Added to YB: 2026-08-25
Pitch date: 2026-08-23
FWRG [neutral]
First Watch Restaurant Group, Inc.
+1.07%
current return
Author Info
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Company Info
First Watch Restaurant Group, Inc., through its subsidiaries, operates and franchises restaurants under the First Watch trade name in the United States.
Market Cap
$804.1M
Pitch Price
$13.03
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.00
P/E
46.02
EV/Sales
1.41
Sector
Hotels, Restaurants and Leisure
Category
growth
Company a Day #33: First Watch Restaurant Group
FWRG (overview): First Watch, daytime-only (breakfast/brunch/lunch, closes 2:30pm) full-service restaurant, 648 units in 32 states, mostly company-owned. 'No Nights Ever' aids labor recruiting/retention; fresh made-to-order (no microwaves/fryers), seasonal menus, one all-day menu. Key: compressed revenue window needs high daytime throughput/table turns. Risks: daytime-only can't offset dinner, ingredient concentration (eggs/coffee/pork), rapid-growth dilution of quality/culture.
Read full article (36 min)