Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in First Watch Restaurant Group, Inc. (NASDAQ:FWRG)

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

A number of other institutional investors and hedge funds have also recently modified their holdings of FWRG. Barclays PLC grew its stake in shares of First Watch Restaurant Group by 505.3% during the third quarter. Barclays PLC now owns 172,515 shares of the company's stock valued at $2,690,000 after buying an additional 144,014 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of First Watch Restaurant Group by 98.9% during the fourth quarter. SG Americas Securities LLC now owns 15,177 shares of the company's stock valued at $282,000 after buying an additional 7,547 shares during the last quarter. WCM Investment Management LLC grew its stake in shares of First Watch Restaurant Group by 44.2% in the fourth quarter. WCM Investment Management LLC now owns 947,240 shares of the company's stock worth $17,552,000 after purchasing an additional 290,173 shares during the last quarter. Stephens Investment Management Group LLC grew its stake in shares of First Watch Restaurant Group by 37.7% in the fourth quarter. Stephens Investment Management Group LLC now owns 693,359 shares of the company's stock worth $12,903,000 after purchasing an additional 189,681 shares during the last quarter. Finally, SRH Advisors LLC grew its stake in shares of First Watch Restaurant Group by 84.3% in the fourth quarter. SRH Advisors LLC now owns 12,185 shares of the company's stock worth $227,000 after purchasing an additional 5,575 shares during the last quarter. 96.11% of the stock is owned by institutional investors.

First Watch Restaurant Group Stock Up 0.1%

FWRG traded up $0.01 on Friday, hitting $14.93. The company had a trading volume of 839,000 shares, compared to its average volume of 740,042. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.54 and a quick ratio of 0.51. First Watch Restaurant Group, Inc. has a 52-week low of $12.90 and a 52-week high of $22.71. The stock has a fifty day simple moving average of $17.12 and a 200-day simple moving average of $18.43. The firm 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.

First Watch Restaurant Group (NASDAQ:FWRG - Get Free Report) last released its 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). First Watch Restaurant Group had a net margin of 2.09% and a return on equity of 3.61%. The business had revenue of $282.24 million for the quarter, compared to analysts' expectations of $282.98 million. During the same quarter in the previous year, the business posted $0.12 earnings per share. First Watch Restaurant Group's revenue for the quarter was up 16.4% on a year-over-year basis. As a group, equities analysts expect that First Watch Restaurant Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Activity

In other First Watch Restaurant Group news, major shareholder International L.P. Advent sold 4,500,000 shares of First Watch Restaurant Group stock in a transaction that occurred 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. The trade was a 23.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Christopher Anthony Tomasso sold 42,039 shares of First Watch Restaurant Group stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 389,832 shares of the company's stock, valued at approximately $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 ninety days, insiders sold 4,547,782 shares of company stock worth $66,953,215. Insiders own 6.00% of the company's stock.

Analysts Set New Price Targets

FWRG has been the topic of several recent analyst reports. Stifel Nicolaus set a $17.00 target price on First Watch Restaurant Group in a research note on Wednesday, May 7th. Bank of America raised their target price on First Watch Restaurant Group from $27.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Stephens cut their target price on First Watch Restaurant Group from $24.00 to $23.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Guggenheim cut their target price on First Watch Restaurant Group from $23.00 to $22.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, TD Cowen raised First Watch Restaurant Group from a "hold" rating to a "buy" rating and set a $22.00 target price on the stock in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $21.36.

First Watch Restaurant Group Company 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.