Event-Driven Stocks

First Watch Restaurant Group, Inc.

FWRGNasdaq

Consumer Discretionary · Retail-Eating Places · DE · SEC filings ↗ · Compare ⊕

View price & chart on Yahoo Finance ↗
Signs● 4 good● 1 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$1.22B$1.02B$891.6M$730.2M$601.2M$342.4M
Operating income$27.5M$38.9M$41.3M$16.9M$22.2M−$47.2M
Net income$19.4M$18.9M$25.4M$6.9M−$2.1M−$49.7M
Total assets$1.74B$1.51B$1.27B$1.10B$1.05B$1.01B
Total liabilities$1.12B$919.0M$705.8M$581.3M$542.5M$686.6M
Equity$626.3M$595.4M$561.3M$523.1M$504.4M$320.9M
EPS (diluted)$0.31$0.30$0.41$0.11$-0.04$-1.10
Shares out.60.7M59.9M59.3M59.0M59.0M45.0M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
2.3%
Net margin
1.6%
Return on equity
3.1%
Return on assets
1.1%
Return on capital (ROCE)
1.7%
Liabilities / assets
64.0%
Debt / equity
1.78×
Book value / share
$10.32
Revenue growth (YoY)
20.3%
Net income growth (YoY)
2.7%

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
0.19distress
Accruals / assets
−6.1%clean
Piotroski F-Score
4/9mixed

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
72
/ 100
Profitability 100Growth 100Catalyst 33Earnings quality 100Financial strength 25

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 1 severe● 4 good
  • Altman Z″ in the distress zone
  • Operating margin is positive
  • Revenue is growing year-over-year
  • Positive operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 20264.6M2.9-11.4%
Apr 30, 20265.2M4.3-9.6%
Apr 15, 20265.8M4.1+9.8%
Mar 31, 20265.3M3.0+7.3%
Mar 13, 20264.9M2.4+1.7%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)