Prelude Capital Management LLC Purchases 16,071 Shares of Franchise Group, Inc. (NASDAQ:FRG)

Prelude Capital Management LLC increased its position in shares of Franchise Group, Inc. (NASDAQ:FRGGet Rating) by 25.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,757 shares of the company’s stock after acquiring an additional 16,071 shares during the quarter. Prelude Capital Management LLC owned about 0.20% of Franchise Group worth $3,263,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FRG. Select Equity Group L.P. raised its stake in shares of Franchise Group by 36.7% during the 4th quarter. Select Equity Group L.P. now owns 770,927 shares of the company’s stock worth $40,212,000 after acquiring an additional 207,094 shares in the last quarter. LGT Group Foundation increased its stake in Franchise Group by 298.1% during the 1st quarter. LGT Group Foundation now owns 249,542 shares of the company’s stock valued at $10,379,000 after purchasing an additional 186,857 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Franchise Group during the 1st quarter valued at approximately $5,138,000. Capital Management Corp VA increased its stake in Franchise Group by 47.4% during the 1st quarter. Capital Management Corp VA now owns 335,873 shares of the company’s stock valued at $13,915,000 after purchasing an additional 108,023 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Franchise Group by 55.2% during the 1st quarter. Victory Capital Management Inc. now owns 290,129 shares of the company’s stock valued at $10,819,000 after purchasing an additional 103,248 shares in the last quarter. Institutional investors own 82.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on FRG shares. B. Riley cut their price target on shares of Franchise Group from $63.00 to $49.00 in a research note on Friday, August 5th. Oppenheimer cut their price target on shares of Franchise Group from $65.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, August 8th. Finally, DA Davidson cut their price target on shares of Franchise Group to $55.00 in a research note on Tuesday, August 9th.

Franchise Group Stock Up 4.3 %

NASDAQ:FRG opened at $36.69 on Friday. The firm has a market capitalization of $1.48 billion, a P/E ratio of 4.23, a PEG ratio of 0.61 and a beta of 1.58. Franchise Group, Inc. has a 1-year low of $29.66 and a 1-year high of $55.10. The company’s fifty day moving average price is $33.82 and its 200-day moving average price is $37.71. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.52 and a quick ratio of 0.67.

Franchise Group (NASDAQ:FRGGet Rating) last released its quarterly earnings data on Thursday, August 4th. The company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.04). The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.14 billion. Franchise Group had a return on equity of 23.71% and a net margin of 9.11%. The firm’s revenue was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.16 EPS. As a group, equities research analysts anticipate that Franchise Group, Inc. will post 4.02 EPS for the current year.

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. The ex-dividend date is Thursday, September 29th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 6.81%. Franchise Group’s payout ratio is currently 28.80%.

Franchise Group Profile

(Get Rating)

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.

See Also

Institutional Ownership by Quarter for Franchise Group (NASDAQ:FRG)

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