Franchise Group, Inc. (NASDAQ:FRG – Get Rating) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $29.00 and last traded at $28.96, with a volume of 1591 shares changing hands. The stock had previously closed at $29.81.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on FRG shares. B. Riley cut their price objective on shares of Franchise Group from $63.00 to $49.00 in a report on Friday, August 5th. DA Davidson cut their price objective on shares of Franchise Group to $55.00 in a report on Tuesday, August 9th. Finally, Oppenheimer cut their price objective on shares of Franchise Group from $65.00 to $45.00 and set an "outperform" rating on the stock in a report on Monday, August 8th.
Get Franchise Group alerts:Franchise Group Trading Down 0.9 %
The company's fifty day moving average is $33.82 and its two-hundred day moving average is $36.99. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.67 and a current ratio of 1.52. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 3.20, a P/E/G ratio of 0.46 and a beta of 1.58.
Franchise Group (NASDAQ:FRG – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.04). Franchise Group had a return on equity of 23.71% and a net margin of 9.11%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the company posted $1.16 EPS. Franchise Group's quarterly revenue was up 26.8% compared to the same quarter last year. On average, research analysts anticipate that Franchise Group, Inc. will post 4.02 EPS for the current year.Franchise Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a $0.625 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $2.50 annualized dividend and a yield of 9.00%. Franchise Group's dividend payout ratio (DPR) is presently 28.80%.
Institutional Investors Weigh In On Franchise Group
A number of hedge funds and other institutional investors have recently made changes to their positions in FRG. TFO TDC LLC acquired a new stake in shares of Franchise Group during the 1st quarter worth approximately $27,000. Lazard Asset Management LLC acquired a new stake in shares of Franchise Group during the 2nd quarter worth approximately $29,000. Point72 Hong Kong Ltd acquired a new stake in shares of Franchise Group during the 4th quarter worth approximately $46,000. Clearstead Advisors LLC acquired a new stake in shares of Franchise Group during the 2nd quarter worth approximately $70,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of Franchise Group during the 1st quarter valued at approximately $84,000. Institutional investors and hedge funds own 82.72% of the company's stock.
About Franchise Group
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Franchise Group, Inc owns and operates franchised and franchisable businesses. It operates through six segments: Vitamin Shoppe, Pet Supplies Plus, Badcock, American Freight, Buddy's, and Sylvan. The Vitamin Shoppe segment operates as an omnichannel specialty retailer of vitamins, minerals, herbs, specialty supplements, sports nutrition, and other health and wellness products under the BodyTech, True Athlete, plnt, The Vitamin Shoppe, ProBioCare, Fitfactor Weight Management System, and Vthrive The Vitamin Shoppe brands.
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