Franchise Group, Inc. (NASDAQ: FRG) Receives Analyst ‘Buy’ Consensus Recommendation
Shares of Franchise Group, Inc. (NASDAQ: FRG) have earned an average “Buy” recommendation from the eight rating companies that cover the company, reports Marketbeat Ratings. An equity research analyst rated the stock with a keep recommendation and six gave the company a buy recommendation. The one-year average price target among brokers who reported on the stock in the past year is $ 46.00.
A number of equity analysts recently commented on RFA stocks. Aegis began covering Franchise Group shares in a research note on Wednesday, July 14. They issued a “buy” note and a target price of $ 50.00 on the stock. Zacks Investment Research downgraded Franchise Group shares from a “sell” rating to a “hold” rating and set a price target of $ 39.00 for the company in a report released on Tuesday, August 3. Finally, Barrington Research reaffirmed a “buy” rating and set a price target of $ 48.00 for Franchise Group shares in a report released on Tuesday, September 28.
NASDAQ: FRG opened at $ 37.31 on Monday. The company has a quick ratio of 0.65, a current ratio of 1.51, and a debt ratio of 2.55. The company has a market cap of $ 1.50 billion, a P / E ratio of 44.42, a P / E / G ratio of 0.65 and a beta of 1.98. Franchise Group has a minimum of $ 22.76 over 52 weeks and a maximum of $ 41.50 over 52 weeks. The company’s 50-day moving average is $ 35.55 and its two-hundred-day moving average is $ 35.96.
Franchise Group (NASDAQ: FRG) last released its quarterly results on Tuesday, August 3. The company reported earnings per share of $ 1.16 for the quarter, beating the Zacks consensus estimate of $ 0.85 by $ 0.31. Franchise Group had a net margin of 1.57% and a return on equity of 17.53%. The company posted revenue of $ 862.76 million for the quarter, compared to a consensus estimate of $ 794.09 million. Research analysts predict that Franchise Group will post 3.55 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which was paid on Friday, October 15. Shareholders of record on Friday October 1 received a dividend of $ 0.375 per share. This represents an annualized dividend of $ 1.50 and a return of 4.02%. The ex-dividend date was Thursday, September 30. The Franchise Group’s dividend payout rate is currently 94.94%.
A number of hedge funds have recently changed their positions in the company. Tradition Wealth Management LLC increased its stake in Franchise Group by 56.7% during the 2nd quarter. Tradition Wealth Management LLC now owns 846 shares of the company valued at $ 30,000 after acquiring an additional 306 shares during the last quarter. Royal Bank of Canada increased its holdings in Franchise Group by 29.3% in the second quarter. Royal Bank of Canada now owns 1,953 shares of the company valued at $ 68,000 after acquiring 442 additional shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in Franchise Group by 31.2% during the second quarter. Ameritas Investment Partners Inc. now owns 2,222 shares of the company valued at $ 78,000 after acquiring an additional 529 shares in the last quarter. Prudential Financial Inc. increased its stake in Franchise Group by 4.1% during the second quarter. Prudential Financial Inc. now owns 14,312 shares of the company valued at $ 505,000 after acquiring 563 additional shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Franchise Group by 10.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 8,697 shares of the company valued at $ 307,000 after acquiring an additional 789 shares in the last quarter. 42.25% of the capital is held by institutional investors.
About the franchise group
Franchise Group, Inc. is a holding company that provides tax return preparation services and related products and services. It operates through the following segments: Vitamin Shoppe, American Freight, Liberty Tax and Buddy’s. The Vitamin Shoppe segment is an omnichannel specialty retailer of vitamins, herbs, specialty supplements, sports nutrition and other health and wellness products.
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