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Home›Vitamin Liberty›Franchise Group (NASDAQ: FRG) rating reaffirmed by Barrington Research

Franchise Group (NASDAQ: FRG) rating reaffirmed by Barrington Research

By Phyllis D. Lehmann
September 28, 2021
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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.

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Learn more about the hottest stock of 2021!

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.

See also: What are some popular green investment opportunities?

Analyst recommendations for the franchise group (NASDAQ: FRG)

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