Jefferies Group LLC reiterated their hold rating on shares of Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) in a research report sent to investors on Thursday. The brokerage currently has a $5.00 price target on the stock.

Several other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Papa Murphy’s Holdings from a buy rating to a hold rating in a research note on Friday, July 21st. Wells Fargo & Company lowered shares of Papa Murphy’s Holdings from an outperform rating to a market perform rating and decreased their price target for the stock from $5.25 to $5.00 in a research note on Tuesday, May 23rd. Seven investment analysts have rated the stock with a hold rating, Papa Murphy’s Holdings has a consensus rating of Hold and an average target price of $4.92.

Papa Murphy’s Holdings (FRSH) traded down 1.62% during trading on Thursday, hitting $4.26. The stock had a trading volume of 100,573 shares. The firm’s market capitalization is $72.27 million. The firm has a 50 day moving average price of $4.28 and a 200-day moving average price of $4.58. Papa Murphy’s Holdings has a 1-year low of $3.56 and a 1-year high of $7.25.

Papa Murphy’s Holdings (NASDAQ:FRSH) last issued its quarterly earnings results on Wednesday, May 10th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.11. Papa Murphy’s Holdings had a negative net margin of 2.71% and a positive return on equity of 2.91%. The company had revenue of $31.99 million during the quarter, compared to analyst estimates of $35.59 million. During the same quarter last year, the business posted $0.04 EPS. Papa Murphy’s Holdings’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, equities research analysts expect that Papa Murphy’s Holdings will post $0.21 EPS for the current year.

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In other Papa Murphy’s Holdings news, major shareholder Mfp Partners Lp acquired 23,187 shares of Papa Murphy’s Holdings stock in a transaction that occurred on Wednesday, June 28th. The stock was acquired at an average cost of $4.41 per share, for a total transaction of $102,254.67. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders purchased a total of 462,124 shares of company stock valued at $1,919,164 over the last quarter. 7.60% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FRSH. Citadel Advisors LLC acquired a new position in Papa Murphy’s Holdings during the first quarter worth $107,000. KCG Holdings Inc. acquired a new position in Papa Murphy’s Holdings during the first quarter worth $357,000. Renaissance Technologies LLC acquired a new position in Papa Murphy’s Holdings during the first quarter worth $421,000. Signia Capital Management LLC acquired a new position in Papa Murphy’s Holdings during the first quarter worth $2,610,000. Finally, Boston Partners raised its position in Papa Murphy’s Holdings by 2.2% in the first quarter. Boston Partners now owns 616,342 shares of the company’s stock worth $2,940,000 after buying an additional 13,104 shares in the last quarter. Institutional investors and hedge funds own 32.41% 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.

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

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