Franchise Group, Inc. (NASDAQ:FRG) Given Average Rating of “Buy” by Analysts

Franchise Group, Inc. (NASDAQ:FRGGet Rating) has earned an average rating of “Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $60.25.

Separately, Zacks Investment Research raised shares of Franchise Group from a “sell” rating to a “hold” rating in a report on Thursday.

FRG traded down $0.60 during trading on Monday, reaching $38.41. 170,612 shares of the company’s stock were exchanged, compared to its average volume of 275,732. The company’s fifty day moving average price is $42.88 and its 200-day moving average price is $45.16. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.32. Franchise Group has a fifty-two week low of $32.12 and a fifty-two week high of $55.10. The firm has a market capitalization of $1.55 billion, a PE ratio of 4.43, a P/E/G ratio of 0.52 and a beta of 1.80.

Franchise Group (NASDAQ:FRGGet Rating) last announced its quarterly earnings results on Wednesday, February 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. Franchise Group had a net margin of 11.18% and a return on equity of 27.31%. The company had revenue of $942.80 million during the quarter, compared to analyst estimates of $849.32 million. During the same quarter in the previous year, the business earned ($0.12) EPS. The firm’s revenue was up 90.0% on a year-over-year basis. Research analysts forecast that Franchise Group will post 4.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Friday, April 1st were paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 6.51%. The ex-dividend date was Thursday, March 31st. Franchise Group’s payout ratio is presently 28.84%.

In related news, Director Patrick A. Cozza purchased 2,000 shares of the stock in a transaction on Friday, March 11th. The shares were purchased at an average cost of $42.50 per share, with a total value of $85,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Patrick A. Cozza purchased 4,000 shares of the stock in a transaction on Monday, March 7th. The stock was bought at an average cost of $41.00 per share, for a total transaction of $164,000.00. The disclosure for this purchase can be found here. 30.10% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in FRG. Allspring Global Investments Holdings LLC acquired a new position in shares of Franchise Group during the 4th quarter worth approximately $53,289,000. Select Equity Group L.P. grew its position in shares of Franchise Group by 36.7% during the 4th quarter. Select Equity Group L.P. now owns 770,927 shares of the company’s stock worth $40,212,000 after purchasing an additional 207,094 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of Franchise Group by 149.9% during the 3rd quarter. Two Sigma Investments LP now owns 206,328 shares of the company’s stock worth $7,306,000 after acquiring an additional 123,769 shares in the last quarter. Morgan Stanley boosted its position in shares of Franchise Group by 226.7% during the 2nd quarter. Morgan Stanley now owns 163,169 shares of the company’s stock worth $5,754,000 after acquiring an additional 113,230 shares in the last quarter. Finally, Putnam Investments LLC acquired a new stake in shares of Franchise Group during the 3rd quarter worth approximately $3,820,000. Hedge funds and other institutional investors own 47.41% of the company’s stock.

Franchise Group Company Profile (Get Rating)

Franchise Group, Inc owns and operates franchised and franchisable businesses. It operates through six segments: Vitamin Shoppe, Pet Supplies Plus, Badcock, American Freight, Buddy's, and Sylvan. The Vitamin Shoppe segment operates as an omnichannel specialty retailer of vitamins, minerals, herbs, specialty supplements, sports nutrition, and other health and wellness products under the BodyTech, True Athlete, plnt, The Vitamin Shoppe, ProBioCare, Fitfactor Weight Management System, and Vthrive The Vitamin Shoppe brands.

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