First Watch: Great Restaurant Concept, But An Equal Valuation [Seeking Alpha]
First Watch Restaurant Group, Inc. (FWRG)
Company Research
Source: Seeking Alpha
Currently, the company has quite thin profitability and cash flows due to growth investments, but I believe that gradual increases in both are bound to happen. The current valuation doesn't support a very attractive investment, despite great growth potential. First Watch Restaurant Group ( NASDAQ: FWRG ) operates and franchises restaurants under the First Watch brand name. After Q3, the company operated a total of 402 restaurants, on top of which 103 First Watch restaurants are operated as franchisees totaling 505 system-wide restaurants. First Watch plans to grow the store concept into a more prominent player in the industry with potential for 2200 restaurants communicated in First Watch's Q3 presentation The company had an IPO in late 2021 to fuel future growth. Since, the stock has appreciated slightly with First Watch's great growth performance. As the company reinvests cash flows into growth, First Watch doesn't currently pay out a dividend. A Great Restaurant Concept
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FWRG
News
- Analysts Estimate Dine Brands (DIN) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
- First Watch Restaurant Group, Inc. (FWRG) Expected to Beat Earnings Estimates: Should You Buy? [Yahoo! Finance]Yahoo! Finance
- Do First Watch Restaurant Group's (NASDAQ:FWRG) Earnings Warrant Your Attention? [Yahoo! Finance]Yahoo! Finance
- First Watch Restaurant Group, Inc. to Report First Quarter 2024 Financial Results on May 7, 2024GlobeNewswire
- First Watch Restaurant (FWRG) Boosts Presence in North Carolina [Yahoo! Finance]Yahoo! Finance
FWRG
Earnings
- 3/5/24 - In-Line
FWRG
Sec Filings
- 4/23/24 - Form 4
- 4/22/24 - Form 144
- 4/15/24 - Form 8-K
- FWRG's page on the SEC website