Franchise Group (NASDAQ: FRG)The Barrington Research stock had its “buy” rating reaffirmed by stock analysts at Barrington Research in a research report released Tuesday, TipRanks reports. They currently have a price target of $ 48.00 on the share. Barrington Research’s price target indicates a potential rise of 24.61% from the company’s current price.

A number of other equity analysts also weighed on the RFA. Oppenheimer launched coverage on Franchise Group shares in a research report on Wednesday, June 16. They set a “buy” rating and a target price of $ 50.00 for the business. Aegis began covering Franchise Group shares in a research report on Wednesday, July 14. They set a “buy” rating and a price target of $ 50.00 for the company. Finally, Zacks Investment Research upgraded Franchise Group shares from a “sell” rating to a “keep” rating and set a target price of $ 39.00 for the company in a report released on Tuesday, August 3. One investment analyst rated the stock with a conservation rating and six gave the stock a buy rating. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $ 46.00.

NASDAQ FRG shares traded down $ 0.12 in the midday session Tuesday, reaching $ 38.52. The stock had a trade volume of 4,256 shares, compared to its average volume of 174,091. The stock has a 50-day moving average of $ 34.77 and a 200-day moving average of $ 35.93. . The company has a debt ratio of 2.55, a quick ratio of 0.65, and a current ratio of 1.51. The company has a market cap of $ 1.55 billion, a price / earnings ratio of 45.86, a price / earnings-growth ratio of 0.65, and a beta of 1.98. Franchise Group has a 12-month minimum of $ 22.60 and a 12-month maximum of $ 41.50.

Franchise Group (NASDAQ: FRG) last reported its 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 in the quarter, compared to analysts’ estimates of $ 794.09 million. As a group, analysts predict that Franchise Group will post 3.55 EPS for the current fiscal year.

A number of hedge funds have recently increased or reduced their holdings in the stock. Punch & Associates Investment Management Inc. increased its stake in Franchise Group by 14.2% in the 2nd quarter. Punch & Associates Investment Management Inc. now owns 625,125 shares of the company valued at $ 22,048,000 after purchasing an additional 77,514 shares in the last quarter. Marshall Wace LLP increased its stake in Franchise Group shares by 128.9% during the second quarter. Marshall Wace LLP now owns 90,511 shares of the company valued at $ 3,192,000 after purchasing an additional 50,975 shares last quarter. Morgan Stanley increased its stake in Franchise Group shares by 226.7% in the second quarter. Morgan Stanley now owns 163,169 shares of the company valued at $ 5,754,000 after purchasing an additional 113,230 shares in the last quarter. Wells Fargo & Company MN increased its stake in Franchise Group shares by 8.7% during the 2nd quarter. Wells Fargo & Company MN now owns 1,001,752 shares of the company valued at $ 35,332,000 after purchasing an additional 80,526 shares in the last quarter. Finally, Zacks Investment Management purchased a new position in Franchise Group shares during the second quarter valued at approximately $ 501,000. Institutional investors hold 42.25% of the company’s shares.

Franchise Group Company Profile

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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