Martin Lamb sells 10,000 shares of Franchise Group, Inc. (NASDAQ: FRG)
Franchise Group, Inc. (NASDAQ: FRG) director Martin Lamb sold 10,000 shares in a trade that took place on Friday, May 21. The shares were sold at an average price of $ 30.01, for a total trade of $ 300,100.00.
The NASDAQ FRG traded higher $ 0.98 on Tuesday, reaching $ 34.29. The company had a trading volume of 520 shares, compared to its average volume of 169,639. The company has a market capitalization of $ 1.38 billion, a price / earnings ratio of 30.79, a price / earnings ratio. -growth of 0.66 and a beta of 2.00. The company has a quick ratio of 0.70, a current ratio of 1.46 and a debt ratio of 2.68. Franchise Group, Inc. has a one-year minimum of $ 20.54 and a one-year maximum of $ 41.50. The fifty-day moving average share price is $ 36.02.
Franchise Group (NASDAQ: FRG) last released its quarterly results on Thursday, May 6. The company reported EPS of $ 0.90 for the quarter, beating analyst consensus estimates of $ 0.87 by $ 0.03. The company posted revenue of $ 621.35 million for the quarter, compared to analysts’ estimates of $ 709.82 million. Franchise Group recorded a positive return on equity of 11.75% and a negative net margin of 0.95%. The Franchise Group’s revenue for the quarter increased 23.5% year-over-year. Research analysts predict that Franchise Group, Inc. will post earnings per share of 3.37 for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, July 15. Shareholders of record on Thursday July 1 received a dividend of $ 0.375 per share. This represents a dividend of $ 1.50 on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend was Wednesday June 30. The Franchise Group’s dividend payout ratio (DPR) is currently 94.94%.
Several equity research analysts commented on the stock. Aegis began covering Franchise Group shares in a research note on Wednesday, July 14. They issued a “buy” note and a target price of $ 50.00 for the company. TheStreet upgraded Franchise Group shares from a “d +” rating to a “c-” rating in a research report released on Thursday, May 27. Zacks Investment Research downgraded Franchise Group’s rating from a “hold” rating to a “sell” rating in a Wednesday July 7 research note. Finally, Oppenheimer began covering Franchise Group in a research note on Wednesday, June 16. They issued a “buy” note and a target price of $ 50.00 for the company. One investment analyst rated the stock with a sell rating, another issued a custody rating, and six assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $ 44.50.
Institutional investors and hedge funds have recently changed their holdings in the company. Hodges Capital Management Inc. increased its position in Franchise Group shares by 95.2% in the second quarter. Hodges Capital Management Inc. now owns 20,200 shares of the company valued at $ 712,000 after purchasing an additional 9,850 shares in the last quarter. Millennium Management LLC purchased a new position in Franchise Group in the first quarter valued at $ 1,807,000. Punch & Associates Investment Management Inc. increased its stake in Franchise Group by 49.7% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 547,611 shares of the company valued at $ 19,774,000 after purchasing an additional 181,907 shares during the last quarter. Verition Fund Management LLC strengthened its position in Franchise Group by 85.8% during the 1st quarter. Verition Fund Management LLC now owns 28,534 shares of the company valued at $ 1,030,000 after purchasing an additional 13,178 shares in the last quarter. Finally, Morgan Stanley increased its stake in Franchise Group shares by 151.0% during the first 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. 45.65% of the capital is held by institutional investors.
Franchise Group Company Profile
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 option-to-purchase rental stores that rent durable goods to customers, such as electronics, home furnishings, appliances and household accessories.
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