First Watch Restaurant Group, Inc.

NasdaqGS:FWRG Stock Report

Market Cap: US$1.0b

First Watch Restaurant Group Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGS:FWRG Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
08 Sep 25SellUS$77,748,000Advent International, L.P.Company4,400,000US$17.67
13 Aug 25SellUS$1,800,000Christopher TomassoIndividual100,000US$18.00
08 Aug 25SellUS$88,500,000Advent International, L.P.Company5,000,000US$17.70
03 Jun 25SellUS$66,150,000Advent International, L.P.Company4,500,000US$14.70
14 May 25SellUS$1,422,764Christopher TomassoIndividual83,692US$17.00
12 May 25BuyUS$247,500Charles JemleyIndividual15,000US$16.50
12 Mar 25SellUS$71,560Matt EisenacherIndividual4,257US$16.81
12 Mar 25SellUS$61,777Laura SorensenIndividual3,675US$16.81
12 Mar 25SellUS$59,743John JonesIndividual3,554US$16.81
12 Mar 25SellUS$706,676Christopher TomassoIndividual42,039US$16.81
12 Mar 25SellUS$65,828Eric HartmanIndividual3,916US$16.81
12 Mar 25SellUS$96,540Jay WolszczakIndividual5,743US$16.81
12 Mar 25SellUS$134,699Henry HopeIndividual8,013US$16.81
13 Nov 24SellUS$158,080,000Advent International, L.P.Company8,000,000US$19.76

Insider Trading Volume

Insider Buying: FWRG insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of FWRG?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders728,3871.16%
VC/PE Firms5,289,7848.46%
Institutions56,509,11090.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 73.64% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
8.67%
Advent International, L.P.
5,289,784US$87.2m-64%1.42%
5.11%
BlackRock, Inc.
3,115,700US$51.4m7.65%no data
4.01%
The Vanguard Group, Inc.
2,444,465US$40.3m1.93%no data
3.89%
Dimensional Fund Advisors LP
2,373,365US$39.1m11.8%0.01%
3.83%
Manulife Asset Management
2,335,883US$38.5m51.7%0.03%
3.74%
Lazard Asset Management LLC
2,281,137US$37.6m13.4%0.03%
3.59%
Gilder Gagnon Howe & Co. LLC
2,190,092US$36.1m-1.71%0.36%
3.52%
JP Morgan Asset Management
2,148,044US$35.4m1.81%no data
3.52%
FMR LLC
2,145,361US$35.4m-5.59%no data
3.2%
Champlain Investment Partners, LLC
1,953,489US$32.2m-6.51%0.23%
2.99%
GW&K Investment Management, LLC
1,826,258US$30.1m11.8%0.25%
2.7%
Granahan Investment Management, LLC
1,647,128US$27.2m3.32%1.06%
2.63%
Neuberger Berman Investment Advisers LLC
1,606,829US$26.5m54%0.02%
2.44%
12 West Capital Management LP
1,490,701US$24.6m0%2.73%
2.16%
Emerald Advisers, LLC
1,319,316US$21.8m105%0.42%
1.97%
Marshall Wace LLP
1,203,109US$19.8m33.5%0.02%
1.95%
UBS Asset Management AG
1,191,560US$19.6m-10.3%no data
1.95%
Riverbridge Partners, LLC
1,188,534US$19.6m-7.11%0.33%
1.87%
Loomis Sayles & Company, L.P.
1,144,014US$18.9m0%0.02%
1.81%
Brown Advisory Incorporated
1,107,506US$18.3m-21.8%0.02%
1.68%
Geode Capital Management, LLC
1,022,752US$16.9m4.16%no data
1.67%
Wellington Management Group LLP
1,016,078US$16.8m22.3%no data
1.65%
Penn Capital Management Company, LLC
1,005,891US$16.6m-0.48%1.31%
1.57%
Federated Hermes, Inc.
957,000US$15.8m0%0.03%
1.53%
Stephens Investment Management Group, LLC
932,064US$15.4m21.2%0.2%

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/02 21:16
End of Day Share Price 2025/10/31 00:00
Earnings2025/06/29
Annual Earnings2024/12/29

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Watch Restaurant Group, Inc. is covered by 13 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jeffrey BernsteinBarclays
Jeffrey BernsteinBarclays
Todd BrooksBenchmark Company