Papa Murphy's Holdings Inc (FRSH) Given Consensus Rating of “Hold” by Analysts
Papa Murphy's Holdings Inc (NASDAQ:FRSH) has been given an average rating of “Hold” by the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating. The average 1 year price objective among analysts that have covered the stock in the last year is $4.75.
A number of analysts have issued reports on the company. Jefferies Group LLC cut their target price on Papa Murphy's Holdings from $5.00 to $4.50 and set a “hold” rating for the company in a research note on Thursday, August 10th. Zacks Investment Research cut Papa Murphy's Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Wells Fargo & Company cut Papa Murphy's Holdings from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $5.25 to $5.00 in a report on Tuesday, May 23rd.
Papa Murphy's Holdings (NASDAQ:FRSH) traded up 3.06% during midday trading on Tuesday, reaching $5.72. 312,609 shares of the company were exchanged. The firm’s market capitalization is $97.04 million. The company has a 50-day moving average of $4.43 and a 200 day moving average of $4.59. Papa Murphy's Holdings has a 52 week low of $3.50 and a 52 week high of $6.88.
Papa Murphy's Holdings (NASDAQ:FRSH) last issued its earnings results on Wednesday, August 9th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Papa Murphy's Holdings had a negative return on equity of 26.60% and a negative net margin of 21.26%. The business had revenue of $29.10 million during the quarter, compared to the consensus estimate of $30.89 million. During the same period last year, the company earned $0.06 EPS. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. Equities analysts predict that Papa Murphy's Holdings will post $0.31 earnings per share for the current year.
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In other Papa Murphy's Holdings news, major shareholder Mfp Partners Lp purchased 32,780 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was acquired at an average cost of $4.71 per share, for a total transaction of $154,393.80. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director L David Mounts purchased 23,879 shares of the stock in a transaction dated Monday, August 21st. The shares were acquired at an average price of $4.49 per share, with a total value of $107,216.71. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 725,598 shares of company stock valued at $3,035,489. Company insiders own 3.10% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Boston Partners boosted its position in shares of Papa Murphy's Holdings by 2.2% in the first quarter. Boston Partners now owns 616,342 shares of the company’s stock worth $2,940,000 after buying an additional 13,104 shares during the period. Signia Capital Management LLC purchased a new position in shares of Papa Murphy's Holdings during the first quarter worth approximately $2,610,000. B. Riley Financial Inc. purchased a new position in shares of Papa Murphy's Holdings during the second quarter worth approximately $437,000. Renaissance Technologies LLC purchased a new position in shares of Papa Murphy's Holdings during the first quarter worth approximately $421,000. Finally, FMR LLC purchased a new position in shares of Papa Murphy's Holdings during the second quarter worth approximately $361,000. Institutional investors own 31.69% of the company’s stock.
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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