Papa Murphy’s (NASDAQ:FRSH) Lowered to “Hold” at Zacks Investment Research

Papa Murphy’s (NASDAQ:FRSH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday, March 9th.

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. “

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Shares of FRSH stock traded down $0.05 on Friday, reaching $4.81. The company had a trading volume of 21,597 shares, compared to its average volume of 73,464. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.34 and a quick ratio of 0.31. The stock has a market cap of $82.48, a PE ratio of 32.40, a price-to-earnings-growth ratio of 2.46 and a beta of 0.11. Papa Murphy’s has a 12 month low of $3.50 and a 12 month high of $6.80.

Papa Murphy’s (NASDAQ:FRSH) last announced its quarterly earnings results on Wednesday, March 14th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.14. Papa Murphy’s had a positive return on equity of 7.96% and a negative net margin of 0.01%. The company had revenue of $30.74 million during the quarter, compared to analysts’ expectations of $30.35 million. research analysts anticipate that Papa Murphy’s will post 0.25 earnings per share for the current year.

In other Papa Murphy’s news, major shareholder Mfp Partners Lp bought 78,700 shares of the stock in a transaction that occurred on Friday, March 16th. The stock was acquired at an average cost of $5.50 per share, with a total value of $432,850.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders have purchased 292,891 shares of company stock valued at $1,573,307. 3.10% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Spark Investment Management LLC bought a new stake in Papa Murphy’s during the 4th quarter worth approximately $100,000. Two Sigma Investments LP bought a new position in shares of Papa Murphy’s during the 4th quarter worth approximately $248,000. Dimensional Fund Advisors LP grew its stake in shares of 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 acquiring an additional 1,863 shares in the last quarter. Millennium Management LLC grew its stake in shares of 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 acquiring an additional 31,107 shares in the last quarter. Finally, FMR LLC bought a new position in shares of Papa Murphy’s during the 2nd quarter worth approximately $361,000. 30.65% of the stock is owned by institutional investors and hedge funds.

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Papa Murphy’s Company Profile

Papa Murphy's Holdings, Inc, together with its subsidiaries, owns, operates, and franchises Take ?N' Bake pizza stores. As of May 10, 2017, it operated approximately 1,500 stores franchised and corporate-owned pizza stores in 39 states, Canada, and United Arab Emirates. The company was founded in 1981 and is headquartered in Vancouver, Washington.

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