Papa Murphy’s Holdings, Inc. (FRSH) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) from a hold rating to a buy rating in a research report sent to investors on Thursday. They currently have $4.75 price target on the stock.

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 analysts also recently issued reports on the company. Wells Fargo & Company downgraded Papa Murphy’s Holdings from an outperform rating to a market perform rating and dropped their price target for the company from $5.25 to $5.00 in a research note on Tuesday, May 23rd. Jefferies Group LLC reissued a hold rating on shares of Papa Murphy’s Holdings in a research note on Thursday, May 11th. Seven analysts have rated the stock with a hold rating, The company has an average rating of Hold and a consensus target price of $5.08.

Shares of Papa Murphy’s Holdings (NASDAQ:FRSH) traded down 0.22% during midday trading on Thursday, hitting $4.54. The stock had a trading volume of 179,977 shares. The stock has a 50 day moving average price of $4.32 and a 200-day moving average price of $4.58. The stock’s market capitalization is $77.02 million. Papa Murphy’s Holdings has a 52 week low of $3.56 and a 52 week high of $7.49.

Papa Murphy’s Holdings (NASDAQ:FRSH) last released its quarterly earnings results on Wednesday, May 10th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.11. Papa Murphy’s Holdings had a positive return on equity of 2.91% and a negative net margin of 2.71%. The firm had revenue of $31.99 million for the quarter, compared to the consensus estimate of $35.59 million. During the same quarter last year, the business posted $0.04 EPS. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. Equities research analysts anticipate that Papa Murphy’s Holdings will post $0.21 earnings per share for the current year.

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In other Papa Murphy’s Holdings news, major shareholder Mfp Partners Lp purchased 23,187 shares of Papa Murphy’s Holdings stock in a transaction that occurred on Wednesday, June 28th. The stock was acquired at an average price of $4.41 per share, for a total transaction of $102,254.67. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought a total of 462,124 shares of company stock valued at $1,919,164 in the last 90 days. 7.60% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of FRSH. Citadel Advisors LLC acquired a new position in Papa Murphy’s Holdings during the first quarter worth approximately $107,000. KCG Holdings Inc. acquired a new position in Papa Murphy’s Holdings during the first quarter worth approximately $357,000. Renaissance Technologies LLC acquired a new position in Papa Murphy’s Holdings during the first quarter worth approximately $421,000. Signia Capital Management LLC acquired a new position in Papa Murphy’s Holdings during the first quarter worth approximately $2,610,000. Finally, Boston Partners boosted 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 worth $2,940,000 after buying an additional 13,104 shares during the last quarter. Institutional investors and hedge funds own 32.36% 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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Analyst Recommendations for Papa Murphy`s Holdings (NASDAQ:FRSH)

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