Franchise Group (NASDAQ:FRG) Price Target Cut to $63.00

Franchise Group (NASDAQ:FRGGet Rating) had its price target dropped by equities researchers at B. Riley from $65.00 to $63.00 in a research note issued on Friday, The Fly reports. B. Riley’s price objective points to a potential upside of 65.18% from the company’s current price.

Separately, Zacks Investment Research upgraded Franchise Group from a “sell” rating to a “hold” rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $59.40.

Shares of FRG stock opened at $38.14 on Friday. The business’s 50-day moving average price is $41.09 and its 200-day moving average price is $45.31. Franchise Group has a 12 month low of $32.12 and a 12 month high of $55.10. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 4.40, a PEG ratio of 0.52 and a beta of 1.77. The company has a current ratio of 1.32, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81.

Franchise Group (NASDAQ:FRGGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.20. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.08 billion. Franchise Group had a return on equity of 27.31% and a net margin of 11.18%. The firm’s revenue was up 82.7% compared to the same quarter last year. During the same period last year, the company earned $0.90 earnings per share. On average, sell-side analysts predict that Franchise Group will post 4.95 earnings per share for the current fiscal year.

In other Franchise Group news, Director Patrick A. Cozza bought 4,000 shares of the firm’s stock in a transaction on Monday, March 7th. The shares were acquired at an average cost of $41.00 per share, for a total transaction of $164,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Patrick A. Cozza bought 2,000 shares of the firm’s stock in a transaction on Friday, March 11th. The stock was acquired at an average price of $42.50 per share, for a total transaction of $85,000.00. The disclosure for this purchase can be found here. Insiders own 30.10% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. TFO TDC LLC purchased a new position in shares of Franchise Group in the 1st quarter worth about $27,000. Point72 Hong Kong Ltd purchased a new position in shares of Franchise Group in the 4th quarter worth about $46,000. Financial Management Professionals Inc. purchased a new position in shares of Franchise Group in the 4th quarter worth about $65,000. Royal Bank of Canada boosted its holdings in shares of Franchise Group by 29.3% in the 2nd quarter. Royal Bank of Canada now owns 1,953 shares of the company’s stock worth $68,000 after purchasing an additional 442 shares in the last quarter. Finally, Advisor Group Holdings Inc. boosted its holdings in shares of Franchise Group by 7,203.7% in the 3rd quarter. Advisor Group Holdings Inc. now owns 1,972 shares of the company’s stock worth $70,000 after purchasing an additional 1,945 shares in the last quarter. Hedge funds and other institutional investors own 45.51% of the company’s stock.

About Franchise Group (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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