Papa Murphy’s Holdings Inc. (NASDAQ:FRSH)’s share price dropped 3.2% during mid-day trading on Thursday . The stock traded as low as $7.00 and last traded at $7.00, with a volume of 82,438 shares traded. The stock had previously closed at $7.23.

FRSH has been the topic of several recent research reports. Zacks Investment Research cut shares of Papa Murphy’s Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, March 31st. TheStreet raised shares of Papa Murphy’s Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, May 25th. Jefferies Group lowered their price objective on shares of Papa Murphy’s Holdings from $19.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, March 10th. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Papa Murphy’s Holdings in a research note on Monday, May 16th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $12.00.

The firm has a 50-day moving average of $7.30 and a 200-day moving average of $9.77. The stock has a market cap of $120.28 million and a price-to-earnings ratio of 40.06.

Papa Murphy’s Holdings (NASDAQ:FRSH) last posted its earnings results on Wednesday, May 4th. The company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.09. The firm had revenue of $32.99 million for the quarter, compared to analyst estimates of $33.90 million. The business’s revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 earnings per share. On average, analysts predict that Papa Murphy’s Holdings Inc. will post $0.32 EPS for the current year.

An institutional investor recently raised its position in Papa Murphy’s Holdings stock. Boston Partners raised its position in shares of Papa Murphy’s Holdings Inc. (NASDAQ:FRSH) by 3.1% during the fourth quarter, Holdings Channel reports. The fund owned 423,001 shares of the company’s stock after buying an additional 12,667 shares during the period. Boston Partners owned approximately 2.49% of Papa Murphy’s Holdings worth $4,763,000 at the end of the most recent quarter.

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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