first watch restaurant grp inc - FWRG
FWRG
Close Chg Chg %
17.75 0.49 2.76%
Closed Market
18.24
+0.49 (2.76%)
Volume: 938.43K
Last Updated:
Nov 22, 2024, 4:00 PM EDT
Company Overview: first watch restaurant grp inc - FWRG
FWRG Key Data
| Open $17.73 | Day Range 17.71 - 18.28 |
| 52 Week Range 12.90 - 25.98 | Market Cap $1.08B |
| Shares Outstanding 60.57M | Public Float 40.27M |
| Beta 0.85 | Rev. Per Employee N/A |
| P/E Ratio 52.99 | EPS $0.35 |
| Yield 0.00% | Dividend N/A |
| EX-DIVIDEND DATE | SHORT INTEREST N/A |
| AVERAGE VOLUME 989.63K |
FWRG Performance
| 1 Week | 0.11% | ||
| 1 Month | 7.67% | ||
| 3 Months | 5.98% | ||
| 1 Year | 2.18% | ||
| 5 Years | N/A |
FWRG Analyst Ratings
- Sell
- Under
- Hold
- Over
- Buy
Number of Ratings
11
Full Ratings ➔
About first watch restaurant grp inc - FWRG
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.
FWRG At a Glance
First Watch Restaurant Group, Inc.
8725 Pendery Place
Bradenton, Florida 34201
| Phone | 1-941-907-9800 | Revenue | 891.55M | |
| Industry | Restaurants | Net Income | 25.39M | |
| Sector | Consumer Services | 2023 Sales Growth | 22.103% | |
| Fiscal Year-end | 12 / 2024 | Employees | 14,000 | |
| View SEC Filings |
FWRG Valuation
| P/E Current | 52.985 |
| P/E Ratio (with extraordinary items) | N/A |
| P/E Ratio (without extraordinary items) | 48.457 |
| Price to Sales Ratio | 1.38 |
| Price to Book Ratio | 2.145 |
| Price to Cash Flow Ratio | 12.901 |
| Enterprise Value to EBITDA | 19.956 |
| Enterprise Value to Sales | 2.006 |
| Total Debt to Enterprise Value | 0.34 |
FWRG Efficiency
| Revenue/Employee | 63,682.214 |
| Income Per Employee | 1,813.214 |
| Receivables Turnover | 161.163 |
| Total Asset Turnover | 0.668 |
FWRG Liquidity
| Current Ratio | 0.619 |
| Quick Ratio | 0.572 |
| Cash Ratio | 0.434 |
FWRG Profitability
| Gross Margin | 16.701 |
| Operating Margin | 5.429 |
| Pretax Margin | 4.046 |
| Net Margin | 2.847 |
| Return on Assets | 1.901 |
| Return on Equity | 4.682 |
| Return on Total Capital | 2.17 |
| Return on Invested Capital | 2.41 |
FWRG Capital Structure
| Total Debt to Total Equity | 108.443 |
| Total Debt to Total Capital | 52.025 |
| Total Debt to Total Assets | 42.71 |
| Long-Term Debt to Equity | 99.96 |
| Long-Term Debt to Total Capital | 47.955 |
- Income Statement
- Balance Sheet
- Cash Flow Statement
Annual Financials for First Watch Restaurant Grp Inc - FWRG
Collapse All in section
| All values USD millions. | 2020 | 2021 | 2022 | 2023 | 5-year trend |
|---|---|---|---|---|---|
Sales/Revenue
| 342.39M | 601.19M | 730.16M | 891.55M | |
Sales Growth
| -21.54% | +75.59% | +21.45% | +22.10% | |
Cost of Goods Sold (COGS) incl D&A
| 339.92M | 509.32M | 624.48M | 742.66M | |
COGS excluding D&A
| - | - | - | - | - |
Depreciation & Amortization Expense
| 42.45M | 45.43M | 50.35M | 41.22M | |
Depreciation
| 41.35M | 44.43M | 49.35M | 39.72M | |
Amortization of Intangibles
| 1.10M | 1.00M | 1.00M | 1.50M | |
COGS Growth
| -11.20% | +49.83% | +22.61% | +18.93% | |
Gross Income
| 2.47M | 91.88M | 105.69M | 148.89M | |
Gross Income Growth
| -95.40% | +3,625.67% | +15.03% | +40.88% | |
Gross Profit Margin
| +0.72% | +15.28% | +14.47% | +16.70% |
| 2020 | 2021 | 2022 | 2023 | 5-year trend | |
|---|---|---|---|---|---|
SG&A Expense
| 40.40M | 67.53M | 81.66M | 100.49M | |
Research & Development
