Zacks Investment Research upgraded shares of Papa Murphy's (NASDAQ:FRSH) from a hold rating to a buy rating in a research note published on Tuesday. They currently have $5.75 price target on the stock.
According to Zacks, “Papa Murphy’s Holdings Inc. operates as a franchisor and operator of the Take ‘N’ Bake pizza chain in the United States. The Company operates in three segments: Domestic Company Stores, Domestic Franchise and International. In addition to scratch-made pizzas, the company offers a growing menu of grab ‘n’ go items, including salads, sides and desserts. Papa Murphy’s Holdings Inc. is based in Vancouver, Washington. “
Papa Murphy's (NASDAQ:FRSH) opened at $5.20 on Tuesday. The firm has a market capitalization of $82.79, a price-to-earnings ratio of -7.32, a price-to-earnings-growth ratio of 2.71 and a beta of 0.14. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.28 and a current ratio of 0.31. Papa Murphy's has a 12 month low of $3.50 and a 12 month high of $6.80.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FRSH. Dimensional Fund Advisors LP boosted its stake in Papa Murphy's 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 buying an additional 1,863 shares during the last quarter. Signia Capital Management LLC boosted its stake in Papa Murphy's by 2.9% during the third quarter. Signia Capital Management LLC now owns 546,739 shares of the company’s stock worth $3,253,000 after buying an additional 15,343 shares during the last quarter. Spark Investment Management LLC acquired a new position in Papa Murphy's during the fourth quarter worth $100,000. Two Sigma Investments LP acquired a new position in Papa Murphy's during the fourth quarter worth $248,000. Finally, Fondren Management LP acquired a new position in Papa Murphy's during the fourth quarter worth $834,000. 30.44% of the stock is currently owned by institutional investors.
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About Papa Murphy's
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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