Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday.

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. “

A number of other brokerages have also recently commented on FRSH. Wells Fargo & Company cut 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 report on Tuesday, May 23rd. Jefferies Group LLC restated a “hold” rating on shares of Papa Murphy’s Holdings in a research report on Thursday, May 11th. Seven investment analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average price target of $5.08.

Shares of Papa Murphy’s Holdings (NASDAQ FRSH) traded down 0.22% during midday trading on Friday, hitting $4.54. 179,977 shares of the stock traded hands. The stock has a 50 day moving average of $4.32 and a 200 day moving average of $4.58. Papa Murphy’s Holdings has a 1-year low of $3.56 and a 1-year high of $7.49. The company’s market capitalization is $77.02 million.

Papa Murphy’s Holdings (NASDAQ:FRSH) last issued its quarterly earnings results on Wednesday, May 10th. The company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.11. Papa Murphy’s Holdings had a positive return on equity of 2.91% and a negative net margin of 2.71%. The company had revenue of $31.99 million for the quarter, compared to analysts’ expectations of $35.59 million. During the same quarter last year, the business earned $0.04 earnings per share. Papa Murphy’s Holdings’s revenue was down 3.0% on a year-over-year basis. Equities research analysts predict that Papa Murphy’s Holdings will post $0.21 earnings per share for the current fiscal year.

WARNING: “Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) Cut to Hold at Zacks Investment Research” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/07/21/papa-murphys-holdings-inc-nasdaqfrsh-cut-to-hold-at-zacks-investment-research.html.

In related news, major shareholder Mfp Partners Lp purchased 232,213 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The shares were bought at an average price of $4.06 per share, for a total transaction of $942,784.78. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 462,124 shares of company stock worth $1,919,164 in the last 90 days. 7.60% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in FRSH. Boston Partners raised its stake in Papa Murphy’s Holdings by 2.2% in the first quarter. Boston Partners now owns 616,342 shares of the company’s stock valued at $2,940,000 after buying an additional 13,104 shares during the period. KCG Holdings Inc. acquired a new stake in Papa Murphy’s Holdings during the first quarter valued at $357,000. Citadel Advisors LLC acquired a new stake in Papa Murphy’s Holdings during the first quarter valued at $107,000. Signia Capital Management LLC acquired a new stake in Papa Murphy’s Holdings during the first quarter valued at $2,610,000. Finally, Renaissance Technologies LLC acquired a new stake in Papa Murphy’s Holdings during the first quarter valued at $421,000. 32.36% of the stock is currently owned by institutional investors and hedge funds.

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.

Get a free copy of the Zacks research report on Papa Murphy’s Holdings (FRSH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Papa Murphy's Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Papa Murphy's Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.