Papa Murphy’s Holdings, Inc. (FRSH) Receives $5.13 Average PT from Brokerages

Shares of Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) have been assigned an average recommendation of “Hold” from the six research firms that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation. The average 1 year price target among analysts that have issued a report on the stock in the last year is $5.00.

A number of equities research analysts recently issued reports 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 report on Tuesday, May 23rd. Jefferies Group LLC reiterated a “hold” rating on shares of Papa Murphy’s Holdings in a report on Thursday, May 11th. Finally, Zacks Investment Research cut shares of Papa Murphy’s Holdings from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 25th.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised 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. Vanguard Group Inc. raised its position in shares of Papa Murphy’s Holdings by 1.0% in the first quarter. Vanguard Group Inc. now owns 483,380 shares of the company’s stock worth $2,306,000 after buying an additional 5,000 shares in the last quarter. Boston Partners raised its position in shares of 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 in the last quarter. Citadel Advisors LLC bought a new position in shares of Papa Murphy’s Holdings during the first quarter worth approximately $107,000. Finally, Morgan Stanley raised 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. 32.30% of the stock is owned by institutional investors and hedge funds.

Papa Murphy’s Holdings (NASDAQ:FRSH) opened at 4.07 on Friday. Papa Murphy’s Holdings has a one year low of $3.56 and a one year high of $7.80. The firm’s market cap is $69.05 million. The company has a 50-day moving average price of $4.77 and a 200-day moving average price of $4.63.

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

Papa Murphy’s Holdings Company Profile

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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