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First Watch Restaurant Group Inc   (NASDAQ: FWRG)
Other Ticker:  
 
    Sector  Services    Industry Restaurants
   Industry Restaurants
   Sector  Services
 
Price: $18.8400 $-0.49 -2.535%
Day's High: $19.42 Week Perf: 1.95 %
Day's Low: $ 18.61 30 Day Perf: 9.73 %
Volume (M): 138 52 Wk High: $ 25.98
Volume (M$): $ 2,596 52 Wk Avg: $19.24
Open: $19.28 52 Wk Low: $12.90



 Market Capitalization (Millions $) 1,165
 Shares Outstanding (Millions) 62
 Employees 4,000
 Revenues (TTM) (Millions $) 997
 Net Income (TTM) (Millions $) 21
 Cash Flow (TTM) (Millions $) 11
 Capital Exp. (TTM) (Millions $) 119

First Watch Restaurant Group Inc
First Watch Restaurant Group Inc is a chain of breakfast, brunch, and lunch restaurants with over 400 locations in 29 states in the United States. It was founded in 1983 in Pacific Grove, California, by John Sullivan and Ken Pendery.

First Watch restaurants are typically open from 7 AM to 2:30 PM and serve traditional breakfast and brunch dishes like omelets, pancakes, waffles, eggs Benedict, and avocado toast, as well as sandwiches, salads, soups, and burgers. Many of the menu items are made with fresh, locally-sourced ingredients, and the restaurants offer vegetarian, gluten-free, and low-carb options.

The company also prioritizes the health and well-being of its customers, with a focus on offering nutritious options and accommodating special dietary needs. First Watch was one of the first restaurant chains to introduce cage-free eggs and has also eliminated the use of artificial flavors, preservatives, and sweeteners in its dishes.

In addition to its commitment to quality food and service, First Watch is also known for its community involvement and charitable contributions. Its philanthropic efforts include supporting local organizations, like Feeding America and No Kid Hungry, as well as offering education and mentorship programs for aspiring chefs and restaurant professionals.

First Watch has received numerous accolades over the years, including being named the No. 1 Consumer Pick for Family Dining by Nation's Restaurant News in 2018 and one of the Top 10 Fastest-Growing Chains by Restaurant Business Magazine in 2019.

In 2021, First Watch went public, with an initial public offering that valued the company at $1.2 billion. Despite the challenges of the COVID-19 pandemic, the company has continued to expand its operations, opening new locations and investing in technology to enhance the guest experience.


   Company Address: 8725 Pendery Place Bradenton 34201 FL
   Company Phone Number: 907-9800   Stock Exchange / Ticker: NASDAQ FWRG


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BLMN        9.13% 
CMG        6.01% 
DRI   -1.21%    
MCD        2.35% 
TXRH        2.35% 
YUM        0.98% 
• View Complete Report
   



Financing Agreement

First Watch Restaurant Group: Navigating Opportunities with Strategic Acquisitions and Resilient Responses

Published Tue, Nov 12 2024 2:27 PM UTC

In recent developments within the fast-casual dining industry, First Watch Restaurant Group, Inc. (NASDAQ: FWRG), a leader in daytime dining, has showcased its dexterity in adapting to dynamic market conditions while pursuing aggressive growth strategies. The company?s actions over the last few weeks highlight a proactive approach towards both capital management and market e...

Shares

First Watchs Bold Brunch Move: Strategic Growth Through Stock Offering,

Published Tue, Nov 12 2024 11:07 AM UTC

First Watch Restaurant Group: A Pioneering Move in Daytime Dining and Strategic ExpansionIn a decisive move emblematic of strategic growth and adept market positioning, First Watch Restaurant Group, Inc. has announced a significant shift in its financial landscape. The Bradenton, Florida-based company, renowned for its unique daytime dining model serving breakfast, brunch, a...

Merger and Acquisition

First Watchs Robust Acquisition Strategy: Expanding Emergency Resilience and Market Presence in the Carolinas,

Published Mon, Nov 11 2024 12:00 PM UTC

First Watch?s Strategic Acquisition Bolsters Presence in the Carolinas: A Dual Response to Growth and Resilience IntroductionIn a significant strategic move, First Watch Restaurant Group Inc. (NASDAQ: FWRG) has announced an acquisition that marks the second largest franchisee deal in the company?s history. This transaction includes development rights throughout North and So...

Announcement

Resilience Amidst Adversity First Watch Restaurant Groups Response to Hurricane Milton

Published Mon, Oct 14 2024 12:30 PM UTC

In a recent announcement, First Watch Restaurant Group, Inc. (NASDAQ: FWRG) provided a comprehensive update regarding the status of its restaurants in the wake of Hurricane Milton, which touched down in the southeastern United States last week. Based in Bradenton, Florida, the company is well-acquainted with the challenges posed by severe weather events, and its proactive st...

Product Service News

First Watch Restaurant Group Welcomes Two New Independent Directors to Its Board

Published Thu, Aug 22 2024 8:34 PM UTC

First Watch Restaurant Group, Inc. Expands Leadership Team In a strategic move to bolster its governance and broaden its board expertise, First Watch Restaurant Group, Inc., known for its popular daytime dining concept, has announced the appointment of Charles Jemley and Michael Fleisher as independent directors. This decision reflects the company s commitment to enhancing i...







First Watch Restaurant Group Inc's Segments
Restaurant sales    98.95 % of total Revenue
In-restaurant dining sales    82.29 % of total Revenue
Third-party delivery sales    8.89 % of total Revenue
Take-out sales    7.77 % of total Revenue
Franchise revenues    1.05 % of total Revenue
Royalty and system fund contributions    1.03 % of total Revenue
Initial fees    0.02 % of total Revenue

  First Watch Restaurant Group Inc Outlook

On March 5 2024 the First Watch Restaurant Group Inc provided following guidance

First Watch Restaurant Group, Inc. has recently announced its strong financial performance for the fiscal year 2023 and provided insights into its outlook for the fiscal year 2024. The company, known for its popular Daytime Dining concept offering breakfast, brunch, and lunch, reported its financial results for the fourteen-week period ending December 31, 2023 (Q4 2023) and the 53-week fiscal year ending December 31, 2023 (2023). A comparison was made with the thirteen-week period ending December 25, 2022 (Q4 2022) and the 52-week fiscal year ending December 25, 2022 (2022).

Looking ahead, First Watch Restaurant Group, Inc. shared its projections for the 52-week fiscal year that will end on December 2...





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