First Watch CEO Tomasso Anthony Sells 100000 Shares at $18/share on 2025-08-13.

First Watch Restaurant Group, Inc. (FWRG) has announced that its Director, President, and CEO, Tomasso Christopher Anthony, has executed a transaction involving the sale of 100,000 shares at a price of $18 per share on August 13, 2025.

First Watch Restaurant Group, Inc. (FWRG) has announced that its Director, President, and CEO, Tomasso Christopher Anthony, sold 100,000 shares of common stock on August 13, 2025, at a price of $18.0 per share, totaling $1,800,000. Following the transaction, Tomasso directly owns 766,432 shares and indirectly owns 500 shares through his daughter [1].

The sale comes amidst a period of strong performance for the company. First Watch Restaurant Group reported a 3.5% year-over-year growth in same-store sales for Q2 FY 2025, driven by a 2% increase in traffic and a 1.5% rise in average check per guest. The company also opened 17 new restaurants and acquired 19 franchisees in the quarter, adding to its network of 600 locations [2].

However, the company's restaurant-level margins have been a point of concern. First Watch reported a 330 basis point year-over-year drop in restaurant-level margins to 18.6% in Q2 FY 2025, despite a 19.1% year-over-year growth in total revenue. The decline in margins is largely attributed to rising operating costs, including food, beverage, and packaging expenses, as well as labor costs [2].

The stock market has reacted positively to the company's performance. Since mid-July, First Watch shares have risen by just over 1.4%, outperforming the S&P 500 by a small margin [2].

References:
[1] https://www.tradingview.com/news/tradingview:625ef3fa3a4ed:0-first-watch-restaurant-group-ceo-sells-100-000-shares/
[2] https://seekingalpha.com/article/4811774-first-watch-restaurant-brunch-boom-earnings-on-the-side