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First Watch Restaurant Group Inc   (FWRG)
Other Ticker:  
 
    Sector  Services    Industry Restaurants
   Industry Restaurants
   Sector  Services
 
Price: $23.6300 $-0.91 -3.708%
Day's High: $24.54 Week Perf: -3.86 %
Day's Low: $ 23.61 30 Day Perf: -2.15 %
Volume (M): 587 52 Wk High: $ 25.88
Volume (M$): $ 13,871 52 Wk Avg: $18.60
Open: $24.54 52 Wk Low: $14.34



 Market Capitalization (Millions $) 1,463
 Shares Outstanding (Millions) 62
 Employees -
 Revenues (TTM) (Millions $) 892
 Net Income (TTM) (Millions $) 25
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 85

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

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Financing Agreement

First Watch Restaurant Group, Inc. Implements Secondary Offering to Address Financial Challenges and Improve Liquidity Position

Published Thu, Mar 7 2024 9:36 PM UTC

First Watch Restaurant Group, Inc. Announces Secondary Offering of Common Stock
BRADENTON, Fla., March 07, 2024 - First Watch Restaurant Group, Inc. (FWRG or the Company) (NASDAQ: FWRG), a leading Daytime Dining concept serving breakfast, brunch, and lunch, has recently revealed plans for an underwritten secondary offering. The Company announced that certain funds manage...

First Watch Restaurant Group Inc

First Watch Restaurant Group Inc. Sees Strong Performance in Q4 2023 Despite Financial Concerns

First Watch Restaurant Group, Inc. (NASDAQ: FWRG), a leading Daytime Dining concept serving breakfast, brunch, and lunch, recently announced its financial results for the fourteen weeks ended December 31, 2023 (Q4 2023) and the 53-week fiscal year ended December 31, 2023 (2023). The company also provided an outlook for the 52-week fiscal year ending December 29, 2024 (2024). Additionally, First Watch revealed plans for an underwritten secondary offering of common stock, amidst a decline in the company's Quick Ratio.
First Watch saw a decline in its Quick Ratio in the third quarter of 2023 due to an increase in Current Liabilities, resulting in a decreased ratio of 0.36. This decline indicates potential financial concerns for the company. Analyzing the Quick Ratio on a trailing twelve-month basis, the cumulative ratio dropped to 0.51, below the company's average over the past twelve months. This decrease in liquidity raised concerns among investors.

Merger and Acquisition

First Watch Takes a Bite of Success with Tulsa-Area Franchise Acquisition

Published Mon, Jan 22 2024 9:05 PM UTC

First Watch Expands its Reach with Acquisition of Tulsa-Area Franchise Location
BRADENTON, Fla., Jan. 22, 2024 - First Watch Restaurant Group, Inc. (NASDAQ: FWRG), the renowned Daytime Dining concept, has exciting news to share. The company has announced the acquisition of its previously franchise-owned restaurant in Broken Arrow, Okla., further solidifying its presence ...

Merger and Acquisition

First Watch's Bold Move: Acquisition of 21 Franchise Restaurants in North Carolina Marks Strategic Expansion in Promising Market

Published Mon, Jan 8 2024 12:02 PM UTC

First Watch to Acquire 21 Franchise Restaurants in North Carolina: Transaction Represents Acquisition of Largest Franchisee
First Watch Restaurant Group Inc, a leading chain of breakfast and brunch restaurants, has announced its plans to acquire 21 franchise restaurants in North Carolina. This strategic move represents the acquisition of the largest franchisee by the com...

First Watch Restaurant Group Inc

First Watch Restaurant Group Inc Beats Competition in Revenue Growth, but Investors Left Disappointed by Stagnant Profits during Third Quarter 2023

In the third quarter of 2023 earnings season, First Watch Restaurant Group Inc faced some challenges in growing profitability, despite a significant increase in revenue. While their revenue advanced by an impressive 17.319% to $219.21 million, their profitability remained unchanged at $0.09 per share compared to the previous year. This may be disappointing for investors who expected higher profits alongside the revenue growth.
However, it's worth noting that First Watch Restaurant Group Inc outperformed many of its competitors in the restaurant industry during the same quarter. While the average business advance for most restaurants was 11.03% from the corresponding quarter a year ago, First Watch Restaurant Group Inc managed to achieve a faster growth rate.






 

First Watch Restaurant Group Inc's Segments
 
 
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  Revenue Outlook
First Watch Restaurant Group Inc does not provide revenue guidance.

Earnings Outlook
First Watch Restaurant Group Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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