Friday Night (TGI) Rating Reiterated by Canaccord Genuity

Canaccord Genuity reiterated their hold rating on shares of Friday Night (NYSE:TGI) in a research report report published on Thursday morning. The brokerage currently has a $36.00 price objective on the stock, up from their previous price objective of $30.00.

Several other research firms also recently commented on TGI. Cowen and Company reaffirmed a market perform rating and issued a $24.00 price target (down previously from $32.00) on shares of Friday Night in a research note on Thursday, July 27th. Jefferies Group LLC reaffirmed a hold rating and issued a $30.00 price target on shares of Friday Night in a research note on Friday, September 29th. Robert W. Baird reaffirmed a buy rating and issued a $34.00 price target on shares of Friday Night in a research note on Friday, September 8th. Bank of America Corporation reaffirmed an underperform rating and issued a $27.00 price target (down previously from $30.00) on shares of Friday Night in a research note on Saturday, August 26th. Finally, BidaskClub raised shares of Friday Night from a sell rating to a hold rating in a research note on Monday, August 14th. Three analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of C$33.00.

Shares of Friday Night (NYSE TGI) opened at C$31.40 on Thursday. Friday Night has a 12 month low of C$19.65 and a 12 month high of C$34.80.

Friday Night (NYSE:TGI) last announced its earnings results on Wednesday, November 8th. The company reported C$0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.32 by C$0.20. Friday Night had a negative net margin of 0.25% and a negative return on equity of 0.91%. The business had revenue of C$745.16 million for the quarter, compared to the consensus estimate of C$787.90 million. During the same quarter in the prior year, the firm posted $1.00 earnings per share. The business’s revenue for the quarter was down 14.8% on a year-over-year basis.

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Institutional investors have recently modified their holdings of the business. Riverhead Capital Management LLC grew its holdings in Friday Night by 56.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,763 shares of the company’s stock worth $119,000 after acquiring an additional 1,363 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new position in Friday Night during the 2nd quarter worth about $149,000. Sei Investments Co. grew its holdings in Friday Night by 51.6% during the 2nd quarter. Sei Investments Co. now owns 5,279 shares of the company’s stock worth $167,000 after acquiring an additional 1,796 shares in the last quarter. Acadian Asset Management LLC bought a new position in Friday Night during the 2nd quarter worth about $171,000. Finally, KCG Holdings Inc. bought a new position in Friday Night during the 1st quarter worth about $201,000.

Friday Night Company Profile

Analyst Recommendations for Friday Night (NYSE:TGI)

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