Mutual of America Capital Management LLC Has $7.25 Million Position in First Watch Restaurant Group, Inc. (NASDAQ:FWRG)

Mutual of America Capital Management LLC grew its position in shares of First Watch Restaurant Group, Inc. (NASDAQ:FWRG - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 389,730 shares of the company's stock after acquiring an additional 20,716 shares during the quarter. Mutual of America Capital Management LLC owned about 0.64% of First Watch Restaurant Group worth $7,253,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC acquired a new position in First Watch Restaurant Group during the 4th quarter valued at about $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 worth $103,000 after buying an additional 4,250 shares during the period. XTX Topco Ltd acquired a new position in shares of First Watch Restaurant Group during the third quarter worth approximately $157,000. Versor Investments LP bought a new position in First Watch Restaurant Group in the 3rd quarter worth approximately $201,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in First Watch Restaurant Group in the 4th quarter valued at approximately $204,000. Institutional investors own 96.11% of the company's stock.

First Watch Restaurant Group Price Performance

First Watch Restaurant Group stock traded down $0.57 during mid-day trading on Thursday, hitting $18.64. The company's stock had a trading volume of 173,184 shares, compared to its average volume of 640,291. The stock has a market capitalization of $1.13 billion, a P/E ratio of 56.49, a P/E/G ratio of 3.38 and a beta of 0.91. First Watch Restaurant Group, Inc. has a twelve month low of $12.90 and a twelve month high of $25.98. The stock's fifty day moving average price is $19.96 and its two-hundred day moving average price is $18.10. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 0.32.

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Analysts Set New Price Targets

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