Wall Street brokerages predict that Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) will report $30.74 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Papa Murphy’s Holdings’ earnings, with estimates ranging from $30.48 million to $30.99 million. Papa Murphy’s Holdings reported sales of $29.89 million during the same quarter last year, which would suggest a positive year over year growth rate of 2.8%. The firm is expected to report its next quarterly earnings results after the market closes on Wednesday, August 9th.

According to Zacks, analysts expect that Papa Murphy’s Holdings will report full year sales of $30.74 million for the current fiscal year, with estimates ranging from $122.49 million to $123.41 million. For the next year, analysts expect that the company will post sales of $114.27 million per share, with estimates ranging from $104.77 million to $123.77 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Papa Murphy’s Holdings.

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. Papa Murphy’s Holdings had a negative net margin of 2.71% and a positive return on equity of 2.91%. The business had revenue of $31.99 million during the quarter, compared to analyst estimates of $35.59 million. During the same quarter in the previous year, the business posted $0.04 EPS. The company’s quarterly revenue was down 3.0% compared to the same quarter last year.

Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of Papa Murphy’s Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 21st. Jefferies Group LLC reissued a “hold” rating on shares of Papa Murphy’s Holdings in a report on Thursday, May 11th. Finally, Wells Fargo & Company cut shares of Papa Murphy’s Holdings from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $5.25 to $5.00 in a report on Tuesday, May 23rd. Seven analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average price target of $4.92.

In related news, major shareholder Mfp Partners Lp acquired 232,213 shares of the business’s stock in a transaction on Thursday, June 22nd. The shares were bought at an average price of $4.06 per share, with a total value of $942,784.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have acquired 482,452 shares of company stock worth $2,004,745. 7.60% of the stock is owned by corporate insiders.

A number of hedge funds 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 worth $107,000. KCG Holdings Inc. bought a new stake in Papa Murphy’s Holdings during the first quarter worth $357,000. Renaissance Technologies LLC bought a new stake in Papa Murphy’s Holdings during the first quarter worth $421,000. Signia Capital Management LLC bought a new stake in Papa Murphy’s Holdings during the first quarter worth $2,610,000. Finally, Boston Partners boosted 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 worth $2,940,000 after buying an additional 13,104 shares during the last quarter. 31.85% of the stock is currently owned by institutional investors.

Shares of Papa Murphy’s Holdings (NASDAQ:FRSH) opened at 4.21 on Monday. The company’s market cap is $71.42 million. The stock has a 50 day moving average of $4.27 and a 200 day moving average of $4.57. Papa Murphy’s Holdings has a 12-month low of $3.56 and a 12-month high of $7.17.

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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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