First Watch Restaurant Group

First Watch Restaurant Group, Inc. owns and operates restaurants. It provides breakfast, brunch and lunch with alcohol and cocktails. The company was founded by John Sullivan in 1983 and is headquartered in Bradenton, FL.

Earnings data Q3 2021

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First Watch Restaurant Group posts robust Q4 performance and outlines growth strategies for 2023

First Watch Restaurant Group reported strong Q4 2022 performance, with notable sales growth and revenue increases. The company's focus on operational enhancements, role specialization, and dining experience optimization positions it well for sustained growth. Challenges such as weather impacts and cost pressures are being addressed with caution and strategic planning.

First Watch Restaurant Group posts strong Q1 results amid growth plans

First Watch Restaurant Group delivered robust Q1 2023 results, showcasing strong sales growth and improved profitability metrics.
While facing challenges like regulatory increases and potential traffic slowdowns, the company remains focused on growth strategies and operational excellence.
Opportunities lie in expansion plans, menu innovation, and customer experience enhancements to drive future performance.
Overall, First Watch's performance reflects resilience and strategic focus amidst industry challenges and opportunities.

First Watch Restaurant Group posts robust Q2 results and eyes growth opportunities

First Watch Restaurant Group (FWRG) reported strong financial performance and operational success in Q2 2023, driven by sales growth and strategic initiatives.
Despite facing challenges related to inflation and delivery traffic headwinds, the company remains focused on growth and enhancing customer experiences.
With a clear focus on in-restaurant dining customers, FWRG aims to capitalize on opportunities for expansion and operational efficiency to drive future growth.
Management's commitment to meeting demand, improving profitability, and sustaining a customer-centric approach positions FWRG for continued success in the market.

First Watch Restaurant Group (FWRG) reports robust Q3 earnings and expansion plans

First Watch Restaurant Group (FWRG) delivered strong financial performance in Q3 2023, outperforming the industry and raising its full-year outlook.
The company's focus on employee engagement, growth through new restaurant openings, and strategic acquisitions positions it well for future success.
While facing challenges such as increased expenses and macroeconomic uncertainties, FWRG remains optimistic about its growth prospects and operational efficiency.

First Watch Restaurant Group excels in 2023, eyes growth opportunities

First Watch Restaurant Group had a remarkable 2023 with strong financial performance and operational achievements.
While facing challenges like flat to negative traffic and site-specific prototype adjustments, the company is well-positioned for growth.
Opportunities lie in expansion into new markets, optimizing pricing strategies, and enhancing off-premise sales and customer relationships.

First Watch Restaurant Group posts strong Q1 results and eyes growth

First Watch's Q1 2024 performance reflects resilience and strategic focus on sustainable growth amidst challenges.
The company's emphasis on tech innovation, operational efficiency, and market expansion positions it for future success.
Balancing short-term challenges with long-term opportunities, First Watch remains committed to driving value and growth.

First Watch Restaurant Group reports robust Q2 performance and growth opportunities

First Watch Restaurant Group (FWRG) delivered strong Q2 results with revenue growth and improved customer metrics.
Despite challenges in the industry, FWRG's strategic focus on technology, customer service, and value proposition positions it for future growth.
Maintaining operational efficiency and navigating industry uncertainties are key priorities for FWRG's continued success.

First Watch Restaurant Group reports robust Q3 performance and growth outlook

First Watch Restaurant Group's Q3 performance reflects strong sales and EBITDA growth, with a focus on customer-centric strategies and operational improvements. While facing challenges in sales growth estimates and cost pressures, the company is optimistic about its growth trajectory and expansion plans.

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First Watch Restaurant Group, Inc. (FWRG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About First Watch Restaurant Group, Inc. (FWRG) Rating Upgrade to Buy

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Investors looking for stocks in the Retail - Restaurants sector might want to consider either First Watch Restaurant Group, Inc. (FWRG) or Chipotle Mexican Grill (CMG). But which of these two stocks offers value investors a better bang for their buck right now?

FWRG or CMG: Which Is the Better Value Stock Right Now?

Leading Daytime Dining concept strengthens Board with appointment of new independent director Leading Daytime Dining concept strengthens Board with appointment of new independent director

First Watch Announces Appointment of Jostein Solheim to Board of Directors

The mean of analysts' price targets for First Watch Restaurant Group, Inc. (FWRG) points to a 28.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts See a 28.18% Upside in First Watch Restaurant Group, Inc. (FWRG): Can the Stock Really Move This High?

Investors looking for stocks in the Retail - Restaurants sector might want to consider either First Watch Restaurant Group, Inc. (FWRG) or Chipotle Mexican Grill (CMG). But which of these two companies is the best option for those looking for undervalued stocks?

FWRG vs. CMG: Which Stock Is the Better Value Option?

BRADENTON, Fla., Nov. 21, 2023 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announced that the Company will host a fireside chat at the Barclays Eat, Sleep, Play Conference in New York City on Tuesday, November 28, 2023 at 2:00 PM ET and meet with institutional investors.

First Watch Restaurant Group, Inc. to Participate at the Barclays Eat, Sleep, Play Conference

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We have narrowed our search to five restaurant stocks that have strong growth potential for the rest of 2023. These are: TAST, WING, CHUY, FWRG, SHAK.

