Dimensional Fund Advisors LP Raises Stock Position in Franchise Group, Inc. (NASDAQ:FRG)

Dimensional Fund Advisors LP boosted its position in shares of Franchise Group, Inc. (NASDAQ:FRG - Get Rating) by 18.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 609,516 shares of the company's stock after acquiring an additional 94,675 shares during the period. Dimensional Fund Advisors LP owned 1.60% of Franchise Group worth $14,519,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. LGT Group Foundation raised its holdings in shares of Franchise Group by 7.6% in the 4th quarter. LGT Group Foundation now owns 284,728 shares of the company's stock valued at $6,782,000 after acquiring an additional 20,045 shares in the last quarter. Citigroup Inc. lifted its position in Franchise Group by 89.0% during the fourth quarter. Citigroup Inc. now owns 2,202 shares of the company's stock valued at $52,000 after purchasing an additional 1,037 shares during the last quarter. UBS Group AG grew its position in Franchise Group by 113.9% in the fourth quarter. UBS Group AG now owns 38,513 shares of the company's stock worth $917,000 after acquiring an additional 20,509 shares in the last quarter. Herr Investment Group LLC purchased a new position in Franchise Group in the fourth quarter worth $476,000. Finally, Swiss National Bank grew its position in Franchise Group by 1.8% in the fourth quarter. Swiss National Bank now owns 68,200 shares of the company's stock worth $1,625,000 after acquiring an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 53.80% of the company's stock.

FRG has been the topic of several research reports. Barrington Research downgraded shares of Franchise Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 15th. DA Davidson cut Franchise Group from a "buy" rating to a "neutral" rating in a research note on Wednesday, May 10th.

Franchise Group stock opened at $29.46 on Wednesday. The stock's 50 day moving average is $28.44 and its 200 day moving average is $27.89. Franchise Group, Inc. has a twelve month low of $22.45 and a twelve month high of $44.25. The company has a debt-to-equity ratio of 5.02, a quick ratio of 0.54 and a current ratio of 1.26.

Franchise Group (NASDAQ:FRG - Get Rating) last announced its quarterly earnings data on Wednesday, May 10th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.27). The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. Franchise Group had a negative net margin of 4.33% and a positive return on equity of 19.43%. As a group, sell-side analysts predict that Franchise Group, Inc. will post 2.37 earnings per share for the current fiscal year.

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, Pet Supplies Plus, Badcock, Sylvan and Buddy's. The company was founded by Danny Hewitt and John T.

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