Boston-based Advent International sold 9.4 million shares of First Watch Restaurant Group, totaling $152.89 million. This move decreased their position by 3.3% of reported 13F assets under management. Their post-trade stake is now 5,289,784 shares valued at $82.73 million, making First Watch their 10th-largest position.

Advent International reduced its holdings in First Watch Restaurant Group by 9.4 million shares, according to a filing with the SEC. Their post-sale position now represents 1.67% of reported 13F assets, down from the previous quarter. Top holdings include NIQ Global Intelligence, Olaplex, CCC Intelligent Solutions, Definitive Healthcare, and CI&T.

As of December 5, 2025, First Watch Restaurant Group shares were priced at $17.70, down 10% in the past year. The company’s five-year compound annual growth rate for sales is 22%. Its market capitalization is $1.08 billion, with revenue of $1.17 billion and net income of $5 million.

First Watch Restaurant Group operates and franchises daytime-focused restaurants under the First Watch brand, serving breakfast, brunch, and lunch menu items across 28 U.S. states. With 548 company-owned restaurants and 72 franchised locations, they cater to a broad customer base seeking fresh, made-to-order meals.

Advent International has decreased its stake in First Watch Restaurant Group, but the eatery remains a promising growth stock. With a unique operational model, customizable menus, and strong financial performance, First Watch is positioned for growth. Investors may find value in this affordable luxury dining option.

Read more at Yahoo Finance: Should Investors Follow Advent International’s Lead as it Dumps $153 Million of First Watch Restaurant Group Stock?