First Watch Restaurant Group, Inc. $FWRG Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lowered its position in shares of First Watch Restaurant Group, Inc. (NASDAQ:FWRG) by 25.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,624 shares of the company’s stock after selling 34,106 shares during the quarter. GSA Capital Partners LLP owned 0.16% of First Watch Restaurant Group worth $1,558,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FWRG. Legal & General Group Plc lifted its holdings in First Watch Restaurant Group by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 45,531 shares of the company’s stock valued at $730,000 after acquiring an additional 724 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in First Watch Restaurant Group by 4.2% during the third quarter. PNC Financial Services Group Inc. now owns 23,016 shares of the company’s stock worth $360,000 after buying an additional 934 shares in the last quarter. First Horizon Advisors Inc. grew its position in First Watch Restaurant Group by 207.6% in the second quarter. First Horizon Advisors Inc. now owns 1,950 shares of the company’s stock worth $31,000 after buying an additional 1,316 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of First Watch Restaurant Group by 17.3% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 9,108 shares of the company’s stock valued at $146,000 after buying an additional 1,341 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of 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 valued at $70,000 after acquiring an additional 1,673 shares during the last quarter. 96.11% of the stock is currently owned by institutional investors.

First Watch Restaurant Group Stock Up 2.4%

Shares of First Watch Restaurant Group stock opened at $15.74 on Wednesday. First Watch Restaurant Group, Inc. has a 1 year low of $12.90 and a 1 year high of $22.71. The company has a market cap of $960.61 million, a P/E ratio of 196.77, a P/E/G ratio of 2.80 and a beta of 0.88. The company has a current ratio of 0.25, a quick ratio of 0.21 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average price of $16.20 and a 200 day moving average price of $16.91.

Insider Activity at First Watch Restaurant Group

In other First Watch Restaurant Group news, Director William A. Kussell sold 6,165 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $17.00, for a total value of $104,805.00. Following the transaction, the director owned 26,402 shares in the company, valued at approximately $448,834. This represents a 18.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 6.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a “hold (c-)” rating on shares of First Watch Restaurant Group in a report on Monday, December 29th. Barclays dropped their price target on First Watch Restaurant Group from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 7th. Wall Street Zen raised shares of First Watch Restaurant Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Zacks Research upgraded shares of First Watch Restaurant Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.91.

First Watch Restaurant Group Company Profile

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.