FWRG (First Watch Restaurant Group) Change In Inventory: $-1 Mil (TTM As of Jun. 2026)

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FWRG First Watch Restaurant Group Inc FWRG
75 GF Score
Price $12.01
GF Value $22.39
Valuation Possible Value Trap
! 5 Warning Signs
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What is First Watch Restaurant Group Change In Inventory?

First Watch Restaurant Group FWRG -2.44% 75 Change In Inventory is $-1 Mil as of Jun. 2026. GuruFocus rates FWRG with a GF Score™ of 75/100 and a GF Value™ of $22.39 (Possible Value Trap). The stock has 5 warning signs investors should review.

First Watch Restaurant Group's change in inventory for the quarter that ended in Jun. 2026 was $-1 Mil. It means First Watch Restaurant Group's inventory increased by $1 Mil from Mar. 2026 to Jun. 2026 .

First Watch Restaurant Group's change in inventory for the fiscal year that ended in Dec. 2025 was $-1 Mil. It means First Watch Restaurant Group's inventory increased by $1 Mil from Dec. 2024 to Dec. 2025 .

First Watch Restaurant Group's Total Inventories for the quarter that ended in Jun. 2026 was $8 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. First Watch Restaurant Group's Days Inventory for the quarter that ended in Jun. 2026 was 2.39.

Inventory Turnover measures how fast the company turns over its inventory within a year. First Watch Restaurant Group's Inventory Turnover for the quarter that ended in Jun. 2026 was 38.23.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. First Watch Restaurant Group's Inventory-to-Revenue for the quarter that ended in Jun. 2026 was 0.02.


First Watch Restaurant Group  (NAS:FWRG) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

First Watch Restaurant Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=7.469/285.533*365 / 4
=2.39

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

First Watch Restaurant Group's Inventory Turnover for the quarter that ended in Jun. 2026 is calculated as

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

First Watch Restaurant Group's Inventory to Revenue for the quarter that ended in Jun. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


First Watch Restaurant Group Change In Inventory Related Terms


First Watch Restaurant Group Change In Inventory Historical Data

* Premium members only.

The historical data trend for First Watch Restaurant Group's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Watch Restaurant Group Change In Inventory Chart

First Watch Restaurant Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Inventory
Get a 7-Day Free Trial -1.11 -1.01 -0.06 -0.51 -0.87

First Watch Restaurant Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.38 0.29 -0.69 0.04 -0.66
FWRG
75GF Score
First Watch Restaurant Group Inc FWRG
Change In Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
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First Watch Restaurant Group Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of $-1 Mil mean?
First Watch Restaurant Group (FWRG) has a Change In Inventory of $-1 Mil as of Jun. 2026. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for First Watch Restaurant Group and its competitors.
Is First Watch Restaurant Group's Change In Inventory too high?
First Watch Restaurant Group's current Change In Inventory is $-1 Mil. Overall, First Watch Restaurant Group has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does First Watch Restaurant Group's Change In Inventory compare to SG and BLMN?
First Watch Restaurant Group's Change In Inventory of $-1 Mil can be compared against companies in the Restaurants industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Restaurants company?
A good Change In Inventory depends on the Restaurants industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for First Watch Restaurant Group and its competitors. First Watch Restaurant Group's current Change In Inventory is $-1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Watch Restaurant Group stock overvalued right now?
Based on GuruFocus' analysis, First Watch Restaurant Group (FWRG) is currently considered Possible Value Trap. The stock's GF Value™ is $22.39, compared to a current price of $12.01 — trading 46.4% below its estimated fair value. The current Change In Inventory is $-1 Mil. First Watch Restaurant Group's overall GF Score™ is 75/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For First Watch Restaurant Group (FWRG), the current Change In Inventory is $-1 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Watch Restaurant Group (FWRG) Overvalued in 2026?

Based on GuruFocus' analysis, First Watch Restaurant Group stock appears to be undervalued. The current stock price of $12.01 is trading 46.4% below its estimated GF Value™ of $22.39. GuruFocus considers First Watch Restaurant Group to be Possible Value Trap.

Key valuation signals for FWRG:

  • Change In Inventory: $-1 Mil
  • GF Value™: $22.39 vs. price of $12.01 (46.4% below fair value)
  • GF Score™: 75/100 with 5 warning signs

No single metric tells the full story. See the FWRG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Watch Restaurant Group Business Description

Address 8725 Pendery Place, Suite 201, Bradenton, FL, USA, 34201
First Watch Restaurant Group Inc is a daytime restaurant concept serving made-to-order breakfast, brunch, and lunch using fresh ingredients. The company generates revenues from Restaurant sales and Franchise revenues. It generates maximum revenue from Restaurant sales.
75GF Score

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Change In Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$12.01
Price
$22.39
GF Value