Latest news with #FirstWatch
Yahoo
5 days ago
- Business
- Yahoo
Why First Watch (FWRG) Stock Is Trading Lower Today
Shares of breakfast restaurant chain First Watch Restaurant Group (NASDAQ:FWRG) fell 5% in the pre-market session after continued negative momentum as a filing showed that investment firm Brown Advisory Inc. sold its position in the company. According to a report on July 10, the investment firm sold 32,341 shares of the restaurant group. While the size of this single transaction is modest, it comes on the heels of a much larger sale by a key insider. In early June, major shareholder Advent International sold 4.5 million shares, a transaction totaling over $66 million. This pattern of selling by both institutional investors and major insiders can create downward pressure on a stock, as it may lead other investors to question the company's near-term growth prospects. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy First Watch? Access our full analysis report here, it's free. First Watch's shares are very volatile and have had 28 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. First Watch is down 6.6% since the beginning of the year, and at $17.55 per share, it is trading 21.1% below its 52-week high of $22.23 from February 2025. Investors who bought $1,000 worth of First Watch's shares at the IPO in September 2021 would now be looking at an investment worth $793.04. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Eater
5 days ago
- Business
- Eater
Las Vegas Loses Three Restaurants With Plant-Based Menus
Three restaurants that catered to vegans, Meatless Monday enthusiasts, and vegetable lovers shuttered across the Las Vegas Valley in the past week, including local favorite NoButcher and the mushroom-forward eatery Chagaroot. NoButcher announced the closure of both its locations — on South Rainbow Boulevard near Spring Mountain Road and its three-month-old outpost on Saint Rose Parkway in Henderson — via Instagram on Monday, July 7. The plant-based deli, known for its vegan takes on classic sandwiches like pulled pork and pastrami with Swiss, cited unforeseen challenges, including underperforming sales and undisclosed building issues. 'This may only be temporary, but for now, we are taking a step back,' the post reads. 'Sales are 30 percent lower than what we were originally told,' the post added, noting that the concept 'isn't gone forever.' Chagaroot, which closed on Thursday, July 3, primarily focused on plant-based fare — particularly mushrooms — but also offered meat add-ons such as salmon, chicken, and steak. The Henderson restaurant featured vegan chicken sandwiches, crispy nuggets, and smoothies made with tropical fruits and mycelium mix or cordyceps mushrooms. A farewell Instagram post reads, 'From the bottom of our hearts, thank you for being part of this journey.' The Vegas-based brand continues to sell its mushroom protein powder online. Japanese tea shop debuts in Vegas Japan-based tea shop Nana's Green Tea has landed in Las Vegas. The matcha used at the shop is stone-ground in Uji or Shizuoka before arriving at the new location at 6925 South Buffalo Drive, Unit 140, near Warm Springs Road. Matcha is available in lattes, floats, sodas, soft serve with chocolate, and parfaits layered with black sesame. First Watch makes first appearance First Watch, a daytime café with nearly 600 locations across the country, is bringing casual brunches to Las Vegas. The first of three planned locations opens this August at 1020 East Craig Road in North Las Vegas. The menu includes smoked salmon eggs Benedict, lemon ricotta pancakes, quinoa breakfast bowls, kale salads, and roast beef and horseradish Havarti sandwiches.
