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

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 Trading Up 1.5%

Shares of NASDAQ:FWRG traded up $0.26 during midday trading on Friday, reaching $17.28. 470,972 shares of the company's stock were exchanged, compared to its average volume of 720,285. The firm's 50 day simple moving average is $16.31 and its two-hundred day simple moving average is $17.86. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.31 and a quick ratio of 0.27. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 101.65, a P/E/G ratio of 4.80 and a beta of 0.90. First Watch Restaurant Group, Inc. has a fifty-two week low of $12.90 and a fifty-two week high of $22.71.

First Watch Restaurant Group (NASDAQ:FWRG - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported ($0.01) EPS 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 firm had revenue of $282.24 million for the quarter, compared to analysts' expectations of $282.98 million. During the same quarter last year, the business earned $0.12 earnings per share. The business's revenue was up 16.4% compared to the same quarter last year. As a group, sell-side analysts forecast that First Watch Restaurant Group, Inc. will post 0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on FWRG. Stifel Nicolaus set a $17.00 target price on First Watch Restaurant Group in a report on Wednesday, May 7th. TD Securities restated a "buy" rating and set a $19.00 target price on shares of First Watch Restaurant Group in a report on Wednesday, June 4th. Guggenheim decreased their price objective on First Watch Restaurant Group from $23.00 to $22.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. TD Cowen upgraded First Watch Restaurant Group from a "hold" rating to a "buy" rating and set a $22.00 price objective for the company in a research note on Tuesday, April 1st. Finally, Benchmark decreased their price objective on First Watch Restaurant Group from $26.00 to $22.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, First Watch Restaurant Group currently has a consensus rating of "Buy" and an average target price of $20.91.

Insider Activity

In other news, major shareholder International L.P. Advent sold 4,500,000 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $14.70, for a total value of $66,150,000.00. Following the transaction, the insider owned 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.00% of the company's stock.

Institutional Investors Weigh In On First Watch Restaurant Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Champlain Investment Partners LLC lifted its stake in First Watch Restaurant Group by 59.0% in the fourth quarter. Champlain Investment Partners LLC now owns 2,582,303 shares of the company's stock valued at $48,057,000 after buying an additional 958,417 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of First Watch Restaurant Group by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,398,180 shares of the company's stock valued at $39,930,000 after purchasing an additional 46,566 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of First Watch Restaurant Group by 7.8% in the fourth quarter. JPMorgan Chase & Co. now owns 2,141,209 shares of the company's stock valued at $39,848,000 after purchasing an additional 154,784 shares during the period. Lazard Asset Management LLC acquired a new position in shares of First Watch Restaurant Group in the fourth quarter valued at approximately $39,095,000. Finally, 12 West Capital Management LP increased its holdings in shares of First Watch Restaurant Group by 20.2% in the fourth quarter. 12 West Capital Management LP now owns 2,013,406 shares of the company's stock valued at $37,469,000 after purchasing an additional 337,920 shares during the period. Hedge funds and other institutional investors own 96.11% of the company's stock.

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.

About First Watch Restaurant Group

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.