Buy the Brunch Dip: First Watch Is Undercooked at $12.50
First Watch (FWRG) sold off into a comfortable entry near $12.50 after a run of openings and strong top-line growth. Fundamentals show accelerating unit growth, healthy operating cash flow (~$130M annual), and a manageable balance sheet. The pullback is an opportunity: trade a mid-term long with clear entry, stop and target while watching same-rest…