Newsweek
03-07-2025
- Entertainment
- Newsweek
Best Breakfast Chain
Another Broken Egg Cafe Photo courtesy of Brett_Hondow/iStock by Getty Images Photo courtesy of Brett_Hondow/iStock by Getty Images Another Broken Egg Cafe has been toasting the morning with mimosas and omelets since 1996. Foodies love to brunch here thanks to an upscale twist on Southern staples, so if you think shrimp should go with grits and chicken tastes great with waffles, this place gives your favorite comfort food a chef's kiss. Order a sugary beignet and a peach mocktail or blackberry mule to round out your high-cotton meal. Big Bad Breakfast (BBB) Photo courtesy of Big Bad Breakfast Photo courtesy of Big Bad Breakfast What happened when a James Beard Award–winning chef from New Orleans turned his attention to the most important meal of the day? Big Bad Breakfast was born. Plates piled high with andouille sausage, eggs fixed however you like, cheese-covered hash cakes made from scratch—it's the Big Easy way to start your day. As amazing as the popular Bloody Marys are, the fresh, fluffy biscuits are BBB's buttery stars. Broken Yolk Cafe Photo courtesy of Fudio/iStock by Getty Images Photo courtesy of Fudio/iStock by Getty Images For nearly 50 years, it's where Californians have fueled up for a day on the waves: Broken Yolk Cafe is a West Coast favorite for its decadent eggs Benedict and healthy choices like smoked salmon and avocado toast. Cal-Mex flavors of spicy chorizo and salsa verde pair perfectly with pomegranate juice or a Tajin-rimmed Bloody Mary. The restaurant's open for lunch too, great for a burger in the Cali sunshine. Call Your Mother Deli Photo courtesy of Call Your Mother Deli Photo courtesy of Call Your Mother Deli With locations in Denver and the greater D.C. area, Call Your Mother Deli packs a tasty punch despite its small footprint. Its whimsical take on create-your-own bagels (make a pastrami potato chip bagel schmeared with hummus if you'd like!) just might turn you into a morning person. Not sure how to assemble your bagel? The deli has plenty of suggestions, like the Royal Palm with smoked salmon and capers. Eggs Up Grill Photo courtesy of rez-art/iStock by Getty Images Photo courtesy of rez-art/iStock by Getty Images A warm smile and hot coffee await at your neighborhood Eggs Up Grill. The well-over-a-hundred restaurants sprinkled throughout the South have cracked the code for a simple, award-winning breakfast, serving farm-fresh eggs cooked to order and classics like biscuits and gravy done deliciously. But if you want to eat on the wilder side, try a Melty Cristo with spicy honey or a Crab-Ocado Scrambler with crab cakes. First Watch Photo courtesy of Robin Gentry/iStock by Getty Images Photo courtesy of Robin Gentry/iStock by Getty Images Good mornings start at First Watch, a 1980s California gathering spot that's gone national with its hearty and healthy take on breakfast. From French toast topped with fresh fruit to a trio of breakfast tacos, First Watch delivers—to your table and your front door! The company gives back to every community it whisks up pancakes in, so you can feel good about downing that second plate of Million Dollar Bacon. Hash House A Go Go Image courtesy of Hash House A Go Go Image courtesy of Hash House A Go Go Hash House A Go Go calls its style "twisted farm food," and it's easy to see why: sage fried chicken stacked precariously high on a waffle, a pork tenderloin sandwich you might need three hands to eat and Snickers pancakes the size of a tractor's steering wheel. Still have room after a crab cake-stuffed burger? The restaurant's famous B.L.T. Mary cocktail is a hearty meal in itself. Maple Street Biscuit Company Photo courtesy of Christian Gomez/iStock by Getty Images Photo courtesy of Christian Gomez/iStock by Getty Images Maple Street Biscuit Company believes a warm welcome each morning is a must, and that the humble biscuit can be so much more. Throughout the menu, you'll find quirky, flavor-filled creations—like the fried chicken, goat cheese and pepper jelly biscuit featured on Food Network's Guilty Pleasures. Your biscuit isn't complete without a handcrafted drink, from maple vanilla lattes and sweet cream cold brew to hot honey lemonade and fruit tea. Ruby Slipper Photo courtesy of Page Light Studios/iStock by Getty Images Photo courtesy of Page Light Studios/iStock by Getty Images Seasonal mimosa flights, six kinds of eggs Benedict, sugar-glazed bacon called pig candy—there's no place like Ruby Slipper for a one-of-a-kind brunch. This New Orleans–based café has begun to expand, doling out its fried green tomatoes and Gulf shrimp omelets to the rest of the South. Perhaps the chain's most delightful feature is its dog-friendly menu: order your goodest boy a banana pupcake or an egg and chicken sausage scramble. Snooze, an A.M. Eatery Photo courtesy of Jaana Brown/iStock by Getty Images Photo courtesy of Jaana Brown/iStock by Getty Images If you Snooze, you definitely won't lose! You'll have a winning morning with the eatery's 1950s diner vibe and crazy pancakes (care to tackle a stack of pineapple upside-down pancakes?). For something savory, try a lean protein scramble or a hearty plate of hash browns covered in cheddar. All ingredients are responsibly sourced, so your nitro cold brew goes toward planting trees and making the planet a better place. The Friendly Toast Photo courtesy of HHLtDave5/iStock by Getty Images Photo courtesy of HHLtDave5/iStock by