Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.

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. “

Several other research analysts have also commented on the company. Robert W. Baird reissued a “neutral” rating on shares of Papa Murphy’s Holdings in a research report on Thursday, September 8th. Jefferies Group reissued a “hold” rating and issued a $5.50 price target on shares of Papa Murphy’s Holdings in a research report on Friday, November 4th. Citigroup Inc. lowered Papa Murphy’s Holdings from an “outperform” rating to a “market perform” rating in a research report on Friday, November 4th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Papa Murphy’s Holdings in a research report on Friday, November 4th. Six investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average price target of $10.50.

Papa Murphy’s Holdings (NASDAQ:FRSH) opened at 4.55 on Wednesday. The stock has a market capitalization of $77.19 million, a PE ratio of 20.04 and a beta of 0.07. The firm has a 50-day moving average price of $4.58 and a 200 day moving average price of $5.79. Papa Murphy’s Holdings has a 12 month low of $3.56 and a 12 month high of $12.96.

Papa Murphy’s Holdings (NASDAQ:FRSH) last released its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.08. The company earned $28.50 million during the quarter, compared to the consensus estimate of $31.26 million. Papa Murphy’s Holdings had a return on equity of 3.13% and a net margin of 3.04%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 earnings per share. Equities analysts anticipate that Papa Murphy’s Holdings will post $0.10 earnings per share for the current year.

WARNING: This story was originally posted by Watch List News and is the propert of of Watch List News. If you are accessing this story on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The correct version of this story can be read at http://www.watchlistnews.com/zacks-investment-research-upgrades-papa-murphys-holdings-inc-frsh-to-hold/1049429.html.

In other Papa Murphy’s Holdings news, CFO Mark Edward Hutchens bought 10,000 shares of Papa Murphy’s Holdings stock in a transaction that occurred on Monday, November 7th. The shares were bought at an average cost of $3.99 per share, with a total value of $39,900.00. Following the transaction, the chief financial officer now directly owns 36,017 shares of the company’s stock, valued at approximately $143,707.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director L David Mounts bought 100,000 shares of Papa Murphy’s Holdings stock in a transaction that occurred on Friday, November 18th. The shares were acquired at an average cost of $4.42 per share, for a total transaction of $442,000.00. Following the completion of the transaction, the director now directly owns 7,944 shares in the company, valued at $35,112.48. The disclosure for this purchase can be found here. Corporate insiders own 7.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. California Public Employees Retirement System purchased a new position in shares of Papa Murphy’s Holdings during the second quarter worth $117,000. Fort Point Capital Partners LLC purchased a new position in shares of Papa Murphy’s Holdings during the third quarter worth $122,000. Northern Trust Corp raised its position in shares of Papa Murphy’s Holdings by 41.9% in the third quarter. Northern Trust Corp now owns 19,735 shares of the company’s stock worth $127,000 after buying an additional 5,827 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Papa Murphy’s Holdings by 28.4% in the third quarter. Bank of New York Mellon Corp now owns 22,233 shares of the company’s stock worth $144,000 after buying an additional 4,921 shares in the last quarter. Finally, Monarch Partners Asset Management LLC purchased a new position in shares of Papa Murphy’s Holdings during the second quarter worth $214,000. 70.64% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:FRSH

Get a free copy of the Zacks research report on Papa Murphy’s Holdings (FRSH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Papa Murphy's Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Papa Murphy's Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.