FWRG

First Watch Restaurant Group, Inc.
NasdaqGSUSDEQUITY Consumer Cyclical DELAYED
Last price
10.61
▲ 0.10 (0.95%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
10.62
Prev close
10.51
Day high
10.77
Day low
10.43
Volume
1.00M
Market cap
$654.77M
P/E (TTM)
37.89
52W range
9.88 – 18.82

Day trading desk

Current session · delayed
Gap from prior close
+1.06%
Prior close 10.51
VWAP
10.62
-0.08% from price
Relative volume
1.49×
Normal
Session range
3.21%
10.43 – 10.77
Position in range
54%
Mid range
ATR (14D)
0.42
3.97% of price
Prior day high
10.79
PDH
Prior day low
10.12
PDL
Bid / ask spread
—
Quote not published
Session volume
1.70M
Avg 1.14M

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
+2.22% +0.3%
1M
-11.95% -13.1%
3M
-14.50% -19.0%
6M
-2.75% -20.9%
YTD
-29.64% -43.9%
1Y
-34.75% -51.2%
3Y
-38.64% -120.9%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on FWRG open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
1.14M
Total on file

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Jun 8, 26
WEISSER ASHLEE SUZANNE
Chief Financial Officer
STOCK 26.59K $0 Direct
May 21, 26
ALVAREZ RALPH
Director
STOCK 17.64K $0 Direct
May 21, 26
FLEISHER MICHAEL D.
Director
STOCK 12.35K $0 Direct
May 21, 26
KUSSELL WILLIAM A
Director
STOCK 12.35K $0 Direct
May 21, 26
BRITT IRENE CHANG
Director
STOCK 12.35K $0 Direct
May 21, 26
JEMLEY CHARLES L
Director
STOCK 12.35K $0 Direct
May 21, 26
LILAK STEPHANIE
Director
STOCK 12.35K $0 Direct
May 21, 26
SOLHEIM JOSTEIN
Director
STOCK 12.35K $0 Direct
May 21, 26
TIPOGRAPH RACHEL K
Director
STOCK 12.35K $0 Direct
Mar 17, 26
HOPE HENRY MELVILLE III
Chief Financial Officer
SELL 3.88K $48.55K Direct
Mar 17, 26
JONES JOHN DANIEL
Chief Operating Officer
SELL 1.70K $21.25K Direct
Mar 17, 26
SORENSEN LAURA ANNE
Officer
SELL 1.70K $21.25K Direct
Mar 17, 26
HARTMAN ERIC RICHARD
Officer
SELL 1.82K $22.77K Direct
Mar 17, 26
TOMASSO CHRISTOPHER ANTHONY
Chief Executive Officer
SELL 25.06K $313.78K Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
ADVENT INTERNATIONAL CORP.
Beneficial Owner of more than 10% of a Class of Security — Sale
ADVENT INTERNATIONAL L P
Beneficial Owner of more than 10% of a Class of Security — Sale
ALVAREZ RALPH
Director 440.47K Stock Award(Grant)
EISENACHER MATTHEW
Officer 67.22K Sale
HARTMAN ERIC RICHARD
Officer 244.53K Sale
HOPE HENRY MELVILLE III
Chief Financial Officer 111.79K Sale
JONES JOHN DANIEL
Chief Operating Officer 84.72K Sale
SORENSEN LAURA ANNE
Officer 237.35K Sale
TOMASSO CHRISTOPHER ANTHONY
Chief Executive Officer 1.03M Sale
WOLSZCZAK JAY ANTHONY
General Counsel 228.93K Sale

Fundamentals

TTM · reported
Market cap$654.77M
Enterprise value$1.71B
Revenue (TTM)$1.32B
Gross profit$271.95M
EBITDA$116.44M
Net income$17.81M
EPS (TTM)$0.28
Free cash flow$-42.84M
Total cash$20.48M
Total debt$1.07B
Book value / share$10.28
Shares outstanding61.71M
Float60.76M
Short % of float11.85%
Dividend yield0.00%
Beta (5Y)1.05

