Franchise Group, Inc. (NASDAQ: FRG) Receives Consensus ‘Buy’ Recommendation from Analysts
Shares of Franchise Group, Inc. (NASDAQ: FRG) have received a consensus “buy” recommendation by the seven research companies that currently cover the business, reports Marketbeat.com. One analyst rated the stock with a hold recommendation and six issued a buy recommendation on the company. The 12-month average target price among brokers who issued stock ratings in the past year is $ 43.86.
A number of brokerage firms have recently weighed on the FRG. DA Davidson raised its price target on Franchise Group from $ 40.00 to $ 49.00 and gave the company a “buy” rating in a research report on Thursday, March 11. Barrington Research raised its price target on Franchise Group from $ 40.00 to $ 48.00 and gave the company an “outperformance” rating in a research report on Thursday, March 11. They noted that the move was an appraisal call. B. Riley raised his price target on Franchise Group from $ 38.00 to $ 46.00 and gave the company a “buy” rating in a research report on Thursday, March 11. Zacks Investment Research raised Franchise Group from a “hold” rating to a “buy” rating and set a price target of $ 41.00 on the stock in a research report on Tuesday. Finally, Oppenheimer launched coverage on Franchise Group in a research report on Tuesday, April 27. They set an “outperform” rating and a price target of $ 50.00 on the stock.
Several large investors have recently changed their positions in RFA. Royal Bank of Canada increased its stake in Franchise Group shares by 123.2% in the first quarter. Royal Bank of Canada now owns 1,511 shares of the company valued at $ 54,000 after purchasing an additional 834 shares in the last quarter. Capstone Triton Financial Group LLC acquired a new position in Franchise Group shares in the fourth quarter valued at approximately $ 60,000. Lazard Asset Management LLC acquired a new position in shares of Franchise Group in the first quarter valued at approximately $ 70,000. Captrust Financial Advisors acquired a new position in shares of Franchise Group in the fourth quarter valued at approximately $ 81,000. Finally, Citigroup Inc. increased its stake in Franchise Group shares by 319.0% in the fourth quarter. Citigroup Inc. now owns 4,391 shares of the company valued at $ 134,000 after purchasing an additional 3,343 shares during the last quarter. Hedge funds and other institutional investors hold 43.32% of the company’s shares.
The RFA opened at $ 35.72 on Friday. Franchise Group has a 12 month minimum of $ 14.66 and a 12 month maximum of $ 41.50. The company has a leverage ratio of 1.26, a current ratio of 1.13, and a quick ratio of 0.53. The company’s fifty-day simple moving average is $ 37.01 and its 200-day simple moving average is $ 33.45.
Franchise Group (NASDAQ: FRG) last released its quarterly results on Thursday, May 6. The company reported earnings per share (EPS) of $ 0.90 for the quarter, beating analyst consensus estimates of $ 0.87 by $ 0.03. Franchise Group achieved a return on equity of 12.37% and a net margin of 0.94%. The company posted revenue of $ 621.35 million for the quarter, compared to the consensus estimate of $ 709.82 million. The company’s turnover increased 23.5% compared to the same quarter last year. Stock analysts predict that Franchise Group will post 2.7 earnings per share for the current fiscal year.
The firm also recently declared 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. This represents a dividend of $ 1.50 on an annualized basis and a return of 4.20%. The ex-dividend date is Wednesday June 30.
Company Profile Franchise Group
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 hire-purchase stores that rent durable goods, such as electronics, home furnishings, appliances and household accessories to customers.
Further reading: what is the quick ratio?
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