<div id="readability-page-1"><p>Franklin Resources Inc. decreased its holdings in shares of  First Watch Restaurant Group, Inc. (NASDAQ:FWRG - Free Report) by 14.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor  owned 879,620 shares of the company's stock after selling 146,649 shares during the quarter. Franklin Resources Inc. owned about 1.44% of First Watch Restaurant Group worth $14,109,000 as of its most recent filing with the Securities and Exchange Commission.</p><ul><li>First Watch Restaurant Group: A First-Rate Small-Cap Growth Stock</li></ul><p>Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of  First Watch Restaurant Group by 2.0% during the first quarter. Vanguard Group Inc. now owns 2,398,180 shares of the company's stock worth $39,930,000 after purchasing an additional 46,566 shares in the last quarter.  JPMorgan Chase &amp; Co. grew its stake in shares of  First Watch Restaurant Group by 1.8% in the second quarter. JPMorgan Chase &amp; Co. now owns 2,213,754 shares of the company's stock valued at $35,509,000 after buying an additional 39,648 shares in the last quarter.  Granahan Investment Management LLC raised its holdings in shares of  First Watch Restaurant Group by 8.3% during the 1st quarter. Granahan Investment Management LLC now owns 1,594,267 shares of the company's stock valued at $26,545,000 after buying an additional 122,657 shares during the period.  The Manufacturers Life Insurance Company lifted its position in  First Watch Restaurant Group by 0.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,539,692 shares of the company's stock worth $25,636,000 after acquiring an additional 11,564 shares in the last quarter.  Finally, Riverbridge Partners LLC purchased a new position in  First Watch Restaurant Group in the 2nd quarter worth approximately $20,524,000. 96.11% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Analyst Ratings Changes</h2><p>A number of analysts have recently issued reports on FWRG shares. Stephens lifted their price objective on shares of First Watch Restaurant Group from $23.00 to $24.00 and gave the company an &#34;overweight&#34; rating in a research note on Wednesday, August 6th. Wall Street Zen raised shares of First Watch Restaurant Group from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a research note on Saturday, November 8th. Weiss Ratings  reissued a &#34;hold (c-)&#34; rating on shares of First Watch Restaurant Group in a research report on Tuesday. Benchmark raised their target price on First Watch Restaurant Group from $22.00 to $24.00 and gave the company a &#34;buy&#34; rating in a research note on Wednesday, August 6th. Finally, Zacks Research upgraded First Watch Restaurant Group from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a research note on Friday, October 24th. One investment analyst  has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned  a Hold rating to the company's stock. According to data from MarketBeat, First Watch Restaurant Group presently has an average rating of &#34;Moderate Buy&#34; and an average target price of $21.09.</p><p><b>View Our Latest Stock Report on FWRG</b></p><h2>First Watch Restaurant Group Stock Performance</h2><p>Shares of First Watch Restaurant Group stock opened at $18.48 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.21 and a current ratio of 0.25. First Watch Restaurant Group, Inc. has a 1 year low of $12.90 and a 1 year high of $22.71. The firm's 50-day simple moving average is $16.86 and its 200-day simple moving average is $16.93. The firm has a market cap of $1.13 billion, a PE ratio of 231.03, a price-to-earnings-growth ratio of 11.11 and a beta of 0.88. </p><p>First Watch Restaurant Group (NASDAQ:FWRG - Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). First Watch Restaurant Group had a net margin of 0.42% and a return on equity of 0.83%. The firm had revenue of $316.02 million during the quarter, compared to the consensus estimate of $308.31 million.  First Watch Restaurant Group has set its FY 2025 guidance at  EPS. Equities analysts forecast that  First Watch Restaurant Group, Inc. will post 0.32 earnings per share for the current fiscal year. </p><h2>Insider Buying and Selling at First Watch Restaurant Group</h2><p>In other news, major shareholder International L.P. Advent sold 4,400,000 shares of the business's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $17.67, for a total value of $77,748,000.00. Following the completion of the sale, the insider directly owned 5,289,784 shares in the company, valued at approximately $93,470,483.28. The trade was a 45.41% decrease in their position. The sale was disclosed in a legal filing with the Securities &amp; Exchange Commission, which can be accessed through this hyperlink. Company insiders own  6.00% of the company's stock. </p><h2>First Watch Restaurant Group Profile</h2> (Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than First Watch Restaurant Group</li><li>When to Sell a Stock for Profit or Loss</li><li>Power On: Applied Digital’s First AI Data Center Goes Live</li><li>What is the Shanghai Stock Exchange Composite Index?</li><li>Alphabet: The AI Leader Best Positioned to Dominate 2026</li><li>About the Markup Calculator</li><li>2 Reasons to Load Up on Fiserv, 1 to Stay Away</li></ul><p><strong>Want to see what other hedge funds are holding FWRG?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Watch Restaurant Group, Inc. (NASDAQ:FWRG - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RldSRw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RldSRw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in First Watch Restaurant Group Right Now?</h2><p>Before you consider First Watch Restaurant Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First Watch Restaurant Group wasn't on the list.</p><p>While First Watch Restaurant Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

FWRG

<p>Franklin Resources Inc. reduced its stake in First Watch Restaurant Group by 14.3% in Q2, selling 146,649 shares. The firm now owns 879,620 shares, valued at $14,109,000. Other investors like Vanguard and JPMorgan have adjusted their positions in FWRG. Analysts have mixed ratings, with a moderate buy consensus and a target price of $21.09. FWRG's stock opened at $18.48, with a market cap of $1.13 billion.</p>

Franklin Resources Inc. Cuts Stock Position in First Watch Restaurant Group, Inc. $FWRG