Shares of Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) have been assigned an average recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold rating. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $5.00.

FRSH has been the topic of a number of analyst reports. Wells Fargo & Company lowered Papa Murphy’s Holdings from an “outperform” rating to a “market perform” rating and dropped their target price 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, May 11th. Finally, Zacks Investment Research lowered Papa Murphy’s Holdings from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 25th.

In other Papa Murphy’s Holdings news, major shareholder Mfp Partners Lp acquired 23,187 shares of Papa Murphy’s Holdings stock in a transaction dated Wednesday, June 28th. The stock was acquired at an average cost of $4.41 per share, for a total transaction of $102,254.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have bought 371,160 shares of company stock valued at $1,539,661. Insiders own 7.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new position in Papa Murphy’s Holdings during the first quarter valued at about $107,000. KCG Holdings Inc. bought a new position in Papa Murphy’s Holdings during the first quarter valued at about $357,000. Renaissance Technologies LLC bought a new position in Papa Murphy’s Holdings during the first quarter valued at about $421,000. Signia Capital Management LLC bought a new position in Papa Murphy’s Holdings during the first quarter valued at about $2,610,000. Finally, Boston Partners boosted its position 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 in the last quarter. Hedge funds and other institutional investors own 32.30% of the company’s stock.

Papa Murphy’s Holdings (NASDAQ:FRSH) traded down 0.94% on Monday, reaching $4.21. The company’s stock had a trading volume of 133,021 shares. The firm has a 50-day moving average of $4.56 and a 200 day moving average of $4.60. The company’s market capitalization is $71.42 million. Papa Murphy’s Holdings has a 12-month low of $3.56 and a 12-month high of $7.49.

Papa Murphy’s Holdings (NASDAQ:FRSH) last released its quarterly earnings data on Wednesday, May 10th. The company reported $0.05 EPS for the quarter, beating the 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 company had revenue of $31.99 million for the quarter, compared to analyst estimates of $35.59 million. During the same period last year, the company posted $0.04 earnings per share. The firm’s revenue was down 3.0% compared to the same quarter last year. On average, equities research analysts anticipate that Papa Murphy’s Holdings will post $0.21 EPS for the current fiscal year.

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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.

Analyst Recommendations for Papa Murphy`s Holdings (NASDAQ:FRSH)

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