Dine Brands Global (DIN) 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
Dine Brands Global (DIN) has outperformed First Watch Restaurant Group (FWRG) over the past year, gaining 10.4% versus a loss of 30.6%. Over five years, FWRG leads with a -49.1% price change compared with -63.2% for DIN. First Watch Restaurant Group is the larger company by market cap ($677.6 million vs $371.5 million), about 1.8 times the size.
On valuation, Dine Brands Global trades at a lower forward P/E (6.1x vs 44.7x for First Watch Restaurant Group). Dine Brands Global pays a dividend yielding 3.68%, 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 | DIN | FWRG |
|---|---|---|
| Share price | $29.35 | $10.98 |
| Market cap | $371.55M | $677.60M |
| 1-day change | -0.41% | +0.18% |
| YTD return | -8.68% | -27.19% |
| 1-year return | +10.42% | -30.64% |
| 5-year return | -63.21% | -49.14% |
| P/E ratio (TTM) | 48.11 | 39.21 |
| Forward P/E | 6.10 | 44.67 |
| EPS (TTM) | $0.61 | $0.28 |
| Dividend yield | 3.68% | 0.00% |
| Annual dividend | $1.08 | $0.00 |
| 52-week high | $39.68 | $18.82 |
| 52-week low | $23.23 | $9.88 |
| Distance from 52-week high | -26.03% | -41.67% |
| Analyst consensus | hold | strong_buy |
| Avg. price target upside | +23.78% | +75.77% |
| Average volume | 376.46K | 1.19M |
| Shares outstanding | 12.66M | 61.71M |
| Employees | — | 18,000 |
| Sector | Consumer Discretionary | 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
- DIN has outperformed FWRG by 41.1 percentage points over the past year.
- Dine Brands Global offers a meaningfully higher dividend yield (3.68% vs 0.00%).
About Dine Brands Global
DIN stock →Dine Brands Global, Inc., together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. It operates through three segments: Franchise, Company-owned restaurants, and Rental.
Consumer Discretionary · Restaurants
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
DIN vs FWRG FAQ
Which is bigger, Dine Brands Global or First Watch Restaurant Group?
First Watch Restaurant Group (FWRG) is larger, with a market capitalization of $677.60M compared with $371.55M for Dine Brands Global (DIN).
Which stock has performed better over the past year, DIN or FWRG?
DIN returned +10.42% 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, DIN or FWRG?
FWRG has the lower trailing P/E at 39.2, versus 48.1 for DIN. 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, Dine Brands Global or First Watch Restaurant Group?
Dine Brands Global pays a dividend yielding 3.68%, while First Watch Restaurant Group does not currently pay a regular dividend.
Are Dine Brands Global and First Watch Restaurant Group in the same industry?
Yes. Both are classified in the Restaurants industry within the Consumer Discretionary sector.