| - | - | - | - | - |
Other SG&A
| 40.40M | 67.53M | 81.66M | 100.49M | |
SGA Growth
| -11.18% | +67.17% | +20.92% | +23.06% | |
Other Operating Expense
| - | - | - | - | - |
Unusual Expense
| 9.55M | 3.26M | 6.72M | 6.52M | |
EBIT after Unusual Expense
| (47.48M) | 21.09M | 17.31M | 41.89M | |
Non Operating Income/Expense
| 741.00K | (618.00K) | 510.00K | 2.25M | |
Non-Operating Interest Income
| - | - | - | - | - |
Equity in Earnings of Affiliates
| - | - | - | - | - |
Interest Expense
| 22.82M | 20.10M | 5.23M | 8.06M | |
Interest Expense Growth
| +13.62% | -11.90% | -73.97% | +54.11% | |
Gross Interest Expense
| 22.82M | 20.10M | 5.23M | 8.06M | |
Interest Capitalized
| - | - | - | - | - |
Pretax Income
| (69.55M) | 370.00K | 12.59M | 36.08M | |
Pretax Income Growth
| -20.15% | +100.53% | +3,302.97% | +186.51% | |
Pretax Margin
| -20.31% | +0.06% | +1.72% | +4.05% | |
Income Tax
| (19.87M) | 2.48M | 5.68M | 10.69M | |
Income Tax - Current - Domestic
| 118.00K | 301.00K | 1.01M | 2.38M | |
Income Tax - Current - Foreign
| - | - | - | - | - |
Income Tax - Deferred - Domestic
| (19.99M) | 2.18M | 4.68M | 8.31M | |
Income Tax - Deferred - Foreign
| - | - | - | - | - |
Income Tax Credits
| - | - | - | - | - |
Equity in Earnings of Affiliates
| - | - | - | - | - |
Other After Tax Income (Expense)
| - | - | - | - | - |
Consolidated Net Income
| (49.68M) | (2.11M) | 6.91M | 25.39M | |
Minority Interest Expense
| - | - | - | - | - |
Net Income
| (49.68M) | (2.11M) | 6.91M | 25.39M | |
Net Income Growth
| -9.34% | +95.76% | +427.81% | +267.53% | |
Net Margin Growth
| -14.51% | -0.35% | +0.95% | +2.85% | |
Extraordinaries & Discontinued Operations
| - | - | - | - | - |
Discontinued Operations
| - | - | - | - | - |
Net Income After Extraordinaries
| (49.68M) | (2.11M) | 6.91M | 25.39M | |
Preferred Dividends
| - | - | - | - | - |
Net Income Available to Common
| (49.68M) | (2.11M) | 6.91M | 25.39M | |
EPS (Basic)
| -0.8414 | -0.0357 | 0.1169 | 0.4264 | |
EPS (Basic) Growth
| -9.34% | +95.76% | +427.45% | +264.76% | |
Basic Shares Outstanding
| 59.05M | 59.05M | 59.10M | 59.53M | |
EPS (Diluted)
| -0.8414 | -0.0357 | 0.1148 | 0.4148 | |
EPS (Diluted) Growth
| -9.34% | +95.76% | +421.57% | +261.32% | |
Diluted Shares Outstanding
| 59.05M | 59.05M | 60.14M | 61.19M | |
EBITDA
| 4.52M | 69.78M | 74.38M | 89.63M | |
EBITDA Growth
| -90.36% | +1,443.06% | +6.60% | +20.50% | |
EBITDA Margin
| +1.32% | +11.61% | +10.19% | +10.05% |
Snapshot
| Average Recommendation | BUY | Average Target Price | 23.182 | |
| Number of Ratings | 11 | Current Quarters Estimate | 0.003 | |
| FY Report Date | 12 / 2024 | Current Year's Estimate | 0.306 | |
| Last Quarter’s Earnings | 0.03 | Median PE on CY Estimate | N/A | |
| Year Ago Earnings | 0.41 | Next Fiscal Year Estimate | 0.419 | |
| Median PE on Next FY Estimate | N/A |
Earnings Per Share
| This Quarter | Next Quarter | This Fiscal | Next Fiscal | |
|---|---|---|---|---|
| # of Estimates | 9 | 8 | 9 | 11 |
| Mean Estimate | 0.00 | 0.11 | 0.31 | 0.42 |
| High Estimates | 0.01 | 0.14 | 0.35 | 0.53 |
| Low Estimate | -0.02 | 0.06 | 0.27 | 0.30 |
| Coefficient of Variance | 300.03 | 21.51 | 8.20 | 16.55 |
Analysts Recommendations
| Current | 1 Month Ago | 3 Months Ago | |
|---|---|---|---|
| BUY | 8 | 8 | 6 |
| OVERWEIGHT | 1 | 1 | 1 |
| HOLD | 2 | 2 | 2 |
