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29

FWRG

๐Ÿ›๏ธ Consumer Cyclical

First Watch Restaurant Group, Inc.

Conservative #1114Aggressive #1249Moderate RiskMLโ†‘ 24pt
$13.15+4.99%
Day High$13.35
Day Low$12.56
Volume2.2M
Mkt Cap$803M
52W Low $1252W High $22
Market Cap
$771M
P/E Ratio
273.6
Sector avg: 36.9
Rev Growth
13.9%
Sector avg: 6.3%
Earnings Growth
-25.4%
Profit Margin
0.3%
Sector avg: -6.5%
Debt/Equity
1.62

Why This Score

FWRG scores 28.5 on the Conservative profile, blending a fundamental score (80% weight, emphasizing quality and stability (84% of fundamental weight)) with a machine-learning signal (20% weight) trained on 82 features across 30 years of data.

Risk Factors
  • Liquidity concern: Limited trading volume or float results in a 2-point penalty for execution risk.
  • Signal divergence: Fundamental and ML signals disagree by a significant margin, reducing confidence.
  • Elevated valuation at 273.6x earnings โ€” requires sustained growth to justify the premium.
  • Above-average volatility (11.8%) may not suit conservative risk tolerance.
  • Elevated leverage (D/E 1.62) increases financial risk in a rising-rate environment.

Moderate penalties (-3.7 points) reflect identified risk factors. The overall score balances these against the stock's fundamental strengths.

Score Breakdown

Overall Score28.5
Fundamental Score34.2
ML Score8.0

Score by Horizon

3 Month
52.3
6 Month
58.4
Primary
1 Year
61.5

Quality Assessment

D
Quality Grade
Below average quality โ€” weak profitability or high leverage
1 quality flag detected โ€” see details below. These penalties are already factored into the final score.
Quality Flags
High accrual ratio (-2524.8%) โ€” earnings quality concern

Position Sizing

Suggested Allocation
5%
Confidence
high

Score Composition Waterfall

How each component affects the final score
Backtested Scoring Levers (IC-calibrated from 30y ElasticNet)
Weinstein (12.1%)
0
Declining
Sentiment (2.5%)
46
Neutral
Analyst (6.4%)
73
Favorable
Tradability (post-hoc)
73
Grade B
Base
27.0
SHAP
+2.4
Factors
+0.8
Divergence
-1.7
Final
28.5
Positive adjustment
Negative adjustment
Base blend
Final score

Factor Breakdown

37AVG
Value34
Quality22
Growth35
Stability62
Investment31

Signal SegmentsComputed from ML features

Fundamental (Valuation, Quality, Growth)25.0
Technical (Momentum, Weinstein, Volatility)48.0
External (Sentiment, Analyst, Macro)80.0
Scores below 50 indicate weakness in that segment relative to the universe.

Data Quality

Score
Features
Confidence
Feature Coverage89%

Growth Estimates

Short-term
-2.0% to +2.0%
Medium-term
-2.7% to +3.4%
Long-term
-3.3% to +4.8%

ML Model Core Features100 trained inputs โ†’ ML Score: 8

These features are direct inputs to the machine learning model. The model was trained on these signals alongside 100 features (including 12 momentum/technical indicators) to produce the ML percentile score.

Analyst Intelligence
Consensus Score73.2/100
Target Upside+22.9%
Coverage14 analysts
Market Sentiment
Sentiment Score46.2/100
News Volume1 articles
Technical Stage
Weinstein Stage4 โ€” Declining
12M Momentum-0.3%
6M Momentum-0.2%
Volatility+0.1%
Momentum & Technical
Momentum Acceleration-9.5%
Momentum ConsistencyModerate (0.66)
Relative Strength vs Sector-29.0%
Trend Strength (ADX Proxy)Moderate (2.4)
Momentum Quality-0.223
Momentum BreadthNarrow
Macro Regime
Bull RegimeYes
High Vol RegimeNo
S&P 500 Return+25.0%
Yield Curve-0.1bp

Sector-Relative AnalysisIn-model features

Value Trap Signal
0%
Low risk
Sector RevGr Rank
P83
Revenue growth vs Consumer Cyclical peers
Sector PE Rank
P1
Valuation vs Consumer Cyclical peers
Sector FCF Rank
P8
Free cash flow vs Consumer Cyclical peers
Growth Deviation
+0.6ฯƒ
Z-score vs sector median
Stagnation Flag
NO
Not flagged

