43,289 Shares in First Watch Restaurant Group, Inc. $FWRG Purchased by Ieq Capital LLC

Posted by Francis Steltz on Aug 29th, 2026

Ieq Capital LLC bought a new position in First Watch Restaurant Group, Inc. (NASDAQ:FWRG – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 43,289 shares of the company’s stock, valued at approximately $558,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Allworth Financial LP purchased a new stake in shares of First Watch Restaurant Group in the second quarter worth about $29,000. Rockefeller Capital Management L.P. purchased a new position in First Watch Restaurant Group during the fourth quarter valued at approximately $63,000. State of Wyoming bought a new stake in First Watch Restaurant Group during the 4th quarter worth approximately $64,000. Kemnay Advisory Services Inc. bought a new stake in First Watch Restaurant Group during the 4th quarter worth approximately $66,000. Finally, BNP Paribas Financial Markets increased its holdings in First Watch Restaurant Group by 61.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 4,375 shares of the company’s stock worth $70,000 after acquiring an additional 1,673 shares during the period. Hedge funds and other institutional investors own 96.11% of the company’s stock.

First Watch Restaurant Group Trading Up 1.1%

Shares of First Watch Restaurant Group stock opened at $12.51 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.27 and a quick ratio of 0.22. First Watch Restaurant Group, Inc. has a 1 year low of $9.97 and a 1 year high of $19.15. The firm has a market cap of $771.99 million, a PE ratio of 43.14, a PEG ratio of 20.63 and a beta of 1.03. The company has a 50 day simple moving average of $12.54 and a two-hundred day simple moving average of $12.35.

First Watch Restaurant Group (NASDAQ:FWRG – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). First Watch Restaurant Group had a return on equity of 2.85% and a net margin of 1.35%.The company had revenue of $354.67 million during the quarter, compared to the consensus estimate of $351.57 million. During the same period in the previous year, the company earned $0.03 EPS. First Watch Restaurant Group’s quarterly revenue was up 15.2% on a year-over-year basis. Analysts expect that First Watch Restaurant Group, Inc. will post 0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on FWRG shares. Citigroup cut their price target on shares of First Watch Restaurant Group from $21.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Weiss Ratings raised shares of First Watch Restaurant Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Freedom Capital upgraded First Watch Restaurant Group to a “strong-buy” rating in a research report on Wednesday, July 1st. Stifel Nicolaus set a $14.00 price objective on First Watch Restaurant Group in a research note on Tuesday, May 5th. Finally, Guggenheim dropped their price objective on First Watch Restaurant Group from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, First Watch Restaurant Group has a consensus rating of “Moderate Buy” and an average target price of $18.56.

View Our Latest Stock Analysis on First Watch Restaurant Group

First Watch Restaurant Group Profile

(Free Report)

First Watch Restaurant Group, Inc (NASDAQ: FWRG) operates a specialty daytime dining concept focused on breakfast, brunch and lunch. The company’s casual, full-service cafés emphasize fresh ingredients, made-to-order entrées and a seasonally driven menu that ranges from omelets and Benedicts to salads, skillets and afternoon sandwiches. First Watch positions itself as a daytime-only destination, with most locations opening early morning and closing by mid-afternoon.

Founded in 1983 by Ken Pendery and John Sullivan in Pacific Grove, California, First Watch began as a single café and gradually expanded through company-owned and select franchised locations.