Zacks Investment Research upgraded shares of Papa Murphy's (NASDAQ:FRSH) from a hold rating to a buy rating in a research report released on Friday, February 16th. They currently have $5.75 price target on the stock.
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. “
Papa Murphy's (NASDAQ FRSH) traded up $0.16 during trading on Friday, hitting $5.35. The stock had a trading volume of 54,769 shares, compared to its average volume of 62,803. Papa Murphy's has a twelve month low of $3.50 and a twelve month high of $6.80. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.31 and a quick ratio of 0.28. The stock has a market capitalization of $90.77, a PE ratio of -7.54, a PEG ratio of 2.50 and a beta of 0.14.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Spark Investment Management LLC acquired a new stake in shares of Papa Murphy's during the fourth quarter valued at $100,000. Two Sigma Investments LP acquired a new stake in shares of Papa Murphy's during the fourth quarter valued at $248,000. Dimensional Fund Advisors LP lifted its position in Papa Murphy's by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 48,466 shares of the company’s stock worth $212,000 after buying an additional 1,863 shares during the period. Millennium Management LLC lifted its position in Papa Murphy's by 106.8% during the fourth quarter. Millennium Management LLC now owns 60,240 shares of the company’s stock worth $324,000 after buying an additional 31,107 shares during the period. Finally, FMR LLC purchased a new position in Papa Murphy's during the second quarter worth about $361,000. 30.44% of the stock is currently owned by institutional investors and hedge funds.
Papa Murphy's 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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