Equities analysts predict that Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) will announce $24.38 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Papa Murphy’s Holdings’ earnings, with estimates ranging from $24.32 million to $24.44 million. Papa Murphy’s Holdings posted sales of $28.52 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 14.5%. The firm is expected to report its next quarterly earnings report on Wednesday, November 1st.

On average, analysts expect that Papa Murphy’s Holdings will report full year sales of $24.38 million for the current financial year, with estimates ranging from $111.67 million to $112.56 million. For the next year, analysts expect that the business will report sales of $88.47 million per share, with estimates ranging from $87.13 million to $89.80 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Papa Murphy’s Holdings.

Papa Murphy’s Holdings (NASDAQ:FRSH) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ 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 for the quarter, compared to analyst estimates of $30.89 million. During the same quarter in the prior year, the business posted $0.06 EPS. Papa Murphy’s Holdings’s revenue for the quarter was down 2.6% compared to the same quarter last year.

Several research firms recently commented on FRSH. Jefferies Group LLC reduced their price target on shares of Papa Murphy’s Holdings from $5.00 to $4.50 and set a “hold” rating for the company in a research report on Thursday, August 10th. Zacks Investment Research downgraded shares of Papa Murphy’s Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. Six analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus target price of $4.75.

In other news, major shareholder Mfp Partners Lp acquired 20,328 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were bought at an average cost of $4.21 per share, with a total value of $85,580.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jean Birch acquired 10,000 shares of the company’s stock in a transaction on Monday, August 14th. The stock was purchased at an average cost of $4.27 per share, for a total transaction of $42,700.00. Following the completion of the purchase, the chief executive officer now directly owns 33,095 shares in the company, valued at approximately $141,315.65. The disclosure for this purchase can be found here. Insiders acquired a total of 263,474 shares of company stock worth $1,116,325 over the last three months. 3.10% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in FRSH. Citadel Advisors LLC acquired a new position in Papa Murphy’s Holdings in the 1st quarter valued at $107,000. Renaissance Technologies LLC acquired a new position in Papa Murphy’s Holdings in the 1st quarter valued at $421,000. KCG Holdings Inc. acquired a new position in Papa Murphy’s Holdings in the 1st quarter valued at $357,000. Verity Asset Management Inc. acquired a new position in Papa Murphy’s Holdings in the 2nd quarter valued at $100,000. Finally, FMR LLC acquired a new position in Papa Murphy’s Holdings in the 2nd quarter valued at $361,000. 36.53% of the stock is currently owned by institutional investors.

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Shares of Papa Murphy’s Holdings (NASDAQ FRSH) traded down 2.68% on Friday, reaching $5.44. 29,050 shares of the company’s stock were exchanged. Papa Murphy’s Holdings has a one year low of $3.50 and a one year high of $6.80. The firm has a 50 day moving average of $5.65 and a 200 day moving average of $4.96. The firm’s market capitalization is $92.29 million.

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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