A number of other hedge funds have also recently bought and sold shares of the company. Barclays PLC grew its holdings in shares of First Watch Restaurant Group by 505.3% during the 3rd quarter. Barclays PLC now owns 172,515 shares of the company’s stock valued at $2,690,000 after acquiring an additional 144,014 shares in the last quarter. Mutual of America Capital Management LLC purchased a new position in First Watch Restaurant Group in the third quarter valued at about $5,757,000. Geode Capital Management LLC grew its stake in First Watch Restaurant Group by 13.5% in the third quarter. Geode Capital Management LLC now owns 769,608 shares of the company’s stock valued at $12,008,000 after purchasing an additional 91,416 shares in the last quarter. JPMorgan Chase & Co. grew its stake in First Watch Restaurant Group by 22.6% in the third quarter. JPMorgan Chase & Co. now owns 1,986,425 shares of the company’s stock valued at $30,988,000 after purchasing an additional 366,227 shares in the last quarter. Finally, FMR LLC grew its stake in shares of First Watch Restaurant Group by 9.5% in the 3rd quarter. FMR LLC now owns 625,523 shares of the company’s stock valued at $9,758,000 after buying an additional 54,282 shares in the last quarter. 96.11% of the stock is owned by institutional investors and hedge funds.

Shares of FWRG opened at $20.61 on Tuesday. The firm has a 50-day moving average of $19.61 and a 200-day moving average of $17.72. First Watch Restaurant Group, Inc. has a one year low of $12.90 and a one year high of $25.98. The company has a market cap of $1.25 billion, a PE ratio of 62.46, a price-to-earnings-growth ratio of 3.50 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.54 and a quick ratio of 0.51.

Several analysts have commented on FWRG shares. Piper Sandler boosted their target price on shares of First Watch Restaurant Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Raymond James upped their price objective on shares of First Watch Restaurant Group from $22.00 to $25.00 and gave the stock a “strong-buy” rating in a report on Friday, November 8th. Stephens reiterated an “overweight” rating and issued a $25.00 price objective on shares of First Watch Restaurant Group in a report on Tuesday, January 28th. Barclays increased their price objective on First Watch Restaurant Group from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, TD Cowen boosted their target price on First Watch Restaurant Group from $18.00 to $21.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.30.

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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.

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