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. The company was founded in 1983 and is based in Bradenton, Florida.
Breakfast Champion | First Watch's unique positioning in the daytime dining segment drives strong comparable store sales growth, showcasing resilience in a competitive market |
Expansion Appetite | Aggressive unit growth strategy targets over 10% annual increase, with new locations demonstrating strong performance and scalability potential |
Financial Forecast | Revised EBITDA guidance of $119-123 million for FY2025 reflects management's confidence, with analysts projecting sharp positive inflection in growth |
Navigating Headwinds | First Watch faces challenges including cost pressures and high valuations, with a P/E ratio of 300x and EV/EBITDA of 22.2x, as it pursues ambitious growth |
Metrics to compare | FWRG | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipFWRGPeersSector | |
|---|---|---|---|---|
P/E Ratio | 191.4x | 18.2x | 10.9x | |
PEG Ratio | −2.58 | −2.05 | 0.02 | |
Price/Book | 1.6x | 3.2x | 1.4x | |
Price / LTM Sales | 0.8x | 1.6x | 1.0x | |
Upside (Analyst Target) | 38.3% | 34.1% | 23.4% | |
Fair Value Upside | Unlock | −13.9% | 10.2% | Unlock |