Franchise Group, Inc. (NASDAQ:FRG – Get Rating) shares saw an uptick in trading volume on Friday . 10,589 shares changed hands during trading, a decline of 98% from the previous session's volume of 472,981 shares.The stock last traded at $23.38 and had previously closed at $24.02.
Analyst Upgrades and Downgrades
Several research firms have issued reports on FRG. Oppenheimer dropped their price objective on Franchise Group from $65.00 to $45.00 and set an "outperform" rating for the company in a research note on Monday, August 8th. DA Davidson dropped their price objective on Franchise Group to $55.00 in a research note on Tuesday, August 9th. Finally, B. Riley dropped their price objective on Franchise Group from $63.00 to $49.00 in a research note on Friday, August 5th.
Get Franchise Group alerts:Franchise Group Stock Performance
The company has a market capitalization of $980.75 million, a price-to-earnings ratio of 2.80, a price-to-earnings-growth ratio of 0.40 and a beta of 1.58. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.52 and a quick ratio of 0.67. The stock has a 50 day moving average price of $33.02 and a two-hundred day moving average price of $36.33.
Franchise Group (NASDAQ:FRG – Get Rating) last announced its earnings results on Thursday, August 4th. The company reported $1.19 earnings per share for the quarter, missing analysts' consensus estimates of $1.23 by ($0.04). The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.14 billion. Franchise Group had a net margin of 9.11% and a return on equity of 23.71%. The business's quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 earnings per share. On average, analysts predict that Franchise Group, Inc. will post 4.02 EPS for the current fiscal year.Franchise Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a $0.625 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $2.50 dividend on an annualized basis and a yield of 10.29%. Franchise Group's payout ratio is 28.80%.
Institutional Trading of Franchise Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hussman Strategic Advisors Inc. bought a new position in Franchise Group during the second quarter worth about $544,000. B. Riley Wealth Management Inc. bought a new position in Franchise Group during the second quarter worth about $2,445,000. Prelude Capital Management LLC boosted its holdings in Franchise Group by 18.0% during the second quarter. Prelude Capital Management LLC now owns 92,906 shares of the company's stock worth $3,258,000 after buying an additional 14,149 shares during the last quarter. Legal & General Group Plc boosted its holdings in Franchise Group by 10.8% during the second quarter. Legal & General Group Plc now owns 10,076 shares of the company's stock worth $354,000 after buying an additional 981 shares during the last quarter. Finally, ExodusPoint Capital Management LP boosted its holdings in Franchise Group by 254.8% during the second quarter. ExodusPoint Capital Management LP now owns 152,780 shares of the company's stock worth $5,358,000 after buying an additional 109,723 shares during the last quarter. 82.72% of the stock is currently owned by institutional investors and hedge funds.
Franchise Group Company Profile
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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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