First Watch Restaurant Group Inc

Company Profile

First Watch Restaurant Group Inc had its IPO on 2021-10-01 under the ticker symbol FWRG.

The company operates in the Consumer Cyclical sector and Restaurants industry. First Watch Restaurant Group Inc has a staff strength of 12,000 employees.

Stock update

Shares of First Watch Restaurant Group Inc opened at $18.97 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $18.52 - $19.17, and closed at $18.56.

This is a -2.16% slip from the previous day's closing price.

A total volume of 318,335 shares were traded at the close of the day’s session.

In the last one week, shares of First Watch Restaurant Group Inc have slipped by -2.67%.

First Watch Restaurant Group Inc's Key Ratios

First Watch Restaurant Group Inc has a market cap of $1.14 billion, indicating a price to book ratio of 1.6897 and a price to sales ratio of 1.2451.

In the last 12-months First Watch Restaurant Group Inc’s revenue was $800.30 million with a gross profit of $144.95 million and an EBITDA of $72.04 million. The EBITDA ratio measures First Watch Restaurant Group Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, First Watch Restaurant Group Inc’s operating margin was 4.48% while its return on assets stood at 2% with a return of equity of 3.18%.

In Q2, First Watch Restaurant Group Inc’s quarterly earnings growth was a positive 183.6% while revenue growth was a positive 17.3%.

First Watch Restaurant Group Inc’s PE and PEG Ratio

Forward PE

114.9425

Trailing PE

70.6296

PEG

Its diluted EPS in the last 12-months stands at $0.27 per share while it has a forward price to earnings multiple of 114.9425 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into First Watch Restaurant Group Inc’s profitability.

First Watch Restaurant Group Inc stock is trading at a EV to sales ratio of 1.8818 and a EV to EBITDA ratio of 28.8185. Its price to sales ratio in the trailing 12-months stood at 1.2451.

First Watch Restaurant Group Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$1.16 billion

Total Liabilities

$109.16 million

Operating Cash Flow

$0

Capital Expenditure

$15.16 million

Dividend Payout Ratio

0%

First Watch Restaurant Group Inc ended 2024 with $1.16 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.16 billion while shareholder equity stood at $545.84 million.

First Watch Restaurant Group Inc ended 2024 with $0 in deferred long-term liabilities, $109.16 million in other current liabilities, 594000.00 in common stock, $-80813000.00 in retained earnings and $350.49 million in goodwill. Its cash balance stood at $66.77 million and cash and short-term investments were $66.77 million. The company’s total short-term debt was $46,959,000 while long-term debt stood at $92.17 million.

First Watch Restaurant Group Inc’s total current assets stands at $85.04 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $4.47 million compared to accounts payable of $5.51 million and inventory worth $4.89 million.

In 2024, First Watch Restaurant Group Inc's operating cash flow was $0 while its capital expenditure stood at $15.16 million.

Comparatively, First Watch Restaurant Group Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$18.56

52-Week High

$20.31

52-Week Low

$12.75

Analyst Target Price

$23.11

First Watch Restaurant Group Inc stock is currently trading at $18.56 per share. It touched a 52-week high of $20.31 and a 52-week low of $20.31. Analysts tracking the stock have a 12-month average target price of $23.11.

Its 50-day moving average was $18.54 and 200-day moving average was $16.52 The short ratio stood at 2.57 indicating a short percent outstanding of 0%.

Around 146.2% of the company’s stock are held by insiders while 8825.5% are held by institutions.