The stock of Franchise Group Inc. (NASDAQ:FRG) last traded at $27.91, down -8.94% from the previous session.
As we calculate the median target price by taking the range between a high of $46.00 and a low of $28.00, we find $40.00. Given the previous closing price of $30.65, this indicates a potential upside of 30.51 percent. FRG stock price is now 6.96% away from the 50-day moving average and -14.33% away from the 200-day moving average. The market capitalization of the company currently stands at $1.04B.
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Brokers who have rated the stock have averaged $38.20 as their price target over the next twelve months.
With the price target of $50, Oppenheimer recently initiated with Outperform rating for Franchise Group Inc. (NASDAQ: FRG). On January 25, 2021, Barrington Research reiterated its ‘Outperform’ rating on the stock by increasing its target price from $33 to quote $40, while ‘CJS Securities’ rates the stock as ‘Market Outperform’.
In other news, Laurence Andrew M, EXECUTIVE VICE PRESIDENT bought 109 shares of the company’s stock on Aug 15. The stock was bought for $3,449 at an average price of $31.64. Upon completion of the transaction, the EXECUTIVE VICE PRESIDENT now directly owns 431,258 shares in the company, valued at $12.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 09, Chief Executive Officer KAHN BRIAN RANDALL bought 100,000 shares of the business’s stock. A total of $3,750,000 was incurred on buying the stock at an average price of $37.50. This leaves the insider owning 8,864,610 shares of the company worth $247.41 million. Insiders disposed of 302,420 shares of company stock worth roughly $8.44 million over the past 1 year. A total of 25.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FRG stock. A new stake in Franchise Group Inc. shares was purchased by CAPITAL MANAGEMENT CORP /VA during the first quarter worth $15,573,000. NATIONAL BANK OF CANADA /FI/ invested $2,791,000 in shares of FRG during the first quarter. In the first quarter, PARALLAX VOLATILITY ADVISERS, L.P. acquired a new stake in Franchise Group Inc. valued at approximately $1,845,000. BALYASNY ASSET MANAGEMENT LLC acquired a new stake in FRG for approximately $1,784,000. DYNAMIC TECHNOLOGY LAB PRIVATE LTD purchased a new stake in FRG valued at around $1,052,000 in the second quarter. In total, there are 218 active investors with 81.70% ownership of the company’s stock.
With an opening price of $30.96 on Thursday morning, Franchise Group Inc. (NASDAQ: FRG) set off the trading day. During the past 12 months, Franchise Group Inc. has had a low of $22.67 and a high of $53.56. As of last week, the company has a debt-to-equity ratio of 3.08, a current ratio of 1.40, and a quick ratio of 0.60. The fifty day moving average price for FRG is $26.09 and a two-hundred day moving average price translates $32.58 for the stock.
The latest earnings results from Franchise Group Inc. (NASDAQ: FRG) was released for Jun, 2022. According to the Personal Services Company, earnings per share came in at $1.19, missing analysts’ expectations of $1.28 by -0.09. This compares to $3.13 EPS in the same period last year. The net profit margin was 1.70% and return on equity was 10.30% for FRG. The company reported revenue of $1.05 billion for the quarter, compared to $828.83 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.86 percent. For the current quarter, analysts expect FRG to generate $1.02B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/17/2023. Investors who held shares on 01/03/2023 were paid a $0.625 dividend. On an annualized basis, this represents a $2.50 dividend and a 8.96% percent yield. There was an ex-dividend date of 12/30/2022 for this dividend. In terms of dividend payout ratio, FRG is presently at 140.30%.
Franchise Group Inc.(FRG) Company Profile
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. The Pet Supplies Plus segment operates as an omnichannel retail chain and franchisor of pet supplies and services that includes premium brands, proprietary private labels, and specialty products, as well as offers grooming, pet wash, and other services. The Badcock segment operates as a specialty retailer of furniture, appliances, bedding, electronics, home office equipment, accessories, and seasonal items in a showroom format; and offers multiple and flexible payment solutions and credit options through its consumer financing services. The American Freight segment operates a retail chain the provides in-store and online access to furniture, mattresses, new and out-of-box home appliances, and home accessories; and serves as a liquidation channel for appliance vendors. The Buddy’s segment operates as a specialty retailer of consumer electronic, residential furniture, appliances, and household accessories through rent-to-own agreements. The Sylvan segment establishes and grows as a franchisor of supplemental education for Pre-K-12 students and families in the United States and Canada. The company was formerly known as Liberty Tax, Inc., and changed its name to Franchise Group, Inc. in September 2019. Franchise Group, Inc. was incorporated in 2010 and is headquartered in Delaware, Ohio.