Getty Images It's Saturday night, and you're in the mood for brunch. Where can you go? The Friendly Toast. Many locations of this playful New England restaurant are open all day on weekends so you can get your fill from its creative menu. Whether you want spicy salmon bagels, an avocado rice bowl with Doritos, deep-fried tater tots or simple blueberry pancakes, you're sure to find something to satisfy your breakfast-for-dinner craving. The Original Pancake House Photo courtesy of fdastudillo/iStock by Getty Images Photo courtesy of fdastudillo/iStock by Getty Images The family-owned Original Pancake House has been an icon in the breakfast world for over 70 years, spreading its famous apple pancakes and golden Dutch baby pancakes across the country. Everything's made from scratch using the finest ingredients and a family sourdough recipe. If a sugar-glazed meal of flapjacks sounds too sweet, opt for corned beef hash or a ham omelet—though every savory meal still comes with pancakes! The Toasted Yolk Cafe Photo courtesy of Ali Waxman/iStock by Getty Images Photo courtesy of Ali Waxman/iStock by Getty Images Let's thank Texas for sharing the churro doughnuts and brisket tacos from The Toasted Yolk Cafe with the rest of the South. Its dozens of cafés, mostly along the Gulf Coast, have breakfast lovers up at sunrise for chicken-fried steak with eggs or healthy Southwest breakfast bowls. Rather sleep in? Then stop by for lunch, where patty melts and strawberry salads will deliciously fuel your day. Waffle House Photo courtesy of jetcityimage/iStock by Getty Images Photo courtesy of jetcityimage/iStock by Getty Images A highway landmark that's as essential to Southern culture as grits and football, Waffle House has been serving late-night road trippers and traveling sports teams since 1955. Open 24 hours, its nearly 2,000 diners are famous for their friendly service and their smothered, covered and chunked hash browns. And it's affordable—the popular All-Star Special breakfast is big enough to split (though you may want the pecan waffle for yourself). Yolk Photo courtesy of Daniel Huang/iStock by Getty Images Photo courtesy of Daniel Huang/iStock by Getty Images One man's dream of an upscale breakfast place in downtown Chicago produced Yolk. With just over a dozen locations, this small chain is steadily growing because of unique dishes like breakfast mac 'n' cheese and red velvet French toast. There are loads of drink options, from strawberry orange juice and matcha lattes to flavored coffee syrups—but Yolk's signature coffee is so good, you may want to skip the extra flavor.
Yahoo
28-06-2025
- Business
- Yahoo
First Watch plans for dozens of new restaurants in 2025. Here's where.
First Watch operates more than 580 restaurants in 31 states, and that number is expected to grow in 2025. The company said on its 2025 first quarter earnings call on May 6 it had opened 13 restaurants in 10 states in the first three months of the year, resulting in a total of 584 restaurants – 498 company-owned locations and 86 franchise-owned. Also on the earnings call, First Watch said it expects to open between 59 and 64 new restaurants in the 2025 fiscal year. "First quarter same restaurant traffic results are encouraging and continued the trends we experienced exiting 2024, demonstrating both the strength and the resilience of the First Watch brand," First Watch President and CEO Chris Tomasso said on the call. Tomasso said locations that opened in 2024 and 2025 have exceeded expectations despite "uncertainty" in the economic environment. Here's a look at where the chain has opened new restaurants so far in 2025 and where they are opening new locations the rest of the year. The company said it opened 13 new locations in 10 states in the first three months of the year: Alabama Florida Illinois Indiana Kentucky Maryland Massachusetts South Carolina Tennessee Virginia The Massachusetts location is the company's first-ever New England location, according to a First Watch spokesperson, and is located in Hanover. The company plans to open a second Massachusetts location, on Boylston Street in downtown Boston, later this year. 'This high-profile location in the heart of Boston is a major milestone as we continue our growth in New England and beyond,' said Chris Tomasso, First Watch CEO & President, in a news release on April 23. 'We're grateful for the warm welcome we received for our first Massachusetts location earlier this year and look forward to bringing First Watch's innovative menu and signature hospitality to the Back Bay.' The company also told USA TODAY it entered its 31st state – Idaho – in May. The company told USA TODAY it plans to open new locations in the following states in the back half of 2025: Alabama Arizona Delaware Florida Georgia Idaho Illinois Kentucky Maryland Massachusetts Missouri Nevada North Carolina Ohio Pennsylvania South Carolina Tennessee Texas Utah Virginia Wisconsin The company's new restaurant in Nevada will be located in Las Vegas and is scheduled to open this summer, a First Watch spokesperson told USA TODAY. Nevada will be the company's 32nd state with a location. Additionally, the company's first location in Memphis, Tennessee is slated for Sept. 2025. Gabe Hauari is a national trending news reporter at USA TODAY. You can follow him on X @GabeHauari or email him at Gdhauari@ This article originally appeared on USA TODAY: First Watch opening dozens of new locations in 2025. See where.
