- Entry
- $11.30
- Now
- $10.40 -8.0%
- Target
- —
- Score
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Wrote an [article](https://gregw134.substack.com/p/first-watch-fwrg-why-cracker-barrel?r=23iup&utm_campaign=post-expanded-share&utm_medium=web) on First Watch ($FWRG). I would post directly here but pictures aren't allowed. The company is Starbucksifying breakfast, it's competing on quality and style where Denny's/IHOP/Waffle House compete on price. Very popular in the Midwest and South and expanding nationally, currently at 650 restaurants with a target of 2200. On the surface it looks like a pe 40 stock but once you dig into the numbers it's closer to 10x while growing 10-12% a year. The restaurants …
— ORIGINAL POST ·
First Watch ($FWRG), why Cracker Barrel Changed its Logo
· r/ValueInvesting
· Aug 31, 2026