Jay Anthony Wolszczak, who serves as Chief Legal Officer, General Counsel and Secretary at First Watch Restaurant Group (NASDAQ: FWRG), recorded a sale of company stock on March 10, 2026, according to a Form 4 filing with the Securities and Exchange Commission.
The filing shows Wolszczak sold 6,998 shares of common stock at a weighted average price of $12.59, generating proceeds of $88,104. Reported sale prices ranged from $12.40 to $12.73. Following the transaction, Wolszczak holds 232,091 shares of First Watch directly.
In the same reporting period, First Watch released fourth-quarter financial results. The company posted earnings per share of $0.24, outpacing analyst expectations of $0.07. Revenue for the quarter was $316.4 million, which missed consensus estimates by 0.87%. Comparable restaurant sales increased by 3.1% year over year.
Adjusted EBITDA for the quarter was reported at $33.7 million, slightly below the anticipated $34.4 million. The earnings and operating metrics prompted differing responses from analysts covering the stock.
Stifel lowered its price target for First Watch from $17 to $15 and kept a Hold rating, citing concerns tied to the company’s guidance. Stephens reduced its price target from $24 to $21 but maintained an Overweight rating, pointing to traffic and mix headwinds as factors affecting adjusted EBITDA. These analyst moves underscore mixed market reactions in the wake of a results package that combined an EPS beat with modest shortfalls in revenue and adjusted EBITDA.
Summary of the key factual points is provided below, followed by risks highlighted by the reported data. The company’s insider transaction and quarterly metrics offer investors concrete data points without providing definitive directional signals.