First Watch has been named America's #1 Most Loved Workplace for two consecutive years, emphasizing employee well-being and culture.
Quiver AI Summary
First Watch, the prominent Daytime Dining restaurant chain, has been recognized as the #1 Most Loved Workplace® in America for the second consecutive year and the fourth time overall, showcasing its commitment to a "You First" culture for its 15,000 employees. This recognition, determined by employee surveys and third-party research from Best Practice Institute, highlights the company's emphasis on work/life balance and innovative benefits like backup child and elder care, telemedicine, and education reimbursement programs. First Watch's leaders engage with employees through a nationwide listening initiative, the W.H.Y. Tour, fostering open communication and leading to meaningful improvements in the workplace. The restaurant group operates over 600 locations across 32 states, boasting a strong reputation for quality dining and community support.
Potential Positives
- First Watch has been named the #1 Most Loved Workplace® in America for the second consecutive year, demonstrating strong employee satisfaction and organizational culture.
- This recognition highlights the effectiveness of First Watch's "You First" culture, emphasizing their commitment to prioritizing employee well-being and benefits.
- The award reflects independent validation from Best Practice Institute, enhancing the company’s reputation and attractiveness to potential talent in a competitive market.
- First Watch's commitment to work/life balance and innovative employee benefits can contribute to higher retention and productivity rates, positively impacting the company's overall performance.
Potential Negatives
- While the press release highlights employee satisfaction and recognition, it does not address any potential negative employee feedback or challenges the company may be facing, leaving an incomplete picture of company culture.
- The focus on recognition as the #1 Most Loved Workplace may put pressure on the company to maintain or exceed these standards, which could lead to stress among management and employees if expectations are not met in the future.
- The repeated emphasis on employee benefits and culture may imply that there are underlying employee concerns that necessitate constant communication and improvement efforts, which could indicate a reactive rather than proactive approach to workplace satisfaction.
FAQ
What recognition did First Watch receive in 2025?
First Watch was named the #1 Most Loved Workplace® in America for the second consecutive year.
How many employees does First Watch have?
First Watch employs over 15,000 individuals across its restaurants.
What is First Watch's "You First" culture?
It is a philosophy aimed at prioritizing the well-being and development of employees, fostering a positive work environment.
What benefits does First Watch offer its employees?
Benefits include backup childcare, access to the Calm app, telemedicine, coaching, and tuition reimbursement programs.
How does First Watch gather employee feedback?
First Watch conducts the W.H.Y. (We Hear You) Tour to engage employees in conversations and act on their feedback.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$FWRG Congressional Stock Trading
Members of Congress have traded $FWRG stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $FWRG stock by members of Congress over the last 6 months:
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 05/15.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$FWRG Insider Trading Activity
$FWRG insiders have traded $FWRG stock on the open market 7 times in the past 6 months. Of those trades, 1 have been purchases and 6 have been sales.
Here’s a breakdown of recent trading of $FWRG stock by insiders over the last 6 months:
- INTERNATIONAL, L.P. ADVENT has made 0 purchases and 3 sales selling 13,900,000 shares for an estimated $232,398,000.
- CHRISTOPHER ANTHONY TOMASSO (President and CEO) has made 0 purchases and 3 sales selling 183,692 shares for an estimated $3,222,764.
- CHARLES JEMLEY purchased 15,000 shares for an estimated $247,500
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$FWRG Hedge Fund Activity
We have seen 101 institutional investors add shares of $FWRG stock to their portfolio, and 72 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ADVENT INTERNATIONAL, L.P. removed 4,500,000 shares (-23.4%) from their portfolio in Q2 2025, for an estimated $72,180,000
- FOXHAVEN ASSET MANAGEMENT, LP removed 1,849,570 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $29,667,102
- LOOMIS SAYLES & CO L P added 1,144,014 shares (+inf%) to their portfolio in Q2 2025, for an estimated $18,349,984
- MANUFACTURERS LIFE INSURANCE COMPANY, THE added 796,191 shares (+51.7%) to their portfolio in Q2 2025, for an estimated $12,770,903
- BALYASNY ASSET MANAGEMENT L.P. removed 580,317 shares (-95.4%) from their portfolio in Q2 2025, for an estimated $9,308,284
- NEUBERGER BERMAN GROUP LLC added 563,373 shares (+54.0%) to their portfolio in Q2 2025, for an estimated $9,036,502
- EMERALD ADVISERS, LLC added 384,838 shares (+inf%) to their portfolio in Q2 2025, for an estimated $6,172,801
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$FWRG Analyst Ratings
Wall Street analysts have issued reports on $FWRG in the last several months. We have seen 9 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Benchmark issued a "Buy" rating on 08/06/2025
- TD Cowen issued a "Buy" rating on 07/29/2025
- B of A Securities issued a "Buy" rating on 07/18/2025
- Barclays issued a "Overweight" rating on 07/17/2025
- Raymond James issued a "Strong Buy" rating on 07/17/2025
- TD Securities issued a "Buy" rating on 06/04/2025
- Guggenheim issued a "Buy" rating on 05/08/2025
To track analyst ratings and price targets for $FWRG, check out Quiver Quantitative's $FWRG forecast page.
$FWRG Price Targets
Multiple analysts have issued price targets for $FWRG recently. We have seen 9 analysts offer price targets for $FWRG in the last 6 months, with a median target of $21.0.
