Analysts expect that Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) will post earnings per share (EPS) of $0.07 for the current quarter, according to Zacks. Three analysts have provided estimates for Papa Murphy’s Holdings’ earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at $0.03. Papa Murphy’s Holdings reported earnings of $0.06 per share during the same quarter last year, which suggests a positive year over year growth rate of 16.7%. The business is expected to report its next quarterly earnings report on Wednesday, August 2nd.
According to Zacks, analysts expect that Papa Murphy’s Holdings will report full-year earnings of $0.23 per share for the current financial year, with EPS estimates ranging from $0.22 to $0.23. For the next financial year, analysts expect that the company will post earnings of $0.33 per share, with EPS estimates ranging from $0.26 to $0.44. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Papa Murphy’s Holdings.
Papa Murphy’s Holdings (NASDAQ:FRSH) last posted its quarterly earnings results on Wednesday, May 10th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.11. Papa Murphy’s Holdings had a negative net margin of 2.71% and a positive return on equity of 2.91%. The business had revenue of $31.99 million during the quarter, compared to analyst estimates of $35.59 million. During the same period in the prior year, the firm earned $0.04 earnings per share. The firm’s revenue was down 3.0% compared to the same quarter last year.
FRSH has been the topic of several recent analyst reports. Wells Fargo & Company lowered Papa Murphy’s Holdings from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $5.25 to $5.00 in a research report on Tuesday, May 23rd. Jefferies Group LLC reaffirmed a “hold” rating on shares of Papa Murphy’s Holdings in a research report on Thursday, March 16th. Finally, Zacks Investment Research lowered Papa Murphy’s Holdings from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 25th. Six research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average target price of $5.08.
In related news, major shareholder Mfp Partners Lp purchased 21,855 shares of the stock in a transaction on Friday, July 7th. The shares were purchased at an average price of $4.23 per share, with a total value of $92,446.65. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired a total of 335,542 shares of company stock worth $1,390,065 in the last ninety days. Insiders own 7.60% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC acquired a new position in Papa Murphy’s Holdings during the first quarter worth $107,000. KCG Holdings Inc. acquired a new position in Papa Murphy’s Holdings during the first quarter worth $357,000. Renaissance Technologies LLC acquired a new position in Papa Murphy’s Holdings during the first quarter worth $421,000. Signia Capital Management LLC acquired a new position in Papa Murphy’s Holdings during the first quarter worth $2,610,000. Finally, Boston Partners raised its position in shares of 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. 32.30% of the stock is currently owned by institutional investors and hedge funds.
Papa Murphy’s Holdings (NASDAQ:FRSH) traded down 0.71% during trading on Friday, reaching $4.22. The company had a trading volume of 39,215 shares. The company has a 50 day moving average price of $4.56 and a 200 day moving average price of $4.60. The company’s market capitalization is $71.59 million. Papa Murphy’s Holdings has a 52-week low of $3.56 and a 52-week high of $7.80.
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About Papa Murphy’s Holdings
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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