Key Points
- Insider sale: Laura Anne Sorensen sold 1,697 shares on March 17 at an average price of $12.52 for $21,246.44, reducing her holding by 0.71% to 237,353 shares.
- Broader insider selling: Multiple insiders also sold stock this week, including CEO Christopher Tomasso (25,062 shares, ≈$313,776) and the CFO, marking notable insider-selling activity.
- Company performance and outlook: First Watch reported stronger-than-expected quarterly EPS ($0.24 vs. $0.08) with revenue up 20.2% year-over-year, while the stock trades near its 1‑year low and carries a consensus analyst rating of "Moderate Buy" with a $19.75 target.
First Watch Restaurant Group, Inc. (NASDAQ:FWRG - Get Free Report) insider Laura Anne Sorensen sold 1,697 shares of the business's stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $12.52, for a total transaction of $21,246.44. Following the sale, the insider owned 237,353 shares in the company, valued at $2,971,659.56. This trade represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Laura Anne Sorensen also recently made the following trade(s):
- On Tuesday, March 10th, Laura Anne Sorensen sold 4,732 shares of First Watch Restaurant Group stock. The shares were sold at an average price of $12.59, for a total transaction of $59,575.88.
First Watch Restaurant Group Price Performance
FWRG traded down $0.02 during trading on Friday, reaching $12.37. The stock had a trading volume of 100,204 shares, compared to its average volume of 1,720,656. The stock has a 50 day moving average of $14.93 and a two-hundred day moving average of $16.16. 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 firm has a market capitalization of $756.24 million, a price-to-earnings ratio of 39.69, a price-to-earnings-growth ratio of 2.48 and a beta of 0.92. First Watch Restaurant Group, Inc. has a 1-year low of $11.44 and a 1-year high of $20.55.
First Watch Restaurant Group (NASDAQ:FWRG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.16. First Watch Restaurant Group had a return on equity of 3.20% and a net margin of 1.59%.The company had revenue of $316.35 million for the quarter, compared to the consensus estimate of $317.49 million. During the same quarter in the previous year, the business earned $0.01 EPS. The company's quarterly revenue was up 20.2% compared to the same quarter last year. As a group, equities analysts anticipate that First Watch Restaurant Group, Inc. will post 0.32 EPS for the current fiscal year.
Institutional Trading of First Watch Restaurant Group
Hedge funds have recently made changes to their positions in the stock. Stephens Investment Management Group LLC increased its stake in First Watch Restaurant Group by 21.2% in the 3rd quarter. Stephens Investment Management Group LLC now owns 932,064 shares of the company's stock valued at $14,577,000 after buying an additional 163,102 shares during the period. Deepwater Asset Management LLC boosted its stake in shares of First Watch Restaurant Group by 14.8% during the 3rd quarter. Deepwater Asset Management LLC now owns 724,714 shares of the company's stock valued at $11,335,000 after buying an additional 93,662 shares during the period. Catalyst Funds Management Pty Ltd purchased a new position in shares of First Watch Restaurant Group during the 2nd quarter valued at $306,000. Ghisallo Capital Management LLC purchased a new position in shares of First Watch Restaurant Group during the 3rd quarter valued at $2,516,000. Finally, Loomis Sayles & Co. L P acquired a new position in shares of First Watch Restaurant Group in the second quarter worth $18,350,000. 96.11% of the stock is owned by hedge funds and other institutional investors.
Key First Watch Restaurant Group News
Here are the key news stories impacting First Watch Restaurant Group this week:
- Negative Sentiment: CEO Christopher Tomasso sold 25,062 shares for ≈$313,776, reducing his stake by ~2.55% while still retaining ~957,315 shares. SEC Filing
- Negative Sentiment: CFO H. Melville Hope III sold 3,878 shares for ≈$48,553 (≈3.35% reduction). SEC Filing
- Negative Sentiment: Director/insider Jay Anthony Wolszczak sold 3,161 shares for ≈$39,576 (≈1.36% reduction). SEC Filing
- Negative Sentiment: Insider Matthew Eisenacher sold 2,760 shares for ≈$34,555 (≈3.94% reduction). SEC Filing
- Negative Sentiment: Laura Anne Sorensen sold 1,697 shares for ≈$21,246 (≈0.71% reduction). SEC Filing
- Negative Sentiment: John Daniel Jones sold 1,697 shares for ≈$21,246 (≈1.96% reduction). SEC Filing
Wall Street Analysts Forecast Growth
Several research firms recently commented on FWRG. Zacks Research raised shares of First Watch Restaurant Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 10th. Weiss Ratings reiterated a "hold (c-)" rating on shares of First Watch Restaurant Group in a research report on Monday, December 29th. Piper Sandler reissued an "overweight" rating and set a $19.00 price objective on shares of First Watch Restaurant Group in a research note on Tuesday, February 24th. DA Davidson began coverage on First Watch Restaurant Group in a report on Friday, March 6th. They issued a "buy" rating and a $17.00 target price on the stock. Finally, Stephens cut their target price 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. One 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 company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $19.75.
Check Out Our Latest Analysis on FWRG
First Watch Restaurant Group Company Profile
(
Get Free Report)
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.
See Also
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