Peter Lynch’s adage “buy what you know” compelled me to research and ultimately buy shares of First Watch. I first learned about it while at an old job – there was one next to my office. I found the food to be enjoyable. I ultimately left the job and didn’t think about it again. A couple years later, they built one near my house. In the meantime, the company had gone through a massive revamp. The food was still high-quality, using fresh ingredients to prepare dishes that was made to order, but the menu was enhanced and streamlined, and the look was revamped using an Urban Farm décor. Since then, my family has been going to the restaurant on an almost weekly basis (usually after church on Sundays).
See unit level economics chart by ray j. 36.2% cash on cash returns.
Mind explaining where u see or expect the “ high 4-wall ROICs”? Thank you.
Forgive my rudimentary question, but are the PE owned shares included in the 61M diluted shares outstanding?