Shares of Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) have earned an average recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $4.75.

Several equities research analysts have recently weighed in on FRSH shares. Zacks Investment Research cut shares of Papa Murphy’s Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. Jefferies Group LLC reiterated a “hold” rating and set a $5.00 price objective on shares of Papa Murphy’s Holdings in a research report on Thursday, July 27th.

In other news, major shareholder Mfp Partners Lp acquired 60,617 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was bought at an average cost of $4.01 per share, for a total transaction of $243,074.17. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Weldon W. Spangler acquired 9,000 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average price of $4.51 per share, with a total value of $40,590.00. Following the completion of the transaction, the insider now owns 30,000 shares of the company’s stock, valued at $135,300. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 354,438 shares of company stock valued at $1,495,829. 3.10% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of FRSH. Citadel Advisors LLC acquired a new stake in Papa Murphy’s Holdings in the first quarter worth $107,000. Renaissance Technologies LLC acquired a new stake in Papa Murphy’s Holdings in the first quarter worth $421,000. KCG Holdings Inc. acquired a new stake in Papa Murphy’s Holdings in the first quarter worth $357,000. Verity Asset Management Inc. acquired a new stake in Papa Murphy’s Holdings in the second quarter worth $100,000. Finally, FMR LLC acquired a new stake in Papa Murphy’s Holdings in the second quarter worth $361,000. Institutional investors own 36.53% of the company’s stock.

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Shares of Papa Murphy’s Holdings (NASDAQ:FRSH) traded down 3.55% during trading on Wednesday, hitting $5.70. 40,225 shares of the stock traded hands. The firm’s market capitalization is $96.70 million. Papa Murphy’s Holdings has a 1-year low of $3.50 and a 1-year high of $6.80. The firm has a 50-day moving average of $5.63 and a 200-day moving average of $4.93.

Papa Murphy’s Holdings (NASDAQ:FRSH) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.03. Papa Murphy’s Holdings had a negative net margin of 8.43% and a positive return on equity of 3.16%. The company had revenue of $29.10 million during the quarter, compared to analysts’ expectations of $30.89 million. During the same period in the prior year, the company posted $0.06 earnings per share. Papa Murphy’s Holdings’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, equities analysts forecast that Papa Murphy’s Holdings will post $0.31 earnings per share for the current 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.

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