Franchise Group (NASDAQ:FRG) Trading Down 6.8%

Franchise Group, Inc. (NASDAQ:FRG – Get Rating)’s share price traded down 6.8% during trading on Friday . The stock traded as low as $23.20 and last traded at $23.20. 158,265 shares were traded during mid-day trading, a decline of 67% from the average session volume of 485,672 shares. The stock had previously closed at $24.88.

Franchise Group Trading Down 8.6 %

The company has a debt-to-equity ratio of 3.26, a current ratio of 1.39 and a quick ratio of 0.61. The firm has a market capitalization of $794.66 million, a PE ratio of -11.49, a price-to-earnings-growth ratio of 0.58 and a beta of 1.73. The business’s 50-day moving average price is $29.33 and its 200-day moving average price is $28.07.

Franchise Group (NASDAQ:FRG – Get Rating) last announced its earnings results on Tuesday, February 28th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.30. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.03 billion. Franchise Group had a negative net margin of 1.56% and a positive return on equity of 23.28%. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period last year, the firm posted $0.77 earnings per share. As a group, analysts expect that Franchise Group, Inc. will post 2.82 earnings per share for the current fiscal year.

Franchise Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 10.99%. The ex-dividend date is Thursday, March 30th. Franchise Group’s dividend payout ratio is presently -126.26%.

Hedge Funds Weigh In On Franchise Group

A number of hedge funds and other institutional investors have recently bought and sold shares of FRG. Lazard Asset Management LLC purchased a new position in Franchise Group in the 2nd quarter valued at $29,000. Citigroup Inc. grew its position in Franchise Group by 89.0% in the 4th quarter. Citigroup Inc. now owns 2,202 shares of the company’s stock valued at $52,000 after buying an additional 1,037 shares during the last quarter. Clearstead Advisors LLC purchased a new position in Franchise Group in the 2nd quarter valued at $70,000. Ensign Peak Advisors Inc purchased a new position in Franchise Group in the 3rd quarter valued at $77,000. Finally, Great West Life Assurance Co. Can grew its position in Franchise Group by 44.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 2,308 shares of the company’s stock valued at $100,000 after buying an additional 707 shares during the last quarter. 53.80% of the stock is currently owned by hedge funds and other institutional investors.

About Franchise Group

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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, Pet Supplies Plus, Badcock, Sylvan and Buddy’s. The company was founded by Danny Hewitt and John T.