BidaskClub Lowers Franchise Group (NYSE:FRG) to Sell

Franchise Group (NYSE:FRG) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, BidAskClub reports.

Several other research analysts have also recently commented on FRG. CJS Securities initiated coverage on shares of Franchise Group in a report on Tuesday, December 15th. They issued an “outperform” rating and a $40.00 target price for the company. Zacks Investment Research cut shares of Franchise Group from a “hold” rating to a “sell” rating in a report on Wednesday, November 11th. B. Riley initiated coverage on shares of Franchise Group in a report on Friday, September 18th. They set a “buy” rating and a $34.00 price target for the company. DA Davidson initiated coverage on shares of Franchise Group in a report on Thursday, October 8th. They set a “buy” rating and a $35.00 price target for the company. Finally, Barrington Research initiated coverage on shares of Franchise Group in a research note on Wednesday, September 2nd. They issued an “outperform” rating and a $33.00 target price for the company. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Franchise Group currently has an average rating of “Hold” and an average price target of $33.83.

Shares of FRG opened at $30.45 on Thursday. The firm’s 50 day moving average is $27.29 and its 200-day moving average is $25.06. Franchise Group has a 12-month low of $5.75 and a 12-month high of $30.75.

Franchise Group (NYSE:FRG) last announced its quarterly earnings data on Wednesday, November 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.43). The firm had revenue of $550.99 million for the quarter, compared to the consensus estimate of $550.00 million.

Several large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can bought a new position in Franchise Group during the second quarter worth $32,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Franchise Group in the 2nd quarter valued at $131,000. UBS Group AG boosted its stake in shares of Franchise Group by 199.9% in the 2nd quarter. UBS Group AG now owns 6,115 shares of the company’s stock valued at $134,000 after purchasing an additional 4,076 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Franchise Group in the 2nd quarter valued at $228,000. Finally, Raymond James & Associates acquired a new stake in shares of Franchise Group in the 3rd quarter valued at $228,000.

About Franchise Group

Franchise Group, Inc operates as a retailer, franchisor operator, and acquirer of franchised and franchisable businesses. It operates through 4 segments: Liberty Tax, Buddy's, Sears Outlet, and Vitamin Shoppe. The company provides tax preparation services in the United States and Canada; and franchises and operates rent-to-own stores that lease durable goods, such as electronics, residential furniture, appliances, and household accessories to customers.

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Analyst Recommendations for Franchise Group (NYSE:FRG)

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