Have Insiders Sold First Watch Restaurant Group Shares Recently?

We wouldn't blame First Watch Restaurant Group, Inc. (NASDAQ:FWRG) shareholders if they were a little worried about the fact that Christopher Tomasso, the CEO, President & Director recently netted about US$707k selling shares at an average price of US$16.81. That's a big disposal, and it decreased their holding size by 14%, which is notable but not too bad.

See our latest analysis for First Watch Restaurant Group

First Watch Restaurant Group Insider Transactions Over The Last Year

Notably, that recent sale by Christopher Tomasso is the biggest insider sale of First Watch Restaurant Group shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$16.66. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

First Watch Restaurant Group insiders didn't buy any shares over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

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Does First Watch Restaurant Group Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that First Watch Restaurant Group insiders own 1.3% of the company, worth about US$13m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About First Watch Restaurant Group Insiders?

Insiders sold First Watch Restaurant Group shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we found 2 warning signs for First Watch Restaurant Group that deserve your attention before buying any shares.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.