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Recommendations
Franchise Group price target raised to $65 from $58 at Barrington » 13:53
12/08/21
12/08
13:53
12/08/21
13:53
FRG

Franchise Group

$53.48 /

+4.33 (+8.81%)

Barrington analyst…

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FRG Franchise Group
$53.48 /

+4.33 (+8.81%)

FRG Franchise Group
$53.48 /

+4.33 (+8.81%)

07:48 Today B. Riley
B. Riley remains buyer of Franchise Group after outlook tops estimates
11/23/21 B. Riley
Franchise Group price target raised to $65 from $58 at B. Riley
11/23/21 Barrington
Franchise Group price target raised to $58 from $48 at Barrington
11/08/21 B. Riley
Franchise Group price target raised to $58 from $46 at B. Riley
FRG Franchise Group
$53.48 /

+4.33 (+8.81%)

Recommendations
B. Riley remains buyer of Franchise Group after outlook tops estimates » 07:48
12/08/21
12/08
07:48
12/08/21
07:48
FRG

Franchise Group

$49.11 /

+0.855 (+1.77%)

B. Riley analyst Susan…

B. Riley analyst Susan Anderson reiterates a Buy rating on Franchise Group with a $65 price target after the company announced a 67% dividend hike and fiscal 2022 financial outlook which topped Street estimates. The company continues to make progress in "finding reasonable acquisitions that drive strong cash flow" that allows management to pay down debt along with allowing for the ability to raise dividends, Anderson tells investors in a research note. The analyst remains a buyer of the stock.

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FRG Franchise Group
$49.11 /

+0.855 (+1.77%)

FRG Franchise Group
$49.11 /

+0.855 (+1.77%)

11/23/21 B. Riley
Franchise Group price target raised to $65 from $58 at B. Riley
11/23/21 Barrington
Franchise Group price target raised to $58 from $48 at Barrington
11/08/21 B. Riley
Franchise Group price target raised to $58 from $46 at B. Riley
04/21/21 Oppenheimer
Opco starts Franchise Group at Outperform, sees 'interesting' opportunity
FRG Franchise Group
$49.11 /

+0.855 (+1.77%)

Hot Stocks
Franchise Group boosts dividend 67% to 62.5c per share » 07:44
12/08/21
12/08
07:44
12/08/21
07:44
FRG

Franchise Group

$49.11 /

+0.855 (+1.77%)

Franchise Group yesterday…

Franchise Group yesterday announced that its board approved a 67% increase to its quarterly cash dividend to common stockholders of 6.25c per share. The dividend will be paid on or about January 15, to holders of record of the company's common stock on the close of business on December 31, 2021.

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FRG Franchise Group
$49.11 /

+0.855 (+1.77%)

FRG Franchise Group
$49.11 /

+0.855 (+1.77%)

11/23/21 B. Riley
Franchise Group price target raised to $65 from $58 at B. Riley
11/23/21 Barrington
Franchise Group price target raised to $58 from $48 at Barrington
11/08/21 B. Riley
Franchise Group price target raised to $58 from $46 at B. Riley
04/21/21 Oppenheimer
Opco starts Franchise Group at Outperform, sees 'interesting' opportunity
FRG Franchise Group
$49.11 /

+0.855 (+1.77%)

Tuesday
Hot Stocks
Franchise Group to sale of W.S. Badcock non-core assets by 2Q22 » 16:13
12/07/21
12/07
16:13
12/07/21
16:13
FRG

Franchise Group

$49.11 /

+0.855 (+1.77%)

Franchise Group…

Franchise Group anticipates it will complete sale of non-core assets acquired from W.S. Badcock by end of its Fiscal 2Q of 2022 and will reduce net debt from approximately $1.7 B today to approximately $1.1 B of net debt by FY22-end.

