First Watch Restaurant Group, Inc.
FWRGConsumer CyclicalNASDAQRestaurants
Scan Results
Daily timeframePart of the consumer cyclical sector, First Watch Restaurant Group, Inc. (FWRG) is listed under Restaurants. With a market capitalization of $758.4M, it sits in small-cap territory. The company was formerly known as AI Fresh Super Holdco, Inc.
Market Cap
$758.4M
Beta
1.03
P/E (TTM)
43.89
P/E (Fwd)
48.34
EPS (TTM)
$0.28
EPS (Fwd)
$0.25
ROE
2.9%
ROA
1.2%
Cash
$20.5M
Total Debt
$1.07B
Free CF
-$42.8M
52W Change
-31.8%
Annual Financials
Cash vs Debt
Where FWRG stands vs its 150-day and 200-day moving averages
As of the September 2, 2026 close, FWRG finished 4.05% below its 150-day moving average ($12.58) and 10.99% below its 200-day moving average ($13.56). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is FWRG overbought or oversold?
At the September 2, 2026 close, FWRG's RSI(14) was 43.0, in neutral territory (between 30 and 70). The MACD histogram was negative, so short-term momentum leaned bearish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
The company holds $20.5M in cash, though total debt stands at $1.07B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. The company is burning cash, with free cash flow at -$42.8M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of 2.9% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. 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.
First Watch Restaurant Group, Inc. carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. No single metric tells the full story. Reviewing FWRG's risk profile alongside its fundamentals and technical indicators provides a more complete picture.