Franchise Group (NASDAQ: FRG) reduced to keep at Zacks Investment Research
Franchise Group (NASDAQ: FRG) was downgraded by Zacks Investment Research from a “strong buy†rating to a “retained†rating in a research note released Monday, Zacks.com reports.
According to Zacks, “Franchise Group Inc. is the indirect parent company of Liberty Tax Service and Buddy’s Home Furnishings. It focuses on the valuation and acquisition of franchise-oriented or complementary businesses. The company also owns Buddy’s Home Furnishings, a specialty retailer specializing in the rental and sale of consumer electronics, home furnishings, appliances and household accessories. Franchise Group Inc., formerly known as Liberty Tax Inc., is based in Virginia Beach, United States. “
Several other research analysts have also weighed on the company recently. Barrington Research raised its Franchise Group price target from $ 48.00 to $ 58.00 and rated the stock as “outperforming” in a research report published on Tuesday, November 23. Aegis raised its price target on Franchise Group from $ 50.00 to $ 61.00 and gave the stock a “buy” rating in a research report published on Tuesday, November 23. Finally, B. Riley increased his price target on Franchise Group from $ 58.00 to $ 65 and gave the stock a “buy†rating in a research report on Tuesday, November 23. One investment analyst rated the stock with a conservation rating and six gave the stock a buy rating. Based on MarketBeat data, Franchise Group currently has an average rating of “Buy†and an average target price of $ 53.00.
FRG shares traded down $ 0.81 during trading hours on Monday, reaching $ 48.31. 218,858 shares of the stock traded for an average volume of 175,108. The company has a current ratio of 1.46, a quick ratio of 0.49 and a debt ratio of 1.68. Franchise Group has a one-year minimum of $ 25.28 and a one-year maximum of $ 52.17. The company has a market cap of $ 1.95 billion, a PE ratio of 9.62, a price / earnings-growth ratio of 0.85, and a beta of 1.81. The company has a fifty-day moving average of $ 41.79 and a 200-day moving average of $ 37.63.
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Franchise Group (NASDAQ: FRG) last released its quarterly earnings data on Tuesday, November 2. The company reported EPS of $ 0.97 for the quarter, beating analyst consensus estimates of $ 0.80 by $ 0.17. Franchise Group had a return on equity of 25.25% and a net margin of 7.56%. During the same period of the previous year, the company achieved earnings per share ($ 0.22). As a group, equity research analysts expect Franchise Group to post earnings per share of 3.79 for the current fiscal year.
A number of institutional investors have recently bought and sold shares of FRG. Goldman Sachs Group Inc. increased its stake in Franchise Group shares by 21.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 19,528 shares of the company valued at $ 705,000 after purchasing an additional 3,489 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Franchise Group shares by 16.1% in the 1st quarter. Ameriprise Financial Inc. now owns 21,594 shares of the company valued at $ 777,000 after purchasing an additional 2,994 shares in the last quarter. Royal Bank of Canada increased its stake in Franchise Group shares by 123.2% in the 1st 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. Cubist Systematic Strategies LLC increased its stake in Franchise Group shares by 80.7% in the 1st quarter. Cubist Systematic Strategies LLC now owns 21,138 shares of the company valued at $ 763,000 after purchasing an additional 9,438 shares during the last quarter. Finally, Morgan Stanley increased its stake in Franchise Group shares by 151.0% in the 1st quarter. Morgan Stanley now owns 49,939 shares of the company valued at $ 1,803,000 after purchasing an additional 30,042 shares in the last quarter. Hedge funds and other institutional investors hold 73.06% of the company’s shares.
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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