Stocks › Restaurants › FWRG

First Watch Restaurant FWRG

US equityMarket cap rank #3569Restaurants

$10.50 −$0.11 (-1.04%)

Pre-market · Oct 8, 8:20 am ET · After hours $10.40 -0.95%

Open$10.52

Prev close$10.61

Day range$10.31 – $10.64

Volume1.80M

Market cap$647.98M

P/E (TTM)37.5

Dividend yield–

Ownership & positioning

Who holds it, who is betting against it, and where the big money is moving

Institutional ownership107.1%-0.56 pts vs. prior quarter

Institutions holding244-3 vs. prior quarter

Insider trades (recent)26 buys / 22 sellsNet buying

Short interest10.57% of floatDays to cover 5.2 · as of 15 Sep 2026

Short-sale volume share15.8%5-day average of daily volume

Short-sale volume as % of daily volume

Large-order net flow, last 20 sessions

Net of large-order buying minus selling, in USD. Over this window: −$2.56M (10 inflow days, 10 outflow days).

Net flow by order size, last 20 sessions

Super/Big orders approximate institutional-size trades; Mid/Small approximate retail-size trades. Net buy minus sell value in each bucket, summed over the window.

The five largest holders on file together own 28.3% of shares outstanding.

Largest holders

BlackRock7.35%
Manulife Asset Management6.20%
BNY Mellon Asset Management6.02%
Vanguard Capital Management, LLC4.50%
Dimensional Fund Advisors4.21%
Emerald Advisers, LLC3.81%
Millennium Management LLC3.55%
Neuberger Berman Investment Advisers LLC3.35%

By investor type

Mutual Fund83.30%
Hedge Fund15.28%
Public Company4.95%
Individual/Insider1.54%
Government Pension Fund1.54%
Private Company1.19%
Insurance Company0.58%
Family Office/Trust0.23%

Reported short interest has risen from 8.89% to 10.57% of float over the last 6 biweekly reports (30 Jun 2026 to 15 Sep 2026).

Recent institutional activity

Holder	Type	Period	Share change	New stake
Balyasny Asset Management L.P.	Hedge Fund	2026/Q3	+930,650	2.0%
Emerald Advisers, LLC	Mutual Fund	2026/Q3	+834,185	3.8%
Woodline Partners LP	Hedge Fund	2026/Q3	+816,586	1.3%
Western Standard, LLC	Hedge Fund	2026/Q3	+513,240	0.8%
Qube Research & Technologies Ltd	Mutual Fund	2026/Q3	+493,165	1.6%
Manulife Asset Management	Mutual Fund	2026/Q3	+466,032	6.2%
Jane Street Group, LLC	Private Company	2026/Q3	+462,831	0.7%
BlackRock	Mutual Fund	2026/Q3	+462,387	7.3%
Nomura Holdings, Inc.	Public Company	2026/Q3	+438,147	1.3%
AQR Capital Management	Hedge Fund	2026/Q3	+393,378	0.8%
Hudson Bay Capital Management LP	Hedge Fund	2026/Q3	+353,827	0.6%
Penn Capital Management Company, LLC	Mutual Fund	2026/Q3	+331,594	2.4%
Bridgeway Capital Management, LLC	Mutual Fund	2026/Q3	+300,314	0.5%
Stephens Investment Management Group, LLC	Mutual Fund	2026/Q3	+294,122	3.2%
Granahan Investment Management, LLC	Mutual Fund	2026/Q3	+275,815	2.2%

Institutional buy/sell activity by reporting period, largest moves first.

Insider transactions

Date	Insider	Title	Transaction	Shares	Price	Held after
7 Jun 2026	Ashlee Weisser	Senior VP of Financial Planning & Analysis	Other Acquisition	+26,595	–	57,987
7 Jun 2026	Ashlee Weisser	Senior VP of Financial Planning & Analysis	Initial Statement of Beneficial	+0	–	31,392
20 May 2026	Michael Fleisher	Director	Other Acquisition	+12,345	–	21,144
20 May 2026	William Kussell	Independent Director	Other Acquisition	+12,345	–	21,144
20 May 2026	Ralph Alvarez	Independent Chairperson	Other Acquisition	+17,636	–	30,206
20 May 2026	Irene Chang Britt	Director	Other Acquisition	+12,345	–	21,144
20 May 2026	Jostein Solheim	Director	Other Acquisition	+12,345	–	21,144
20 May 2026	Charles Jemley	Director	Other Acquisition	+12,345	–	21,144
20 May 2026	Stephanie Lilak	Independent Director	Other Acquisition	+12,345	–	21,144
20 May 2026	Rachel Tipograph	Director	Other Acquisition	+12,345	–	21,647
16 Mar 2026	Jay Wolszczak	Chief Legal Officer, General Counsel & Secretary	Open Market Disposition	-3,161	$12.52	26,489
16 Mar 2026	Christopher Tomasso	Chief Executive Officer	Open Market Disposition	-25,062	$12.52	172,887
16 Mar 2026	Henry Hope	Chief Financial Officer	Open Market Disposition	-3,878	$12.52	68,549
16 Mar 2026	Eric Hartman	Executive VP & Chief Development Officer of First Watch Restaurants, Inc	Open Market Disposition	-1,819	$12.52	60,868
16 Mar 2026	Laura Sorensen	Chief Human Resources Officer	Open Market Disposition	-1,697	$12.52	57,501
16 Mar 2026	Matt Eisenacher	Chief Brand Officer	Open Market Disposition	-2,760	$12.52	16,521
16 Mar 2026	John Jones	Chief Operating Officer	Open Market Disposition	-1,697	$12.52	30,671
11 Mar 2026	Christopher Tomasso	Chief Executive Officer	Other Disposition	-71,768	–	132,987
9 Mar 2026	Jay Wolszczak	Chief Legal Officer, General Counsel & Secretary	Open Market Disposition	-6,998	$12.59	21,022
9 Mar 2026	Christopher Tomasso	Chief Executive Officer	Open Market Disposition	-33,314	$12.59	132,987

From Form 4/Form 144 filings. Negative share counts are disposals (sales, gifts, or shares withheld for taxes); positive are acquisitions.

Short interest, by report

Report date	Shares short	% of float	Days to cover
15 Sep 2026	6,521,625	10.6%	5.2
31 Aug 2026	6,796,802	11.0%	8.8
14 Aug 2026	7,140,373	11.6%	4.7
31 Jul 2026	6,015,854	9.8%	6.7
15 Jul 2026	5,317,321	8.6%	5.9
30 Jun 2026	5,480,268	8.9%	4.1

Discussion

No comments yet — be the first to weigh in on FWRG.