Citadel Advisors LLC Purchases New Stake in Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH)
Citadel Advisors LLC bought a new position in Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 22,534 shares of the company’s stock, valued at approximately $107,000. Citadel Advisors LLC owned 0.13% of Papa Murphy’s Holdings at the end of the most recent reporting period.
Separately, Signia Capital Management LLC purchased a new stake in shares of Papa Murphy’s Holdings during the first quarter valued at approximately $2,610,000. Institutional investors and hedge funds own 32.41% of the company’s stock.
Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) remained flat at $4.21 during midday trading on Friday. The stock had a trading volume of 96,546 shares. Papa Murphy’s Holdings, Inc. has a 52-week low of $3.56 and a 52-week high of $7.17. The stock’s market capitalization is $71.42 million. The company has a 50-day moving average price of $4.27 and a 200 day moving average price of $4.57.
Papa Murphy’s Holdings (NASDAQ:FRSH) last issued its earnings results on Wednesday, May 10th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $31.99 million for the quarter, compared to analyst estimates of $35.59 million. During the same period in the prior year, the business posted $0.04 earnings per share. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, analysts forecast that Papa Murphy’s Holdings, Inc. will post $0.21 earnings per share for the current year.
Several analysts recently commented on FRSH shares. Wells Fargo & Company lowered Papa Murphy’s Holdings from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $5.25 to $5.00 in a report on Tuesday, May 23rd. Jefferies Group LLC reissued a “hold” rating on shares of Papa Murphy’s Holdings in a 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. Seven analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus target price of $4.92.
In related news, major shareholder Mfp Partners Lp bought 232,213 shares of the stock in a transaction on Thursday, June 22nd. The shares were bought at an average cost of $4.06 per share, for a total transaction of $942,784.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired 482,452 shares of company stock worth $2,004,745 over the last 90 days. 7.60% of the stock is currently owned by company insiders.
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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