FWRG · First Watch Restaurant Group, Inc.
$12.72
-0.25 (-1.93%)
At close · Aug 14
Market Cap
$784.98M
Shares
61.71M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$12.72
Open$12.91
Day$12.68–13.22
52W close$10.11–19.17
Avg vol 30d1.1M
Short int6.0M · 9.7% float · 6.7d
Short vol44%
Last earningsAug 4, 2026
DataOct 2021–Aug 2026
Filing10-Q · Aug 4
Up next
Next earnings call
Nov 3, 2026
Est · unconfirmed
· in 11 wks
FQ3-26 quarter ends
~Sep 28, 2026
Est
filed Aug 4, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Neutral
Momentum
Weak
Sentiment
Bearish
Fundamentals
Weak
Quant / Vol
Very High
Market backdrop
VIX 14.3 · calm
Equity put/call 0.52
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−8%
below
Price vs 50-day avg
+4%
above
RSI (14)
53
neutral
MACD trend
Negative
52-week position
29%
mid-range
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
+2%
trailing
6-month return
−18%
trailing
YTD return
−16%
this year
Relative strength
−32%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $12 › 200d $14 — 200d above 50d
Institutional flow
Distributing
-5% holders QoQ · +32 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
9.75% of float · ▲ +13.1% MoM · 6.7 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
202 holders — mid 3-yr range
Squeeze score
74
high risk · 0–100
Fundamentals
Revenue growth
+20%
Y/Y
EPS growth
+3%
Y/Y
Free cash flow
$-31.0M
Valuation
P/E 43.9
rich
Balance sheet
$247.8M
net debt
Quant / Vol
risk profile
Volatility
53%
annualized · 1-yr
Max drawdown
−47%
past year
ATR
5.0%
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%
Total revenue growth
· 52-week fiscal year ending December 27, 2026
12.5% – 14%
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
Prior guidance
period ended
· from the Earnings Call filed Jun 30, 2024
Total revenue growth
· 2024
17% – 19%
Adjusted EBITDA
· 2024
$106M – $112M
Capital expenditures
· 2024
$125M – $135M
Commodity inflation
· 2024
2% – 4%
Restaurant level labor cost inflation
· 2024
5% – 7%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Neutral
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−8%
Bearish
Price vs 50-day avg
+4%
Bullish
RSI (14)
53
Neutral
MACD trend
Negative
Bearish
52-week position
29%
Neutral
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross)
No cross
50d $12 › 200d $14 — 200d above 50d
Institutional flow
Distributing
-5% holders QoQ · +32 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
9.75% of float · ▲ +13.1% MoM · 6.7 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
202 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $10
Now $13 · 29%
Range high $19
vs 200-day avg -8%
vs 50-day avg +4%
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 |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $34.5M | Q2 2026 | — |
| Company-owned restaurants | 586 | Q2 2026 | — |
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| Comparable Restaurant Base | 454 | Q2 2026 | — |
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| Franchise-owned restaurants | 79 | Q2 2026 | — |
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| Restaurant Level Operating Profit Margin non-GAAP | 18.8% | Q2 2026 | — |
| Same-Restaurant Sales Growth | 3.4% | Q2 2026 | — |
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| Same-Restaurant Traffic Growth | -0.4% | Q2 2026 | — |
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| System-wide new restaurant openings | 18 | Q2 2026 | — |
| System-wide restaurants | 665 | Q2 2026 | — |
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| System-wide sales | $367.6M | Q1 2026 | — |
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| Company-owned new restaurant openings | 55 | 2025 | — |
| Company-owned restaurant openings | 12 | Fourth Quarter | — |
| 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| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
FWRG
this stock
First Watch Restaurant Group, Inc.
|
$784.98M | -15.6% | +20.3% | 43.9 | 9.7% |
|
MCD
Mcdonalds Corp
|
$193.07B | -10.7% | +3.7% | 22.2 | 1.7% |
|
SBUX
Starbucks Corp
|
$122.77B | +27.9% | +2.8% | 62.3 | 3.4% |
|
CMG
Chipotle Mexican Grill Inc
|
$42.39B | -9.5% | +5.4% | 30.7 | 3.1% |
|
YUM
Yum Brands Inc
|
$40.42B | -2.1% | +8.8% | 18.6 | 2.8% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| FWRG | +2.4% | +2.2% | -17.9% | -1.0% | -15.7% |
| SPY | +0.4% | +4.5% | +13.8% | +3.9% | +13.9% |
| vs SPY | +2.0% | -2.3% | -31.7% | -4.9% | -29.5% |
Key facts
CIK
1789940
CUSIP
33748L101
13F (30d)
196 filings
196 filers
Visit website
Investor relations