Analysis Signals

Scoring Factors
Fundamental score of 34 relative to sector peers34/100
Machine learning ensemble ranks this stock at the 8th percentileP8
Blended score: 80% fundamental (34) + 20% ML (8) = 29.029.0
Risk assessment: low. Low vol 0.1%; Drawdown 20% โ†’ 0.0ptLow
Earnings quality grade D: weak earnings quality, multiple concerns. Score adjusted by 0 pointsGrade D
SHAP feature alignment: +2.4pt (features align with model priorities)SHAP
Divergence penalty: -1.7pt (ML 26pt lower)Divergence
Risk Factors
Quality concern: High accrual ratio (-2524.8%) โ€” earnings quality concernFlag
Liquidity penalty: -2.0pt (grade B)Liquidity

Sector Peer Comparison(Consumer Cyclical โ€” Rank #96 of 114 stocks)

StockScoreP/ERev GrowthMarginMkt Cap
FWRG28.5273.613.9%0.3%$771M
MAR76.937.24.3%9.9%$93.0B
ULTA75.526.20.8%10.6%$31.0B
ABNB75.530.110.3%20.5%$81.8B
ORLY73.132.55.7%14.3%$77.0B
HAS73.016.7-17.3%9.3%$14.1B
GTX71.611.83.1%8.6%$4.0B
ROST71.530.73.7%9.9%$66.4B
DPZ71.121.95.1%12.4%$13.7B
CART69.719.911.0%13.5%$9.9B
EBAY69.618.31.7%19.3%$39.7B
GNTX68.314.30.6%17.5%$5.2B
MCRI66.217.24.4%18.6%$1.8B
CASY65.541.07.3%3.4%$25.2B
AMZN65.527.712.4%10.8%$2.2T
TXRH65.227.616.0%8.1%$12.2B
Sector Average47.436.96.3%-6.5%โ€”

Company Overviewvia FMP

First Watch Restaurant Group, Inc. operates and franchises restaurants under the First Watch trade name. As of March 23, 2022, it operated 341 company-owned restaurants and 94 franchised restaurants in 28 states 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. First Watch Restaurant Group, Inc. was founded in 1983 and is headquartered in Bradenton, Florida.

CEO
Christopher A. Tomasso
Employees
15,000
Beta
0.89
Industry
Restaurants
FMP-Identified Peers

Technical Picturecomputed from daily prices

RSI (14)
27.1
Oversold
Trend
Bearish
10-day vs 50-day MA
From 52W High
-40.2%
High: $21.99
From 52W Low
+8.1%
Low: $12.17
Moving Averages
10-Day
$14.80
Below
20-Day
$15.80
Below
50-Day
$16.00
Below
200-Day
$16.70
Below
60-Day Support
$12.17
60-Day Resistance
$18.77
Weinstein Stage Analysisbased on 200-day SMA framework
Stage 4 โ€” DecliningScore: 5/100

Stock is in a downtrend below the 200-day moving average. Price is below both the 50-day and 200-day SMAs, indicating sustained selling pressure.

Unfavorable technical position; wait for Stage 1 basing
Price vs 200 SMA
-21.3%
200 SMA Slope (60d)
-3.65%
Falling
Volume Ratio
1.66x
10d avg vs 50d avg
Days in Stage
11
Confidence: 90%
Recent Gap Down

Financial Statementslast 4 quarters via FMP

MetricQ4 2025Q3 2025Q2 2025Q1 2025
Revenue$316M$316M$308M$282M
Gross Profit$599M$68M$60M$216M
Operating Income$9M$10M$7M$1M
Net Income$17M$3M$2M$-2M
EPS (Diluted)$0.24$0.05$0.03$-0.01
Gross Margin189.4%21.5%19.4%76.4%
Operating Margin2.9%3.2%2.4%0.4%
Net Margin5.2%0.9%0.7%-0.8%

Why This Stock

Consumer CyclicalRevenue growth 13.9%

Tradability FilterGrade B โ€” 73/100Score impact: -3.0pt

Volume
100
1.2M avg/day
Dollar Vol
79
$19M/day
Float
40
0K shares
Mkt Cap
39
$771M
Range
95
70% spread
Composite Liquidity Score73/100
FDCBA

Multi-Year Range Analysis

Sideways: 1/100
YearLowHighRangeStatus
2022$11.57$18.9548.4%Wide
2023$13.32$20.9544.5%Wide
2024$12.90$25.9867.3%Wide
2025$12.90$22.7155.1%Wide
3-Year Range
67.3%
Narrow Years
0 / 4
Sideways Penalty
None

Growth Projection Adjustment

0.7x dampening
weinstein basing

Growth estimates have been dampened based on technical and fundamental signals. This is a post-hoc adjustment to prevent overly optimistic projections for stocks showing declining momentum or deteriorating fundamentals.

Free Float
0.0%
Outstanding Shares
0M
Bid-Ask Spread
70.0%
Institutional Tradable
Yes

Scores are generated by a multi-stage ML pipeline combining fundamental analysis, ensemble predictions, and structural risk signals. All data is for research purposes only and does not constitute financial advice. Past performance does not guarantee future results.