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

Representative Josh Gottheimer (Democratic-New Jersey) recently bought shares of First Watch Restaurant Group, Inc. (NASDAQ:FWRG). In a filing disclosed on May 19th, the Representative disclosed that they had bought between $1,001 and $15,000 in First Watch Restaurant Group stock on April 6th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

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

• Sold $1,001 – $15,000 in shares of 3M (NYSE:MMM) on 4/28/2026.
• Purchased $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 4/27/2026.
• Sold $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 4/24/2026.
• Sold $1,001 – $15,000 in shares of International Business Machines (NYSE:IBM) on 4/24/2026.
• Purchased $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 4/23/2026.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 4/16/2026.
• Purchased $1,001 – $15,000 in shares of Freeport-McMoRan (NYSE:FCX) on 4/15/2026.
• Sold $1,001 – $15,000 in shares of HDFC Bank (NYSE:HDB) on 4/13/2026.
• Purchased $1,001 – $15,000 in shares of Intapp (NASDAQ:INTA) on 4/13/2026.
• Sold $15,001 – $50,000 in shares of Tractor Supply (NASDAQ:TSCO) on 4/9/2026.

First Watch Restaurant Group Stock Up 0.7%

Shares of NASDAQ FWRG opened at $10.97 on Thursday. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 0.43. First Watch Restaurant Group, Inc. has a 12 month low of $10.09 and a 12 month high of $19.53. The firm has a market capitalization of $676.30 million, a PE ratio of 39.18, a price-to-earnings-growth ratio of 5.68 and a beta of 1.11. The firm has a fifty day simple moving average of $11.79 and a two-hundred day simple moving average of $14.58.

First Watch Restaurant Group (NASDAQ:FWRG) last announced its earnings results on Tuesday, May 5th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). First Watch Restaurant Group had a net margin of 1.38% and a return on equity of 2.85%. The company had revenue of $330.96 million for the quarter, compared to the consensus estimate of $329.35 million. During the same period in the previous year, the firm posted ($0.01) EPS. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. Equities analysts expect that First Watch Restaurant Group, Inc. will post 0.2 earnings per share for the current year.

Insider Transactions at First Watch Restaurant Group

In related news, CEO Christopher Anthony Tomasso sold 25,062 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $12.52, for a total transaction of $313,776.24. Following the sale, the chief executive officer directly owned 957,315 shares of the company’s stock, valued at $11,985,583.80. This trade represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Matthew Eisenacher sold 6,070 shares of First Watch Restaurant Group stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $12.59, for a total value of $76,421.30. Following the completion of the sale, the insider owned 69,983 shares of the company’s stock, valued at $881,085.97. The trade was a 7.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 68,013 shares of company stock valued at $853,606. Insiders own 6.10% of the company’s stock.

Institutional Investors Weigh In On First Watch Restaurant Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Deepwater Asset Management LLC increased its position in shares of First Watch Restaurant Group by 14.8% during the third quarter. Deepwater Asset Management LLC now owns 724,714 shares of the company’s stock valued at $11,335,000 after acquiring an additional 93,662 shares in the last quarter. Ghisallo Capital Management LLC bought a new position in First Watch Restaurant Group in the 3rd quarter valued at approximately $2,516,000. Penn Capital Management Company LLC boosted its stake in First Watch Restaurant Group by 11.9% during the 3rd quarter. Penn Capital Management Company LLC now owns 1,125,353 shares of the company’s stock valued at $17,642,000 after purchasing an additional 119,462 shares during the last quarter. Hodges Capital Management Inc. purchased a new stake in First Watch Restaurant Group during the 3rd quarter valued at $2,235,000. Finally, New York State Common Retirement Fund increased its holdings in shares of First Watch Restaurant Group by 8.3% in the 3rd quarter. New York State Common Retirement Fund now owns 663,160 shares of the company’s stock worth $10,372,000 after purchasing an additional 50,873 shares in the last quarter. Hedge funds and other institutional investors own 96.11% of the company’s stock.

Analyst Upgrades and Downgrades

FWRG has been the subject of several research analyst reports. TD Cowen lowered their price objective on shares of First Watch Restaurant Group from $18.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Stifel Nicolaus set a $14.00 target price on First Watch Restaurant Group in a research report on Tuesday, May 5th. DA Davidson restated a “buy” rating and issued a $17.00 target price on shares of First Watch Restaurant Group in a research note on Tuesday, April 28th. Barclays dropped their price target on First Watch Restaurant Group from $19.00 to $17.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $19.00 price objective on shares of First Watch Restaurant Group in a report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $19.25.

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.