Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) CEO Jean Birch acquired 10,000 shares of the stock in a transaction dated Monday, August 14th. The stock was bought at an average price of $4.27 per share, with a total value of $42,700.00. Following the purchase, the chief executive officer now directly owns 33,095 shares in the company, valued at $141,315.65. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Papa Murphy’s Holdings, Inc. (NASDAQ FRSH) traded up 0.23% during mid-day trading on Thursday, hitting $4.42. 142,181 shares of the stock traded hands. The company has a 50-day moving average of $4.29 and a 200 day moving average of $4.56. The firm’s market capitalization is $74.99 million. Papa Murphy’s Holdings, Inc. has a 1-year low of $3.50 and a 1-year high of $6.88.
Papa Murphy’s Holdings (NASDAQ:FRSH) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Papa Murphy’s Holdings had a positive return on equity of 3.16% and a negative net margin of 8.43%. The company had revenue of $29.10 million during the quarter, compared to analyst estimates of $30.89 million. During the same quarter last year, the firm posted $0.06 earnings per share. The firm’s revenue was down 2.6% on a year-over-year basis. On average, equities research analysts anticipate that Papa Murphy’s Holdings, Inc. will post $0.28 EPS for the current year.
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A number of hedge funds have recently made changes to their positions in FRSH. Verity Asset Management Inc. acquired a new stake in shares of Papa Murphy’s Holdings during the second quarter worth approximately $100,000. Citadel Advisors LLC acquired a new stake in shares of Papa Murphy’s Holdings during the first quarter worth approximately $107,000. Dimensional Fund Advisors LP raised its stake in shares of Papa Murphy’s Holdings by 4.0% in 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. KCG Holdings Inc. acquired a new stake in shares of Papa Murphy’s Holdings during the first quarter worth approximately $357,000. Finally, FMR LLC acquired a new stake in shares of Papa Murphy’s Holdings during the second quarter worth approximately $361,000. 31.69% of the stock is owned by institutional investors.
Several analysts have recently weighed in on the stock. Wells Fargo & Company lowered shares of Papa Murphy’s Holdings from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $5.25 to $5.00 in a research note on Tuesday, May 23rd. Jefferies Group LLC reiterated a “hold” rating on shares of Papa Murphy’s Holdings in a research note on Thursday, May 11th. Finally, Zacks Investment Research lowered shares of Papa Murphy’s Holdings from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 25th. Seven analysts have rated the stock with a hold rating, Papa Murphy’s Holdings presently has a consensus rating of “Hold” and an average price target of $4.75.
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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