Brokerages expect that Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) will post $24.38 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Papa Murphy’s Holdings’ earnings. The highest sales estimate is $24.44 million and the lowest is $24.32 million. Papa Murphy’s Holdings posted sales of $28.52 million during the same quarter last year, which suggests a negative year over year growth rate of 14.5%. The company is expected to issue its next earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that Papa Murphy’s Holdings will report full-year sales of $24.38 million for the current fiscal year, with estimates ranging from $111.67 million to $112.56 million. For the next year, analysts anticipate that the firm will report sales of $88.47 million per share, with estimates ranging from $87.13 million to $89.80 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Papa Murphy’s Holdings.

Papa Murphy’s Holdings (NASDAQ:FRSH) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.03. The business had revenue of $29.10 million for the quarter, compared to analysts’ expectations of $30.89 million. Papa Murphy’s Holdings had a negative net margin of 8.43% and a positive return on equity of 3.16%. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 EPS.

A number of brokerages have recently commented on FRSH. Jefferies Group LLC reissued a “hold” rating and set a $5.00 price target on shares of Papa Murphy’s Holdings in a report on Thursday, July 27th. Zacks Investment Research cut shares of Papa Murphy’s Holdings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Six investment analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of $4.75.

Shares of Papa Murphy’s Holdings (NASDAQ FRSH) opened at 5.95 on Monday. The company has a 50 day moving average of $4.90 and a 200 day moving average of $4.71. Papa Murphy’s Holdings has a 52 week low of $3.50 and a 52 week high of $6.88. The firm’s market cap is $100.94 million.

In other news, Director L David Mounts bought 23,879 shares of the business’s stock in a transaction on Monday, August 21st. The stock was purchased at an average cost of $4.49 per share, for a total transaction of $107,216.71. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Mfp Partners Lp bought 16,755 shares of the business’s stock in a transaction on Wednesday, July 5th. The stock was purchased at an average price of $4.24 per share, with a total value of $71,041.20. The disclosure for this purchase can be found here. Insiders have purchased 433,666 shares of company stock worth $1,829,912 in the last quarter. Company insiders own 3.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Citadel Advisors LLC acquired a new position in shares of Papa Murphy’s Holdings during the 1st quarter valued at $107,000. Verity Asset Management Inc. bought a new stake in shares of Papa Murphy’s Holdings in the 2nd quarter worth $100,000. Dimensional Fund Advisors LP raised its stake in shares of Papa Murphy’s Holdings by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 48,466 shares of the company’s stock worth $212,000 after buying an additional 1,863 shares in the last quarter. KCG Holdings Inc. bought a new stake in shares of Papa Murphy’s Holdings in the 1st quarter worth $357,000. Finally, FMR LLC bought a new stake in shares of Papa Murphy’s Holdings in the 2nd quarter worth $361,000. 36.53% of the stock is owned by hedge funds and other institutional investors.

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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.

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