11% ·
its own down 36%
F-score
—
— Not assessed
Altman Z″
0.19
Elevated risk
P/E
40.1×
price / earnings
PEG
21.36
P/E / EPS growth
P/B
1.2×
price / book
Earnings yield
up 2.6%
EBIT / enterprise value
Cheaper than
48%
of the market · around average
Revenue growth
up 20%
year on year
EPS growth
up 12%
latest quarter
Sales growth
up 15%
latest quarter · -2 pts
ROE
up 3%
return on equity
Free cash margin
down 3%
-$31.0M FCF
D/E
0.45
long-term debt / equity
Net debt / EBITDA
2.5×
Interest cover
1.5×EBIT / interest
Trade setup
ATR%
5.0%
$0.64 a day · 2×ATR $11.46
RS
29 / 99
vs the universe
Trend
2 / 8
trend template
Relative volume
1.5×
vs 50-day average
Up/down volume
1.53
50 sessions
Implied move
—
no option chain · report Nov 3, 2026
Trend template · 2 of 8
- Price above the 150 and 200-day averages: passes
- Price above the 50-day average: passes
Screen verdict
Did not qualify for any screen.
Warning signs
- Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
- Interest is covered, but thinly Earnings before interest cover the interest bill 1.5 times, leaving little room if profits fall.
Last reported
Aug 4, 2026
Results reaction
Aug 4, 2026+1% vs market2 sessions after results
Financials
- Net 2%
- Free cash -3%
- Cash
- Long-term debt
| FY2020Dec 27, 2020 | FY2021Dec 26, 2021 | FY2022Dec 25, 2022 | FY2023Dec 31, 2023 | FY2024Dec 29, 2024 | FY2025Dec 28, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $342.4M | $601.2M | $730.2M | $891.6M | $1.0B | $1.2B |
| Operating income | -$47.2M | $22.2M | $16.9M | $41.3M | $38.9M | $27.5M |
| Net income | -$49.7M | -$2.1M | $6.9M | $25.4M | $18.9M | $19.4M |
| Net margin | -15% | -0% | 1% | 3% | 2% | 2% |
| Earnings per share | -$1.10 | -$0.04 | $0.11 | $0.41 | $0.30 | $0.31 |
| Free cash flow | -$45.1M | $27.7M | $718,000 | $12.0M | -$12.2M | -$31.0M |
| Free cash margin | -13% | 5% | 0% | 1% | -1% | -3% |
| Cash | $38.8M | $51.9M | $49.7M | $49.6M | $33.3M | $21.2M |
| Long-term debt | $290.0M | $102.9M | $100.9M | $125.4M | $198.3M | $282.4M |
| Shareholders' equity | $320.9M | $504.4M | $523.1M | $561.3M | $595.4M | $626.3M |
| Shares outstanding | 45.01m | 59.05m | 59.21m | 59.89m | 60.70m | 61.13m |
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Aug 4, 2026 | Quarterly ↗ | Jun 28, 2026 | 37d |
| May 5, 2026 | Quarterly ↗ | Mar 29, 2026 | 37d |
| Feb 24, 2026 | Annual ↗ | Dec 28, 2025 | 58d |
| Nov 4, 2025 | Quarterly ↗ | Sep 28, 2025 | 37d |
| Aug 5, 2025 | Quarterly ↗ | Jun 29, 2025 | 37d |
| May 6, 2025 | Quarterly ↗ | Mar 30, 2025 | 37d |
| Mar 11, 2025 | Annual ↗ | Dec 29, 2024 | 72d |
| Nov 7, 2024 | Quarterly ↗ | Sep 29, 2024 | 39d |
| Aug 6, 2024 | Quarterly ↗ | Jun 30, 2024 | 37d |
| May 7, 2024 | Quarterly ↗ | Mar 31, 2024 | 37d |
| Mar 5, 2024 | Annual ↗ | Dec 31, 2023 | 65d |
| Nov 1, 2023 | Quarterly ↗ | Sep 24, 2023 | 38d |
Current reports
| Filed | Disclosed |
|---|---|
| Aug 4, 2026 | Regulation FD ↗ |
| Aug 4, 2026 | Results · Regulation FD ↗ |
| Jun 8, 2026 | Director or officer change ↗ |
| May 21, 2026 | Shareholder vote ↗ |
| May 5, 2026 | Results · Regulation FD ↗ |
| Mar 27, 2026 | Director or officer change ↗ |
| Feb 24, 2026 | Results · Director or officer change · Regulation FD ↗ |
| Jan 12, 2026 | Results ↗ |
| Dec 29, 2025 | Director or officer change ↗ |
| Nov 7, 2025 | Other events ↗ |
| Nov 4, 2025 | Results · Regulation FD ↗ |
| Aug 8, 2025 | Other events ↗ |