Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) posted its earnings results on Wednesday. The company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.03, Bloomberg Earnings reports. The company had revenue of $29.10 million for the quarter, compared to the consensus estimate of $30.89 million. Papa Murphy’s Holdings had a positive return on equity of 3.09% and a negative net margin of 8.43%. Papa Murphy’s Holdings’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 earnings per share.

Papa Murphy’s Holdings (NASDAQ:FRSH) traded up 2.00% during trading on Friday, hitting $4.09. The stock had a trading volume of 62,119 shares. The stock’s market cap is $69.39 million. The firm’s 50-day moving average price is $4.28 and its 200-day moving average price is $4.56. Papa Murphy’s Holdings has a 1-year low of $3.50 and a 1-year high of $6.88.

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FRSH has been the topic of a number of research analyst reports. Jefferies Group LLC reiterated a “hold” rating on shares of Papa Murphy’s Holdings in a research report on Thursday, May 11th. Wells Fargo & Company downgraded 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. Finally, Zacks Investment Research downgraded Papa Murphy’s Holdings from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 25th. Seven equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus target price of $4.75.

In related news, major shareholder Mfp Partners Lp acquired 232,213 shares of Papa Murphy’s Holdings stock in a transaction dated Thursday, June 22nd. The stock was acquired at an average cost of $4.06 per share, with a total value of $942,784.78. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last ninety days, insiders have acquired 628,939 shares of company stock valued at $2,598,399. 7.60% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in FRSH. Citadel Advisors LLC bought a new stake in Papa Murphy’s Holdings during the first quarter valued at $107,000. Verity Asset Management Inc. bought a new stake in Papa Murphy’s Holdings during the second quarter valued at $100,000. KCG Holdings Inc. bought a new stake in Papa Murphy’s Holdings during the first quarter valued at $357,000. FMR LLC bought a new stake in Papa Murphy’s Holdings during the second quarter valued at $361,000. Finally, Renaissance Technologies LLC bought a new stake in Papa Murphy’s Holdings during the first quarter valued at $421,000. 31.85% of the stock is owned by institutional investors and hedge funds.

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.

Earnings History for Papa Murphy`s Holdings (NASDAQ:FRSH)

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