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FRG Franchise Group
$49.11 /

+0.855 (+1.77%)

FRG Franchise Group
$49.11 /

+0.855 (+1.77%)

11/23/21 B. Riley
Franchise Group price target raised to $65 from $58 at B. Riley
11/23/21 Barrington
Franchise Group price target raised to $58 from $48 at Barrington
11/08/21 B. Riley
Franchise Group price target raised to $58 from $46 at B. Riley
04/21/21 Oppenheimer
Opco starts Franchise Group at Outperform, sees 'interesting' opportunity
FRG Franchise Group
$49.11 /

+0.855 (+1.77%)

Earnings
Franchise Group sees FY22 EPS approximately $5.00, consensus $4.54 » 16:09
12/07/21
12/07
16:09
12/07/21
16:09
FRG

Franchise Group

$49.12 /

+0.87 (+1.80%)

Sees FY22 revenue…

Sees FY22 revenue $4.45B, consensus $4.01B

ShowHide Related Items >><<
FRG Franchise Group
$49.12 /

+0.87 (+1.80%)

FRG Franchise Group
$49.12 /

+0.87 (+1.80%)

11/23/21 B. Riley
Franchise Group price target raised to $65 from $58 at B. Riley
11/23/21 Barrington
Franchise Group price target raised to $58 from $48 at Barrington
11/08/21 B. Riley
Franchise Group price target raised to $58 from $46 at B. Riley
04/21/21 Oppenheimer
Opco starts Franchise Group at Outperform, sees 'interesting' opportunity
FRG Franchise Group
$49.12 /

+0.87 (+1.80%)

Over a week ago
Recommendations
Franchise Group price target raised to $65 from $58 at B. Riley » 08:18
11/23/21
11/23
08:18
11/23/21
08:18
FRG

Franchise Group

$49.93 /

+4.83 (+10.71%)

B. Riley analyst Susan…

B. Riley analyst Susan Anderson raised the firm's price target on Franchise Group to $65 from $58 and keeps a Buy rating on the shares following completion of the W.S. Badcock acquisition. The analyst believes the acquisition continues to build on Franchise Group's core business of acquiring companies "at reasonable prices that are strong cash flow generators, asset-light, and have an opportunity to drive synergies."

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FRG Franchise Group
$49.93 /

+4.83 (+10.71%)

FRG Franchise Group
$49.93 /

+4.83 (+10.71%)

11/23/21 Barrington
Franchise Group price target raised to $58 from $48 at Barrington
11/08/21 B. Riley
Franchise Group price target raised to $58 from $46 at B. Riley
04/21/21 Oppenheimer
Opco starts Franchise Group at Outperform, sees 'interesting' opportunity
04/21/21 Oppenheimer
Franchise Group initiated with an Outperform at Oppenheimer
FRG Franchise Group
$49.93 /

+4.83 (+10.71%)

Recommendations
Franchise Group price target raised to $58 from $48 at Barrington » 08:02
11/23/21
11/23
08:02
11/23/21
08:02
FRG

Franchise Group

$49.93 /

+4.83 (+10.71%)

Barrington analyst…

Barrington analyst Alexander Paris raised the firm's price target on Franchise Group to $58 from $48 and keeps an Outperform rating on the shares after the company completed the acquisition of W.S. Badcock. Besides the standalone earnings accretion, the addition of Badcock adds scale to, and anticipated synergies with, Franchise Group's existing home furnishings franchise brands, Paris tells investors in a research note.

ShowHide Related Items >><<
FRG Franchise Group
$49.93 /

+4.83 (+10.71%)

FRG Franchise Group
$49.93 /

+4.83 (+10.71%)

11/08/21 B. Riley
Franchise Group price target raised to $58 from $46 at B. Riley
04/21/21 Oppenheimer
Opco starts Franchise Group at Outperform, sees 'interesting' opportunity
04/21/21 Oppenheimer
Franchise Group initiated with an Outperform at Oppenheimer
03/11/21 Barrington
Franchise Group price target raised to $48 from $40 at Barrington
FRG Franchise Group
$49.93 /

+4.83 (+10.71%)

Hot Stocks
Franchise Group acquires W.S. Badcock in $580M all cash transaction » 08:48
11/22/21
11/22
08:48
11/22/21
08:48
FRG

Franchise Group

$45.12 /

-0.18 (-0.40%)

