Zacks Investment Research downgraded shares of Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) from a strong-buy rating to a hold rating in a research note published on Tuesday morning.
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. “
A number of other analysts have also recently commented on FRSH. Jefferies Group LLC reiterated a hold rating and issued a $5.00 price target on shares of Papa Murphy’s Holdings in a research note on Thursday, July 27th. Wells Fargo & Company cut shares of Papa Murphy’s Holdings from an outperform rating to a market perform rating and cut their price target for the company from $5.25 to $5.00 in a research note on Tuesday, May 23rd. Seven equities research analysts have rated the stock with a hold rating, The company has an average rating of Hold and a consensus price target of $4.92.
Papa Murphy’s Holdings (FRSH) opened at 4.21 on Tuesday. The stock’s 50 day moving average is $4.27 and its 200 day moving average is $4.57. The company’s market cap is $71.42 million. Papa Murphy’s Holdings has a 12-month low of $3.56 and a 12-month high of $7.17.
Papa Murphy’s Holdings (NASDAQ:FRSH) last announced its quarterly earnings results on Wednesday, May 10th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.11. The firm had revenue of $31.99 million during the quarter, compared to analysts’ expectations of $35.59 million. Papa Murphy’s Holdings had a negative net margin of 2.71% and a positive return on equity of 2.91%. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.04 earnings per share. On average, equities analysts forecast that Papa Murphy’s Holdings will post $0.21 earnings per share for the current year.
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In related news, major shareholder Mfp Partners Lp bought 20,328 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was bought at an average price of $4.21 per share, for a total transaction of $85,580.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have bought 482,452 shares of company stock valued at $2,004,745. 7.60% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. KCG Holdings Inc. bought a new stake in Papa Murphy’s Holdings during the first quarter worth about $357,000. Renaissance Technologies LLC bought a new stake in Papa Murphy’s Holdings during the first quarter worth about $421,000. Citadel Advisors LLC bought a new stake in Papa Murphy’s Holdings during the first quarter worth about $107,000. Signia Capital Management LLC bought a new stake in Papa Murphy’s Holdings during the first quarter worth about $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 worth $2,940,000 after buying an additional 13,104 shares in the last quarter. Institutional investors own 32.41% 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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