UBS Asset Management Americas Inc. Acquires 9,612 Shares of Franchise Group, Inc. (NASDAQ:FRG)

UBS Asset Management Americas Inc. increased its position in shares of Franchise Group, Inc. (NASDAQ:FRG) by 65.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,212 shares of the company’s stock after acquiring an additional 9,612 shares during the period. UBS Asset Management Americas Inc. owned about 0.06% of Franchise Group worth $854,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tradition Wealth Management LLC boosted its position in shares of Franchise Group by 56.7% during the 2nd quarter. Tradition Wealth Management LLC now owns 846 shares of the company’s stock worth $30,000 after acquiring an additional 306 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Franchise Group by 123.2% during the 1st quarter. Royal Bank of Canada now owns 1,511 shares of the company’s stock worth $54,000 after acquiring an additional 834 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Franchise Group by 31.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,222 shares of the company’s stock worth $78,000 after acquiring an additional 529 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Franchise Group during the 2nd quarter worth approximately $130,000. Finally, Legal & General Group Plc boosted its position in shares of Franchise Group by 43.0% during the 2nd quarter. Legal & General Group Plc now owns 4,076 shares of the company’s stock worth $143,000 after acquiring an additional 1,225 shares in the last quarter. Institutional investors and hedge funds own 73.06% of the company’s stock.

A number of analysts have weighed in on FRG shares. Zacks Investment Research upgraded shares of Franchise Group from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Thursday, November 4th. B. Riley raised their target price on shares of Franchise Group from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday. Aegis raised their target price on shares of Franchise Group from $50.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Barrington Research raised their target price on shares of Franchise Group from $48.00 to $58.00 and gave the company an “outperform” rating in a research report on Tuesday. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $53.00.

Shares of NASDAQ:FRG opened at $49.07 on Thursday. The firm has a market cap of $1.98 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 0.79 and a beta of 1.86. The firm’s fifty day moving average is $39.85 and its 200-day moving average is $36.93. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.49 and a current ratio of 1.46. Franchise Group, Inc. has a 52 week low of $25.28 and a 52 week high of $52.17.

Franchise Group (NASDAQ:FRG) last issued its quarterly earnings results on Tuesday, November 2nd. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.17. Franchise Group had a net margin of 7.56% and a return on equity of 25.25%. During the same quarter last year, the firm earned ($0.22) EPS. Sell-side analysts forecast that Franchise Group, Inc. will post 3.81 EPS for the current year.

About Franchise Group

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, Liberty Tax and Buddy’s. The Vitamin Shoppe segment is an omni-channel specialty retailer of vitamins, herbs, specialty supplements, sports nutrition and other health and wellness products.

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

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