Swiss National Bank raised its position in First Watch Restaurant Group, Inc. (NASDAQ:FWRG - Free Report) by 27.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 82,300 shares of the company's stock after purchasing an additional 17,700 shares during the period. Swiss National Bank owned about 0.14% of First Watch Restaurant Group worth $1,532,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Assetmark Inc. lifted its stake in First Watch Restaurant Group by 68.7% in the 4th quarter. Assetmark Inc. now owns 2,455 shares of the company's stock valued at $46,000 after buying an additional 1,000 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of First Watch Restaurant Group during the fourth quarter valued at $81,000. XTX Topco Ltd acquired a new position in First Watch Restaurant Group in the 3rd quarter valued at about $157,000. Oppenheimer Asset Management Inc. purchased a new position in First Watch Restaurant Group in the 4th quarter valued at about $204,000. Finally, Walleye Capital LLC acquired a new stake in shares of First Watch Restaurant Group during the 3rd quarter worth about $215,000. Hedge funds and other institutional investors own 96.11% of the company's stock.

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 shares were sold at an average price of $16.81, for a total transaction of $706,675.59. Following the transaction, the chief executive officer now directly owns 389,832 shares in the company, valued at $6,553,075.92. This represents a 9.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jay Anthony Wolszczak sold 5,743 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $16.81, for a total transaction of $96,539.83. Following the completion of the sale, the insider now directly owns 37,768 shares of the company's stock, valued at $634,880.08. The trade was a 13.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.00% of the company's stock.

Shares of NASDAQ:FWRG opened at $16.86 on Friday. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 51.09, a price-to-earnings-growth ratio of 3.38 and a beta of 0.91. The company has a 50 day moving average of $19.36 and a two-hundred day moving average of $18.15. First Watch Restaurant Group, Inc. has a 52-week low of $12.90 and a 52-week high of $25.98. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 0.32.

First Watch Restaurant Group (NASDAQ:FWRG - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $263.30 million for the quarter, compared to analysts' expectations of $262.82 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 7.6% on a year-over-year basis. During the same period last year, the firm earned $0.04 EPS. As a group, analysts forecast that First Watch Restaurant Group, Inc. will post 0.32 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on FWRG. TD Securities restated a "hold" rating and set a $21.00 target price on shares of First Watch Restaurant Group in a research report on Wednesday, March 12th. Sanford C. Bernstein set a $21.00 price objective on shares of First Watch Restaurant Group in a research note on Tuesday, March 11th. Benchmark restated a "buy" rating on shares of First Watch Restaurant Group in a report on Wednesday, March 12th. Bank of America boosted their price objective on shares of First Watch Restaurant Group from $27.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, March 12th. Finally, Barclays reiterated an "overweight" rating and issued a $21.00 target price (down previously from $24.00) on shares of First Watch Restaurant Group in a report on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $22.27.

Read Our Latest Analysis on First Watch Restaurant Group

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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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