First Watch Restaurant Group, Inc.

NasdaqGS:FWRG Stock Report

Market Cap: US$1.1b

First Watch Restaurant Group Future Growth

Future criteria checks 3/6

First Watch Restaurant Group is forecast to grow earnings and revenue by 19.2% and 12.2% per annum respectively. EPS is expected to grow by 17.5% per annum. Return on equity is forecast to be 6.2% in 3 years.

Key information

19.2%

Earnings growth rate

17.5%

EPS growth rate

Hospitality earnings growth25.3%
Revenue growth rate12.2%
Future return on equity6.2%
Analyst coverage

Good

Last updated12 Nov 2024

Recent future growth updates

Recent updates

When Should You Buy First Watch Restaurant Group, Inc. (NASDAQ:FWRG)?

Dec 11
When Should You Buy First Watch Restaurant Group, Inc. (NASDAQ:FWRG)?

First Watch Restaurant: Between Hurricanes And Acquisitions, The Sun Shines

Nov 18

Market Participants Recognise First Watch Restaurant Group, Inc.'s (NASDAQ:FWRG) Earnings Pushing Shares 53% Higher

Nov 12
Market Participants Recognise First Watch Restaurant Group, Inc.'s (NASDAQ:FWRG) Earnings Pushing Shares 53% Higher

Investors Will Want First Watch Restaurant Group's (NASDAQ:FWRG) Growth In ROCE To Persist

Oct 18
Investors Will Want First Watch Restaurant Group's (NASDAQ:FWRG) Growth In ROCE To Persist

First Watch Restaurant: A Non-Traditional Recipe For Dealing With Traffic

Sep 14

Why We're Not Concerned About First Watch Restaurant Group, Inc.'s (NASDAQ:FWRG) Share Price

Sep 04
Why We're Not Concerned About First Watch Restaurant Group, Inc.'s (NASDAQ:FWRG) Share Price

Is It Too Late To Consider Buying First Watch Restaurant Group, Inc. (NASDAQ:FWRG)?

Aug 09
Is It Too Late To Consider Buying First Watch Restaurant Group, Inc. (NASDAQ:FWRG)?

First Watch Restaurant: The Price For Maintaining Pricing

Jul 03

First Watch Restaurant Group (NASDAQ:FWRG) Shareholders Will Want The ROCE Trajectory To Continue

Jul 02
First Watch Restaurant Group (NASDAQ:FWRG) Shareholders Will Want The ROCE Trajectory To Continue

First Watch Restaurant Group's (NASDAQ:FWRG) Earnings May Just Be The Starting Point

May 21
First Watch Restaurant Group's (NASDAQ:FWRG) Earnings May Just Be The Starting Point

These 4 Measures Indicate That First Watch Restaurant Group (NASDAQ:FWRG) Is Using Debt Reasonably Well

May 10
These 4 Measures Indicate That First Watch Restaurant Group (NASDAQ:FWRG) Is Using Debt Reasonably Well

First Watch Restaurant: Traffic Slowdown Doesn't Disturb The Growth Story

May 09

First Watch Restaurant Group, Inc.'s (NASDAQ:FWRG) Share Price Matching Investor Opinion

Apr 25
First Watch Restaurant Group, Inc.'s (NASDAQ:FWRG) Share Price Matching Investor Opinion

Is There Now An Opportunity In First Watch Restaurant Group, Inc. (NASDAQ:FWRG)?

Apr 02
Is There Now An Opportunity In First Watch Restaurant Group, Inc. (NASDAQ:FWRG)?

The Return Trends At First Watch Restaurant Group (NASDAQ:FWRG) Look Promising

Feb 28
The Return Trends At First Watch Restaurant Group (NASDAQ:FWRG) Look Promising

First Watch: Great Restaurant Concept, But An Equal Valuation

Feb 21

We Ran A Stock Scan For Earnings Growth And First Watch Restaurant Group (NASDAQ:FWRG) Passed With Ease

Jan 23
We Ran A Stock Scan For Earnings Growth And First Watch Restaurant Group (NASDAQ:FWRG) Passed With Ease

Investors Holding Back On First Watch Restaurant Group, Inc. (NASDAQ:FWRG)

Dec 23
Investors Holding Back On First Watch Restaurant Group, Inc. (NASDAQ:FWRG)

When Should You Buy First Watch Restaurant Group, Inc. (NASDAQ:FWRG)?

Dec 03
When Should You Buy First Watch Restaurant Group, Inc. (NASDAQ:FWRG)?

Here's Why We Think First Watch Restaurant Group (NASDAQ:FWRG) Is Well Worth Watching

Oct 13
Here's Why We Think First Watch Restaurant Group (NASDAQ:FWRG) Is Well Worth Watching

The Return Trends At First Watch Restaurant Group (NASDAQ:FWRG) Look Promising

Aug 24
The Return Trends At First Watch Restaurant Group (NASDAQ:FWRG) Look Promising

Returns On Capital Are Showing Encouraging Signs At First Watch Restaurant Group (NASDAQ:FWRG)

Apr 08
Returns On Capital Are Showing Encouraging Signs At First Watch Restaurant Group (NASDAQ:FWRG)

First Watch: Ride On The Secular Tailwind Of Demand For Daypart Meals

Oct 19

First Watch: A Solid Buy-The-Dip Candidate

Oct 12

First Watch Restaurant slides 8% afterhours on secondary stock offering

Sep 12

First Watch Restaurant Group: Rapid Growth On Cards As Sales Momentum Persists

Aug 31

Earnings and Revenue Growth Forecasts

NasdaqGS:FWRG - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20261,3333131N/A6
12/31/20251,17125-1912710
12/31/20241,01719-261099
9/29/202499721-4115N/A
6/30/202496524-1797N/A
3/31/202492323199N/A
12/31/2023892251195N/A
9/24/2023833221989N/A
6/25/2023800172187N/A
3/26/2023768121076N/A
12/25/20227307063N/A
9/25/202270731165N/A
6/26/202267832164N/A
3/27/202264752965N/A
12/26/2021601-22763N/A
9/26/2021548-51446N/A
6/27/2021490-16532N/A
3/28/2021403-36-30-3N/A
12/27/2020342-50-45-18N/A
12/29/2019436-45-3821N/A
12/30/2018350-12-731N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FWRG's forecast earnings growth (19.2% per year) is above the savings rate (2.6%).

Earnings vs Market: FWRG's earnings (19.2% per year) are forecast to grow faster than the US market (15.3% per year).

High Growth Earnings: FWRG's earnings are forecast to grow, but not significantly.

Revenue vs Market: FWRG's revenue (12.2% per year) is forecast to grow faster than the US market (9.2% per year).

High Growth Revenue: FWRG's revenue (12.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FWRG's Return on Equity is forecast to be low in 3 years time (6.2%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 12:03
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/29
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

First Watch Restaurant Group, Inc. is covered by 15 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jeffrey BernsteinBarclays
Jeffrey BernsteinBarclays
Todd BrooksBenchmark Company