Here are some recent targets:
- Jim Salera from Stephens & Co. set a target price of $24.0 on 08/06/2025
- Todd Brooks from Benchmark set a target price of $24.0 on 08/06/2025
- Andrew Charles from TD Cowen set a target price of $21.0 on 07/29/2025
- Sara Senatore from B of A Securities set a target price of $21.0 on 07/18/2025
- Dan Levy from Barclays set a target price of $21.0 on 07/17/2025
- Brian Vaccaro from Raymond James set a target price of $22.0 on 07/17/2025
- Andrew Charles from TD Securities set a target price of $19.0 on 06/04/2025
Full Release
BRADENTON, Fla., Oct. 14, 2025 (GLOBE NEWSWIRE) -- First Watch , the leading Daytime Dining restaurant serving breakfast, brunch and lunch, has been named the #1 Most Loved Workplace ® in America for the second year in a row . This is the fourth consecutive year First Watch has been recognized on the list – a demonstration of the company’s focus on championing its “You First” culture for its more than 15,000 employees. The recognition is a result of employee surveys and third-party research completed by Best Practice Institute – and marks the first time a company has ever received the top honor across two consecutive years.
“Being named America’s #1 Most Loved Workplace for the second consecutive year is a tremendous honor that reflects the heart of our company – our people,” said Laura Sorensen, Chief People Officer. “At First Watch, our employees are the reason we exist, and we’re deeply committed to enhancing their lives through meaningful benefits and impactful programs. But beyond that, it’s the daily experience in our restaurants – the teamwork, the care and the culture – that truly defines who we are. Guided by our ‘You First’ philosophy, we strive to create amazing opportunities for our people, and we approach that vision with unwavering dedication.”
This year, First Watch was specifically recognized for maintaining its award-winning “You First” culture – originally modeled by its late co-founder Ken Pendery – as the company scales into new states and regions. Additionally, employee surveys conducted by Best Practice Institute celebrated First Watch’s work/life balance and industry-leading benefits, like back up child and elder care, free access to the Calm app, personal and professional coaching, free telemedicine services, plus free high school diploma and tuition reimbursement programs.
When it comes to maintaining culture and meeting employees where they are, First Watch credits the company’s W.H.Y. (We Hear You) Tour, where Sorensen and CEO and President Chris Tomasso and COO Dan Jones host nationwide video conversations with servers, cooks, dishwashers and bussers to listen to and act upon their candid feedback. These conversations have prompted tangible and meaningful enhancements to the menu, operating systems, and employee compensation and benefit offerings. Since its inception in 2021, Sorensen, Tomasso and Jones have heard from more than 1,500 employees and logged more than 150 hours of critical conversations.
For more than 40 years, First Watch has fostered a “You First” culture of putting its employees first, so they feel empowered to put their customers first. The restaurant’s one-shift “No Nights Ever” model across its more than 600 restaurants in 32 states allows teams to build deeper connections with each other and enjoy evenings with loved ones.
Best Practice Institute’s annual Most Loved Workplaces ® list – which is published as a custom content feature in The Wall Street Journal – is determined by surveying more than 2.8 million employees across companies of all sizes and industries. Hundreds of executives were also interviewed to provide context on culture, leadership, and strategy. Companies represented 50+ industries, from restaurants and financial services to healthcare, technology, construction and more. This independent validation ensures the rankings reflect both the lived experiences of employees and a rigorous external assessment of workplace practices.
To see the complete 2025 America’s Top 100 Most Loved Workplaces ® list and company profiles, visit: https://mostlovedworkplace.com/americas-top-most-loved-workplaces-2025 .
To view the feature in The Wall Street Journal , visit: https://partners.wsj.com/most-loved-workplace/most-loved-workplaces-2025/Americas-top-100-most-loved-workplaces .
For more information about First Watch and its career opportunities, visit careers.firstwatch.com .
About
First Watch
First Watch is the leading Daytime Dining concept serving made-to-order breakfast, brunch and lunch using the freshest ingredients available. Guided by its “Follow the Sun” culinary philosophy, First Watch's chef-driven menu rotates five times a year to feature the highest-quality flavors at their peak, offering elevated executions of classic favorites, fresh juices like the Kale Tonic, and fan favorites such as the Lemon Ricotta Pancakes, Quinoa Power Bowl and signature Million Dollar Bacon. For every kid’s meal served, First Watch proudly donates a portion to organizations and causes making a positive impact in our communities – raising more than $1.7 million to date. A recipient of hundreds of local “Best Breakfast” and “Best Brunch” awards, First Watch was voted 2025’s #1 Best Breakfast by Newsweek’s Readers’ Choice Awards and was also named 2025 and 2024’s #1 Most Loved Workplace
®
in America by the Best Practice Institute (as seen in
The Wall Street Journal
), after appearing on the list in 2022 and 2023 as well. With a commitment to quality, hospitality and community, First Watch is redefining Daytime Dining across more than 600 restaurants in 32 states. For more information, visit
www.firstwatch.com
.
About Most Loved Workplace
®
Most Loved Workplace
®
is a global certification and recognition platform powered by Best Practice Institute. Organizations certified as Most Loved Workplaces
®
outperform peers in retention, productivity, and customer satisfaction. Based on the Love of Workplace Index
®
, the model is featured in the bestselling book In Great Company (McGraw-Hill, 2019).
About Best Practice Institute (BPI)
Best Practice Institute (BPI) is a leadership development and benchmark research organization that partners with corporations worldwide to optimize culture, performance, and talent strategy. BPI is the exclusive certifier and research body behind Most Loved Workplace
®
.
Investor Relations Contact
Steven L. Marotta
941-500-1918
[email protected]
Media Relations Contact
Jenni Glester
407-864-5823
[email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b38f55c8-b5a5-4a18-baef-8458bad8cc54