First Watch Restaurant Group, Inc.
Close on Oct 19, 2026
- Market cap
- $757.53M
- P/E (TTM)
- 41.9
- Dividend yield
- –
About First Watch Restaurant
Retail-Eating Places, SIC 5812
First Watch Restaurant Group, Inc. operates and franchises daytime dining restaurants that specialize in breakfast, brunch, and lunch meals prepared to order with fresh ingredients. The company's food service offerings feature an evolving, seasonally rotating menu alongside signature morning and midday entrees, proprietary fresh juices, coffee, brunch cocktails, and shareable plates. Operating under a single daytime shift, First Watch caters to retail dining patrons seeking on-premise daytime hospitality as well as off-premises consumers ordering takeout and third-party delivery across diverse demographic groups, including Millennial and Gen Z diners.
As of December 28, 2025, First Watch's restaurant footprint comprised 633 total locations across 32 states, consisting of 560 company-owned locations and 73 franchise-operated establishments. The organization manages its corporate and franchise operations from its principal executive offices located in Bradenton, Florida.
Summary of the business section of First Watch Restaurant's latest annual report, written by StockData.
Company profile
Company
- Legal name
- First Watch Restaurant Group, Inc.
- Founded
- 1983
- Headquarters
- Bradenton, FL
- Address
- 8725 Pendery Place, Suite 201 34201
- Phone
- (941) 907-9800
- Website
- firstwatch.com
- Employees
- 30, Dec 28, 2025
- Industry
- Retail-Eating Places
- Incorporated in
- Delaware
- Fiscal year ends
- December 28
- Auditor
- PricewaterhouseCoopers LLP, Tampa, Florida
Stock & identifiers
- Ticker
- FWRG
- Exchange
- Nasdaq
- IPO date
- Oct 4, 2021
- Shares outstanding
- 62M, Jul 31, 2026
- Public float
- $733.40M, Jun 29, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1789940
- CUSIP
- 33748L101
- ISIN
- US33748L1017
- EIN
- 82-4271369
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Christopher Anthony Tomasso | President and CEO, Director | 1,029,583 |
| Ashlee Suzanne Weisser | Chief Financial Officer | 64,365 |
| Eric Richard Hartman | Chief Development Officer | 244,530 |
| Matthew Eisenacher | Chief Brand Officer | 67,223 |
| H. Melville Hope Iii | CFO and Treasurer | 111,787 |
| Laura Anne Sorensen | Chief People Officer | 237,353 |
| Jay Anthony Wolszczak | Chief Legal Officer, GC & Secy | 228,930 |
| John Daniel Jones | Chief Operations Officer | 84,725 |
| Jostein Solheim | Director | 31,601 |
| William A. Kussell | Director | 38,747 |
| Stephanie Lilak | Director | 39,361 |
| Charles Jemley | Director | 44,278 |
| Michael D. Fleisher | Director | 29,297 |
| Irene Chang Britt | Director | 31,645 |
| Ralph Alvarez | Director | 440,471 |
| Rachel K. Tipograph | Director | 21,647 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr. Tomasso | $11.52M | $10.51M | $2.85M | $112 | $124 |
| FY2024 Mr. Tomasso | $4.92M | $4.09M | $1.53M | $132 | $142 |
| FY2023 Mr. Tomasso | $4.93M | $7.34M | $1.57M | $141 | $118 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“Each restaurant operates with a staff of approximately 30 team members led by general manager(s).”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Oct 4, 2021 | IPO | Initial public offering priced (424B4 prospectus) |
| Oct 1, 2021 | Listing | Registration of securities on an exchange (Form 8-A) |