First Watch Restaurant Group (NASDAQ:FWRG) Insider Laura Anne Sorensen Sells 4,732 Shares

First Watch Restaurant Group, Inc. (NASDAQ:FWRG) insider Laura Anne Sorensen sold 4,732 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $12.59, for a total transaction of $59,575.88. Following the transaction, the insider owned 239,050 shares of the company’s stock, valued at approximately $3,009,639.50. This represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

First Watch Restaurant Group Stock Down 1.8%

Shares of NASDAQ:FWRG traded down $0.22 during midday trading on Friday, reaching $11.49. The company had a trading volume of 630,591 shares, compared to its average volume of 1,788,867. First Watch Restaurant Group, Inc. has a 1-year low of $11.44 and a 1-year high of $20.55. The stock has a market cap of $702.19 million, a PE ratio of 37.16, a P/E/G ratio of 2.50 and a beta of 0.92. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average price is $15.27 and its 200 day moving average price is $16.39.

First Watch Restaurant Group (NASDAQ:FWRG) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.08 by $0.16. The firm had revenue of $316.35 million during the quarter, compared to analysts’ expectations of $317.49 million. First Watch Restaurant Group had a return on equity of 3.20% and a net margin of 1.59%.The business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.01 earnings per share. Research analysts forecast that First Watch Restaurant Group, Inc. will post 0.32 EPS for the current fiscal year.

First Watch Restaurant Group News Roundup

Here are the key news stories impacting First Watch Restaurant Group this week:

• Positive Sentiment: Quarterly result: First Watch reported an EPS beat for the most recent quarter ($0.24 vs. $0.08 consensus) and year-over-year revenue growth (~20%), which supports near-term fundamentals and consensus analyst upside. Earnings & company page
• Positive Sentiment: Analyst coverage: Multiple brokerages maintain Buy/Overweight views and the consensus target remains well above current levels (~$19.75), giving potential upside if execution continues. Analyst note
• Neutral Sentiment: Institutional ownership is very high (~96%), which can damp volatility but also means flows from a few large holders matter more than retail trading. Institutional holdings
• Neutral Sentiment: Valuation & liquidity: FWRG trades below its 50- and 200-day moving averages and near its 12‑month low; balance-sheet ratios (low current/quick ratios) and a mid‑teens P/E multiple on expected near-term earnings may limit upside until trends improve. Financial snapshot
• Negative Sentiment: CFO sale: CFO H. Melville Hope III sold 7,358 shares at $12.59 on March 10, a ~5.98% reduction in his stake — a high-profile sale that typically attracts investor scrutiny. CFO Form 4
• Negative Sentiment: Multiple insider trims: Other executives (Jay Wolszczak, Matthew Eisenacher, John D. Jones, Laura Sorensen) sold between ~4,600–6,998 shares each at $12.59 on March 10, collectively representing notable position reductions that can pressure sentiment. Sample Form 4

Institutional Trading of First Watch Restaurant Group

Several hedge funds and other institutional investors have recently modified their holdings of FWRG. Jones Financial Companies Lllp bought a new position in First Watch Restaurant Group in the 3rd quarter valued at about $30,000. First Horizon Advisors Inc. grew its position in shares of First Watch Restaurant Group by 207.6% in the second quarter. First Horizon Advisors Inc. now owns 1,950 shares of the company’s stock valued at $31,000 after purchasing an additional 1,316 shares during the last quarter. State of Wyoming bought a new position in shares of First Watch Restaurant Group during the fourth quarter worth approximately $64,000. Kemnay Advisory Services Inc. acquired a new stake in First Watch Restaurant Group during the 4th quarter worth approximately $66,000. Finally, BNP Paribas Financial Markets boosted its stake in First Watch Restaurant Group by 61.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 4,375 shares of the company’s stock valued at $70,000 after purchasing an additional 1,673 shares during the period. Institutional investors own 96.11% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on FWRG shares. DA Davidson initiated coverage on shares of First Watch Restaurant Group in a research note on Friday, March 6th. They issued a “buy” rating and a $17.00 price target for the company. Weiss Ratings restated a “hold (c-)” rating on shares of First Watch Restaurant Group in a research note on Monday, December 29th. Barclays dropped their target price on shares of First Watch Restaurant Group from $19.00 to $17.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. TD Cowen reduced their price target on First Watch Restaurant Group from $21.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Finally, Citigroup dropped their price objective on First Watch Restaurant Group from $26.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $19.75.

First Watch Restaurant Group Company Profile

First Watch Restaurant Group, Inc (NASDAQ: FWRG) operates a specialty daytime dining concept focused on breakfast, brunch and lunch. The company’s casual, full-service cafés emphasize fresh ingredients, made-to-order entrées and a seasonally driven menu that ranges from omelets and Benedicts to salads, skillets and afternoon sandwiches. First Watch positions itself as a daytime-only destination, with most locations opening early morning and closing by mid-afternoon.

Founded in 1983 by Ken Pendery and John Sullivan in Pacific Grove, California, First Watch began as a single café and gradually expanded through company-owned and select franchised locations.