Atria Wealth Solutions Inc. Buys 21,276 Shares of First Watch Restaurant Group, Inc. (NASDAQ:FWRG)

Atria Wealth Solutions Inc. lifted its stake in shares of First Watch Restaurant Group, Inc. (NASDAQ:FWRG) by 41.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,351 shares of the company’s stock after buying an additional 21,276 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in First Watch Restaurant Group were worth $1,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Venturi Wealth Management LLC purchased a new position in shares of First Watch Restaurant Group during the 4th quarter worth approximately $81,000. Rocky Mountain Advisers LLC boosted its position in shares of First Watch Restaurant Group by 180.1% during the third quarter. Rocky Mountain Advisers LLC now owns 6,610 shares of the company’s stock valued at $103,000 after purchasing an additional 4,250 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of First Watch Restaurant Group during the third quarter valued at approximately $119,000. XTX Topco Ltd purchased a new stake in First Watch Restaurant Group in the third quarter worth $157,000. Finally, Versor Investments LP bought a new position in First Watch Restaurant Group in the third quarter worth $201,000. 96.11% of the stock is owned by institutional investors.

First Watch Restaurant Group Trading Down 2.0 %

NASDAQ:FWRG opened at $20.27 on Monday. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 61.43, a PEG ratio of 3.38 and a beta of 0.91. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average price is $19.74 and its 200-day moving average price is $17.88. First Watch Restaurant Group, Inc. has a 52 week low of $12.90 and a 52 week high of $25.98.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Stephens restated an “overweight” rating and set a $25.00 target price on shares of First Watch Restaurant Group in a report on Tuesday, January 28th. TD Cowen boosted their price objective on shares of First Watch Restaurant Group from $18.00 to $21.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Barclays upped their price objective on shares of First Watch Restaurant Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Piper Sandler lifted their target price on shares of First Watch Restaurant Group from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Raymond James upped their price target on First Watch Restaurant Group from $22.00 to $25.00 and gave the stock a “strong-buy” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.30.

About First Watch Restaurant Group

First Watch Restaurant Group, Inc, through its subsidiaries, operates and franchises restaurants under the First Watch trade name in the United States. The company was formerly known as AI Fresh Super Holdco, Inc and changed its name to First Watch Restaurant Group, Inc in December 2019. First Watch Restaurant Group, Inc was founded in 1983 and is based in Bradenton, Florida.