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FWRG · First Watch Restaurant Group, Inc.

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$12.51 +0.13 (+1.05%) At close · Aug 28
Russell 2000 member Rebalance outlook locked
Market Cap
$772.02M
Shares
61.71M

Price & Indicators

Indicators
Price
Panels
Event markers
20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$12.51 Open$12.62 Day$12.39–12.74 52W close$10.11–18.84 Avg vol 30d1.1M Short int7.1M · 11.6% float · 4.7d Short vol55% Last earningsAug 4, 2026 DataOct 2021–Aug 2026 Filing10-Q · Aug 4

Up next

Next earnings call
Nov 3, 2026 Est · unconfirmed · in 9 wks
FQ3-26 quarter ends
~Sep 28, 2026 Est
Latest filing: 10-Q
filed Aug 4, 2026

AI Brief

TL;DR.

Bullish
    Bearish

      AI-generated from the earnings call and 8-K · may contain errors · not investment advice

      Equibles Rating

      blended score · not investment advice
      Overall
      Strong Sell
      SellHoldBuy
      Technical Sell Momentum Very Weak Sentiment Neutral Fundamentals Weak Quant / Vol Very High
      Market backdrop VIX 14.4 · calm Equity put/call 0.62
      Technical
      price trend
      Sell
      50 / 200-day cross No cross
      Price vs 200-day avg −8%
      below
      Price vs 50-day avg −0%
      below
      RSI (14) 49
      neutral
      MACD trend Negative
      52-week position 27%
      mid-range
      Momentum
      relative strength
      Very Weak
      1-month return −3%
      trailing
      6-month return −1%
      trailing
      YTD return −17%
      this year
      Relative strength −15%
      vs S&P · 6-mo
      Sentiment
      smart money
      Neutral
      Trend (MA cross) No cross
      50d $13 › 200d $14 — 200d above 50d
      Institutional flow Distributing
      -3% holders QoQ · +33 funds added
      Insider flow Flat
      No net insider activity over 90 days
      Short interest Rising
      11.57% of float · ▲ +18.7% MoM · 4.7 days cover
      Volume signal Normal
      Volume near normal
      Institution breadth Multi-yr high
      206 holders — near 3-yr high, broad support
      Squeeze score 76
      high risk · 0–100
      Fundamentals
      Weak
      Revenue growth +20%
      Y/Y
      EPS growth +3%
      Y/Y
      Free cash flow $-31.0M
      Valuation P/E 43.1
      rich
      Balance sheet $261.1M
      net debt
      Quant / Vol
      risk profile
      Very High
      Volatility 53%
      annualized · 1-yr
      Max drawdown −46%
      past year
      ATR 4.5%
      of price · 14-day

      Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

      Guidance & track record

      Latest guidance · from the 8-K filed Aug 4, 2026
      Same-Restaurant Sales Growth · 52-week fiscal year ending December 27, 2026 1.5% – 3%
      Adjusted EBITDA · 52-week fiscal year ending December 27, 2026 Non-GAAP $133M – $136M
      Capital expenditures · 52-week fiscal year ending December 27, 2026 $145M – $150M
      Total revenue growth · 52-week fiscal year ending December 27, 2026 12.5% – 14%
      Prior guidance period ended · from the 8-K filed Nov 4, 2025
      Blended tax rate · 52-week fiscal year ending December 28, 2025 45%
      Adjusted EBITDA · 52-week fiscal year ending December 28, 2025 $123M
      Same-restaurant sales growth · 52-week fiscal year ending December 28, 2025 4%
      Capital expenditures · 52-week fiscal year ending December 28, 2025 $150M

      Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

      Technicals

      trend & momentum for long-term holders Sell
      2 · 4 · 0
      50 / 200-day cross
      No cross Neutral
      Price vs 200-day avg
      −8% Bearish
      Price vs 50-day avg
      −0% Neutral
      RSI (14)
      49 Neutral
      MACD trend
      Negative Bearish
      52-week position
      27% Neutral
      Market signals — smart money & positioning
      Bearish · 2 of 6
      Trend (MA cross) No cross
      50d $13 › 200d $14 — 200d above 50d
      Institutional flow Distributing
      -3% holders QoQ · +33 funds added
      Insider flow Flat
      No net insider activity over 90 days
      Short interest Rising
      11.57% of float · ▲ +18.7% MoM · 4.7 days cover
      Volume signal Normal
      Volume near normal
      Institution breadth Multi-yr high
      206 holders — near 3-yr high, broad support
      Price context
      position in its 52-week range
      Range low $10 Now $13 · 27% Range high $19
      vs 200-day avg -8% vs 50-day avg 0%

      Illustrative technical + ownership context — a signal mix, not investment advice.

      Key metrics

      the company's own KPIs, from written earnings releases and filings
      Metric Latest Period YoY
      Company-owned 572 March 29, 2026 —
      Franchise-owned 76 March 29, 2026 —
      AUV $2.25M FY 2025 —
      Company-owned restaurants 560 FY 2025 —
      New system-wide restaurant openings 13 Fourth Quarter —

      Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

      Versus peers

      Restaurants — same industry group
      Open screener →
      Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
      FWRG
      First Watch Restaurant Group, Inc.
      this stock
      		$772.02M -17.0% +20.3% 43.1 11.6%
      MCD
      Mcdonalds Corp
      		 $184.03B -13.3% +3.7% 21.1 1.6%
      SBUX
      Starbucks Corp
      		 $123.41B +28.1% +2.8% 62.6 3.3%
      CMG
      Chipotle Mexican Grill Inc
      		 $48.12B +2.8% +5.4% 34.9 3.0%
      YUM
      Yum Brands Inc
      		 $41.99B +1.7% +8.8% 19.4 3.2%

      Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

      At a glance

      key data from every section
      Ownership
      Institutional Holders Reducing
      Holders
      206
      % held
      106.1%
      Net QoQ
      -2.6M sh
      Top holder
      BlackRock, Inc.
      Held Float
      View
      Held by Funds
      Fund positions
      200
      View
      Short & Settlement
      Short Interest Rising
      Shares short
      7.1M
      Days to cover
      4.7d
      Change
      +1.1M sh
      View
      Short Volume
      Short vol %
      55%
      As of
      Aug 28, 2026
      Short Total
      View
      Fails to Deliver
      FTD shares
      412
      Value
      $5.0K
      As of
      Jul 27, 2026
      View
      Off-Exchange
      Off-exchange %
      38.2%
      Week of
      Jul 20, 2026
      Off-exch Lit
      View
      Smart Money
      Congressional Trades Buy
      Member
      Josh Gottheimer
      Amount
      $1.0K–$15.0K
      Traded
      Apr 6, 2026
      View
      Financials
      Financials
      Revenue (FY)
      $1.2B
      Net income (FY)
      $19.4M
      EPS diluted
      $0.31
      View
      Filings
      SEC Filings
      Latest
      8-K
      Filed
      Aug 4, 2026
      This year
      14
      View
      Proposed Sales
      Value
      $104.8K
      Shares
      6.2K
      Filed
      Jan 22, 2026
      View
      Earnings & Events
      Earnings Calls
      Last call
      Aug 4, 2026
      View

      Performance

      5D 20D 120D MTD YTD
      FWRG -4.0% -2.7% -1.2% -2.7% -17.0%
      SPY +0.5% +3.0% +13.4% +3.0% +12.8%
      vs SPY -4.5% -5.6% -14.6% -5.6% -29.9%
      Key facts CIK 1789940 CUSIP 33748L101 13F (30d) 177 filings 177 filers Visit website Investor relations

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