Universal Beteiligungs und Servicegesellschaft mbH Takes $377,000 Position in First Watch Restaurant Group, Inc. (NASDAQ:FWRG)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in First Watch Restaurant Group, Inc. (NASDAQ:FWRG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 20,273 shares of the company's stock, valued at approximately $377,000.

A number of other institutional investors have also recently bought and sold shares of FWRG. Barclays PLC boosted its holdings in First Watch Restaurant Group by 505.3% in the 3rd quarter. Barclays PLC now owns 172,515 shares of the company's stock valued at $2,690,000 after purchasing an additional 144,014 shares during the period. SG Americas Securities LLC lifted its holdings in shares of First Watch Restaurant Group by 98.9% during the 4th quarter. SG Americas Securities LLC now owns 15,177 shares of the company's stock worth $282,000 after acquiring an additional 7,547 shares during the period. WCM Investment Management LLC lifted its holdings in shares of First Watch Restaurant Group by 44.2% during the 4th quarter. WCM Investment Management LLC now owns 947,240 shares of the company's stock worth $17,552,000 after acquiring an additional 290,173 shares during the period. Stephens Investment Management Group LLC lifted its holdings in shares of First Watch Restaurant Group by 37.7% during the 4th quarter. Stephens Investment Management Group LLC now owns 693,359 shares of the company's stock worth $12,903,000 after acquiring an additional 189,681 shares during the period. Finally, SRH Advisors LLC lifted its holdings in shares of First Watch Restaurant Group by 84.3% during the 4th quarter. SRH Advisors LLC now owns 12,185 shares of the company's stock worth $227,000 after acquiring an additional 5,575 shares during the period. Institutional investors own 96.11% of the company's stock.

Insider Activity at First Watch Restaurant Group

In other news, major shareholder International L.P. Advent sold 4,500,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $14.70, for a total value of $66,150,000.00. Following the completion of the sale, the insider now owns 14,689,784 shares of the company's stock, valued at approximately $215,939,824.80. This represents a 23.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher Anthony Tomasso sold 42,039 shares of the company's 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 completion of the sale, the chief executive officer now directly owns 389,832 shares of the company's stock, valued at $6,553,075.92. This trade represents a 9.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,547,782 shares of company stock valued at $66,953,215. Corporate insiders own 6.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on FWRG. TD Securities reiterated a "buy" rating and set a $19.00 price objective on shares of First Watch Restaurant Group in a research report on Wednesday. Benchmark reduced their price objective on shares of First Watch Restaurant Group from $26.00 to $22.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Barclays cut their target price on shares of First Watch Restaurant Group from $24.00 to $20.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Sanford C. Bernstein set a $21.00 target price on shares of First Watch Restaurant Group in a research note on Tuesday, March 11th. Finally, Raymond James reaffirmed a "strong-buy" rating and issued a $21.00 price objective (down from $25.00) on shares of First Watch Restaurant Group in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $21.36.

First Watch Restaurant Group Stock Performance

NASDAQ FWRG traded up $0.01 during trading hours on Friday, reaching $14.93. 839,000 shares of the company were exchanged, compared to its average volume of 738,752. The stock has a market capitalization of $910.63 million, a P/E ratio of 45.24, a P/E/G ratio of 3.38 and a beta of 0.90. 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 business's 50 day simple moving average is $17.12 and its 200-day simple moving average is $18.43. First Watch Restaurant Group, Inc. has a 1 year low of $12.90 and a 1 year 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 (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.05). The business had revenue of $282.24 million during the quarter, compared to the consensus estimate of $282.98 million. First Watch Restaurant Group had a net margin of 2.09% and a return on equity of 3.61%. The business's revenue for the quarter was up 16.4% on a year-over-year basis. During the same period last year, the firm earned $0.12 EPS. On average, equities research analysts expect that First Watch Restaurant Group, Inc. will post 0.32 earnings per share for the current year.

First Watch Restaurant Group Profile

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.