| UNDERWEIGHT | 0 | 0 | 0 |
| SELL | 0 | 0 | 0 |
| MEAN | Buy | Buy | Overweight |
SEC Filings for First Watch Restaurant Grp Inc - FWRG
| Filing Date | Type | Category | Amended |
|---|---|---|---|
| No results | |||
Insider Actions for First Watch Restaurant Grp Inc - FWRG
| Date | Name | Shares | Transaction | Value |
|---|---|---|---|---|
| Apr 24, 2024 | William A. Kussell Director | 17,999 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $22.11 per share | 397,957.89 |
| Apr 24, 2024 | William A. Kussell Director | 12,409 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $22.1 per share | 274,238.90 |
| Mar 19, 2024 | Jay Anthony Wolszczak Chief Legal Officer, GC & Secy | 58,511 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $8.45 per share | 494,417.95 |
| Mar 19, 2024 | Jay Anthony Wolszczak Chief Legal Officer, GC & Secy | 43,511 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $24.29 per share | 1,056,882.19 |
| Mar 19, 2024 | Jay Anthony Wolszczak Chief Legal Officer, GC & Secy | 162,570 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | 0.00 |
| Mar 15, 2024 | Henry Melville Hope CFO and Treasurer | 82,315 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $24.43 per share | 2,010,955.45 |
| Mar 15, 2024 | Matt Eisenacher Chief Brand Officer | 34,676 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $24.43 per share | 847,134.68 |
| Mar 15, 2024 | Eric Hartman Chief Development Officer | 186,625 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | 0.00 |
| Mar 15, 2024 | Eric Hartman Chief Development Officer | 73,391 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $24.5 per share | 1,798,079.50 |
| Mar 15, 2024 | Eric Hartman Chief Development Officer | 131,917 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $8.45 per share | 1,114,698.65 |
| Mar 15, 2024 | Eric Hartman Chief Development Officer | 73,391 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $24.43 per share | 1,792,942.13 |
| Mar 15, 2024 | Daniel Jones Chief Operations Officer | 43,165 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $24.43 per share | 1,054,520.95 |
| Mar 15, 2024 | Laura Sorensen Chief People Officer | 70,248 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $24.43 per share | 1,716,158.64 |
| Mar 15, 2024 | Christopher A. Tomasso President and CEO; Director | 935,825 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | 0.00 |
| Mar 15, 2024 | Christopher A. Tomasso President and CEO; Director | 431,871 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $24.45 per share | 10,559,245.95 |
| Mar 15, 2024 | Christopher A. Tomasso President and CEO; Director | 531,871 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $8.45 per share | 4,494,309.95 |
| Mar 15, 2024 | Christopher A. Tomasso President and CEO; Director | 431,871 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $24.43 per share | 10,550,608.53 |
| Mar 15, 2024 | Advent International LP Director | 27,189,784 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $23.99 per share | 652,282,918.16 |
| Mar 13, 2024 | Matt Eisenacher Chief Brand Officer | 39,988 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | 0.00 |
| Mar 13, 2024 | Matt Eisenacher Chief Brand Officer | 81,276 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $13.52 per share | 1,098,851.52 |