Steward Partners Investment Advisory LLC Grows Stake in Franchise Group, Inc. (NASDAQ:FRG)

Steward Partners Investment Advisory LLC grew its position in shares of Franchise Group, Inc. (NASDAQ:FRGGet Rating) by 75.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,278 shares of the company’s stock after purchasing an additional 27,632 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Franchise Group were worth $3,353,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Financial Management Professionals Inc. purchased a new position in Franchise Group in the fourth quarter worth $65,000. Royal Bank of Canada grew its position in Franchise Group by 29.3% in the second quarter. Royal Bank of Canada now owns 1,953 shares of the company’s stock worth $68,000 after acquiring an additional 442 shares in the last quarter. Advisor Group Holdings Inc. grew its position in Franchise Group by 7,203.7% in the third quarter. Advisor Group Holdings Inc. now owns 1,972 shares of the company’s stock worth $70,000 after acquiring an additional 1,945 shares in the last quarter. Captrust Financial Advisors grew its position in Franchise Group by 44.9% in the third quarter. Captrust Financial Advisors now owns 1,985 shares of the company’s stock worth $71,000 after acquiring an additional 615 shares in the last quarter. Finally, UBS Group AG grew its position in Franchise Group by 106.7% in the third quarter. UBS Group AG now owns 4,034 shares of the company’s stock worth $143,000 after acquiring an additional 2,082 shares in the last quarter. Institutional investors own 47.41% of the company’s stock.

Separately, Zacks Investment Research lowered shares of Franchise Group from a “hold” rating to a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Franchise Group currently has a consensus rating of “Buy” and a consensus price target of $59.80.

NASDAQ FRG opened at $37.29 on Friday. The company has a 50-day simple moving average of $41.45 and a two-hundred day simple moving average of $45.28. The company has a quick ratio of 0.72, a current ratio of 1.32 and a debt-to-equity ratio of 1.81. Franchise Group, Inc. has a 12-month low of $32.12 and a 12-month high of $55.10. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 4.30, a PEG ratio of 0.51 and a beta of 1.80.

Franchise Group (NASDAQ:FRGGet Rating) last released its quarterly earnings results on Wednesday, February 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.02. Franchise Group had a net margin of 11.18% and a return on equity of 27.31%. The company had revenue of $942.80 million during the quarter, compared to the consensus estimate of $849.32 million. During the same period in the prior year, the firm earned ($0.12) earnings per share. Franchise Group’s revenue was up 90.0% on a year-over-year basis. Equities analysts expect that Franchise Group, Inc. will post 4.95 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Friday, April 1st were paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 6.70%. The ex-dividend date of this dividend was Thursday, March 31st. Franchise Group’s payout ratio is currently 28.84%.

In other Franchise Group news, Director Patrick A. Cozza acquired 4,000 shares of the business’s stock in a transaction on Monday, March 7th. The shares were acquired at an average price of $41.00 per share, for a total transaction of $164,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patrick A. Cozza acquired 2,000 shares of the business’s stock in a transaction on Friday, March 11th. The stock was acquired at an average price of $42.50 per share, for a total transaction of $85,000.00. The disclosure for this purchase can be found here. 30.10% of the stock is owned by corporate insiders.

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.

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

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