Yahoo
26-06-2025
- Business
- Yahoo
Sit-Down Dining Stocks Q1 Highlights: First Watch (NASDAQ:FWRG)
Quarterly earnings results are a good time to check in on a company's progress, especially compared to its peers in the same sector. Today we are looking at First Watch (NASDAQ:FWRG) and the best and worst performers in the sit-down dining industry. Sit-down restaurants offer a complete dining experience with table service. These establishments span various cuisines and are renowned for their warm hospitality and welcoming ambiance, making them perfect for family gatherings, special occasions, or simply unwinding. Their extensive menus range from appetizers to indulgent desserts and wines and cocktails. This space is extremely fragmented and competition includes everything from publicly-traded companies owning multiple chains to single-location mom-and-pop restaurants. The 13 sit-down dining stocks we track reported a mixed Q1. As a group, revenues beat analysts' consensus estimates by 0.8% while next quarter's revenue guidance was 2.3% below. Luckily, sit-down dining stocks have performed well with share prices up 24.1% on average since the latest earnings results. Based on a nautical reference to the first work shift aboard a ship, First Watch (NASDAQ:FWRG) is a chain of breakfast and brunch restaurants whose menu is heavily-focused on eggs and griddle items such as pancakes. First Watch reported revenues of $282.2 million, up 16.4% year on year. This print was in line with analysts' expectations, but overall, it was a softer quarter for the company with full-year EBITDA guidance missing analysts' expectations. "First quarter same restaurant traffic results are encouraging and continued the trends we experienced exiting 2024, demonstrating both the strength and the resilience of the First Watch brand,' said Chris Tomasso, CEO and President of First Watch. First Watch delivered the weakest performance against analyst estimates of the whole group. Unsurprisingly, the stock is down 18.8% since reporting and currently trades at $15.10. Read our full report on First Watch here, it's free. Founded by Norman Brinker in Dallas, Brinker International (NYSE:EAT) is a casual restaurant chain that operates the Chili's, Maggiano's Little Italy, and It's Just Wings banners. Brinker International reported revenues of $1.43 billion, up 27.2% year on year, outperforming analysts' expectations by 2.6%. The business had an exceptional quarter with a solid beat of analysts' EBITDA estimates and an impressive beat of analysts' same-store sales estimates. Brinker International delivered the highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 9.6% since reporting. It currently trades at $176. Is now the time to buy Brinker International? Access our full analysis of the earnings results here, it's free. Known for its conveyor belt that transports dishes to diners, Kura Sushi (NASDAQ:KRUS) is a chain of sushi restaurants serving traditional Japanese fare with a touch of modernity and technology. Kura Sushi reported revenues of $64.89 million, up 13.3% year on year, in line with analysts' expectations. It was a softer quarter as it posted a significant miss of analysts' EBITDA estimates and a miss of analysts' same-store sales estimates. Kura Sushi delivered the weakest full-year guidance update in the group. Interestingly, the stock is up 97.7% since the results and currently trades at $81.75. Read our full analysis of Kura Sushi's results here. Known for its bottomless steak fries, Red Robin (NASDAQ:RRGB) is a chain of casual restaurants specializing in burgers and general American fare. Red Robin reported revenues of $392.4 million, flat year on year. This result beat analysts' expectations by 1.3%. It was a very strong quarter as it also produced an impressive beat of analysts' EPS estimates and a solid beat of analysts' EBITDA estimates. The stock is up 74.6% since reporting and currently trades at $5.50. Read our full, actionable report on Red Robin here, it's free. Celebrated for its delicious (and free) brown bread, gigantic portions, and delectable desserts, Cheesecake Factory (NASDAQ:CAKE) is an iconic American restaurant chain that also owns and operates a portfolio of separate restaurant brands. The Cheesecake Factory reported revenues of $927.2 million, up 4% year on year. This print met analysts' expectations. Overall, it was a strong quarter as it also logged a solid beat of analysts' EBITDA estimates and a decent beat of analysts' EPS estimates. The stock is up 18.9% since reporting and currently trades at $60. Read our full, actionable report on The Cheesecake Factory here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
