Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday, August 1st.
According to Zacks, “Papa Murphy’s Holdings Inc. operates as a franchisor and operator of the Take ‘N’ Bake pizza chain in the United States. The Company operates in three segments: Domestic Company Stores, Domestic Franchise and International. In addition to scratch-made pizzas, the company offers a growing menu of grab ‘n’ go items, including salads, sides and desserts. Papa Murphy’s Holdings Inc. is based in Vancouver, Washington. “
FRSH has been the topic of several other research reports. Jefferies Group LLC reiterated a “hold” rating and issued a $5.00 price target on shares of Papa Murphy’s Holdings in a report on Thursday, July 27th. Wells Fargo & Company lowered Papa Murphy’s Holdings from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $5.25 to $5.00 in a research report on Tuesday, May 23rd. Seven equities research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus price target of $4.75.
Shares of Papa Murphy’s Holdings (FRSH) traded up 2.49% on Tuesday, hitting $4.53. 93,750 shares of the stock traded hands. Papa Murphy’s Holdings has a 52 week low of $3.50 and a 52 week high of $6.88. The stock’s market cap is $76.85 million. The stock has a 50 day moving average price of $4.30 and a 200-day moving average price of $4.56.
Papa Murphy’s Holdings (NASDAQ:FRSH) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.03. Papa Murphy’s Holdings had a negative net margin of 8.43% and a positive return on equity of 3.16%. The business had revenue of $29.10 million during the quarter, compared to analyst estimates of $30.89 million. During the same period in the prior year, the firm posted $0.06 earnings per share. The company’s quarterly revenue was down 2.6% on a year-over-year basis. On average, equities research analysts forecast that Papa Murphy’s Holdings will post $0.31 EPS for the current year.
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In other Papa Murphy’s Holdings news, major shareholder Mfp Partners Lp acquired 23,187 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The shares were purchased at an average price of $4.41 per share, with a total value of $102,254.67. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jean Birch acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were acquired at an average cost of $4.27 per share, for a total transaction of $42,700.00. Following the acquisition, the chief executive officer now directly owns 33,095 shares of the company’s stock, valued at $141,315.65. The disclosure for this purchase can be found here. Insiders bought a total of 668,939 shares of company stock valued at $2,773,879 in the last quarter. Company insiders own 7.60% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in FRSH. Dimensional Fund Advisors LP raised its stake in shares of Papa Murphy’s Holdings by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 48,466 shares of the company’s stock valued at $212,000 after buying an additional 1,863 shares in the last quarter. Boston Partners raised its stake in Papa Murphy’s Holdings by 2.2% in the first quarter. Boston Partners now owns 616,342 shares of the company’s stock worth $2,940,000 after buying an additional 13,104 shares during the period. Citadel Advisors LLC bought a new stake in Papa Murphy’s Holdings during the first quarter worth about $107,000. Verity Asset Management Inc. bought a new stake in Papa Murphy’s Holdings during the second quarter worth about $100,000. Finally, KCG Holdings Inc. acquired a new stake in shares of Papa Murphy’s Holdings during the first quarter worth $357,000. Hedge funds and other institutional investors own 31.69% of the company’s stock.
Papa Murphy’s Holdings Company Profile
Papa Murphy’s Holdings, Inc is a holding company. The Company, together with its subsidiaries, is a franchisor and operator of the Take ‘N’ Bake pizza chain in the United States. The Company franchises the right to operate Take ‘N’ Bake pizza franchises and operates Take ‘N’ Bake pizza stores owned by the Company.
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