- ISIN
- US33748L1017
- CUSIP
- 33748L101
- Sector
- Consumer Cyclical
- Industry
- Restaurants
- IPO Date
- Oct 1, 2021
Highlights
- Market Cap
- $707.97M
- Enterprise Value
- $1.54B
- EPS (TTM)
- $0.28
- PE Ratio
- 41.02
- PEG Ratio
- 0.53
- Total Revenue (TTM)
- $1.27B
- Gross Profit (TTM)
- $200.50M
- EBITDA (TTM)
- $110.28M
- Year Range
- $9.97 - $19.53
- Target Price
- $17.33
- ROA (TTM)
- 0.99%
- ROE (TTM)
- 2.80%
Share Price Chart
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Performance
FWRG Performance Chart
First Watch Restaurant Group, Inc. (FWRG) is down 23.3% since the beginning of the year. At $12 per share, FWRG is trading 40.8% below its 52-week high of $20.
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Returns By Period
First Watch Restaurant Group, Inc. (FWRG) has returned -23.34% so far this year and -26.97% over the past 12 months.
First Watch Restaurant Group, Inc.
- 1D
- -2.12%
- 1M
- 0.61%
- YTD
- -23.34%
- 6M
- -27.34%
- 1Y
- -26.97%
- 3Y*
- -10.45%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FWRG Monthly Returns History
Based on dividend-adjusted daily data since Oct 1, 2021, FWRG's average daily return is 0.00%, while the average monthly return is -0.35%.
Historically, 51% of months were positive and 49% were negative. The best month was Apr 2026 with a return of +25.2%, while the worst month was May 2024 at -22.9%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FWRG closed higher 48% of trading days. The best single day was Apr 9, 2025 with a return of +15.1%, while the worst single day was Feb 24, 2026 at -20.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.03% | -22.08% | -15.89% | 25.19% | -11.36% | -0.60% | -23.34% | ||||||
| 2025 | 12.74% | 1.62% | -21.90% | 6.07% | -12.57% | 3.89% | 7.79% | 8.96% | -16.99% | 5.43% | 12.55% | -18.75% | -18.97% |
| 2024 | 6.77% | 16.73% | -1.72% | 3.66% | -22.88% | -10.77% | -7.35% | 1.48% | -5.51% | 8.94% | 12.33% | -2.51% | -7.41% |
| 2023 | 19.73% | -5.68% | 5.10% | 0.12% | 9.76% | -4.25% | 10.30% | 2.58% | -9.57% | -3.35% | 8.20% | 11.17% | 48.56% |
| 2022 | -10.26% | -3.52% | -10.06% | -0.38% | 22.31% | -9.31% | 15.26% | 0.90% | -13.66% | 17.75% | -8.04% | -13.71% | -19.27% |
| 2021 | 2.76% | -7.65% | -15.91% | -20.19% |
Benchmark Metrics
First Watch Restaurant Group, Inc. has an annualized alpha of -15.20%, beta of 1.16, and R2 of 0.17 versus S&P 500 Index. Calculated based on daily prices since October 01, 2021.
- This stock participated in 153.22% of S&P 500 Index downside but only 59.35% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.17 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -15.20%
- Beta
- 1.16
- R²
- 0.17
- Upside Capture
- 59.35%
- Downside Capture
- 153.22%
Return for Risk
Risk / Return Rank
FWRG ranks 20 for risk / return — in the bottom 20% of stocks on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Watch Restaurant Group, Inc. (FWRG) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FWRG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.54 | ||
| Sortino ratioReturn per unit of downside risk | -3.21 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.37 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 2.78 | -3.36 |
| Martin ratioReturn relative to average drawdown | -1.12 | 12.44 | -13.55 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the First Watch Restaurant Group, Inc.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Watch Restaurant Group, Inc. was 60.38%, occurring on Mar 30, 2026. The portfolio has not yet recovered.
The current First Watch Restaurant Group, Inc. drawdown is 54.70%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -60.38%Mar 2026 | 1y 11mo | — | 2y 1moMay 2024 - now |
Bear market2022 | -47.51%Mar 2022 | 4mo 20d | 1y 11mo | 2y 3moOct 2021 - Feb 2024 |
2024 correction2024 | -13.39%Apr 2024 | 1mo 13d | 13d | 1mo 26dMar 2024 - Apr 2024 |
2021 pullback2021 | -6.63%Oct 2021 | 0s | 11d | 11dOct 2021 - Oct 2021 |
2021 pullback2021 | -3.75%Oct 2021 | 1d | 1d | 2dOct 2021 - Oct 2021 |
Drawdown Indicators
| FWRG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.38% | -56.78% | -3.60% |
Max Drawdown (1Y)Largest decline over 1 year | -47.26% | -9.10% | -38.16% |
Max Drawdown (3Y)Largest decline over 3 years | -60.38% | -18.90% | -41.48% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -54.70% | -1.80% | -52.90% |
Average DrawdownAverage peak-to-trough decline | -29.16% | -10.71% | -18.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.21% | 2.03% | +22.18% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Financials
Financial Performance
The chart below illustrates the trends in the financial health of First Watch Restaurant Group, Inc. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.
Valuation
The Valuation section provides an overview of how First Watch Restaurant Group, Inc. is priced in the market compared to other companies in the Restaurants industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.
PE Ratio
The chart displays the Price-to-Earnings (P/E) ratio for FWRG, comparing it with other companies in the Restaurants industry. Currently, FWRG has a P/E ratio of 41.0. This P/E ratio is significantly higher than those of industry peers. This could indicate that the stock is overvalued or that investors expect strong future growth.
PEG Ratio
The chart shows the Price/Earnings to Growth (PEG) ratio for FWRG compared to other companies in the Restaurants industry. FWRG currently has a PEG ratio of 0.5. This PEG ratio is close to the industry average, suggesting the stock’s valuation is balanced against its growth outlook.
PS Ratio
This chart shows the Price-to-Sales (P/S) ratio for FWRG relative to other companies in the Restaurants industry. Currently, FWRG has a P/S ratio of 0.6. This P/S ratio falls within the average range for the industry, suggesting the stock is fairly valued based on its revenue.
PB Ratio
The chart illustrates the Price-to-Book (P/B) ratio for FWRG in comparison with other companies in the Restaurants industry. Currently, FWRG has a P/B value of 1.1. This P/B ratio is in line with the industry average, suggesting the stock is valued fairly in relation to its book value.
Income Statement
| TTM | |
|---|---|
Revenue | — |
Total Revenue | — |
Cost Of Revenue | — |
Gross Profit | — |
Operating Expenses | — |
Selling, General & Admin Expenses | — |
R&D Expenses | — |
Depreciation And Amortization | — |
Total Operating Expenses | — |
Income | — |
Income Before Tax | — |
Operating Income | — |
EBITDA | — |
EBIT | — |
Earnings From Continuing Operations | — |
Net Income | — |
Income Tax Expense | — |
Other Non-Operating Income (Expenses) | — |
Extraordinary Items | — |
Discontinued Operations | — |
Effect Of Accounting Charges | — |
Non Recurring | — |
Minority Interest | — |
Other Items | — |
Interest Income | — |
Interest Expense | — |
Net Interest Income | — |
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