Somewhat Positive News Coverage Somewhat Unlikely to Impact Papa Murphy’s Holdings (FRSH) Stock Price
News stories about Papa Murphy’s Holdings (NASDAQ:FRSH) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Papa Murphy’s Holdings earned a daily sentiment score of 0.03 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.137736153256 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) Closed Well Above Its 50 Day Moving Average – First News 24 (firstnewspaper24.com)
- Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) Experiences Heavy Trading Volume – Modern Readers (modernreaders.com)
- Papa Murphy’s Holdings, Inc. (FRSH) Expected to Post Quarterly Sales of $24.38 Million (americanbankingnews.com)
- Papa Murphy`s Holdings Inc (FRSH) Rise Above Parabolic SAR – Financial News Review (finnewsreview.com)
- Can Papa Murphy`s Holdings Inc (FRSH) Move Higher? – Sparta Review (spartareview.com)
Shares of Papa Murphy’s Holdings (NASDAQ:FRSH) traded up 3.06% during trading on Friday, reaching $5.72. 312,609 shares of the company traded hands. The stock’s 50 day moving average price is $4.43 and its 200-day moving average price is $4.59. Papa Murphy’s Holdings has a 12 month low of $3.50 and a 12 month high of $6.88. The stock’s market cap is $97.04 million.
Papa Murphy’s Holdings (NASDAQ:FRSH) last announced its 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. The company had revenue of $29.10 million for the quarter, compared to analysts’ expectations of $30.89 million. Papa Murphy’s Holdings had a positive return on equity of 3.16% and a negative net margin of 8.43%. Papa Murphy’s Holdings’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.06 earnings per share. On average, equities research analysts expect that Papa Murphy’s Holdings will post $0.31 EPS for the current fiscal year.
Several equities analysts recently weighed in on the stock. Jefferies Group LLC cut their price objective on shares of Papa Murphy’s Holdings from $5.00 to $4.50 and set a “hold” rating on the stock in a research report on Thursday, August 10th. Zacks Investment Research lowered shares of Papa Murphy’s Holdings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Wells Fargo & Company lowered shares of Papa Murphy’s Holdings from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $5.25 to $5.00 in a research report on Tuesday, May 23rd. Seven equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus target price of $4.75.
In related news, major shareholder Mfp Partners Lp bought 23,417 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average price of $3.90 per share, with a total value of $91,326.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jean Birch bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were bought at an average cost of $4.27 per share, for a total transaction of $42,700.00. Following the transaction, the chief executive officer now owns 33,095 shares of the company’s stock, valued at $141,315.65. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 725,598 shares of company stock worth $3,035,489. 3.10% of the stock is owned by 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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