Papa Murphy’s (FRSH) Posts Quarterly Earnings Results, Hits Estimates

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.

Several equities analysts have recently weighed in on the company. ValuEngine upgraded Papa Murphy’s from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Zacks Investment Research downgraded Papa Murphy’s from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th.

ILLEGAL ACTIVITY WARNING: “Papa Murphy’s (FRSH) Posts Quarterly Earnings Results, Hits Estimates” was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this report on another publication, it was stolen and republished in violation of United States & international copyright and trademark laws. The correct version of this report can be viewed at https://sportsperspectives.com/2019/03/15/papa-murphys-frsh-posts-quarterly-earnings-results-hits-estimates.html.

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.

Read More: Mutual Funds

Earnings History for Papa Murphy`s (NASDAQ:FRSH)

Receive News & Ratings for Papa Murphy's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Papa Murphy's and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply