B. Riley Asset Management LLC Buys Shares of 76,953 Franchise Group, Inc. (NASDAQ:FRG)

B. Riley Asset Management LLC bought a new stake in shares of Franchise Group, Inc. (NASDAQ:FRGGet Rating) during the 4th quarter, Holdings Channel reports. The firm bought 76,953 shares of the company’s stock, valued at approximately $4,014,000. Franchise Group comprises 1.7% of B. Riley Asset Management LLC’s investment portfolio, making the stock its 13th biggest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Financial Management Professionals Inc. bought a new position in shares of Franchise Group in the 4th quarter worth approximately $65,000. Royal Bank of Canada lifted its stake in shares of Franchise Group by 29.3% in the 2nd quarter. Royal Bank of Canada now owns 1,953 shares of the company’s stock worth $68,000 after purchasing an additional 442 shares during the period. Advisor Group Holdings Inc. lifted its stake in shares of Franchise Group by 7,203.7% in the 3rd quarter. Advisor Group Holdings Inc. now owns 1,972 shares of the company’s stock worth $70,000 after purchasing an additional 1,945 shares during the period. Captrust Financial Advisors lifted its stake in shares of Franchise Group by 44.9% in the 3rd quarter. Captrust Financial Advisors now owns 1,985 shares of the company’s stock worth $71,000 after purchasing an additional 615 shares during the period. Finally, Lazard Asset Management LLC bought a new position in shares of Franchise Group in the 4th quarter worth approximately $105,000. Institutional investors and hedge funds own 45.51% of the company’s stock.

In other Franchise Group news, CEO Brian Randall Kahn bought 100,000 shares of the business’s stock in a transaction that occurred on Monday, May 9th. The stock was purchased at an average cost of $37.50 per share, with a total value of $3,750,000.00. Following the completion of the acquisition, the chief executive officer now owns 8,864,610 shares in the company, valued at approximately $332,422,875. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Patrick A. Cozza bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 11th. The stock was acquired at an average cost of $42.50 per share, with a total value of $85,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 106,000 shares of company stock valued at $3,999,000. Insiders own 30.10% of the company’s stock.

FRG traded up $0.27 during trading on Friday, reaching $38.08. 209,449 shares of the company traded hands, compared to its average volume of 232,597. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.32. Franchise Group, Inc. has a 12-month low of $32.12 and a 12-month high of $55.10. The firm has a fifty day simple moving average of $40.57 and a 200 day simple moving average of $45.28. The company has a market cap of $1.54 billion, a P/E ratio of 4.41, a PEG ratio of 0.48 and a beta of 1.77.

Franchise Group (NASDAQ:FRGGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.20. Franchise Group had a net margin of 9.61% and a return on equity of 27.62%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the firm posted $0.90 EPS. The company’s revenue was up 82.7% on a year-over-year basis. As a group, sell-side analysts expect that Franchise Group, Inc. will post 5 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Friday, April 1st were issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date of this dividend was Thursday, March 31st. Franchise Group’s dividend payout ratio (DPR) is currently 28.97%.

Several brokerages have recently weighed in on FRG. Zacks Investment Research upgraded shares of Franchise Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. B. Riley reduced their target price on shares of Franchise Group from $65.00 to $63.00 in a report on Friday, May 6th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $59.40.

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

Want to see what other hedge funds are holding FRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franchise Group, Inc. (NASDAQ:FRGGet Rating).

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

Receive News & Ratings for Franchise Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franchise Group and related companies with MarketBeat.com's FREE daily email newsletter.