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Home›Vitamin Liberty›Franchise Group, Inc. (NASDAQ: FRG) Receives Analyst ‘Buy’ Consensus Recommendation

Franchise Group, Inc. (NASDAQ: FRG) Receives Analyst ‘Buy’ Consensus Recommendation

By Phyllis D. Lehmann
October 18, 2021
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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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Analyst Recommendations for the Franchise Group (NASDAQ: FRG)

This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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  1. Allied Corp. Announces Launch of Allied Corp Brands
  2. The Vitamin Shoppe expands its store base with franchise program
  3. $ 799.24 million in expected sales for Franchise Group, Inc. (NASDAQ: FRG) this quarter
  4. Zacks: Brokers Expect Franchise Group, Inc. (NASDAQ: FRG) to Earn $ 0.78 Per Share
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