FWRG

First Watch Restaurant Group, Inc.

Sector: consumer cyclicalRestaurantsNASDAQMarket Cap: $971.6M

First Watch is a casual-dining restaurant operator with minimal direct government dependence and no material political/regulatory exposure.

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Govt Dependence

5/100

Regulatory Density

15/100

Lobbying Intensity

0/100

Political Signal

NONE

BusinessWhat FWRG does

First Watch operates a chain of casual-dining restaurants focused on breakfast, brunch, and lunch service. Revenue derives primarily from company-operated and franchised restaurant locations. The company has no significant government contracts, subsidies, or regulatory dependencies beyond standard labor and health/safety compliance.

12 months past · 3 months futureFWRG activity timeline

Congress

buy sell

Insider · Form 4

open-market buy

Hedge fund · 13F

opened + added − trimmed closed holds

Bills

past action (this ticker) upcoming markup (sector) ★ carveout (this ticker)

247 trading days · 3 congressional trades shown · 0 insider buys · 5 13F filings · 0 past bill actions · 0 upcoming markups

Lifetime Government AwardsFWRG federal contracts

FWRG doesn't hold direct federal contracts.

Verified via USASpending.gov: $0 reported in direct prime-contract awards. Companies in this position typically sell federal services indirectly through prime contractors and integrators (e.g., Lockheed Martin, Booz Allen, Microsoft Azure) or through commercial channels that don't appear in USASpending data.

Smart Money · 13F HoldingsHedge funds holding FWRG

$148.8M

Total FWRG held by tracked 13F funds

Funds with FWRG positions

Two Sigma Investments $138M -85% 2 overlap 2026-03-31

Citadel Advisors $10M -33% 1 overlap 2025-12-31

Politicians Trading FWRGMembers of Congress with recent FWRG positions

2 politicians traded FWRG across 5 disclosed transactions totaling $40K (last 730 days). Greed score = composite of trade frequency, volume & recency across the politician's entire history (not just FWRG). 0-30 LOW · 30-60 MID · 60+ HIGH.

Gilbert Ray Cisneros D-California · house 3 buys $24K 2025-11-26 HIGH · 61 Josh Gottheimer D-New Jersey · house 1 buy 1 sell $16K 2026-04-06 LOW · 1

Congressional TradesWho in Congress is trading FWRG

2026-04-06 Josh Gottheimer D-New Jersey · house Purchase $1,001 - $15,000

2026-03-05 Josh Gottheimer D-New Jersey · house Sale $1,001 - $15,000

2025-11-26 Gilbert Ray Cisneros D-California · house Purchase $1,001 - $15,000

2025-05-15 Gilbert Ray Cisneros D-California · house Purchase $1,001 - $15,000

2025-05-15 Gilbert Ray Cisneros D-California · house purchase $1,001 - $15,000

2024-08-06 Josh Gottheimer D-New Jersey · house purchase $1,001 - $15,000

2024-08-06 Josh Gottheimer D-New Jersey · house Purchase $1,001 - $15,000

7+ trades on file · most recent 2026-05-19

Corporate Insiders · Form 4What CEOs, CFOs, and directors are doing with their own stock

No Form 4 activity recorded in the last 180 days.

Bills to WatchLegislation flagged by our analysis

minimum_wage_increaseslabor_scheduling_rules

Political ProfileWhere FWRG sits in Washington

First Watch has no lobbying activity, no campaign donations, and no legislative naming. Minimal politician trading activity (6 trades across 2 politicians over 730d) reflects incidental portfolio activity, not political alignment or signal.

Regulatory ExposureThreats & opportunities

Regulatory threats

state_minimum_wage_hikes
labor_classification_disputes

Regulatory opportunities

No specific regulatory opportunities flagged.

Member intelligence layer

Live signals + predictions for FWRG — for Founders

The free page above gives you the public record. Members see the real-time intelligence layer on top of it:

Live 7-layer signal scores when Congress trades FWRG
Bill Pass Index v2 odds for every bill on the watch list
Iron Triangle alerts (committee × donor × trade)
SEC Form 4 cluster detection (CEO + CFO + director buys)
Whale-Opportunity expected-value ranking
Custom watchlist alerts via email + Discord

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Frequently AskedAbout FWRG & political exposure

Does First Watch Restaurant Group, Inc. (FWRG) hold federal contracts?

No direct prime contracts reported in USASpending.gov for First Watch Restaurant Group, Inc.. Companies in the semiconductor and AI hardware sectors often sell to the federal government via prime contractors and cloud resellers (Microsoft Azure, AWS, Lockheed Martin systems integration) rather than as direct primes.

Has Congress traded FWRG stock?

7 congressional trades by 2 unique members of Congress, most recently on 2026-04-06. See the Congressional Trading panel for politician-by-politician breakdown.

What is FWRG political risk profile?

Government dependence: 5/100. Lobbying intensity: 0/100. Political signal: none.

How does GovGreed track FWRG political activity?

GovGreed integrates STOCK Act congressional trade disclosures, FEC contributions, OGE executive-branch disclosures, USASpending federal contracts, Senate LDA lobbying filings, and SEC Form 4 corporate insider trades into a single queryable graph. FWRG data is updated daily from these official federal sources.