Franchise Group announced…

Franchise Group announced that it has completed the acquisition of W.S. Badcock Corporation in an all cash transaction valued at approximately $580M Founded in 1904, W.S. Badcock Corporation operates 383 stores in eight southeastern states comprised of 68 corporate locations and 315 independent dealer owned stores. The stores are branded "Badcock Home Furniture & more" and carry a complete line of furniture, appliances, bedding, electronics, home office equipment, accessories and seasonal items. For Badcock's fiscal year end June 30, 2021, Badcock generated consolidated revenue of approximately $901.9M and Adjusted EBITDA of approximately $139.5M. Revenue and Adjusted EBITDA include financial results from all three discrete Badcock businesses. It is important to note that Franchise Group believes that Badcock's consolidated Adjusted EBITDA for its last fiscal year, benefited indirectly by up to $50 million due to its customers receiving COVID-19 related government stimulus payments in 2021. Badcock will be included in Franchise Group's financial results for about one month of fiscal year 2021 and will not have a material impact on fiscal year 2021 results. For fiscal year 2022, Franchise Group expects the Transaction will be at least $0.50 accretive to Non-GAAP EPS. Franchise Group is completing its 2022 budgeting process and will provide its 2022 financial outlook, as well as additional details regarding Badcock in the first half of December 2021. J.P. Morgan arranged for $575M in new term loans to finance the Transaction.

ShowHide Related Items >><<
FRG Franchise Group
$45.12 /

-0.18 (-0.40%)

FRG Franchise Group
$45.12 /

-0.18 (-0.40%)

11/08/21 B. Riley
Franchise Group price target raised to $58 from $46 at B. Riley
04/21/21 Oppenheimer
Opco starts Franchise Group at Outperform, sees 'interesting' opportunity
04/21/21 Oppenheimer
Franchise Group initiated with an Outperform at Oppenheimer
03/11/21 Barrington
Franchise Group price target raised to $48 from $40 at Barrington
FRG Franchise Group
$45.12 /

-0.18 (-0.40%)

Over a month ago
Recommendations
Franchise Group price target raised to $58 from $46 at B. Riley » 08:48
11/08/21
11/08
08:48
11/08/21
08:48
FRG

Franchise Group

$45.01 /

+1.02 (+2.32%)

B. Riley analyst Susan…

B. Riley analyst Susan Anderson raised the firm's price target on Franchise Group to $58 from $46 and keeps a Buy rating on the shares. Given management's recent commentary around a potential acquisition coming in the near term, Anderson found Franchise Group could finance a nice size acquisition without going over 4x leverage and estimates every $20M of additional pretax income would add 33c/share to EPS for 2022, the analyst tells investors in a research note.

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FRG Franchise Group
$45.01 /

+1.02 (+2.32%)

FRG Franchise Group
$45.01 /

+1.02 (+2.32%)

04/21/21 Oppenheimer
Opco starts Franchise Group at Outperform, sees 'interesting' opportunity
04/21/21 Oppenheimer
Franchise Group initiated with an Outperform at Oppenheimer
03/11/21 Barrington
Franchise Group price target raised to $48 from $40 at Barrington
03/11/21 DA Davidson
Franchise Group price target raised to $49 from $40 at DA Davidson
FRG Franchise Group
$45.01 /

+1.02 (+2.32%)

Earnings
Franchise Group raises FY21 EPS view to at least $3.80 from at least $3.45 » 16:08
11/02/21
11/02
16:08
11/02/21
16:08
FRG

Franchise Group

$38.32 /

+0.17 (+0.45%)

Consensus $3.53. Raises…

Consensus $3.53. Raises FY21 revenue view to at least $3.1B from at least $3.05B, consensus $3.08B. The company said, "Franchise Group is increasing its expectations for annual Adjusted EBITDA for 2021 from at least $320 million to at least $325 million, Non-GAAP EPS from at least $3.45 per share to at least $3.80 per share and revenue from at least $3.05 billion to at least $3.1 billion. In calculating EPS, the Company is using approximately 41 million weighted average shares outstanding. Non-GAAP EPS is calculated by adding the tax effected impact of adjustments to EBITDA to net income on a per share basis. In calculating Non-GAAP EPS, the Company is currently using an effective tax rate of 18.5%."

ShowHide Related Items >><<
FRG Franchise Group
$38.32 /

+0.17 (+0.45%)

FRG Franchise Group
$38.32 /

+0.17 (+0.45%)

04/21/21 Oppenheimer
Opco starts Franchise Group at Outperform, sees 'interesting' opportunity
04/21/21 Oppenheimer
Franchise Group initiated with an Outperform at Oppenheimer
03/11/21 Barrington
Franchise Group price target raised to $48 from $40 at Barrington
03/11/21 DA Davidson
Franchise Group price target raised to $49 from $40 at DA Davidson
FRG Franchise Group
$38.32 /

+0.17 (+0.45%)

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