Shares of Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) have been assigned an average rating of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $4.75.

A number of research firms recently commented on FRSH. 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 report on Tuesday, May 23rd. Zacks Investment Research downgraded Papa Murphy’s Holdings from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 25th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $5.00 target price on shares of Papa Murphy’s Holdings in a report on Thursday, July 27th.

In other news, Director L David Mounts bought 23,879 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average price of $4.49 per share, with a total value of $107,216.71. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Mfp Partners Lp bought 32,780 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were purchased at an average cost of $4.71 per share, with a total value of $154,393.80. 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 ninety days. Corporate insiders own 3.10% of the company’s stock.

A number of hedge funds have recently made changes to their positions in FRSH. Signia Capital Management LLC purchased a new position in Papa Murphy’s Holdings during the first quarter valued at approximately $2,610,000. B. Riley Financial Inc. purchased a new position in Papa Murphy’s Holdings during the second quarter valued at approximately $437,000. Renaissance Technologies LLC purchased a new position in Papa Murphy’s Holdings during the first quarter valued at approximately $421,000. FMR LLC purchased a new position in Papa Murphy’s Holdings during the second quarter valued at approximately $361,000. Finally, KCG Holdings Inc. purchased a new position in Papa Murphy’s Holdings during the first quarter valued at approximately $357,000. Institutional investors own 36.53% of the company’s stock.

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Papa Murphy’s Holdings (NASDAQ FRSH) traded down 0.96% during midday trading on Friday, hitting $5.14. 94,040 shares of the stock traded hands. Papa Murphy’s Holdings has a 12 month low of $3.50 and a 12 month high of $6.88. The stock’s market cap is $87.20 million. The company has a 50-day moving average of $4.84 and a 200-day moving average of $4.68.

Papa Murphy’s Holdings (NASDAQ:FRSH) last released its earnings results on Wednesday, August 9th. The company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.03. Papa Murphy’s Holdings had a positive return on equity of 3.16% and a negative net margin of 8.43%. The firm had revenue of $29.10 million during the quarter, compared to the consensus estimate of $30.89 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue was down 2.6% compared to the same quarter last year. On average, equities research analysts anticipate that Papa Murphy’s Holdings will post $0.31 earnings per share for the current year.

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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