ValuEngine cut shares of Papa Murphy’s (NASDAQ:FRSH) from a hold rating to a sell rating in a research note released on Saturday.

Separately, Zacks Investment Research raised shares of Papa Murphy’s from a sell rating to a hold rating in a research note on Friday, August 10th.

Shares of FRSH stock opened at $5.37 on Friday. Papa Murphy’s has a 12-month low of $4.28 and a 12-month high of $6.50. The stock has a market cap of $91.44 million, a P/E ratio of 35.87, a PEG ratio of 1.27 and a beta of 0.29. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 0.84.

Papa Murphy’s (NASDAQ:FRSH) last announced its earnings results on Wednesday, November 7th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.06. Papa Murphy’s had a net margin of 12.62% and a return on equity of 9.39%. The company had revenue of $28.83 million during the quarter, compared to the consensus estimate of $26.84 million. On average, equities research analysts expect that Papa Murphy’s will post 0.38 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in FRSH. Millennium Management LLC raised its stake in shares of Papa Murphy’s by 15.5% in the first quarter. Millennium Management LLC now owns 69,584 shares of the company’s stock worth $338,000 after acquiring an additional 9,344 shares during the last quarter. Signia Capital Management LLC raised its stake in shares of Papa Murphy’s by 66.0% in the second quarter. Signia Capital Management LLC now owns 1,044,915 shares of the company’s stock worth $5,799,000 after acquiring an additional 415,442 shares during the last quarter. Finally, Bailard Inc. bought a new position in shares of Papa Murphy’s in the third quarter worth about $233,000. 31.79% of the stock is owned by institutional investors.

Papa Murphy’s Company Profile

Papa Murphy's Holdings, Inc, together with its subsidiaries, owns, operates, and franchises Take ‘N' Bake pizza stores. The company operates in three segments: Domestic Company Stores, Domestic Franchise, and International. As of January 1, 2018, it operated approximately 1,523 stores, including 1,338 franchised and 145 company-owned stores in 39 states, as well as 14 stores in Canada and 26 stores in the Middle East.

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