Shares of Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) have earned a consensus rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $4.75.

Several research firms recently weighed in on FRSH. Jefferies Group LLC reduced their target price on shares of 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. Zacks Investment Research cut shares of Papa Murphy’s Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 21st.

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In other Papa Murphy’s Holdings news, major shareholder Mfp Partners Lp purchased 30,968 shares of the business’s stock in a transaction on Friday, July 14th. The stock was purchased at an average price of $4.20 per share, for a total transaction of $130,065.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Weldon W. Spangler purchased 9,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were acquired at an average price of $4.51 per share, with a total value of $40,590.00. Following the purchase, the insider now owns 30,000 shares of the company’s stock, valued at $135,300. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 385,606 shares of company stock valued at $1,626,734. Corporate insiders own 3.10% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. KCG Holdings Inc. bought a new position in Papa Murphy’s Holdings during the first quarter worth about $357,000. B. Riley Financial Inc. bought a new position in Papa Murphy’s Holdings during the second quarter worth about $437,000. Citadel Advisors LLC bought a new position in Papa Murphy’s Holdings during the first quarter worth about $107,000. Verity Asset Management Inc. bought a new position in Papa Murphy’s Holdings during the second quarter worth about $100,000. Finally, Dimensional Fund Advisors LP lifted its stake in Papa Murphy’s Holdings by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 48,466 shares of the company’s stock worth $212,000 after purchasing an additional 1,863 shares during the period. Hedge funds and other institutional investors own 36.53% of the company’s stock.

Papa Murphy’s Holdings (FRSH) traded down 3.40% on Wednesday, hitting $5.96. The company had a trading volume of 48,265 shares. The stock’s market cap is $101.02 million. The firm’s 50 day moving average price is $5.58 and its 200 day moving average price is $4.90. Papa Murphy’s Holdings has a 12-month low of $3.50 and a 12-month high of $6.80.

Papa Murphy’s Holdings (NASDAQ:FRSH) last released its earnings results on Wednesday, August 9th. The company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.03. Papa Murphy’s Holdings had a negative net margin of 8.43% and a positive return on equity of 3.16%. The business had revenue of $29.10 million during the quarter, compared to analysts’ expectations of $30.89 million. During the same quarter last year, the company earned $0.06 earnings per share. The firm’s revenue was down 2.6% on a year-over-year basis. Equities analysts predict that Papa Murphy’s Holdings will post $0.31 earnings per share for the current fiscal 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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