Franchise Group (NASDAQ:FRG – Get Rating) announced its earnings results on Thursday. The company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.04), Briefing.com reports. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.14 billion. Franchise Group had a return on equity of 24.13% and a net margin of 9.11%. The firm’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.16 earnings per share. Franchise Group updated its FY 2022 guidance to $4.00-$4.00 EPS and its FY22 guidance to $4.00 EPS.
Franchise Group Trading Down 8.1 %
Shares of NASDAQ:FRG traded down $2.78 during midday trading on Friday, reaching $31.34. The company’s stock had a trading volume of 988,844 shares, compared to its average volume of 331,146. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 3.61, a PEG ratio of 0.46 and a beta of 1.61. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.75 and a current ratio of 1.42. The firm has a 50 day moving average price of $35.13 and a two-hundred day moving average price of $39.84. Franchise Group has a fifty-two week low of $29.66 and a fifty-two week high of $55.10.
Franchise Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 7.98%. The ex-dividend date of this dividend is Thursday, September 29th. Franchise Group’s dividend payout ratio is 28.80%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in FRG. Great West Life Assurance Co. Can raised its stake in Franchise Group by 44.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 2,308 shares of the company’s stock worth $100,000 after buying an additional 707 shares during the period. Advisor Group Holdings Inc. increased its holdings in Franchise Group by 62.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,731 shares of the company’s stock worth $113,000 after purchasing an additional 1,048 shares in the last quarter. HighTower Advisors LLC bought a new stake in Franchise Group during the 1st quarter worth approximately $226,000. Jane Street Group LLC bought a new stake in Franchise Group during the 1st quarter worth approximately $242,000. Finally, KB Financial Partners LLC increased its holdings in Franchise Group by 24.3% during the 1st quarter. KB Financial Partners LLC now owns 7,324 shares of the company’s stock worth $303,000 after purchasing an additional 1,432 shares in the last quarter. 45.51% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, B. Riley cut their target price on Franchise Group from $63.00 to $49.00 in a report on Friday.
About Franchise Group
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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