First Watch Restaurant Group, Inc. (FWRG): A Bear Case Theory 

We came across a bearish thesis on First Watch Restaurant Group, Inc. on Valueinvestorsclub.com by anonymouscashflow. In this article, we will summarize the bulls’ thesis on FWRG. First Watch Restaurant Group, Inc.'s share was trading at $16.49 as of December 17th. FWRG’s trailing P/E was 204.69 according to Yahoo Finance.

First Watch Restaurant Group, Inc., through its subsidiaries, operates and franchises restaurants under the First Watch trade name in the United States. FWRG recently reported a beat-and-raise quarter, driven largely by a ~$7 million one-time tailwind from...