LVW Advisors LLC Makes New $173,000 Investment in First Watch Restaurant Group, Inc. $FWRG

LVW Advisors LLC bought a new position in shares of First Watch Restaurant Group, Inc. (NASDAQ:FWRG) during the second quarter, Holdings Channel.com reports. The fund bought 10,813 shares of the company’s stock, valued at approximately $173,000.

A number of other large investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new position in First Watch Restaurant Group during the 4th quarter worth approximately $86,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of First Watch Restaurant Group by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,269 shares of the company’s stock valued at $321,000 after acquiring an additional 613 shares during the period. Two Sigma Advisers LP acquired a new stake in shares of First Watch Restaurant Group in the fourth quarter valued at approximately $947,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of First Watch Restaurant Group during the fourth quarter worth approximately $377,000. Finally, California State Teachers Retirement System increased its holdings in shares of First Watch Restaurant Group by 23.9% in the 4th quarter. California State Teachers Retirement System now owns 38,653 shares of the company’s stock valued at $719,000 after acquiring an additional 7,467 shares during the period. 96.11% of the stock is owned by institutional investors and hedge funds.

First Watch Restaurant Group Price Performance

Shares of NASDAQ:FWRG opened at $16.00 on Monday. First Watch Restaurant Group, Inc. has a 52 week low of $12.90 and a 52 week high of $22.71. The company has a 50-day moving average price of $17.55 and a 200 day moving average price of $17.11. The company has a market cap of $976.32 million, a P/E ratio of 266.71, a PEG ratio of 5.69 and a beta of 0.92. The company has a quick ratio of 0.23, a current ratio of 0.27 and a debt-to-equity ratio of 0.42.

First Watch Restaurant Group (NASDAQ:FWRG) last issued its earnings results on Tuesday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The business had revenue of $307.89 million for the quarter, compared to analysts’ expectations of $304.94 million. First Watch Restaurant Group had a return on equity of 0.69% and a net margin of 0.37%.The business’s quarterly revenue was up 19.1% on a year-over-year basis. During the same period last year, the company posted $0.14 earnings per share. First Watch Restaurant Group has set its FY 2025 guidance at EPS. Research analysts predict that First Watch Restaurant Group, Inc. will post 0.32 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on FWRG shares. Stephens increased their price target on shares of First Watch Restaurant Group from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Benchmark increased their target price on shares of First Watch Restaurant Group from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Zacks Research upgraded First Watch Restaurant Group to a “hold” rating in a research report on Friday, August 8th. Barclays upped their price objective on First Watch Restaurant Group from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Finally, Wall Street Zen upgraded First Watch Restaurant Group from a “sell” rating to a “hold” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $21.09.

Insider Buying and Selling

In other First Watch Restaurant Group news, major shareholder International L.P. Advent sold 4,400,000 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $17.67, for a total value of $77,748,000.00. Following the completion of the sale, the insider owned 5,289,784 shares of the company’s stock, valued at approximately $93,470,483.28. This trade represents a 45.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.00% of the company’s stock.

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.