Somewhat Positive Media Coverage Somewhat Unlikely to Impact Papa Murphy’s Holdings (FRSH) Share Price
Media headlines about Papa Murphy’s Holdings (NASDAQ:FRSH) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Papa Murphy’s Holdings earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.2428133707597 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Traders Keeping Papa Murphy`s Holdings Inc (FRSH) on Close Watch As Shares Move – Sparta Review (spartareview.com)
- Zacks: Analysts Anticipate Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) Will Post Quarterly Sales of $30.74 Million (americanbankingnews.com)
- Papa Murphy`s Holdings Inc (FRSH) Ichimoku Levels Indicate Sluggish Momentum – Evergreen Caller (evergreencaller.com)
- Zacks: Analysts Anticipate Papa Murphy’s Holdings, Inc. (FRSH) to Announce $0.04 EPS (americanbankingnews.com)
- Head to Head Review: Papa Murphy’s Holdings (FRSH) and Del Taco Restaurants (TACO) (americanbankingnews.com)
Several analysts recently commented on the stock. Zacks Investment Research cut shares of Papa Murphy’s Holdings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Jefferies Group LLC reiterated a “hold” rating and issued a $5.00 price objective on shares of Papa Murphy’s Holdings in a research note on Thursday, July 27th. Finally, Wells Fargo & Company cut shares of Papa Murphy’s Holdings from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $5.25 to $5.00 in a research note on Tuesday, May 23rd. Seven analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average target price of $4.92.
Shares of Papa Murphy’s Holdings (NASDAQ:FRSH) traded down 1.41% during trading on Tuesday, reaching $4.20. 90,930 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $4.27 and its 200 day moving average price is $4.57. The firm’s market capitalization is $71.25 million. Papa Murphy’s Holdings has a 52 week low of $3.56 and a 52 week high of $7.17.
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. The business had revenue of $31.99 million during the quarter, compared to analyst estimates of $35.59 million. Papa Murphy’s Holdings had a negative net margin of 2.71% and a positive return on equity of 2.91%. The firm’s revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.04 earnings per share. Analysts predict that Papa Murphy’s Holdings will post $0.21 EPS for the current fiscal year.
In related news, major shareholder Mfp Partners Lp purchased 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, with a total value of $102,254.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders bought 482,452 shares of company stock valued at $2,004,745 over the last three months. 7.60% of the stock is owned by insiders.
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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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