Zacks Investment Research downgraded shares of Papa Murphy’s (NASDAQ:FRSH) from a strong-buy rating to a hold rating in a report released on Thursday 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. “

Separately, ValuEngine cut shares of Papa Murphy’s from a sell rating to a strong sell rating in a research note on Thursday, September 6th.

FRSH opened at $5.18 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 0.84. The stock has a market cap of $86.50 million, a price-to-earnings ratio of 34.53, a P/E/G ratio of 1.20 and a beta of 0.33. Papa Murphy’s has a 52 week low of $4.28 and a 52 week high of $6.30.

Papa Murphy’s (NASDAQ:FRSH) last released its quarterly earnings data on Wednesday, November 7th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The firm had revenue of $28.83 million during the quarter, compared to the consensus estimate of $26.84 million. Papa Murphy’s had a net margin of 12.62% and a return on equity of 9.39%. On average, sell-side analysts forecast that Papa Murphy’s will post 0.38 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Bailard Inc. bought a new stake in Papa Murphy’s in the third quarter worth about $233,000. Millennium Management LLC raised its holdings in Papa Murphy’s by 15.5% during the 1st quarter. Millennium Management LLC now owns 69,584 shares of the company’s stock worth $338,000 after buying an additional 9,344 shares during the period. Finally, Signia Capital Management LLC raised its holdings in Papa Murphy’s by 66.0% during the 2nd quarter. Signia Capital Management LLC now owns 1,044,915 shares of the company’s stock worth $5,799,000 after buying an additional 415,442 shares during the period. Hedge funds and other institutional investors own 31.79% of the company’s stock.

About Papa Murphy’s

Papa Murphy's Holdings, Inc, together with its subsidiaries, owns, operates, and franchises Take ‘N' Bake pizza stores. The company operates in three segments: Domestic Company Stores, Domestic Franchise, and International. As of January 1, 2018, it operated approximately 1,523 stores, including 1,338 franchised and 145 company-owned stores in 39 states, as well as 14 stores in Canada and 26 stores in the Middle East.

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