Sei Investments Co. Acquires 226,089 Shares of First Watch Restaurant Group, Inc. $FWRG

Sei Investments Co. lifted its holdings in shares of First Watch Restaurant Group, Inc. (NASDAQ:FWRG) by 94.7% in the first quarter, HoldingsChannel.com reports. The fund owned 464,782 shares of the company’s stock after acquiring an additional 226,089 shares during the period. Sei Investments Co.’s holdings in First Watch Restaurant Group were worth $4,871,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of FWRG. Rockefeller Capital Management L.P. purchased a new position in First Watch Restaurant Group in the fourth quarter worth $63,000. State of Wyoming purchased a new stake in shares of First Watch Restaurant Group during the 4th quarter valued at $64,000. Kemnay Advisory Services Inc. purchased a new stake in shares of First Watch Restaurant Group during the 4th quarter valued at $66,000. BNP Paribas Financial Markets raised its stake in shares of First Watch Restaurant Group by 61.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 4,375 shares of the company’s stock worth $70,000 after purchasing an additional 1,673 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of First Watch Restaurant Group by 17,042.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,657 shares of the company’s stock worth $85,000 after buying an additional 5,624 shares during the last quarter. 96.11% of the stock is currently owned by institutional investors.

Key First Watch Restaurant Group News

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

• Positive Sentiment: Second-quarter revenue rose 15.2% year over year to $354.7 million, exceeding analysts’ $351.6 million estimate. Same-restaurant sales increased 3.4%, while 18 system-wide restaurants opened across 15 states. First Watch Q2 2026 Financial Results
• Positive Sentiment: Management outlined a plan to open approximately 50 company-operated restaurants annually beginning in 2027, signaling confidence in the brand’s long-term unit-growth opportunity. The company also reported $34.5 million of adjusted EBITDA for the quarter. First Watch 2027 Expansion Plan
• Neutral Sentiment: First Watch guided to fiscal 2026 adjusted EBITDA of $133 million to $136 million and revenue of approximately $1.4 billion, broadly in line with consensus expectations. First Watch 2026 Guidance
• Negative Sentiment: Quarterly EPS was $0.04, below estimates ranging from $0.05 to $0.06, although it improved from $0.03 a year earlier. Net income was only $2.3 million, highlighting continued pressure from the company’s low profit margin. First Watch Q2 Earnings Miss

First Watch Restaurant Group Trading Up 0.9%

Shares of FWRG stock opened at $12.92 on Thursday. The stock has a market capitalization of $796.33 million, a price-to-earnings ratio of 44.54, a PEG ratio of 7.58 and a beta of 1.03. The company’s fifty day simple moving average is $12.08 and its two-hundred day simple moving average is $12.80. First Watch Restaurant Group, Inc. has a 1 year low of $9.97 and a 1 year high of $19.53. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.29 and a quick ratio of 0.25.

First Watch Restaurant Group (NASDAQ:FWRG) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The company had revenue of $354.67 million during the quarter, compared to the consensus estimate of $351.57 million. First Watch Restaurant Group had a return on equity of 2.87% and a net margin of 1.35%.First Watch Restaurant Group’s revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.03 earnings per share. As a group, analysts anticipate that First Watch Restaurant Group, Inc. will post 0.2 earnings per share for the current year.

Analyst Ratings Changes

FWRG has been the subject of a number of research analyst reports. Stephens restated an “overweight” rating and set a $21.00 price objective on shares of First Watch Restaurant Group in a report on Wednesday, May 6th. Stifel Nicolaus set a $14.00 target price on shares of First Watch Restaurant Group in a research note on Tuesday, May 5th. Weiss Ratings raised shares of First Watch Restaurant Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday. TD Cowen restated a “buy” rating and set a $17.00 price target on shares of First Watch Restaurant Group in a research note on Wednesday, June 3rd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $17.00 price target on shares of First Watch Restaurant Group in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, First Watch Restaurant Group currently has an average rating of “Moderate Buy” and a consensus price target of $18.67.

About First Watch Restaurant Group

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.