Insider Selling: First Watch Restaurant Group (NASDAQ:FWRG) Insider Sells $57,914.00 in Stock

First Watch Restaurant Group, Inc. (NASDAQ:FWRG) insider John Daniel Jones sold 4,600 shares of First Watch Restaurant Group stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $12.59, for a total transaction of $57,914.00. Following the transaction, the insider owned 86,422 shares in the company, valued at $1,088,052.98. The trade was a 5.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

First Watch Restaurant Group Stock Down 1.5%

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

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

Trending Headlines about First Watch Restaurant Group

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

Analyst Upgrades and Downgrades

FWRG has been the topic of several recent research reports. Stephens reduced their price target on First Watch Restaurant Group from $24.00 to $21.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Piper Sandler reaffirmed an “overweight” rating and issued a $19.00 price objective on shares of First Watch Restaurant Group in a research report on Tuesday, February 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of First Watch Restaurant Group in a research note on Monday, December 29th. TD Cowen reduced 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. Finally, Citigroup decreased their target price on shares of 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 given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, First Watch Restaurant Group presently has a consensus rating of “Moderate Buy” and an average price target of $19.75.

Institutional Investors Weigh In On First Watch Restaurant Group

A number of hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp purchased a new stake in First Watch Restaurant Group during the 3rd quarter worth approximately $30,000. First Horizon Advisors Inc. boosted its stake in shares of First Watch Restaurant Group by 207.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,950 shares of the company’s stock valued at $31,000 after buying an additional 1,316 shares during the last quarter. State of Wyoming purchased a new position in shares of First Watch Restaurant Group during the 4th quarter valued at approximately $64,000. Kemnay Advisory Services Inc. acquired a new stake in shares of First Watch Restaurant Group during the fourth quarter worth approximately $66,000. Finally, BNP Paribas Financial Markets increased 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 worth $70,000 after buying an additional 1,673 shares during the last quarter. Institutional investors and hedge funds own 96.11% of the company’s stock.

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.