First Watch Restaurant Group Inc (FWRG) — Titan Protect Analysis

FWRG

First Watch Restaurant Group Inc

Consumer Cyclical · ·

$10.18

Data: 2026-06-03

✓ ETHICAL PASS

NONE MOAT

LIMITED

Data Confidence: 0.0%

Key Metrics

How this company measures up on the fundamentals that matter

Market Cap

$639M

Total market value of the company

Trailing P/E

37.00

Expensive — high growth expected

Forward P/E

39.00

Based on estimated future earnings — lower means cheaper

Rev Growth

+17.3%

Year-over-year revenue change

Profit Margin

1.4%

How much profit the company keeps from each dollar of revenue

ROE

2.9%

Return on equity — how efficiently it uses shareholder money

Analyst Target

$20.00

+96% from current price — median analyst estimate

Recommendation

STRONG_BUY

Consensus view from 11 analysts covering this stock

About First Watch Restaurant Group Inc

First Watch Restaurant Group, Inc., through its subsidiaries, operates and franchises restaurants under the First Watch trade name in the United States. The company was formerly known as AI Fresh Super Holdco, Inc. and changed its name to First Watch Restaurant Group, Inc. in December 2019. First Watch Restaurant Group, Inc. was founded in 1983 and is based in Bradenton, Florida.

https://www.firstwatch.com

Country: United States Employees: 17,500 Industry: Restaurants

Ethical Screening

Five compliance checks based on AAOIFI standards — all must pass for ethical clearance

Business Activity

PASS

Core business does not involve prohibited activities

Debt Ratio

0.0% PENDING

Debt must be below 33% of total assets

Cash Ratio

0.0% PENDING

Interest-bearing cash below 33% of assets

Receivables

0.0% PENDING

Receivables below 49% of assets

Revenue Purity

0.0% PENDING

Non-compliant revenue below 5% — any excess requires purification

Quantitative Intelligence

Statistical analysis of price behaviour, risk, and market regime — independent of fundamental data

Regime

MARKDOWN

Price trending down — defensive positioning

Sharpe Ratio

-0.330

Returns do not compensate for the risk — negative edge

Kelly Fraction

-0.0364

No positive edge detected — the data suggests staying out

Calmar Ratio

-0.500

Drawdown risk outweighs the returns — higher risk profile

Annual Return

-27.2%

Historical annualised return based on price data

Max Drawdown

-54.5%

Largest peak-to-trough decline — the worst it has been

HMM State

SIDEWAYS

Price consolidating — no clear directional bias

Days in State

How long the current regime has persisted — longer means more stable

Market Data

Trading characteristics and market positioning

Beta

1.12

Moves slightly more than the broader market

52W High

$19.53

48% below the year high

52W Low

$10.09

1% above the year low

Avg Volume

1,550,269

Average daily shares traded — higher means easier to buy and sell

Short Ratio

3.3

Days it would take all short sellers to cover — higher means more crowded

Short % Float

N/A

Div Yield

N/A

Annual dividend as a percentage of the share price

EPS (TTM)

$0.28

Earnings per share over the last 12 months

Financial Health

Balance sheet strength and cash generation — the foundation of long-term value

Debt/Equity

164.29

Heavy leverage — higher financial risk if revenues decline

Current Ratio

N/A

Quick Ratio

N/A

Like current ratio but excludes inventory — stricter test

Gross Margin

20.7%

Revenue left after cost of goods — higher means pricing power

Operating Margin

0.8%

Profit from core operations before interest and tax

Free Cash Flow

$-38,230,624

Negative — the business is spending more than it generates

Revenue (TTM)

$1.3B

Total revenue over the last 12 months

Net Income

$18M

Profitable — the bottom line is positive

Analyst Coverage

Analysts

Target High

$22.00

Target Median

$20.00

Target Low

$17.00

Political Trading Activity

Congressional trading disclosures involving this instrument

Date	Politician	Party	Type	Amount
6 Apr2026	Josh Gottheimer	Democrat	buy	1K–15K
2026-04-06	Josh Gottheimer	Democrat	Purchase	1K–15K

Source: Congressional disclosure filings. View all political trades at

Insider Intelligence

Explore the Ethical Screener View Track Record

Data sourced from public filings and market feeds. Not financial advice. Updated: 2026-06-03

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