Franchise Group, Inc. (NASDAQ:FRG) - Oppenheimer raised their FY2022 earnings estimates for shares of Franchise Group in a research report issued to clients and investors on Monday, November 22nd. Oppenheimer analyst I. Zaffino now forecasts that the company will earn $4.53 per share for the year, up from their prior estimate of $3.96. Franchise Group (NASDAQ:FRG) last posted its quarterly earnings results on Tuesday, November 2nd. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.17. Franchise Group had a return on equity of 25.25% and a net margin of 7.56%. During the same quarter in the previous year, the business posted ($0.22) EPS.
Several other research analysts also recently commented on the company. B. Riley raised their target price on Franchise Group from $58.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday. Barrington Research raised their target price on Franchise Group from $48.00 to $58.00 and gave the stock an "outperform" rating in a research note on Tuesday. Zacks Investment Research upgraded Franchise Group from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research note on Thursday, November 4th. Finally, Aegis raised their target price on Franchise Group from $50.00 to $61.00 and gave the stock a "buy" rating in a research note on Tuesday. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $53.00.
Shares of NASDAQ:FRG opened at $49.07 on Thursday. Franchise Group has a 1-year low of $25.28 and a 1-year high of $52.17. The stock has a market cap of $1.98 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 0.79 and a beta of 1.86. The stock's fifty day simple moving average is $39.85 and its two-hundred day simple moving average is $36.93. The company has a current ratio of 1.46, a quick ratio of 0.49 and a debt-to-equity ratio of 1.68.
A number of large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its position in Franchise Group by 0.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 330,648 shares of the company's stock worth $11,708,000 after buying an additional 2,370 shares during the last quarter. Captrust Financial Advisors lifted its position in Franchise Group by 44.9% in the 3rd quarter. Captrust Financial Advisors now owns 1,985 shares of the company's stock worth $71,000 after buying an additional 615 shares during the last quarter. Two Sigma Advisers LP lifted its position in Franchise Group by 55.6% in the 3rd quarter. Two Sigma Advisers LP now owns 11,200 shares of the company's stock worth $397,000 after buying an additional 4,000 shares during the last quarter. Two Sigma Investments LP lifted its position in Franchise Group by 149.9% in the 3rd quarter. Two Sigma Investments LP now owns 206,328 shares of the company's stock worth $7,306,000 after buying an additional 123,769 shares during the last quarter. Finally, UBS Group AG increased its stake in Franchise Group by 106.7% in the 3rd quarter. UBS Group AG now owns 4,034 shares of the company's stock worth $143,000 after purchasing an additional 2,082 shares during the period. Institutional investors own 73.06% of the company's stock.
About Franchise Group
Franchise Group, Inc is a holding company, which engages in the provision of tax return preparation and related services and products. It operates through the following segments: Vitamin Shoppe, American Freight, Liberty Tax and Buddy's. The Vitamin Shoppe segment is an omni-channel specialty retailer of vitamins, herbs, specialty supplements, sports nutrition and other health and wellness products.
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