Papa Murphy’s Holdings Inc. (NASDAQ:FRSH)’s share price dropped 4.4% during trading on Tuesday . The company traded as low as $6.78 and last traded at $6.80, with a volume of 113,295 shares traded. The stock had previously closed at $7.11.

A number of brokerages have recently issued reports on FRSH. Zacks Investment Research cut Papa Murphy’s Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, April 6th. Robert W. Baird cut Papa Murphy’s Holdings from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $13.00 to $11.00 in a report on Thursday, May 5th. Jefferies Group cut Papa Murphy’s Holdings from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $14.00 to $10.00 in a report on Thursday, May 5th. Finally, TheStreet upgraded Papa Murphy’s Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, May 25th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $12.00.

The firm has a market capitalization of $115.36 million and a P/E ratio of 38.42. The firm’s 50 day moving average price is $7.09 and its 200-day moving average price is $9.26.

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 Zacks’ consensus estimate of $0.13 by $0.09. During the same quarter in the previous year, the company earned $0.15 EPS. The company had revenue of $32.99 million for the quarter, compared to the consensus estimate of $33.90 million. Papa Murphy’s Holdings’s revenue was up 13.1% compared to the same quarter last year. Analysts predict that Papa Murphy’s Holdings Inc. will post $0.32 EPS for the current year.

A hedge fund recently raised its stake in Papa Murphy’s Holdings stock. Boston Partners raised its position in Papa Murphy’s Holdings Inc. (NASDAQ:FRSH) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the SEC.

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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