Franchise Group Inc. (NASDAQ:FRG) shares traded -4.92% lower at $25.90 on Wall Street last session.
FRG stock price is now -11.72% away from the 50-day moving average and -15.53% away from the 200-day moving average. The market capitalization of the company currently stands at $943.80M.
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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, EVANS K TODD, CHIEF FRANCHISING OFFICER bought 389 shares of the company’s stock on Mar 02. The stock was bought for $12,308 at an average price of $31.64. Upon completion of the transaction, the CHIEF FRANCHISING OFFICER now directly owns 38,961 shares in the company, valued at $1.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 23, Director Avril Matthew E bought 138 shares of the business’s stock. A total of $4,365 was incurred on buying the stock at an average price of $31.63. This leaves the insider owning 123,620 shares of the company worth $3.2 million. Insiders disposed of 292,993 shares of company stock worth roughly $7.59 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 SOLAS CAPITAL MANAGEMENT, LLC during the first quarter worth $6,726,000. SQUAREPOINT OPS LLC invested $3,525,000 in shares of FRG during the first quarter. In the first quarter, TWINBEECH CAPITAL LP acquired a new stake in Franchise Group Inc. valued at approximately $1,132,000. WOLVERINE TRADING, LLC acquired a new stake in FRG for approximately $771,000. EP WEALTH ADVISORS, LLC purchased a new stake in FRG valued at around $657,000 in the second quarter. In total, there are 212 active investors with 81.70% ownership of the company’s stock.
Franchise Group Inc. (NASDAQ: FRG) opened at $26.51 on Monday. During the past 12 months, Franchise Group Inc. has had a low of $22.67 and a high of $44.77. As of last week, the company has a debt-to-equity ratio of 4.34, a current ratio of 1.40, and a quick ratio of 0.60. The fifty day moving average price for FRG is $29.34 and a two-hundred day moving average price translates $30.66 for the stock.
The latest earnings results from Franchise Group Inc. (NASDAQ: FRG) was released for Sep, 2022. According to the Specialty Retail Company, earnings per share came in at $0.59, missing analysts’ expectations of $0.71 by -0.12. This compares to -$0.13 EPS in the same period last year. The net profit margin was -1.80% and return on equity was -12.40% for FRG. The company reported revenue of $1.12 billion for the quarter, compared to $942.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.42 percent. For the current quarter, analysts expect FRG to generate $1.03B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/14/2023. Investors who held shares on 03/31/2023 were paid a $0.625 dividend. On an annualized basis, this represents a $2.50 dividend and a 9.65% percent yield. There was an ex-dividend date of 03/30/2023 for this dividend.
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.
