Patrick A. Cozza buys 4,000 shares of Franchise Group, Inc. (NASDAQ: FRG)
Franchise Group, Inc. (NASDAQ: FRG) director Patrick A. Cozza bought 4,000 shares in a transaction dated Wednesday, June 9. The shares were acquired at an average cost of $ 37.32 per share, for a total transaction of $ 149,280.00. Following the completion of the acquisition, the Director now directly owns 26,459 shares of the company, valued at approximately $ 987,449.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, accessible through this link.
NASDAQ FRG shares traded down $ 0.73 during trading hours on Thursday, reaching $ 36.30. 178,590 shares were traded, for an average volume of 157,294. The company has a current ratio of 1.46, a quick ratio of 0.70 and a debt ratio of 2.68. The company has a market cap of $ 1.46 billion, a P / E ratio of -54.15, a PEG ratio of 0.74 and a beta of 1.99. The company has a fifty-day moving average of $ 37.02. Franchise Group, Inc. has a one-year minimum of $ 17.73 and a one-year maximum of $ 41.50.
Franchise Group (NASDAQ: FRG) last released its results on Thursday, May 6. The company reported earnings per share of $ 0.90 for the quarter, beating analyst consensus estimates of $ 0.87 by $ 0.03. Franchise Group had a negative net margin of 0.95% and a positive return on equity of 11.75%. The company posted revenue of $ 621.35 million for the quarter, compared to analysts’ estimates of $ 709.82 million. The company’s quarterly revenue increased 23.5% compared to the same quarter last year. Stock analysts expect Franchise Group, Inc. to post earnings per share of 3.37 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 15. Shareholders of record on Thursday, July 1 will receive a dividend of $ 0.375. The ex-dividend date is Wednesday June 30. This represents a dividend of $ 1.50 on an annualized basis and a return of 4.13%. The Franchise Group’s dividend payout rate is currently 94.94%.
RFA has been the subject of several recent research reports. Zacks Investment Research downgraded Franchise Group shares from a “buy” rating to a “keep” rating in a report released on Monday, May 31. TheStreet downgraded Franchise Group shares from a “d +” rating to a “c-” rating in a report released on Thursday, May 27th. Oppenheimer launched coverage on Franchise Group shares in a report released on Wednesday, April 21. They set an “outperform” rating and a target price of $ 50.00 for the stock. B. Riley raised his target price on Franchise Group shares from $ 38.00 to $ 46.00 and assigned a “buy” rating to the stock in a report released on Thursday, March 11. Finally, Barrington Research increased its price target on Franchise Group shares from $ 40.00 to $ 48.00 and gave the stock an “outperformance” rating in a research report on Thursday, March 11. They noted that the move was an appraisal call. Two investment analysts rated the stock with a conservation rating and five issued a buy rating for the stock. The stock has an average rating of “Buy” and an average target price of $ 43.71.
A number of institutional investors have recently changed their holdings in the company. BlackRock Inc. strengthened its position in Franchise Group by 21.6% in the first quarter. BlackRock Inc. now owns 1,974,843 shares of the company valued at $ 71,310,000 after purchasing an additional 350,656 shares in the last quarter. Hood River Capital Management LLC strengthened its position in Franchise Group by 2.1% in the fourth quarter. Hood River Capital Management LLC now owns 1,394,429 shares of the company valued at $ 42,460,000 after purchasing an additional 28,838 shares in the last quarter. Wells Fargo & Company MN strengthened its position in Franchise Group by 4.2% in the fourth quarter. Wells Fargo & Company MN now owns 915,515 shares of the company valued at $ 27,877,000 after purchasing an additional 37,228 shares in the last quarter. Cannell Capital LLC strengthened its position in Franchise Group by 22.1% in the first quarter. Cannell Capital LLC now owns 848,267 shares of the company valued at $ 30,631,000 after purchasing an additional 153,771 shares last quarter. Finally, Ophir Asset Management Pty Ltd strengthened its position in Franchise Group by 15.9% in the first quarter. Ophir Asset Management Pty Ltd now owns 800,603 shares of the company valued at $ 28,229,000 after purchasing an additional 109,964 shares during the last quarter. Hedge funds and other institutional investors hold 45.65% of the company’s shares.
About the franchise group
Franchise Group, Inc. operates as a retailer, franchisor 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-buy rental stores that rent durable goods to customers, such as electronics, home furnishings, appliances and household accessories.
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