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27 /100
MEDIUM RISK
Score updated Aug 28, 2026

FWRG — First Watch Restaurant Group, Inc. Dilution Risk Tracker

Track FWRG dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of August 28, 2026, First Watch Restaurant Group, Inc. (FWRG) has a DilutionWatch DilutionScore of 27/100, rated MEDIUM dilution risk. First Watch Restaurant Group, Inc. has a market capitalization of $716.93M, 61.71M shares outstanding, 214 institutional holders tracked.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
40
💰Cash Runway
📊 Float Risk
10
⚠️ Warrant Exposure
40
🔄 Convertible Debt
40

Dilution Forecast

☀️
Clear
No significant dilution signals
model est. 0%
No significant dilution signals detected for FWRG.
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Market Data

Market Cap$716.93M
Shares Outstanding61.71M
Float57.48M
Cash$20.48M
DebtN/A
Short InterestN/A

Institutional Holdings

QoQ: ↑ 1.9% shares (2026Q1 vs prior)
214 institutional holders · 73.43M shares
#1 VANGUARD CAPITAL MANAGEMENT LLC 4.80M shares
#2 BlackRock, Inc. 4.07M shares
#3 Bank of New York Mellon Corp 3.96M shares
+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest6.02M
Days to Cover6.7
% of Float10.5%
FINRA data as of Jul 31, 2026

Recent SEC Activity

xbrl XBRL CONVERTIBLE 2021-12-26
Full SEC filing analysis available with free account

Recent News

No recent news

Factual FWRG Dilution Snapshot

First Watch Restaurant Group, Inc. (FWRG) has a DilutionScore of 27/100, rated Medium dilution risk. Score date: August 28, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

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