Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) Price Target Lowered to $4.50 at Jefferies Group LLC

Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) had its price target dropped by analysts at Jefferies Group LLC from $5.00 to $4.50 in a research report issued to clients and investors on Thursday. The firm currently has a “hold” rating on the stock. Jefferies Group LLC’s price objective would indicate a potential upside of 10.29% from the company’s current price.

A number of other research firms have also weighed in on FRSH. Zacks Investment Research lowered shares of Papa Murphy’s Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. Wells Fargo & Company lowered shares of Papa Murphy’s Holdings from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $5.25 to $5.00 in a research report on Tuesday, May 23rd. Seven equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $4.75.

Papa Murphy’s Holdings (FRSH) traded down 5.15% on Thursday, hitting $3.87. The stock had a trading volume of 88,211 shares. Papa Murphy’s Holdings has a 52-week low of $3.50 and a 52-week high of $6.88. The firm’s market cap is $65.65 million. The company’s 50 day moving average price is $4.28 and its 200 day moving average price is $4.56.

Papa Murphy’s Holdings (NASDAQ:FRSH) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.03. Papa Murphy’s Holdings had a negative net margin of 2.71% and a positive return on equity of 2.91%. The company had revenue of $29.10 million for the quarter, compared to analyst estimates of $30.89 million. During the same period in the prior year, the company posted $0.06 EPS. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. Analysts expect that Papa Murphy’s Holdings will post $0.21 EPS for the current year.

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In other news, major shareholder Mfp Partners Lp acquired 232,213 shares of Papa Murphy’s Holdings stock in a transaction that occurred on Thursday, June 22nd. The shares were bought at an average cost of $4.06 per share, with a total value of $942,784.78. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders purchased a total of 514,905 shares of company stock worth $2,140,398 over the last three months. 7.60% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. Boston Partners raised its position in shares of 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 period. Signia Capital Management LLC bought a new position in shares of Papa Murphy’s Holdings during the first quarter worth approximately $2,610,000. Citadel Advisors LLC bought a new position in shares of Papa Murphy’s Holdings during the first quarter worth approximately $107,000. Renaissance Technologies LLC bought a new position in shares of Papa Murphy’s Holdings during the first quarter worth approximately $421,000. Finally, KCG Holdings Inc. bought a new position in shares of Papa Murphy’s Holdings during the first quarter worth approximately $357,000. 31.85% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Papa Murphy`s Holdings (NASDAQ:FRSH)

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