Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. raised its position in First Watch Restaurant Group by 68.7% during the 4th quarter. Assetmark Inc. now owns 2,455 shares of the company’s stock valued at $46,000 after purchasing an additional 1,000 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in First Watch Restaurant Group during the 4th quarter valued at approximately $51,000. Venturi Wealth Management LLC bought a new position in First Watch Restaurant Group during the 4th quarter valued at approximately $81,000. Comerica Bank raised its position in First Watch Restaurant Group by 316.2% during the 4th quarter. Comerica Bank now owns 5,157 shares of the company’s stock valued at $96,000 after purchasing an additional 3,918 shares during the last quarter. Finally, American Century Companies Inc. bought a new position in First Watch Restaurant Group during the 4th quarter valued at approximately $200,000. 96.11% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have commented on FWRG. Piper Sandler lowered their price target on First Watch Restaurant Group from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, May 7th. Raymond James reaffirmed a “strong-buy” rating and set a $21.00 price target (down previously from $25.00) on shares of First Watch Restaurant Group in a research report on Wednesday, May 7th. TD Cowen raised First Watch Restaurant Group from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Tuesday, April 1st. Sanford C. Bernstein set a $21.00 target price on First Watch Restaurant Group in a research report on Tuesday, March 11th. Finally, Guggenheim decreased their target price on First Watch Restaurant Group from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, First Watch Restaurant Group presently has an average rating of “Buy” and a consensus price target of $21.36.

Read Our Latest Research Report on FWRG

In other First Watch Restaurant Group news, CEO Christopher Anthony Tomasso sold 42,039 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $16.81, for a total transaction of $706,675.59. Following the sale, the chief executive officer now directly owns 389,832 shares in the company, valued at approximately $6,553,075.92. This trade represents a 9.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jay Anthony Wolszczak sold 5,743 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $16.81, for a total value of $96,539.83. Following the completion of the transaction, the insider now owns 37,768 shares in the company, valued at approximately $634,880.08. This trade represents a 13.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by company insiders.

First Watch Restaurant Group stock opened at $15.43 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $941.12 million, a P/E ratio of 46.76, a PEG ratio of 3.38 and a beta of 1.01. The stock’s 50 day moving average is $17.32 and its 200 day moving average is $18.53. First Watch Restaurant Group, Inc. has a twelve month low of $12.90 and a twelve month high of $22.71.

First Watch Restaurant Group (NASDAQ:FWRG – Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.05). The company had revenue of $282.24 million during the quarter, compared to analysts’ expectations of $282.98 million. First Watch Restaurant Group had a return on equity of 3.61% and a net margin of 2.09%. The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.12 EPS. On average, equities research analysts predict that First Watch Restaurant Group, Inc. will post 0.32 earnings per share for the current fiscal year.

(Free Report)

First Watch Restaurant Group, Inc, through its subsidiaries, operates and franchises restaurants under the First Watch trade name in the United States. The company was formerly known as AI Fresh Super Holdco, Inc and changed its name to First Watch Restaurant Group, Inc in December 2019. First Watch Restaurant Group, Inc was founded in 1983 and is based in Bradenton, Florida.

Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Watch Restaurant Group, Inc. (NASDAQ:FWRG – Free Report).

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