Municipal Employees Retirement System of Michigan maintained its position in Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,690 shares of the company’s stock at the end of the second quarter. Municipal Employees Retirement System of Michigan owned 0.40% of Papa Murphy’s Holdings worth $296,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. KCG Holdings Inc. acquired a new position in Papa Murphy’s Holdings during the first quarter valued at approximately $357,000. Renaissance Technologies LLC acquired a new position in Papa Murphy’s Holdings during the first quarter valued at approximately $421,000. Citadel Advisors LLC acquired a new position in Papa Murphy’s Holdings during the first quarter valued at approximately $107,000. Signia Capital Management LLC acquired a new position in Papa Murphy’s Holdings during the first quarter valued at approximately $2,610,000. Finally, Boston Partners increased its position in Papa Murphy’s Holdings by 2.2% in the first quarter. Boston Partners now owns 616,342 shares of the company’s stock valued at $2,940,000 after buying an additional 13,104 shares during the period. Hedge funds and other institutional investors own 35.94% of the company’s stock.

Papa Murphy’s Holdings, Inc. (FRSH) opened at 5.11 on Thursday. The firm’s market capitalization is $86.69 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, Inc. has a 1-year low of $3.50 and a 1-year high of $6.88.

Papa Murphy’s Holdings (NASDAQ:FRSH) last released its earnings results on Wednesday, August 9th. The company reported $0.07 earnings per share (EPS) 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 firm had revenue of $29.10 million during the quarter, compared to analysts’ expectations of $30.89 million. During the same quarter last year, the business posted $0.06 earnings per share. The firm’s revenue was down 2.6% on a year-over-year basis. On average, equities research analysts anticipate that Papa Murphy’s Holdings, Inc. will post $0.31 earnings per share for the current year.

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

In other Papa Murphy’s Holdings news, CEO Jean Birch bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average price of $4.27 per share, for a total transaction of $42,700.00. Following the completion of the transaction, the chief executive officer now owns 33,095 shares of the company’s stock, valued at approximately $141,315.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Mfp Partners Lp bought 32,780 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were acquired at an average price of $4.71 per share, with a total value of $154,393.80. The disclosure for this purchase can be found here. Insiders have purchased 725,598 shares of company stock valued at $3,035,489 in the last quarter. 3.10% of the stock is currently owned by company insiders.

Papa Murphy’s Holdings Company Profile

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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Institutional Ownership by Quarter for Papa Murphy`s Holdings (NASDAQ:FRSH)

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