Friday Night’s (TGI) “Hold” Rating Reiterated at Cowen and Company
Cowen and Company reaffirmed their hold rating on shares of Friday Night (NYSE:TGI) in a research report sent to investors on Thursday morning. The firm currently has a $30.00 target price on the stock.
Other equities analysts also recently issued reports about the company. Robert W. Baird reaffirmed a buy rating and issued a $34.00 price target on shares of Friday Night in a report on Friday, September 8th. Royal Bank Of Canada reaffirmed a buy rating and issued a $33.00 price target on shares of Friday Night in a report on Friday, September 1st. TheStreet raised Friday Night from a d+ rating to a c- rating in a report on Wednesday, July 26th. Jefferies Group LLC downgraded Friday Night from a buy rating to a hold rating and set a $37.00 price target for the company. in a report on Monday, July 24th. Finally, Canaccord Genuity reaffirmed a hold rating and issued a $34.00 price target on shares of Friday Night in a report on Thursday, July 20th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and an average price target of C$33.00.
Shares of Friday Night (TGI) opened at C$31.40 on Thursday. Friday Night has a one year low of C$19.65 and a one year high of C$34.80.
Friday Night (NYSE:TGI) last announced its quarterly earnings results on Wednesday, November 8th. The company reported C$0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.32 by C$0.20. The firm had revenue of C$745.16 million during the quarter, compared to the consensus estimate of C$787.90 million. Friday Night had a negative return on equity of 0.91% and a negative net margin of 0.25%. The firm’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 earnings per share.
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Hedge funds have recently bought and sold shares of the company. Riverhead Capital Management LLC boosted its holdings in shares of Friday Night by 56.8% in the second quarter. Riverhead Capital Management LLC now owns 3,763 shares of the company’s stock valued at $119,000 after acquiring an additional 1,363 shares during the period. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Friday Night in the second quarter valued at approximately $149,000. Sei Investments Co. boosted its holdings in shares of Friday Night by 51.6% in the second quarter. Sei Investments Co. now owns 5,279 shares of the company’s stock valued at $167,000 after acquiring an additional 1,796 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Friday Night during the second quarter worth $171,000. Finally, KCG Holdings Inc. acquired a new stake in shares of Friday Night during the first quarter worth $201,000.
Friday Night Company Profile
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