First Watch Restaurant Group (NASDAQ:FWRG) Insider Sells $76,421.30 in Stock

First Watch Restaurant Group, Inc. (NASDAQ:FWRG) insider Matthew Eisenacher sold 6,070 shares of First Watch Restaurant Group stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $12.59, for a total value of $76,421.30. Following the transaction, the insider directly owned 69,983 shares in the company, valued at approximately $881,085.97. The trade was a 7.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

First Watch Restaurant Group Trading Down 1.5%

Shares of First Watch Restaurant Group stock opened at $11.53 on Friday. The company has a market capitalization of $704.94 million, a P/E ratio of 37.19, a price-to-earnings-growth ratio of 2.32 and a beta of 0.92. The stock has a fifty day simple moving average of $15.19 and a 200 day simple moving average of $16.32. First Watch Restaurant Group, Inc. has a 12-month low of $11.44 and a 12-month high of $20.55. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 0.43.

First Watch Restaurant Group (NASDAQ:FWRG) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.16. First Watch Restaurant Group had a net margin of 1.59% and a return on equity of 3.20%. The firm had revenue of $316.35 million for the quarter, compared to the consensus estimate of $317.49 million. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 EPS. On average, sell-side analysts anticipate that First Watch Restaurant Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

First Watch Restaurant Group News Summary

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

• Positive Sentiment: Recent quarterly results showed an EPS beat (reported $0.24 vs. $0.08 consensus) and ~20% year-over-year revenue growth, which supports the company’s near-term fundamentals. Earnings & company page
• Positive Sentiment: Analyst coverage remains largely constructive — multiple Buy/Overweight ratings and an average target (~$19.75) sit well above the current price, indicating upside if execution continues. Analyst note
• Neutral Sentiment: Institutional ownership is very high (~96%), which can reduce retail-driven volatility but means flows from large holders will disproportionately move the stock. Institutional holdings
• Neutral Sentiment: Valuation and liquidity: FWRG sits below its 50- and 200-day moving averages and near its 52-week low; balance-sheet ratios (low current/quick ratios) and modest near-term margins mean upside may require sustained margin improvement. Financial snapshot
• Negative Sentiment: CFO insider sale: CFO H. Melville Hope III sold 7,358 shares at $12.59 on March 10 (≈6% reduction in his stake). High‑profile officer selling often raises short-term investor concern. CFO Form 4
• Negative Sentiment: Multiple other insider trims: Several executives (Jay Wolszczak, Matthew Eisenacher, John D. Jones, Laura Sorensen) sold between ~4,600–7,000 shares each at $12.59 on March 10, collectively reducing positions and pressuring market sentiment. Sample Form 4

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp bought a new stake in shares of First Watch Restaurant Group in the 3rd quarter worth approximately $30,000. First Horizon Advisors Inc. grew its holdings in First Watch Restaurant Group by 207.6% during 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 period. State of Wyoming bought a new position in First Watch Restaurant Group during the fourth quarter valued at $64,000. Kemnay Advisory Services Inc. purchased a new stake in First Watch Restaurant Group in the fourth quarter worth $66,000. Finally, BNP Paribas Financial Markets raised its stake in shares of First Watch Restaurant Group by 61.9% in the second quarter. BNP Paribas Financial Markets now owns 4,375 shares of the company’s stock valued at $70,000 after buying an additional 1,673 shares during the period. 96.11% of the stock is owned by institutional investors.

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.