First Watch Restaurant Group, Inc. (FWRG) Stock Score, Valuation & Financial Research
First Watch Restaurant Group, Inc. is in the Consumer Cyclical sector and Restaurants industry. It is reviewed using Wall Street Score's company-strength, valuation, growth and financial-health framework. The current Wall Street Score is 28/100.
Quick answer for FWRG
First Watch Restaurant Group, Inc. currently has a Wall Street Score of 28/100. The stored market price is $11.35. Its financial score is 21/100. Its valuation score is 4/100. The latest WSS change is +0.6 points. These figures are a research snapshot, not a buy or sell recommendation.
What First Watch Restaurant Group, Inc. does
First Watch Restaurant Group, Inc. oversees and licenses restaurant operations under the First Watch brand. As of March 23, 2022, its extensive presence included 341 company-owned eateries and 94 franchised outlets, operating across 28 U.S. states. The enterprise, established in 1983 with its main office in Bradenton, Florida, previously traded as AI Fresh Super Holdco, Inc. before changing its designation to First Watch Restaurant Group, Inc. in December 2019.
FWRG financial snapshot
- Wall Street Score:
- 28/100
- Current price:
- $11.35
- Market capitalization:
- $700.4M
- Revenue:
- $1.32B
- Net income:
- $17.8M
- Free cash flow:
- $-31.0M
- Cash:
- $20.5M
- Total debt:
- $1.07B
- EPS:
- 0.30
- P/E ratio:
- 38.4x
- Financial score:
- 21/100
- Valuation score:
- 4/100
- Revenue score:
- 43/100
What stands out
- Reported year-over-year revenue growth is +0.1%.
- Free cash flow is $-31.0M, showing cash burn in the current stored period.
- The balance sheet shows $20.5M of cash versus $1.07B of total debt, so leverage deserves attention.
- The latest Wall Street Score change is +0.6 points: FWRG increased 0.6 points because Asset improved by 2 points, Capital improved by 2 points.
What the numbers mean
Its current valuation score is 4/100, which Wall Street Score classifies as weak within the model's valuation framework.
The financial score is 21/100. This is a starting point for reviewing liquidity, leverage and cash-flow strength rather than a stand-alone recommendation.
A strong company and an attractive stock price are not always the same thing. Revenue, earnings, free cash flow, debt, management quality, competitive advantage and valuation should be considered together. Wall Street Score organizes these inputs into a consistent research framework so investors can identify what deserves deeper review.
Data freshness: Financial data last refreshed 2026-09-04.
How to research FWRG
Start by understanding how the company makes money. Then compare revenue and earnings trends, cash generation, debt, liquidity and valuation. Review the company's latest filings and earnings reports before acting on any score or model estimate.
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Data may change as company filings and market prices update. Educational research only; not a buy or sell recommendation.