Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday, July 20th. The firm presently has a $4.75 target price on the stock. Zacks Investment Research‘s price target indicates a potential upside of 5.56% from the company’s previous close.
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. “
Several other equities analysts have also issued reports on the company. Wells Fargo & Company lowered 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 research note on Tuesday, May 23rd. Jefferies Group LLC restated a “hold” rating on shares of Papa Murphy’s Holdings in a report on Thursday, May 11th. Seven research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus price target of $4.75.
Shares of Papa Murphy’s Holdings (NASDAQ:FRSH) traded down 2.00% during mid-day trading on Thursday, hitting $4.41. The stock had a trading volume of 217,506 shares. Papa Murphy’s Holdings has a 1-year low of $3.50 and a 1-year high of $6.88. The stock’s 50-day moving average is $4.29 and its 200-day moving average is $4.56. The firm’s market capitalization is $74.82 million.
Papa Murphy’s Holdings (NASDAQ:FRSH) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.03. Papa Murphy’s Holdings had a positive return on equity of 3.16% and a negative net margin of 8.43%. The firm had revenue of $29.10 million for the quarter, compared to analyst estimates of $30.89 million. During the same period in the previous year, the firm earned $0.06 earnings per share. The company’s revenue was down 2.6% compared to the same quarter last year. Equities analysts expect that Papa Murphy’s Holdings will post $0.26 earnings per share for the current year.
In related news, major shareholder Mfp Partners Lp purchased 23,187 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The stock was acquired at an average price of $4.41 per share, for a total transaction of $102,254.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have purchased 628,939 shares of company stock valued at $2,598,399 in the last quarter. 7.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of FRSH. B. Riley Financial Inc. acquired a new position in Papa Murphy’s Holdings during the second quarter valued at $437,000. Dimensional Fund Advisors LP boosted its position 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 worth $212,000 after buying an additional 1,863 shares in the last quarter. FMR LLC purchased a new position in shares of Papa Murphy’s Holdings during the second quarter worth approximately $361,000. Verity Asset Management Inc. purchased a new position in shares of Papa Murphy’s Holdings during the second quarter worth approximately $100,000. Finally, KCG Holdings Inc. purchased a new position in shares of Papa Murphy’s Holdings during the first quarter worth approximately $357,000. 31.69% of the stock is currently owned by institutional investors and hedge funds.
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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