Zacks Investment Research cut shares of Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) from a buy rating to a hold rating in a report issued on Friday, July 21st.
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. “
Other equities research analysts have also recently issued reports about the company. Jefferies Group LLC reaffirmed a hold rating on shares of Papa Murphy’s Holdings in a report on Thursday, May 11th. Wells Fargo & Company cut Papa Murphy’s Holdings from an outperform rating to a market perform rating and dropped their price target for the company from $5.25 to $5.00 in a 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 an average price target of $4.92.
Shares of Papa Murphy’s Holdings (NASDAQ:FRSH) traded down 1.42% on Friday, reaching $4.18. The company’s stock had a trading volume of 29,619 shares. The stock’s market capitalization is $70.91 million. The stock has a 50-day moving average of $4.27 and a 200 day moving average of $4.57. Papa Murphy’s Holdings has a 52 week low of $3.56 and a 52 week high of $7.25.
Papa Murphy’s Holdings (NASDAQ:FRSH) last released its quarterly earnings results on Wednesday, May 10th. The company reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.11. Papa Murphy’s Holdings had a positive return on equity of 2.91% and a negative net margin of 2.71%. The firm had revenue of $31.99 million during the quarter, compared to analysts’ expectations of $35.59 million. During the same period last year, the firm posted $0.04 EPS. The business’s revenue was down 3.0% on a year-over-year basis. On average, analysts expect that Papa Murphy’s Holdings will post $0.21 EPS for the current year.
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In other news, major shareholder Mfp Partners Lp bought 20,328 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was bought at an average cost of $4.21 per share, with a total value of $85,580.88. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders bought a total of 482,452 shares of company stock valued at $2,004,745 over the last three months. Insiders own 7.60% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC purchased a new stake in Papa Murphy’s Holdings during the first quarter valued at approximately $107,000. KCG Holdings Inc. purchased a new stake in Papa Murphy’s Holdings during the first quarter valued at approximately $357,000. Renaissance Technologies LLC purchased a new stake in Papa Murphy’s Holdings during the first quarter valued at approximately $421,000. Signia Capital Management LLC purchased a new stake in Papa Murphy’s Holdings during the first quarter valued at approximately $2,610,000. Finally, Boston Partners boosted 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 valued at $2,940,000 after buying an additional 13,104 shares during the period. 32.41% of the stock is owned by institutional investors.
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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