Added to YB: 2026-09-09
Pitch date: 2026-09-04
FWRG [neutral]
First Watch Restaurant Group, Inc.
+1.24%
current return
Author Info
Palm Valley Capital Management was founded on the bedrock of an absolute return investment process. Our goal is to deliver an attractive return over a full market cycle, consisting of both a bull and bear market. Sign up for the newsletter.
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
$743.6M
Pitch Price
$12.14
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.74
P/E
42.56
EV/Sales
1.36
Sector
Hotels, Restaurants and Leisure
Category
turnaround
We're Crazy - First Watch Restaurant Group, Inc.
FWRG (monitor): First Watch, a small-cap restaurant stock never previously owned, was added to the possible-buy list as its declining share price becomes more interesting relative to sales and potential normalized earnings. The company still has a long way to go in improving profit margins.
Read full article (5 min)