Somewhat Favorable News Coverage Somewhat Unlikely to Affect Papa Murphy’s Holdings (FRSH) Stock Price
News articles about Papa Murphy’s Holdings (NASDAQ:FRSH) have trended somewhat positive on Tuesday, Accern reports. The research group ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Papa Murphy’s Holdings earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.0848382266906 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment’s rankings:
- Papa Murphys Promotes Mark Hutchens to Chief Operating Officer (itbusinessnet.com)
- Papa Murphy’s CFO to take COO job – Seeking Alpha (seekingalpha.com)
- Papa Murphy’s Promotes Mark Hutchens to Chief Operating Officer – GlobeNewswire (press release) (globenewswire.com)
- Papa Murphy’s Promotes Mark Hutchens to Chief Operating Officer (finance.yahoo.com)
- Papa Murphy’s Holdings, Inc. (FRSH) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
FRSH has been the subject of a number of recent analyst reports. Jefferies Group LLC reiterated a “hold” rating and issued a $5.00 price target on shares of Papa Murphy’s Holdings in a research report on Thursday, July 27th. Wells Fargo & Company downgraded shares of Papa Murphy’s Holdings from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $5.25 to $5.00 in a report on Tuesday, May 23rd. Finally, Zacks Investment Research downgraded shares of Papa Murphy’s Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 1st. Six investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $4.75.
Papa Murphy’s Holdings (NASDAQ:FRSH) traded up 2.45% during trading on Tuesday, hitting $5.44. 34,280 shares of the stock traded hands. The stock has a 50 day moving average price of $4.87 and a 200-day moving average price of $4.70. Papa Murphy’s Holdings has a 52-week low of $3.50 and a 52-week high of $6.88. The stock’s market cap is $92.29 million.
Papa Murphy’s Holdings (NASDAQ:FRSH) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. Papa Murphy’s Holdings had a negative net margin of 8.43% and a positive return on equity of 3.16%. The firm had revenue of $29.10 million for the quarter, compared to analysts’ expectations of $30.89 million. During the same quarter last year, the company earned $0.06 EPS. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, analysts anticipate that Papa Murphy’s Holdings will post $0.31 EPS for the current fiscal year.
In related news, insider Weldon W. Spangler purchased 21,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were purchased at an average price of $4.39 per share, with a total value of $92,190.00. Following the purchase, the insider now owns 11,000 shares of the company’s stock, valued at $48,290. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Mfp Partners Lp purchased 32,780 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was bought 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. Insiders purchased a total of 725,598 shares of company stock worth $3,035,489 in the last three months. 3.10% of the stock is owned by corporate 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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