Papa Murphy's (NASDAQ:FRSH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.
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. “
Shares of Papa Murphy's (FRSH) opened at $5.20 on Monday. The company has a current ratio of 0.31, a quick ratio of 0.28 and a debt-to-equity ratio of 1.04. Papa Murphy's has a twelve month low of $3.50 and a twelve month high of $6.80. The firm has a market capitalization of $88.22, a price-to-earnings ratio of -7.32, a P/E/G ratio of 2.50 and a beta of 0.07.
Large investors have recently made changes to their positions in the stock. Spark Investment Management LLC bought a new position in Papa Murphy's during the 4th quarter worth $100,000. Dimensional Fund Advisors LP raised its position in Papa Murphy's by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 48,466 shares of the company’s stock worth $212,000 after purchasing an additional 1,863 shares during the last quarter. Two Sigma Investments LP bought a new position in Papa Murphy's during the 4th quarter worth $248,000. Millennium Management LLC raised its position in Papa Murphy's by 106.8% during the 4th quarter. Millennium Management LLC now owns 60,240 shares of the company’s stock worth $324,000 after purchasing an additional 31,107 shares during the last quarter. Finally, FMR LLC bought a new position in Papa Murphy's during the 2nd quarter worth $361,000. 32.33% of the stock is owned by institutional investors and hedge funds.
About Papa Murphy's
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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