Valuation & profitability ratios

Account required
Trailing P/E37.89
Forward P/E43.17
PEG ratio—
Price / sales—
Price / book1.03
EV / revenue1.30
EV / EBITDA14.67
Gross margin20.63%
Operating margin2.48%
Profit margin1.35%
Return on equity2.88%
Return on assets1.18%
Debt / equity169.32
Current ratio0.27
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 4 years · 5 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $1.22B$1.02B$891.55M$730.16M +20.3%
Operating revenue $1.22B$1.02B$891.55M$730.16M +20.3%
Cost of revenue $988.05M$802.91M$701.43M$590.63M +23.1%
Gross profit $234.45M$213.00M$190.12M$139.53M +10.1%
Selling, general & admin $128.95M$113.27M$103.12M$84.96M +13.8%
Total operating expense $203.96M$170.99M$144.34M$119.19M +19.3%
Operating income $30.49M$42.02M$45.77M$20.35M -27.4%
Net interest income -$16.70M-$12.64M-$8.06M-$5.23M -32.1%
Pre-tax income $12.13M$28.03M$36.08M$12.59M -56.7%
Tax provision -$7.30M$9.10M$10.69M$5.68M -180.2%
Net income $19.43M$18.93M$25.39M$6.91M +2.7%
Net income to common $19.43M$18.93M$25.39M$6.91M +2.7%
Basic EPS 0.320.310.430.12 +3.2%
Diluted EPS 0.310.300.410.11 +3.3%
EBIT $28.83M$40.67M$44.14M$17.82M -29.1%
EBITDA $103.84M$98.38M$85.36M$52.05M +5.6%
Basic shares 60.96M60.37M59.53M59.10M +1.0%
Diluted shares 62.84M62.35M61.19M60.14M +0.8%

Options analytics

Account required
Put / call volume
0.09
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
10.00
-5.7% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
-12.5%
Calls bid over puts
Call volume
114
Contracts, this expiry
Put volume
10
Contracts, this expiry
Heaviest call OI
10.00
0 contracts
Heaviest put OI
10.00
0 contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 0.050.05 -13.1%
Mar 2026 -0.03-0.02 +22.0%
Dec 2025 0.070.26 +280.4%
Sep 2025 0.070.06 -15.9%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter 0.04 9 $349.90M +10.7%
Next quarter 0.07 9 $353.84M +11.9%
Current year 0.13 6 $1.39B +13.7%
Next year 0.25 9 $1.55B +11.7%

Analyst targets & ownership

Account required
Mean target$19.30
High target$22.00
Low target$15.00
Implied upside81.90%
Analyst count10
ConsensusSTRONG BUY
Strong buy / Buy0 / 10
Hold0
Sell / Strong sell0 / 0
Held by insiders1.85%
Held by institutions109.08%
Institutions holding278
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
10.32
+2.83% from price
SMA 20
10.50
+1.04% from price
SMA 50
11.74
-9.61% from price
SMA 100
11.76
-9.80% from price
SMA 200
12.81
-17.18% from price
EMA 12
10.47
+1.33% from price
EMA 26
10.85
-2.24% from price
EMA 50
11.32
-6.31% from price
RSI (14)
44.7
Neutral
MACD (12,26,9)
-0.38
Hist 0.10
ATR (14)
0.42
3.97% of price
Realised vol 30D
44.1%
Annualised
Bollinger upper
11.35
20, 2σ
Bollinger lower
9.65
20, 2σ
50 / 200 cross
Death
11.74 vs 12.81
Trend bias
Below 200
-17.18%

Options chain

Account required
Expiry
Spot 10.61
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
0.96
Less volatile than market
Correlation to SPY
0.23
Largely independent
Realised vol 30D
44.1%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-45.8%
Peak to trough
Max drawdown 5Y
-60.4%
Peak to trough
ATR 14
0.42
3.97% of price
Beta (reported)
1.05
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
6.52M
Prior 7.14M
Change vs prior
-8.7%
Shorts covering
% of float
11.85%
Elevated
% of shares out
10.57%
Against total outstanding
Days to cover
6.5
Crowded exit
Float
60.76M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

113 on file
DateFirm ActionFromTo
Oct 2, 26 DA Davidson MAINTAINED Buy Buy
Aug 7, 26 Guggenheim MAINTAINED Buy Buy
Aug 5, 26 Citigroup MAINTAINED Buy Buy
Jul 1, 26 Freedom Capital Markets INITIATED — Buy
Jun 3, 26 TD Cowen MAINTAINED Buy Buy
May 6, 26 Stephens & Co. MAINTAINED Overweight Overweight
May 5, 26 TD Cowen MAINTAINED Buy Buy
Apr 28, 26 DA Davidson MAINTAINED Buy Buy
Apr 20, 26 Benchmark MAINTAINED Buy Buy
Mar 6, 26 DA Davidson INITIATED — Buy
Feb 25, 26 Citigroup MAINTAINED Buy Buy
Feb 25, 26 Barclays MAINTAINED Overweight Overweight

Dividends & splits

Declared · from the issuer
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.