Franchise Group Inc. (NASDAQ:FRG) shares traded 0.57% higher at $29.85 on Wall Street last session.
In accordance with the data, 2 analysts cover Franchise Group Inc. (NASDAQ:FRG). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $30.00 and a low of $30.00, we find $30.00. Given the previous closing price of $29.68, this indicates a potential upside of 1.08 percent. FRG stock price is now 1.91% away from the 50-day moving average and 5.93% away from the 200-day moving average. The market capitalization of the company currently stands at $1.05B.
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It has been rated a hold by 2 analysts and a buy by 0. Brokers who have rated the stock have averaged $30.00 as their price target over the next twelve months.
With the price target maintained at $30, CJS Securities recently Downgraded its rating from Market Outperform to Market Perform for Franchise Group Inc. (NASDAQ: FRG).
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 $1.16 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 $3.69 million. Insiders disposed of 379,938 shares of company stock worth roughly $11.34 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 PENTWATER CAPITAL MANAGEMENT LP during the first quarter worth $53,730,000. MAGNETAR FINANCIAL LLC invested $49,496,000 in shares of FRG during the first quarter. In the first quarter, NOMURA HOLDINGS INC acquired a new stake in Franchise Group Inc. valued at approximately $41,106,000. GLAZER CAPITAL, LLC acquired a new stake in FRG for approximately $34,680,000. ALPINE ASSOCIATES MANAGEMENT INC. purchased a new stake in FRG valued at around $19,444,000 in the second quarter. In total, there are 203 active investors with 81.70% ownership of the company’s stock.
Franchise Group Inc. (NASDAQ: FRG) opened at $29.84 on Thursday. During the past 12 months, Franchise Group Inc. has had a low of $22.45 and a high of $37.92. As of last week, the company has a debt-to-equity ratio of 8.54, a current ratio of 1.40, and a quick ratio of 0.60. The fifty day moving average price for FRG is $29.30 and a two-hundred day moving average price translates $28.18 for the stock.
The latest earnings results from Franchise Group Inc. (NASDAQ: FRG) was released for Jun, 2023. According to the Specialty Retail Company, earnings per share came in at -$0.22, missing analysts’ expectations of $0.27 by -0.49. This compares to $1.00 EPS in the same period last year. The net profit margin was -6.70% and return on equity was -78.80% for FRG. The company reported revenue of $1.04 billion for the quarter, compared to $1.09 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.14 percent. For the current quarter, analysts expect FRG to generate $1.05B 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 8.38% percent yield. There was an ex-dividend date of 03/30/2023 for this dividend.
