Insider Buying: Papa Murphy’s Holdings, Inc. (FRSH) Major Shareholder Buys 232,213 Shares of Stock
Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) major shareholder Mfp Partners Lp bought 232,213 shares of the firm’s stock in a transaction on Thursday, June 22nd. The stock was bought at an average cost of $4.06 per share, for a total transaction of $942,784.78. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Papa Murphy’s Holdings, Inc. (FRSH) traded up 1.50% during mid-day trading on Thursday, hitting $4.07. 127,064 shares of the stock traded hands. The stock has a 50 day moving average price of $4.72 and a 200-day moving average price of $4.61. The company’s market cap is $69.05 million. Papa Murphy’s Holdings, Inc. has a one year low of $3.56 and a one year high of $7.80.
Papa Murphy’s Holdings (NASDAQ:FRSH) last posted its quarterly earnings results on Wednesday, May 10th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.11. The company had revenue of $31.99 million during the quarter, compared to analysts’ expectations of $35.59 million. Papa Murphy’s Holdings had a positive return on equity of 2.91% and a negative net margin of 2.71%. The firm’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.04 EPS. On average, analysts forecast that Papa Murphy’s Holdings, Inc. will post $0.21 earnings per share for the current fiscal year.
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Hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new stake in Papa Murphy’s Holdings during the first quarter valued at approximately $107,000. Geode Capital Management LLC boosted its stake in shares of Papa Murphy’s Holdings by 0.4% in the first quarter. Geode Capital Management LLC now owns 73,738 shares of the company’s stock worth $351,000 after buying an additional 330 shares during the last quarter. KCG Holdings Inc. purchased a new stake in shares of Papa Murphy’s Holdings during the first quarter worth about $357,000. Morgan Stanley boosted its stake in shares of Papa Murphy’s Holdings by 123.6% in the first quarter. Morgan Stanley now owns 78,002 shares of the company’s stock worth $372,000 after buying an additional 43,113 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Papa Murphy’s Holdings during the first quarter worth about $421,000. Institutional investors own 32.30% of the company’s stock.
A number of research firms have commented on FRSH. Jefferies Group LLC reaffirmed a “hold” rating on shares of Papa Murphy’s Holdings in a research report on Thursday, May 11th. Zacks Investment Research cut shares of Papa Murphy’s Holdings from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 25th. Finally, Wells Fargo & Company cut shares of Papa Murphy’s Holdings from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $5.25 to $5.00 in a research report on Tuesday, May 23rd. Six equities research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $5.08.
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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