Franchise Group, Inc. (NASDAQ:FRG) Short-term interest up 33.8% in February
Franchise Group, Inc. (NASDAQ:FRG – Get Rating) was the target of strong short-term interest growth in February. As of February 15, there were short interests totaling 1,170,000 shares, a growth of 33.8% from the total of 874,200 shares as of January 31. Based on an average trading volume of 245,900 shares, the short-term interest rate ratio is currently 4.8 days. Approximately 4.3% of the company’s shares are sold short.
FRG opened at $41.85 on Monday. The company has a quick ratio of 0.72, a current ratio of 1.32 and a debt ratio of 1.81. The company has a market capitalization of $1.69 billion, a price/earnings ratio of 4.83, a PEG ratio of 0.56 and a beta of 1.82. Franchise Group has a 52-week minimum of $31.29 and a 52-week maximum of $55.10. The company’s fifty-day simple moving average is $48.27 and its two-hundred-day simple moving average is $43.81.
Franchise Group (NASDAQ:FRG – Get Rating) last released quarterly earnings data on Wednesday, February 23. The company reported earnings per share (EPS) of $0.77 for the quarter, beating Thomson Reuters consensus estimate of $0.75 by $0.02. The company posted revenue of $942.80 million for the quarter, versus a consensus estimate of $849.32 million. Franchise Group achieved a net margin of 11.18% and a return on equity of 27.31%. The company’s revenue increased by 90.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.12) earnings per share. On average, research analysts expect Franchise Group to post an EPS of 4.97 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 15. Shareholders of record on Friday, April 1 will receive a dividend of $0.625. This represents an annualized dividend of $2.50 and a dividend yield of 5.97%. The ex-dividend date is Thursday, March 31. Franchise Group’s dividend payout ratio is currently 28.84%.
FRG has been the subject of several research reports. Aegis raised its price target on Franchise Group shares from $50.00 to $61.00 and gave the stock a “buy” rating in a Tuesday, November 23 research report. Barrington Research raised its price target on Franchise Group shares from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, Dec. 8. B. Riley raised his price target on Franchise Group shares from $58.00 to $65.00 and gave the company a “buy” rating in a Tuesday, November 23 research report. Finally, Zacks Investment Research upgraded Franchise Group shares from a “buy” to a “hold” rating in a Monday, February 28 research report. One equity research analyst gave the stock a hold rating and five gave the company’s stock a buy rating. According to MarketBeat, the stock currently has a consensus buy rating and a consensus target price of $58.00.
Major investors have recently been buying and selling shares of the company. Point72 Hong Kong Ltd bought a new position in Franchise Group during the fourth quarter for a value of approximately $46,000. Financial Management Professionals Inc. bought a new position in Franchise Group during the fourth quarter worth approximately $65,000. Royal Bank of Canada increased its stake in Franchise Group by 29.3% during the second quarter. Royal Bank of Canada now owns 1,953 shares of the company worth $68,000 after purchasing an additional 442 shares during the period. Advisor Group Holdings Inc. increased its stake in Franchise Group by 7,203.7% during the third quarter. Advisor Group Holdings Inc. now owns 1,972 shares of the company worth $70,000 after purchasing an additional 1,945 shares during the period. Finally, Captrust Financial Advisors increased its stake in Franchise Group by 44.9% during the third quarter. Captrust Financial Advisors now owns 1,985 shares of the company worth $71,000 after purchasing an additional 615 shares during the period. 47.41% of the shares are currently held by hedge funds and other institutional investors.
About the Franchise Group (Get a rating)
Franchise Group, Inc. is a holding company that provides tax preparation and related services and products. 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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