Equities analysts forecast that Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) will announce $24.38 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Papa Murphy’s Holdings’ earnings. The highest sales estimate is $24.44 million and the lowest is $24.32 million. Papa Murphy’s Holdings posted sales of $28.52 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 14.5%. The business is scheduled to announce its next quarterly earnings report on Wednesday, November 1st.

According to Zacks, analysts expect that Papa Murphy’s Holdings will report full-year sales of $24.38 million for the current fiscal year, with estimates ranging from $111.67 million to $112.56 million. For the next financial year, analysts anticipate that the company will post sales of $88.47 million per share, with estimates ranging from $87.13 million to $89.80 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover Papa Murphy’s Holdings.

Papa Murphy’s Holdings (NASDAQ:FRSH) last issued its earnings results on Wednesday, August 9th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. Papa Murphy’s Holdings had a positive return on equity of 3.16% and a negative net margin of 8.43%. The business had revenue of $29.10 million for the quarter, compared to analyst estimates of $30.89 million. During the same quarter last year, the company earned $0.06 EPS. The business’s quarterly revenue was down 2.6% on a year-over-year basis.

A number of research firms recently weighed in on FRSH. Wells Fargo & Company downgraded Papa Murphy’s Holdings from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $5.25 to $5.00 in a research report on Tuesday, May 23rd. Jefferies Group LLC reissued a “hold” rating on shares of Papa Murphy’s Holdings in a research report on Thursday, May 11th. Finally, Zacks Investment Research downgraded Papa Murphy’s Holdings from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 25th. Seven research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average price target of $4.75.

In other news, insider Weldon W. Spangler bought 21,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average cost of $4.39 per share, with a total value of $92,190.00. Following the completion of the transaction, the insider now directly owns 11,000 shares in the company, valued at $48,290. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Mfp Partners Lp bought 32,780 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were purchased at an average cost of $4.71 per share, for a total transaction of $154,393.80. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 725,598 shares of company stock worth $3,035,489. 3.10% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. B. Riley Financial Inc. purchased a new stake in Papa Murphy’s Holdings during the second quarter worth $437,000. Dimensional Fund Advisors LP increased its stake in Papa Murphy’s Holdings by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 48,466 shares of the company’s stock worth $212,000 after buying an additional 1,863 shares during the last quarter. FMR LLC bought a new stake in Papa Murphy’s Holdings during the second quarter worth $361,000. Verity Asset Management Inc. bought a new stake in Papa Murphy’s Holdings during the second quarter worth $100,000. Finally, KCG Holdings Inc. bought a new stake in Papa Murphy’s Holdings during the first quarter worth $357,000. 35.94% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Papa Murphy’s Holdings (NASDAQ:FRSH) traded up 4.983% during midday trading on Friday, hitting $6.005. The stock had a trading volume of 88,049 shares. The stock has a 50 day moving average of $4.43 and a 200-day moving average of $4.59. The company’s market cap is $101.87 million. Papa Murphy’s Holdings has a one year low of $3.50 and a one year high of $6.88.

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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