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%

First Watch Restaurant Group stock opened at $10.97 on Thursday. First Watch Restaurant Group, Inc. has a 1-year low of $10.09 and a 1-year high of $19.53. The business has a fifty day moving average price of $11.79 and a 200-day moving average price of $14.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.29 and a quick ratio of 0.25. The stock has a market capitalization of $676.30 million, a price-to-earnings ratio of 39.18, a PEG ratio of 5.68 and a beta of 1.11.

First Watch Restaurant Group (NASDAQ:FWRG) last announced its earnings results on Tuesday, May 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $330.96 million for the quarter, compared to analyst estimates of $329.35 million. During the same period in the prior year, the company earned ($0.01) earnings per share. The company’s quarterly revenue was up 17.3% on a year-over-year basis. Equities research analysts forecast that First Watch Restaurant Group, Inc. will post 0.2 EPS for the current fiscal year.

Insider Buying and Selling at First Watch Restaurant Group

In other news, insider Jay Anthony Wolszczak sold 6,998 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $12.59, for a total value of $88,104.82. Following the completion of the transaction, the insider owned 232,091 shares of the company’s stock, valued at $2,922,025.69. The trade was a 2.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Christopher Anthony Tomasso sold 25,062 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $12.52, for a total value of $313,776.24. Following the sale, the chief executive officer directly owned 957,315 shares in the company, valued at approximately $11,985,583.80. This trade represents a 2.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 68,013 shares of company stock worth $853,606. Insiders own 6.10% of the company’s stock.

Wall Street Analysts Forecast Growth

FWRG has been the subject of several research analyst reports. Barclays decreased their price objective 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. DA Davidson restated a “buy” rating and set a $17.00 price target on shares of First Watch Restaurant Group in a research note on Tuesday, April 28th. Benchmark decreased their price target on shares of First Watch Restaurant Group from $24.00 to $22.00 and set a “buy” rating for the company in a report on Monday, April 20th. Weiss Ratings downgraded shares of First Watch Restaurant Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Finally, Piper Sandler reissued an “overweight” rating and issued a $19.00 target price on shares of First Watch Restaurant Group in a research report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $19.25.

Institutional Trading of First Watch Restaurant Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp acquired a new stake in shares of First Watch Restaurant Group in the third quarter worth $30,000. Rockefeller Capital Management L.P. acquired a new position in First Watch Restaurant Group during the fourth quarter valued at $63,000. State of Wyoming purchased a new stake in First Watch Restaurant Group in the fourth quarter valued at $64,000. Kemnay Advisory Services Inc. purchased a new stake in First Watch Restaurant Group in the fourth quarter valued at $66,000. Finally, BNP Paribas Financial Markets grew its position in 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 worth $70,000 after purchasing an additional 1,673 shares during the period. 96.11% of the stock is currently owned by institutional investors and hedge funds.

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.