First Watch Restaurant Group (NASDAQ:FWRG) Shares Acquired Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of First Watch Restaurant Group, Inc. (NASDAQ:FWRG). In a filing disclosed on June 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in First Watch Restaurant Group stock on May 15th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of SpringWorks Therapeutics NASDAQ: SWTX on 7/1/2025.
• Purchased $1,001 - $15,000 in shares of AppLovin NASDAQ: APP on 7/1/2025.
• Sold $1,001 - $15,000 in shares of Amdocs NASDAQ: DOX on 6/30/2025.
• Purchased $1,001 - $15,000 in shares of CoStar Group NASDAQ: CSGP on 6/30/2025.
• Purchased $15,001 - $50,000 in shares of CoStar Group NASDAQ: CSGP on 6/27/2025.
• Purchased $1,001 - $15,000 in shares of Xiaomi OTCMKTS: XIACF on 6/27/2025.
• Sold $1,001 - $15,000 in shares of ASML NASDAQ: ASML on 6/27/2025.
• Sold $1,001 - $15,000 in shares of Willis Towers Watson Public NASDAQ: WTW on 6/26/2025.
• Sold $1,001 - $15,000 in shares of Boston Scientific NYSE: BSX on 6/26/2025.
• Sold $1,001 - $15,000 in shares of Liberty Media Corporation - Liberty Formula One Series C NASDAQ: FWONK on 6/26/2025.

First Watch Restaurant Group Stock Performance

Shares of NASDAQ:FWRG traded up $0.26 during trading on Friday, reaching $17.28. 470,972 shares of the company's stock traded hands, compared to its average volume of 790,611. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.31 and a quick ratio of 0.27. First Watch Restaurant Group, Inc. has a 12 month low of $12.90 and a 12 month high of $22.71. The company has a 50 day moving average of $16.31 and a 200-day moving average of $17.87. The stock has a market capitalization of $1.05 billion, a P/E ratio of 101.65, a price-to-earnings-growth ratio of 5.17 and a beta of 0.90.

First Watch Restaurant Group (NASDAQ:FWRG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.05). First Watch Restaurant Group had a net margin of 1.03% and a return on equity of 1.84%. The business had revenue of $282.24 million for the quarter, compared to the consensus estimate of $282.98 million. During the same period in the prior year, the company earned $0.12 EPS. First Watch Restaurant Group's quarterly revenue was up 16.4% on a year-over-year basis. On average, equities analysts expect that First Watch Restaurant Group, Inc. will post 0.32 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder International L.P. Advent sold 4,500,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $14.70, for a total transaction of $66,150,000.00. Following the completion of the sale, the insider directly owned 14,689,784 shares of the company's stock, valued at $215,939,824.80. This represents a 23.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on FWRG. Piper Sandler decreased their target price on shares of 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. Guggenheim decreased their target price on shares of 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. TD Cowen upgraded shares of 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. Raymond James Financial upped their target price on shares of First Watch Restaurant Group from $21.00 to $22.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 17th. Finally, TD Securities restated a "buy" rating and issued a $19.00 target price on shares of First Watch Restaurant Group in a research report on Wednesday, June 4th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, First Watch Restaurant Group currently has an average rating of "Buy" and a consensus target price of $20.91.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC lifted its stake in 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 purchasing an additional 144,014 shares during the last quarter. SG Americas Securities LLC lifted its stake in 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 purchasing an additional 7,547 shares during the last quarter. WCM Investment Management LLC lifted its stake in First Watch Restaurant Group by 44.2% during the fourth quarter. WCM Investment Management LLC now owns 947,240 shares of the company's stock valued at $17,552,000 after purchasing an additional 290,173 shares during the last quarter. Stephens Investment Management Group LLC lifted its stake in First Watch Restaurant Group by 37.7% during the fourth quarter. Stephens Investment Management Group LLC now owns 693,359 shares of the company's stock valued at $12,903,000 after purchasing an additional 189,681 shares during the last quarter. Finally, SRH Advisors LLC lifted its stake in First Watch Restaurant Group by 84.3% during the fourth quarter. SRH Advisors LLC now owns 12,185 shares of the company's stock valued at $227,000 after purchasing an additional 5,575 shares during the last quarter. 96.11% of the stock is currently owned by institutional investors.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.