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BRADENTON, Fla., Nov. 13, 2023 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept, announced that it has acquired, effective today, six of its previously franchise-owned restaurants in Florida.

First Watch Announces Acquisition of Six Franchise Restaurants in Florida

The mean of analysts' price targets for First Watch Restaurant Group, Inc. (FWRG) points to a 37% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Think First Watch Restaurant Group, Inc. (FWRG) Could Surge 37.01%: Read This Before Placing a Bet

FWRG vs. CMG: Which Stock Should Value Investors Buy Now?

First Watch Restaurant Group, Inc. (NASDAQ:FWRG ) Q3 2023 Earnings Call Transcript November 1, 2023 8:00 AM ET Company Participants Steve Marotta - Vice President of Investor Relations Christopher Tomasso - Chief Executive Officer & President Mel Hope - Chief Financial Officer Conference Call Participants Jeffrey Bernstein - Barclays Katherine Griffin - Bank of America Andy Barish - Jefferies Ella Ji - Stifel Brian Vaccaro - Raymond James Ashley Aloupis - Piper Sandler John McNamara - Guggenheim Securities Operator Thank you for standing by and welcome to the First Watch Restaurant Group, Inc. Third Quarter 2023 Earnings Conference Call, occurring today November 1, 2023 at 8:00 AM Eastern Time. Please note that all participants are currently in a listen-only mode.

First Watch Restaurant Group, Inc. (FWRG) Q3 2023 Earnings Call Transcript

While the top- and bottom-line numbers for First Watch Restaurant Group, Inc. (FWRG) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, First Watch Restaurant Group, Inc. (FWRG) Q3 Earnings: A Look at Key Metrics

Same-restaurant sales growth of 4.8% and total revenue growth of 17.3%  Income from operations margin of 3.6% and Restaurant level operating profit margin of 18.7%  Net income of $5.4 million and Adjusted EBITDA of $21.6 million  13 system-wide restaurants opened across 10 states  Raising 2023 same-restaurant sales growth, total revenue growth and Adjusted EBITDA guidance

First Watch Restaurant Group, Inc. Reports Strong Q3 2023 Financial Results and Surpasses 500 System-Wide Restaurants

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Restaurant sales are soaring, which is likely to help stocks like Carrols Restaurant Group, Inc. (TAST), First Watch Restaurant Group, Inc. (FWRG), Kura Sushi USA, Inc. (KRUS) and Arcos Dorados Holdings Inc. (ARCO).

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The mean of analysts' price targets for First Watch Restaurant Group, Inc. (FWRG) points to a 30.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Believe First Watch Restaurant Group, Inc. (FWRG) Could Rally 30.68%: Here's is How to Trade

BRADENTON, Fla., Oct. 18, 2023 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announced that it plans to release its third quarter 2023 financial results on Wednesday, November 1, 2023, before the market opens.

First Watch Restaurant Group, Inc. to Report Third Quarter 2023 Financial Results on November 1, 2023

First Watch was recently named as one of the top places to work based on a recent survey. FWRG has completed 17 franchisee acquisitions so far this year. My rating for FWRG stays as a Buy, as I have a positive opinion of the company's latest developments.

First Watch Restaurant: Positive Takeaways From Recent Developments

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We have narrowed our search to five restaurant stocks that have strong growth potential for the rest of 2023. These are: BJRI, TAST, FWRG, KRUS, LOCO.

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Leader in Daytime Dining makes the coveted list as the only restaurant company recognized for best-in-business team member sentiment and satisfaction Leader in Daytime Dining makes the coveted list as the only restaurant company recognized for best-in-business team member sentiment and satisfaction

First Watch Named to Newsweek's Top 100 Most Loved Workplaces® for Second Consecutive Year

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Investors with an interest in Retail - Restaurants stocks have likely encountered both First Watch Restaurant Group, Inc. (FWRG) and Portillo's Inc. (PTLO). But which of these two stocks offers value investors a better bang for their buck right now?

FWRG vs. PTLO: Which Stock Is the Better Value Option?

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Invest in American Eagle Outfitters (AEO), Abercrombie & Fitch (ANF), Urban Outfitters (URBN), Carrols Restaurant Group (TAST) and First Watch Restaurant Group (FWRG), which are poised to gain even more on an uptick in retail sales.

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Promotion comes as First Watch continues its growth towards a potential for more than 2,200 restaurants in the U.S. Promotion comes as First Watch continues its growth towards a potential for more than 2,200 restaurants in the U.S.

First Watch Names Matt Eisenacher Chief Brand Officer

Investors looking for stocks in the Retail - Restaurants sector might want to consider either First Watch Restaurant Group, Inc. (FWRG) or Portillo's Inc. (PTLO). But which of these two stocks offers value investors a better bang for their buck right now?

FWRG vs. PTLO: Which Stock Should Value Investors Buy Now?

Investors looking for stocks in the Retail - Restaurants sector might want to consider either First Watch Restaurant Group, Inc. (FWRG) or Portillo's Inc. (PTLO). But which of these two companies is the best option for those looking for undervalued stocks?

FWRG or PTLO: Which Is the Better Value Stock Right Now?

First Watch's (FWRG) emphasis on franchise business bodes well. The company acquires six franchise-owned restaurants in Georgia and South Carolina.

News for First Watch Restaurant Group Stock (FWRG)