Franchise Group, Inc. (NASDAQ: FRG) Based on average analyst recommendation of “Buy”
Shares of Franchise Group, Inc. (NASDAQ: FRG) have received a consensus rating of “Buy” by the eight brokerages that currently cover the company, reports Marketbeat Ratings. One equity research analyst rated the stock with a sell recommendation, another gave a hold recommendation, and five gave the company a buy recommendation. The twelve-month average target price among analysts who published a report on the stock in the past year is $ 44.33.
A number of brokerage firms have recently commented on RFA. TheStreet downgraded Franchise Group shares from a “d +” rating to a “c-” rating in a research report released on Thursday, May 27. Oppenheimer began covering Franchise Group shares in a research note on Wednesday, June 16. They set a “buy” rating and a target price of $ 50.00 for the business. Finally, Zacks Investment Research downgraded Franchise Group shares from a “hold” rating to a “sell” rating in a research note on Wednesday.
In other news from the Franchise Group, director Patrick A. Cozza acquired 4,000 shares of the company in a transaction on Wednesday, June 9. The stock was purchased at an average price of $ 37.32 per share, for a total transaction of $ 149,280.00. Following the purchase, the director now directly owns 26,459 shares of the company, valued at $ 987,449.88. The acquisition has been disclosed in a legal file with the SEC, which can be accessed through this hyperlink. In addition, CEO Brian Randall Kahn acquired 1,000,000 shares of the company in a transaction on Friday, May 21. The stock was purchased at an average price of $ 36.00 per share, for a total value of $ 36,000,000.00. Following the purchase, the CEO now directly owns 1,342,788 shares of the company, valued at $ 48,340,368. Disclosure of this purchase can be found here. During the past 90 days, insiders have purchased 1,054,000 shares of the company valued at $ 37,949,280. 30.10% of the shares are currently held by insiders.
A number of institutional investors have recently changed their holdings in the company. BlackRock Inc. increased its stake in Franchise Group by 21.6% in the 1st quarter. BlackRock Inc. now owns 1,974,843 shares of the company valued at $ 71,310,000 after purchasing an additional 350,656 shares in the last quarter. Hood River Capital Management LLC increased its stake in Franchise Group by 2.1% in the 4th quarter. Hood River Capital Management LLC now owns 1,394,429 shares of the company valued at $ 42,460,000 after purchasing an additional 28,838 shares during the last quarter. Cannell Capital LLC increased its stake in Franchise Group by 22.1% in the 1st quarter. Cannell Capital LLC now owns 848,267 shares of the company valued at $ 30,631,000 after purchasing an additional 153,771 shares during the period. Ophir Asset Management Pty Ltd increased its stake in Franchise Group by 15.9% in the 1st quarter. Ophir Asset Management Pty Ltd now owns 800,603 shares of the company valued at $ 28,229,000 after purchasing an additional 109,964 shares during the period. Finally, Punch & Associates Investment Management Inc. increased its stake in Franchise Group by 49.7% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 547,611 shares of the company valued at $ 19,774,000 after purchasing an additional 181,907 shares during the period. Institutional investors and hedge funds hold 45.65% of the company’s shares.
FRG shares opened at $ 34.97 on Friday. The company has a 50-day moving average price of $ 36.41. Franchise Group has a one-year minimum of $ 19.50 and a one-year maximum of $ 41.50. The company has a market cap of $ 1.41 billion, a P / E ratio of -52.19, a PEG ratio of 0.69 and a beta of 2.00. The company has a current ratio of 1.46, a quick ratio of 0.70 and a debt ratio of 2.68.
Franchise Group (NASDAQ: FRG) last reported its quarterly results on Thursday, May 6. The company reported EPS of $ 0.90 for the quarter, beating analyst consensus estimates of $ 0.87 by $ 0.03. Franchise Group had a negative net margin of 0.95% and a positive return on equity of 11.75%. The company posted revenue of $ 621.35 million in the quarter, compared to a consensus estimate of $ 709.82 million. The company’s revenue for the quarter increased 23.5% year-over-year. As a group, analysts expect Franchise Group to post earnings per share of 3.37 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 15. Shareholders of record on Thursday, July 1 will receive a dividend of $ 0.375 per share. This represents a dividend of $ 1.50 on an annualized basis and a dividend yield of 4.29%. The ex-dividend date for this dividend is Wednesday June 30. The Franchise Group’s dividend payout ratio is currently 94.94%.
Franchise Group Company Profile
Franchise Group, Inc. operates as a retailer, franchisor operator and acquirer of franchise and franchisable businesses. It operates through 4 segments: Liberty Tax, Buddy’s, Sears Outlet and Vitamin Shoppe. The company provides tax preparation services in the United States and Canada; and franchises and operates option-to-purchase rental stores that rent durable goods to customers, such as electronics, home furnishings, appliances and household accessories.
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