Rep. Josh Gottheimer Sells Off Shares of First Watch Restaurant Group, Inc. (NASDAQ:FWRG)

Representative Josh Gottheimer (Democratic-New Jersey) recently sold shares of First Watch Restaurant Group, Inc. (NASDAQ:FWRG). In a filing disclosed on April 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in First Watch Restaurant Group stock on March 5th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Fabrinet (NYSE:FN) on 3/24/2026.
• Sold $1,001 – $15,000 in shares of Crown Castle (NYSE:CCI) on 3/24/2026.
• Sold $1,001 – $15,000 in shares of ENN Energy (OTCMKTS:XNGSY) on 3/24/2026.
• Sold $1,001 – $15,000 in shares of Infineon Technologies (OTCMKTS:IFNNY) on 3/12/2026.
• Sold $1,001 – $15,000 in shares of HDFC Bank (NYSE:HDB) on 3/12/2026.
• Sold $1,001 – $15,000 in shares of La-Z-Boy (NYSE:LZB) on 3/12/2026.
• Sold $1,001 – $15,000 in shares of Alcon (NYSE:ALC) on 3/12/2026.
• Sold $1,001 – $15,000 in shares of Intapp (NASDAQ:INTA) on 3/12/2026.
• Purchased $1,001 – $15,000 in shares of SEA (NYSE:SE) on 3/10/2026.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 3/6/2026.

First Watch Restaurant Group Stock Performance

Shares of First Watch Restaurant Group stock traded down $0.23 during trading on Monday, hitting $11.25. 72,076 shares of the stock were exchanged, compared to its average volume of 1,736,833. The stock’s fifty day moving average is $13.25 and its 200 day moving average is $15.45. The stock has a market cap of $693.28 million, a PE ratio of 36.25, a P/E/G ratio of 2.31 and a beta of 0.98. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.25 and a current ratio of 0.29. First Watch Restaurant Group, Inc. has a 12 month low of $10.09 and a 12 month high of $20.55.

First Watch Restaurant Group (NASDAQ:FWRG) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.08 by $0.16. The business had revenue of $316.35 million during the quarter, compared to analyst estimates of $317.49 million. First Watch Restaurant Group had a net margin of 1.59% and a return on equity of 3.20%. The company’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 earnings per share. As a group, sell-side analysts anticipate that First Watch Restaurant Group, Inc. will post 0.32 EPS for the current year.

Insider Activity at First Watch Restaurant Group

In other news, Director William A. Kussell sold 6,165 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $17.00, for a total transaction of $104,805.00. Following the completion of the transaction, the director owned 26,402 shares in the company, valued at approximately $448,834. This trade represents a 18.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Christopher Anthony Tomasso sold 25,062 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $12.52, for a total transaction of $313,776.24. Following the transaction, the chief executive officer owned 957,315 shares of the company’s stock, valued at approximately $11,985,583.80. This trade represents a 2.55% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 74,178 shares of company stock worth $958,411. Company insiders own 6.00% of the company’s stock.

Hedge Funds Weigh In On First Watch Restaurant Group

Large investors have recently made changes to their positions in the business. Jones Financial Companies Lllp bought a new position in shares of First Watch Restaurant Group during the 3rd quarter valued at about $30,000. Rockefeller Capital Management L.P. bought a new position in shares of First Watch Restaurant Group during the 4th quarter valued at about $63,000. State of Wyoming bought a new position in shares of First Watch Restaurant Group during the 4th quarter valued at about $64,000. Kemnay Advisory Services Inc. bought a new position in shares of First Watch Restaurant Group during the 4th quarter valued at about $66,000. Finally, BNP Paribas Financial Markets boosted 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 purchasing an additional 1,673 shares in the last quarter. Institutional investors own 96.11% of the company’s stock.

Wall Street Analyst Weigh In

FWRG has been the subject of several recent research reports. Citigroup lowered their price target on shares of First Watch Restaurant Group from $26.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Zacks Research upgraded shares of First Watch Restaurant Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. TD Cowen decreased their target price on shares of First Watch Restaurant Group from $21.00 to $18.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Barclays decreased their target price on shares of First Watch Restaurant Group from $19.00 to $17.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. Finally, Guggenheim decreased their target price on shares of First Watch Restaurant Group from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.75.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About First Watch Restaurant Group

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.