Wall Street brokerages expect that Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) will post $24.38 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Papa Murphy’s Holdings’ earnings. The highest sales estimate is $24.44 million and the lowest is $24.32 million. Papa Murphy’s Holdings posted sales of $28.52 million during the same quarter last year, which would suggest a negative year over year growth rate of 14.5%. The firm is expected to issue its next earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that Papa Murphy’s Holdings will report full year sales of $24.38 million for the current year, with estimates ranging from $111.67 million to $112.56 million. For the next fiscal year, analysts forecast that the business will post sales of $88.47 million per share, with estimates ranging from $87.13 million to $89.80 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Papa Murphy’s Holdings.

Papa Murphy’s Holdings (NASDAQ:FRSH) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The firm had revenue of $29.10 million for the quarter, compared to analyst estimates of $30.89 million. Papa Murphy’s Holdings had a positive return on equity of 3.16% and a negative net margin of 8.43%. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.06 EPS.

FRSH has been the subject of several recent research reports. Zacks Investment Research cut Papa Murphy’s Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. Jefferies Group LLC dropped their price objective on Papa Murphy’s Holdings from $5.00 to $4.50 and set a “hold” rating for the company in a research note on Thursday, August 10th. Finally, Wells Fargo & Company lowered Papa Murphy’s Holdings from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $5.25 to $5.00 in a research note on Tuesday, May 23rd. Six investment analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus target price of $4.75.

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Shares of Papa Murphy’s Holdings (FRSH) opened at 5.47 on Wednesday. Papa Murphy’s Holdings has a 52-week low of $3.50 and a 52-week high of $6.88. The stock’s 50 day moving average price is $4.74 and its 200-day moving average price is $4.66. The company’s market capitalization is $92.80 million.

In other Papa Murphy’s Holdings news, CEO Jean Birch acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average price of $4.27 per share, with a total value of $42,700.00. Following the completion of the purchase, the chief executive officer now owns 33,095 shares of the company’s stock, valued at $141,315.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Mfp Partners Lp acquired 232,213 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The shares were acquired at an average cost of $4.06 per share, with a total value of $942,784.78. The disclosure for this purchase can be found here. Insiders have purchased 725,598 shares of company stock valued at $3,035,489 in the last three months. 3.10% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of FRSH. Boston Partners boosted its stake in Papa Murphy’s Holdings by 2.2% during 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. Signia Capital Management LLC bought a new stake in Papa Murphy’s Holdings during the first quarter valued at $2,610,000. Citadel Advisors LLC bought a new stake in Papa Murphy’s Holdings during the first quarter valued at $107,000. Renaissance Technologies LLC bought a new stake in Papa Murphy’s Holdings during the first quarter valued at $421,000. Finally, KCG Holdings Inc. bought a new stake in Papa Murphy’s Holdings during the first quarter valued at $357,000. 36.53% of the stock is owned by institutional investors.

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.

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