Zacks Investment Research upgraded shares of Papa Murphy’s Holdings Inc. (NASDAQ:FRSH) from a sell rating to a hold rating in a research note published on Wednesday morning.

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. “

Other research analysts have also recently issued research reports about the stock. Jefferies Group restated a hold rating and issued a $7.00 target price (down previously from $9.00) on shares of Papa Murphy’s Holdings in a research report on Thursday, August 4th. TheStreet upgraded shares of Papa Murphy’s Holdings from a sell rating to a hold rating in a research report on Wednesday, May 25th. Finally, Robert W. Baird restated a neutral rating on shares of Papa Murphy’s Holdings in a research report on Thursday, September 8th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $11.00.

Papa Murphy’s Holdings (NASDAQ:FRSH) opened at 6.24 on Wednesday. The stock’s 50 day moving average is $5.99 and its 200-day moving average is $8.33. Papa Murphy’s Holdings has a 52 week low of $5.15 and a 52 week high of $17.85. The stock has a market capitalization of $105.86 million, a PE ratio of 19.50 and a beta of 0.17.

Papa Murphy’s Holdings (NASDAQ:FRSH) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Papa Murphy’s Holdings had a net margin of 4.29% and a return on equity of 4.75%. The business earned $29.90 million during the quarter, compared to the consensus estimate of $33.44 million. During the same quarter in the prior year, the firm earned $0.09 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities research analysts forecast that Papa Murphy’s Holdings will post $0.26 EPS for the current year.

In other Papa Murphy’s Holdings news, Director L David Mounts bought 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The stock was acquired at an average cost of $5.26 per share, with a total value of $263,000.00. Following the completion of the purchase, the director now directly owns 7,944 shares in the company, valued at $41,785.44. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Brandon Solano purchased 20,001 shares of Papa Murphy’s Holdings stock in a transaction that occurred on Friday, August 12th. The stock was purchased at an average price of $5.79 per share, with a total value of $115,805.79. Following the transaction, the insider now owns 20,001 shares in the company, valued at approximately $115,805.79. The disclosure for this purchase can be found here. Corporate insiders own 7.60% of the company’s stock.

Large investors have recently modified their holdings of the stock. Spark Investment Management LLC purchased a new stake in shares of Papa Murphy’s Holdings during the first quarter valued at approximately $198,000. California Public Employees Retirement System purchased a new stake in shares of Papa Murphy’s Holdings during the second quarter valued at approximately $117,000. Renaissance Technologies LLC purchased a new stake in shares of Papa Murphy’s Holdings during the first quarter valued at approximately $231,000. Monarch Partners Asset Management LLC purchased a new stake in shares of Papa Murphy’s Holdings during the second quarter valued at approximately $214,000. Finally, Menta Capital LLC increased its stake in shares of Papa Murphy’s Holdings by 7.1% in the second quarter. Menta Capital LLC now owns 33,736 shares of the company’s stock valued at $224,000 after buying an additional 2,232 shares during the period. Institutional investors and hedge funds own 83.50% of the company’s stock.

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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