285,062 Shares in First Watch Restaurant Group, Inc. $FWRG Acquired by Corient Private Wealth LP

Posted by on Sep 2nd, 2026

Corient Private Wealth LP bought a new position in shares of First Watch Restaurant Group, Inc. (NASDAQ:FWRG – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 285,062 shares of the company’s stock, valued at approximately $3,674,000.

Other hedge funds have also bought and sold shares of the company. Allworth Financial LP acquired a new stake in shares of First Watch Restaurant Group during the second quarter worth $29,000. Freestone Grove Partners LP acquired a new position in shares of First Watch Restaurant Group in the 2nd quarter valued at $38,000. Rockefeller Capital Management L.P. acquired a new position in shares of First Watch Restaurant Group in the 4th quarter valued at $63,000. State of Wyoming purchased a new position in First Watch Restaurant Group in the 4th quarter worth $64,000. Finally, Kemnay Advisory Services Inc. purchased a new position in First Watch Restaurant Group in the 4th quarter worth $66,000. Institutional investors and hedge funds own 96.11% of the company’s stock.

First Watch Restaurant Group Price Performance

Shares of FWRG opened at $12.07 on Wednesday. The business’s 50-day moving average is $12.58 and its two-hundred day moving average is $12.25. The company has a market capitalization of $744.84 million, a P/E ratio of 41.62, a P/E/G ratio of 21.13 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.22 and a current ratio of 0.27. First Watch Restaurant Group, Inc. has a fifty-two week low of $9.97 and a fifty-two week high of $19.08.

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

Analysts Set New Price Targets

FWRG has been the topic of several research analyst reports. Citigroup dropped their price target on First Watch Restaurant Group from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, August 5th. Wall Street Zen raised First Watch Restaurant Group from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Stifel Nicolaus set a $14.00 target price on First Watch Restaurant Group in a research report on Tuesday, May 5th. Guggenheim dropped their target price on First Watch Restaurant Group from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded shares of First Watch Restaurant Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $18.56.

View Our Latest Research Report on First Watch Restaurant Group

About First Watch Restaurant Group

(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.

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Institutional Ownership by Quarter for First Watch Restaurant Group (NASDAQ:FWRG)

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