Jul 2▼ RSI OverboughtRSI 70.8, above 70, stock may be overbought
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 carries a $750.8M market cap, placing it firmly in the small-cap category. The company was formerly known as AI Fresh Super Holdco, Inc.
Premium feature
News & analytics is part of Premium.
Every headline runs through our finance-grade sentiment engine, so you see the mood of the market on each ticker before you read a single article. Plus the full analyst consensus and target-price upside, refreshed daily.
Per-headline sentiment, scored by a finance-tuned model
See exactly where the price sits versus its 150-day moving average, the live RSI reading, MACD momentum, and volume context, for any ticker, every day.
On the balance sheet, FWRG has $23.6M in cash with $1.03B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow is running at -$38.2M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. Return on equity stands at 2.9%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 1.2% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $730.2M (2022) to $1.22B (2025), reflecting a 67% increase over the period.
Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing FWRG.