First Watch Restaurant Group Management
Management criteria checks 1/4
First Watch Restaurant Group's CEO is Chris Tomasso, appointed in Aug 2017, has a tenure of 7.42 years. total yearly compensation is $4.93M, comprised of 18.1% salary and 81.9% bonuses, including company stock and options. directly owns 0.34% of the company’s shares, worth $4.02M. The average tenure of the management team and the board of directors is 3.6 years and 2.2 years respectively.
Key information
Chris Tomasso
Chief executive officer
US$4.9m
Total compensation
| CEO salary percentage | 18.1% |
| CEO tenure | 7.4yrs |
| CEO ownership | 0.3% |
| Management average tenure | 3.6yrs |
| Board average tenure | 2.2yrs |
Recent management updates
Recent updates
When Should You Buy First Watch Restaurant Group, Inc. (NASDAQ:FWRG)?
Dec 11
First Watch Restaurant: Between Hurricanes And Acquisitions, The Sun Shines
Nov 18Market Participants Recognise First Watch Restaurant Group, Inc.'s (NASDAQ:FWRG) Earnings Pushing Shares 53% Higher
Nov 12Investors Will Want First Watch Restaurant Group's (NASDAQ:FWRG) Growth In ROCE To Persist
Oct 18First Watch Restaurant: A Non-Traditional Recipe For Dealing With Traffic
Sep 14Why We're Not Concerned About First Watch Restaurant Group, Inc.'s (NASDAQ:FWRG) Share Price
Sep 04Is It Too Late To Consider Buying First Watch Restaurant Group, Inc. (NASDAQ:FWRG)?
Aug 09First Watch Restaurant: The Price For Maintaining Pricing
Jul 03First Watch Restaurant Group (NASDAQ:FWRG) Shareholders Will Want The ROCE Trajectory To Continue
Jul 02First Watch Restaurant Group's (NASDAQ:FWRG) Earnings May Just Be The Starting Point
May 21These 4 Measures Indicate That First Watch Restaurant Group (NASDAQ:FWRG) Is Using Debt Reasonably Well
May 10First Watch Restaurant: Traffic Slowdown Doesn't Disturb The Growth Story
May 09First Watch Restaurant Group, Inc.'s (NASDAQ:FWRG) Share Price Matching Investor Opinion
Apr 25Is There Now An Opportunity In First Watch Restaurant Group, Inc. (NASDAQ:FWRG)?
Apr 02The Return Trends At First Watch Restaurant Group (NASDAQ:FWRG) Look Promising
Feb 28First Watch: Great Restaurant Concept, But An Equal Valuation
Feb 21We Ran A Stock Scan For Earnings Growth And First Watch Restaurant Group (NASDAQ:FWRG) Passed With Ease
Jan 23Investors Holding Back On First Watch Restaurant Group, Inc. (NASDAQ:FWRG)
Dec 23When Should You Buy First Watch Restaurant Group, Inc. (NASDAQ:FWRG)?
Dec 03Here's Why We Think First Watch Restaurant Group (NASDAQ:FWRG) Is Well Worth Watching
Oct 13The Return Trends At First Watch Restaurant Group (NASDAQ:FWRG) Look Promising
Aug 24Returns On Capital Are Showing Encouraging Signs At First Watch Restaurant Group (NASDAQ:FWRG)
Apr 08First Watch: Ride On The Secular Tailwind Of Demand For Daypart Meals
Oct 19First Watch: A Solid Buy-The-Dip Candidate
Oct 12First Watch Restaurant slides 8% afterhours on secondary stock offering
Sep 12First Watch Restaurant Group: Rapid Growth On Cards As Sales Momentum Persists
Aug 31CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 29 2024 | n/a | n/a | US$21m |
| Jun 30 2024 | n/a | n/a | US$24m |
| Mar 31 2024 | n/a | n/a | US$23m |
| Dec 31 2023 | US$5m | US$892k | US$25m |
| Sep 24 2023 | n/a | n/a | US$22m |
| Jun 25 2023 | n/a | n/a | US$17m |
| Mar 26 2023 | n/a | n/a | US$12m |
| Dec 25 2022 | US$3m | US$625k | US$7m |
| Sep 25 2022 | n/a | n/a | US$3m |
| Jun 26 2022 | n/a | n/a | US$3m |
| Mar 27 2022 | n/a | n/a | US$5m |
| Dec 26 2021 | US$1m | US$468k | -US$2m |
| Sep 26 2021 | n/a | n/a | -US$5m |
| Jun 27 2021 | n/a | n/a | -US$16m |
| Mar 28 2021 | n/a | n/a | -US$36m |
| Dec 27 2020 | US$665k | US$439k | -US$50m |
Compensation vs Market: Chris's total compensation ($USD4.93M) is above average for companies of similar size in the US market ($USD3.21M).
Compensation vs Earnings: Chris's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Chris Tomasso (53 yo)
7.4yrs
Tenure
US$4,928,318
Compensation
Mr. Christopher A. Tomasso, also known as Chris, is the President of First Watch Restaurant Group, Inc since August 2017 and serves as its Chief Executive Officer since December 2019. He has been a Directo...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 7.4yrs | US$4.93m | 0.34% $ 4.0m | |
| CFO & Treasurer | 5.1yrs | US$1.78m | 0.026% $ 309.1k | |
| Chief Legal Officer | 5.1yrs | US$1.37m | 0.0071% $ 84.3k | |
| Chief Operations Officer | 3.3yrs | no data | 0.071% $ 850.7k | |
| Senior Vice President of Accounting & Financial Reporting | less than a year | no data | no data | |
| Chief Information Officer | less than a year | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Chief People Officer | 3.3yrs | US$549.45k | 0.051% $ 611.2k | |
| Senior Vice President of Culinary Strategy of First Watch Restaurants Inc | 3.6yrs | no data | no data | |
| Senior Vice President of Supply Chain of First Watch Restaurants | 3.6yrs | no data | no data | |
| Executive Vice President & Chief Development Officer | 8.2yrs | US$1.12m | 0.055% $ 652.0k | |
| Chief Brand Officer | 5.8yrs | no data | no data |
3.6yrs
Average Tenure
52.5yo
Average Age
Experienced Management: FWRG's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 5.1yrs | US$4.93m | 0.34% $ 4.0m | |
| Director | less than a year | no data | no data | |
| Independent Director | 5.1yrs | US$185.00k | 0.077% $ 923.5k | |
| Independent Chairman | 5.1yrs | US$248.50k | 0.65% $ 7.8m | |
| Director | 1.5yrs | US$134.48k | no data | |
| Independent Director | 1.1yrs | US$104.83k | no data | |
| Independent Director | 7.4yrs | no data | no data | |
| Director | less than a year | no data | no data | |
| Independent Director | 1.8yrs | no data | no data | |
| Independent Director | 2.6yrs | US$193.00k | 0.012% $ 147.2k |
2.2yrs
Average Tenure
58.5yo
Average Age
Experienced Board: FWRG's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/08 00:01 |
| End of Day Share Price | 2025/01/08 00:00 |
| Earnings | 2024/09/29 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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.
| Analyst | Institution |
|---|---|
| Jeffrey Bernstein | Barclays |
| Jeffrey Bernstein | Barclays |
| Todd Brooks | Benchmark Company |