Bloomin' Brands (BLMN) vs First Watch Restaurant Group (FWRG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Bloomin' Brands (BLMN) has outperformed First Watch Restaurant Group (FWRG) over the past year, gaining 14.7% versus a loss of 30.6%. Over five years, FWRG leads with a -49.1% price change compared with -63.3% for BLMN. Bloomin' Brands is the larger company by market cap ($736.3 million vs $677.6 million), about 1.1 times the size.
On valuation, Bloomin' Brands trades at a lower forward P/E (7.9x vs 44.7x for First Watch Restaurant Group). Bloomin' Brands pays a dividend yielding 1.74%, while First Watch Restaurant Group does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | BLMN | FWRG |
|---|---|---|
| Share price | $8.60 | $10.98 |
| Market cap | $736.34M | $677.60M |
| 1-day change | +1.42% | +0.18% |
| YTD return | +39.38% | -27.19% |
| 1-year return | +14.67% | -30.64% |
| 5-year return | -63.34% | -49.14% |
| P/E ratio (TTM) | 26.06 | 39.21 |
| Forward P/E | 7.89 | 44.67 |
| EPS (TTM) | $0.33 | $0.28 |
| Dividend yield | 1.74% | 0.00% |
| Annual dividend | $0.15 | $0.00 |
| 52-week high | $12.63 | $18.82 |
| 52-week low | $5.19 | $9.88 |
| Distance from 52-week high | -31.91% | -41.67% |
| Analyst consensus | hold | strong_buy |
| Avg. price target upside | +37.91% | +75.77% |
| Average volume | 2.16M | 1.19M |
| Shares outstanding | 85.62M | 61.71M |
| Employees | 64,000 | 18,000 |
| Sector | Consumer Cyclical | Consumer Discretionary |
| Industry | Restaurants | Restaurants |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- BLMN has outperformed FWRG by 45.3 percentage points over the past year.
- First Watch Restaurant Group trades at a higher earnings multiple (39.2x vs 26.1x trailing P/E).
- Bloomin' Brands offers a meaningfully higher dividend yield (1.74% vs 0.00%).
- The two companies sit in different sectors: Bloomin' Brands in Consumer Cyclical and First Watch Restaurant Group in Consumer Discretionary.
About Bloomin' Brands
BLMN stock →Bloomin' Brands, Inc., through its subsidiaries, owns and operates casual, polished casual, and fine dining restaurants in the United States and internationally. The company operates through U.S.
Consumer Cyclical · Restaurants · 64,000 employees
About First Watch Restaurant Group
FWRG stock →First Watch Restaurant Group, Inc., through its subsidiaries, operates and franchises restaurants under the First Watch trade name in the United States. The company was formerly known as AI Fresh Super Holdco, Inc.
Consumer Discretionary · Restaurants · 18,000 employees
BLMN vs FWRG FAQ
Which is bigger, Bloomin' Brands or First Watch Restaurant Group?
Bloomin' Brands (BLMN) is larger, with a market capitalization of $736.34M compared with $677.60M for First Watch Restaurant Group (FWRG).
Which stock has performed better over the past year, BLMN or FWRG?
BLMN returned +14.67% over the past 12 months, compared with -30.64% for FWRG (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, BLMN or FWRG?
BLMN has the lower trailing P/E at 26.1, versus 39.2 for FWRG. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Bloomin' Brands or First Watch Restaurant Group?
Bloomin' Brands pays a dividend yielding 1.74%, while First Watch Restaurant Group does not currently pay a regular dividend.
Are Bloomin' Brands and First Watch Restaurant Group in the same industry?
Yes. Both are classified in the Restaurants industry within the Consumer Cyclical sector.