Papa Murphy's Holdings Inc Forecasted to Post Q1 2017 Earnings of $0.05 Per Share (FRSH)

Papa Murphy's Holdings Inc (NASDAQ:FRSH) – Equities researchers at Jefferies Group upped their Q1 2017 earnings per share estimates for shares of Papa Murphy's Holdings in a research report issued on Wednesday. Jefferies Group analyst A. Barish now forecasts that the firm will earn $0.05 per share for the quarter, up from their prior estimate of ($0.01). Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for Papa Murphy's Holdings’ Q4 2017 earnings at $0.13 EPS, FY2017 earnings at $0.21 EPS and FY2018 earnings at $0.27 EPS.

Separately, Zacks Investment Research upgraded Papa Murphy's Holdings from a “sell” rating to a “buy” rating and set a $4.75 price target on the stock in a research note on Monday, February 20th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Papa Murphy's Holdings currently has a consensus rating of “Hold” and an average target price of $7.08.

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Shares of Papa Murphy's Holdings (NASDAQ:FRSH) opened at 4.04 on Monday. Papa Murphy's Holdings has a 12 month low of $3.56 and a 12 month high of $12.96. The firm has a 50-day moving average of $4.28 and a 200 day moving average of $4.97. The company has a market cap of $68.54 million, a price-to-earnings ratio of 17.80 and a beta of 0.10.

Papa Murphy's Holdings (NASDAQ:FRSH) last announced its quarterly earnings data on Wednesday, March 15th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.02 by $0.07. The business had revenue of $35.49 million for the quarter, compared to analyst estimates of $35.90 million. Papa Murphy's Holdings had a net margin of 3.04% and a return on equity of 3.13%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 earnings per share.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fort Point Capital Partners LLC purchased a new position in Papa Murphy's Holdings during the third quarter worth about $122,000. Clearline Capital LP purchased a new position in Papa Murphy's Holdings during the third quarter worth about $475,000. Boston Partners increased its position in Papa Murphy's Holdings by 7.3% in the third quarter. Boston Partners now owns 586,961 shares of the company’s stock worth $3,786,000 after buying an additional 39,947 shares in the last quarter. Finally, 12 West Capital Management LP purchased a new position in Papa Murphy's Holdings during the fourth quarter worth about $4,506,000. Hedge funds and other institutional investors own 70.99% 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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