First Watch Restaurant (FWRG)

AI Fresh Parent, Inc. • E&I Holdings, Inc. • First Watch E&I Restaurant Group, LLC • First Watch Franchise Development Co. • First Watch Restaurants Texas, Inc. • First Watch Restaurants, Inc. • First Watch Texas Holding, Inc. • FWR Holding Corporation • Good Egg Restaurants, LLC • TFW-NC, LLC ...

IRS number

824271369

FWRG stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$23.60

Low target

$21.00

High target

$25.00

Latest filings (excl ownership)

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8-K

First Watch Restaurant Group, Inc. Reports Preliminary Operational Metrics for the Fourth Quarter and Fiscal Year 2024

Prospectus supplement

12 Nov 24

FWP

Free writing prospectus

12 Nov 24

8-K

First Watch to Acquire 16 Franchise Restaurants In North and South Carolina

7 Nov 24

First Watch Restaurant Group, Inc. Reports Q3 2024 Financial Results

First Watch Restaurant Group, Inc. Announces Appointment of Charles Jemley and Michael Fleisher to Board of Directors

6 Aug 24

Transcripts

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FWRG

Earnings call transcript

2024 Q3

7 Nov 24

FWRG

Earnings call transcript

2024 Q2

6 Aug 24

FWRG

Earnings call transcript

2024 Q1

7 May 24

FWRG

Earnings call transcript

2023 Q4

5 Mar 24

FWRG

Earnings call transcript

2023 Q3

1 Nov 23

FWRG

Earnings call transcript

2023 Q2

1 Aug 23

FWRG

Earnings call transcript

2023 Q2

1 Aug 23

FWRG

Earnings call transcript

2023 Q1

2 May 23

FWRG

Earnings call transcript

2023 Q1

2 May 23

FWRG

Earnings call transcript

2022 Q4

7 Mar 23

Latest ownership filings

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Change in insider ownership

15 Nov 24

Change in insider ownership

15 Nov 24

Change in insider ownership

Notice of proposed sale of securities

19 Sep 24

144

Notice of proposed sale of securities

27 Aug 24

144

Notice of proposed sale of securities

Financial summary

Financial statements Chart FWRG financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Institutional ownership, Q3 2024

FWRG institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	132	137	-3.6%
Opened positions	30	26	+15.4%
Closed positions	35	32	+9.4%
Increased positions	61	53	+15.1%
Reduced positions	28	40	-30.0%

13F shares	Current	Prev Q	Change
Total value	991.40 bn	1.11 tn	-10.5%
Total shares	65.46 mm	65.21 mm	+0.4%
Total puts	35.00 k	47.40 k	-26.2%
Total calls	27.70 k	0.00	NEW
Total put/call ratio	1.3	Infinity	NaN%

Largest owners	Shares	Value	Change
Advent International	27.19 mm	$424.16 bn	0.0%
Gilder Gagnon Howe & Co	2.43 mm	$37.90 bn	-20.8%
BlackRock	2.32 mm	$36.21 bn	NEW
JPM JPMorgan Chase & Co.	1.99 mm	$30.99 bn	+22.6%
Foxhaven Asset Management	1.92 mm	$29.93 bn	-5.0%
Vanguard	1.87 mm	$29.20 bn	+8.5%
12 West Capital Management	1.68 mm	$26.14 bn	+161.6%
Dimensional Fund Advisors	1.66 mm	$25.96 bn	+20.1%
Champlain Investment Partners	1.62 mm	$25.33 bn	-0.3%
Manufacturers Life Insurance Company, The	1.53 mm	$23.92 bn	+14.4%

Largest transactions	Shares	Bought/sold	Change
BlackRock	2.32 mm	+2.32 mm	NEW
BLK BlackRock	0.00	-2.13 mm	EXIT
Loomis Sayles & Co L P	0.00	-1.05 mm	EXIT
12 West Capital Management	1.68 mm	+1.03 mm	+161.6%
MQBKY Macquarie Group Limited	0.00	-901.14 k	EXIT
Capital Research Global Investors	0.00	-776.55 k	EXIT
GW&K Investment Management	1.20 mm	+660.19 k	+123.3%
Gilder Gagnon Howe & Co	2.43 mm	-638.32 k	-20.8%
Osterweis Capital Management	0.00	-485.57 k	EXIT
RK Capital Management	0.00	-386.10 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

FWRG insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
13 Nov 24	Advent Partners GPE VIII Limited Partnership	Common Stock	Sell	Dispose S	Yes	No	19.76	8,000,000	158.08 mm	19,189,784
13 Nov 24	Advent International GPE VIII-I Limited Partnership	Common Stock	Sell	Dispose S	Yes	No	19.76	8,000,000	158.08 mm	19,189,784
13 Nov 24	Advent International	Common Stock	Sell	Dispose S	Yes	No	19.76	8,000,000	158.08 mm	19,189,784
2 Nov 24	Fleisher Michael D	RSU	Grant	Acquire A	No	No	0	8,153	0.00	8,153