Papa Murphy’s (NASDAQ:FRSH) released its earnings results on Thursday. The company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14, Morningstar.com reports. The business had revenue of $32.03 million for the quarter, compared to the consensus estimate of $32.00 million. Papa Murphy’s had a return on equity of 9.39% and a net margin of 12.62%.
Shares of NASDAQ FRSH traded down $0.23 during midday trading on Friday, hitting $5.97. The stock had a trading volume of 216 shares, compared to its average volume of 28,468. The company has a market cap of $105.57 million, a PE ratio of 40.00 and a beta of 0.43. Papa Murphy’s has a 1 year low of $4.28 and a 1 year high of $6.20. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.46 and a quick ratio of 0.43.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bailard Inc. purchased a new position in Papa Murphy’s in the third quarter worth about $233,000. Vanguard Group Inc boosted its position in Papa Murphy’s by 0.8% in the third quarter. Vanguard Group Inc now owns 317,064 shares of the company’s stock worth $1,645,000 after purchasing an additional 2,569 shares during the last quarter. Acadian Asset Management LLC boosted its position in Papa Murphy’s by 22.0% in the fourth quarter. Acadian Asset Management LLC now owns 26,931 shares of the company’s stock worth $128,000 after purchasing an additional 4,861 shares during the last quarter. Signia Capital Management LLC boosted its position in Papa Murphy’s by 13.0% in the fourth quarter. Signia Capital Management LLC now owns 1,174,503 shares of the company’s stock worth $5,579,000 after purchasing an additional 135,175 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Papa Murphy’s in the fourth quarter worth about $104,000. Institutional investors and hedge funds own 57.30% of the company’s stock.
Papa Murphy’s Company Profile
Papa Murphy's Holdings, Inc, together with its subsidiaries, owns, operates, and franchises Take N' Bake pizza stores. The company operates in three segments: Domestic Company Stores, Domestic Franchise, and International. As of January 1, 2018, it operated approximately 1,523 stores, including 1,338 franchised and 145 company-owned stores in 39 states, as well as 14 stores in Canada and 26 stores in the Middle East.
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