Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) has received an average rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $4.75.

Several analysts have commented on FRSH shares. Wells Fargo & Company downgraded shares of Papa Murphy’s Holdings from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $5.25 to $5.00 in a research report on Tuesday, May 23rd. Jefferies Group LLC reissued a “hold” rating on shares of Papa Murphy’s Holdings in a research report on Thursday, May 11th. Finally, Zacks Investment Research raised shares of Papa Murphy’s Holdings from a “hold” rating to a “buy” rating and set a $4.75 target price for the company in a research report on Thursday, July 20th.

In other news, major shareholder Mfp Partners Lp acquired 32,780 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was acquired at an average cost of $4.71 per share, with a total value of $154,393.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jean Birch acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were purchased at an average cost of $4.27 per share, with a total value of $42,700.00. Following the completion of the acquisition, the chief executive officer now owns 33,095 shares in the company, valued at approximately $141,315.65. The disclosure for this purchase can be found here. Insiders acquired 725,598 shares of company stock valued at $3,035,489 over the last three months. Insiders own 3.10% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Boston Partners increased its stake in Papa Murphy’s Holdings by 2.2% in the first quarter. Boston Partners now owns 616,342 shares of the company’s stock valued at $2,940,000 after buying an additional 13,104 shares in the last quarter. Signia Capital Management LLC purchased a new stake in Papa Murphy’s Holdings during the first quarter valued at about $2,610,000. Citadel Advisors LLC purchased a new stake in Papa Murphy’s Holdings during the first quarter valued at about $107,000. Renaissance Technologies LLC purchased a new stake in Papa Murphy’s Holdings during the first quarter valued at about $421,000. Finally, KCG Holdings Inc. purchased a new stake in Papa Murphy’s Holdings during the first quarter valued at about $357,000. 31.69% of the stock is owned by institutional investors and hedge funds.

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Papa Murphy’s Holdings (FRSH) traded up 3.24% during mid-day trading on Tuesday, hitting $5.73. The stock had a trading volume of 260,732 shares. The company has a 50 day moving average price of $4.39 and a 200-day moving average price of $4.58. Papa Murphy’s Holdings has a one year low of $3.50 and a one year high of $6.88. The company’s market cap is $97.21 million.

Papa Murphy’s Holdings (NASDAQ:FRSH) last posted its earnings results on Wednesday, August 9th. The company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.03. The company had revenue of $29.10 million during the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 earnings per share. Equities analysts expect that Papa Murphy’s Holdings will post $0.31 earnings per share for the current fiscal year.

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.

Analyst Recommendations for Papa Murphy`s Holdings (NASDAQ:FRSH)

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