Jefferies Group Analysts Reduce Earnings Estimates for Papa Murphy’s Holdings, Inc. (FRSH)
Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) – Stock analysts at Jefferies Group decreased their Q4 2017 earnings per share (EPS) estimates for Papa Murphy’s Holdings in a note issued to investors on Wednesday. Jefferies Group analyst A. Barish now forecasts that the company will post earnings per share of $0.01 for the quarter, down from their previous forecast of $0.05. Jefferies Group has a “Hold” rating and a $4.50 price objective on the stock. Jefferies Group also issued estimates for Papa Murphy’s Holdings’ Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.04 EPS and FY2018 earnings at $0.22 EPS.
Separately, Zacks Investment Research raised Papa Murphy’s Holdings from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a research report on Thursday, July 20th.
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Shares of Papa Murphy’s Holdings (NASDAQ:FRSH) opened at $5.70 on Friday. Papa Murphy’s Holdings has a 52-week low of $3.50 and a 52-week high of $6.80. The stock has a market capitalization of $96.70, a P/E ratio of 20.36, a PEG ratio of 2.09 and a beta of 0.03. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.34 and a quick ratio of 0.30.
Papa Murphy’s Holdings (NASDAQ:FRSH) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.04. Papa Murphy’s Holdings had a positive return on equity of 4.95% and a negative net margin of 9.72%. The company had revenue of $26.80 million during the quarter, compared to analysts’ expectations of $25.03 million. During the same period last year, the firm posted ($0.03) earnings per share. The business’s revenue was down 6.0% on a year-over-year basis.
In other Papa Murphy’s Holdings news, insider Weldon W. Spangler acquired 21,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was bought at an average cost of $4.39 per share, with a total value of $92,190.00. Following the completion of the transaction, the insider now directly owns 11,000 shares in the company, valued at approximately $48,290. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Mfp Partners Lp bought 32,780 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were purchased at an average price of $4.71 per share, for a total transaction of $154,393.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 96,659 shares of company stock valued at $437,091. Insiders own 3.10% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. B. Riley Financial Inc. bought a new position in shares of Papa Murphy’s Holdings during the second quarter worth approximately $437,000. Dimensional Fund Advisors LP increased its stake in shares of Papa Murphy’s Holdings 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 purchasing an additional 1,863 shares during the period. FMR LLC bought a new position in shares of Papa Murphy’s Holdings during the second quarter worth approximately $361,000. Verity Asset Management Inc. bought a new position in shares of Papa Murphy’s Holdings during the second quarter worth approximately $100,000. Finally, KCG Holdings Inc. bought a new position in shares of Papa Murphy’s Holdings during the first quarter worth approximately $357,000. Institutional investors own 36.00% of the company’s stock.
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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