Papa Murphy’s Holdings, Inc. (FRSH) Downgraded by Zacks Investment Research

Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday, May 25th.

According to Zacks, “Papa Murphy’s Holdings Inc. operates as a franchisor and operator of the Take ‘N’ Bake pizza chain in the United States. The Company operates in three segments: Domestic Company Stores, Domestic Franchise and International. In addition to scratch-made pizzas, the company offers a growing menu of grab ‘n’ go items, including salads, sides and desserts. Papa Murphy’s Holdings Inc. is based in Vancouver, Washington. “

Several other equities research analysts have also recently weighed in on the stock. Wells Fargo & Company cut shares of Papa Murphy’s Holdings from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $5.25 to $5.00 in a research report on Tuesday, May 23rd. Jefferies Group LLC reiterated a “hold” rating on shares of Papa Murphy’s Holdings in a research report on Thursday, May 11th. Six equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of $5.08.

Analyst Recommendations for Papa Murphy`s Holdings (NASDAQ:FRSH)

Shares of Papa Murphy’s Holdings (FRSH) traded down 3.33% during trading on Thursday, reaching $4.07. The company’s stock had a trading volume of 292,178 shares. Papa Murphy’s Holdings has a 12 month low of $3.56 and a 12 month high of $7.80. The company’s market capitalization is $69.05 million. The company’s 50-day moving average is $4.77 and its 200-day moving average is $4.63.

Papa Murphy’s Holdings (NASDAQ:FRSH) last posted its quarterly earnings data on Wednesday, May 10th. The company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.11. Papa Murphy’s Holdings had a negative net margin of 2.71% and a positive return on equity of 2.91%. The company had revenue of $31.99 million during the quarter, compared to analysts’ expectations of $35.59 million. During the same period in the prior year, the company posted $0.04 earnings per share. Papa Murphy’s Holdings’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, analysts forecast that Papa Murphy’s Holdings will post $0.21 EPS for the current fiscal year.

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Large investors have recently bought and sold shares of the company. Citadel Advisors LLC acquired a new position in shares of Papa Murphy’s Holdings during the first quarter worth about $107,000. Geode Capital Management LLC boosted its position in shares of Papa Murphy’s Holdings by 0.4% in the first quarter. Geode Capital Management LLC now owns 73,738 shares of the company’s stock worth $351,000 after buying an additional 330 shares in the last quarter. KCG Holdings Inc. acquired a new position in shares of Papa Murphy’s Holdings during the first quarter worth about $357,000. Morgan Stanley boosted its position in shares of Papa Murphy’s Holdings by 123.6% in the first quarter. Morgan Stanley now owns 78,002 shares of the company’s stock worth $372,000 after buying an additional 43,113 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Papa Murphy’s Holdings during the first quarter worth about $421,000. Institutional investors and hedge funds own 32.30% 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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