Papa Murphy’s (FRSH) Upgraded by ValuEngine to “Sell”

Papa Murphy’s (NASDAQ:FRSH) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Monday.

FRSH has been the topic of a number of other reports. Zacks Investment Research upgraded Papa Murphy’s from a “hold” rating to a “strong-buy” rating and set a $6.00 price target on the stock in a report on Wednesday, July 11th. TheStreet upgraded Papa Murphy’s from a “d+” rating to a “c” rating in a report on Thursday, July 5th.

Shares of FRSH stock traded up $0.13 during trading hours on Monday, reaching $5.19. The company had a trading volume of 32,300 shares, compared to its average volume of 44,106. Papa Murphy’s has a 12 month low of $4.40 and a 12 month high of $6.50. The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $88.40 million, a PE ratio of 34.60, a P/E/G ratio of 1.33 and a beta of 0.15.

Papa Murphy’s (NASDAQ:FRSH) last posted its earnings results on Wednesday, August 1st. The company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.02. Papa Murphy’s had a return on equity of 9.61% and a net margin of 11.82%. The company had revenue of $30.79 million for the quarter, compared to analyst estimates of $31.84 million. On average, equities research analysts anticipate that Papa Murphy’s will post 0.35 earnings per share for the current fiscal year.

An institutional investor recently raised its position in Papa Murphy’s stock. Millennium Management LLC increased its holdings in shares of Papa Murphy’s Holdings Inc (NASDAQ:FRSH) by 15.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,584 shares of the company’s stock after acquiring an additional 9,344 shares during the quarter. Millennium Management LLC owned approximately 0.41% of Papa Murphy’s worth $338,000 as of its most recent SEC filing. 31.76% of the stock is currently owned by hedge funds and other institutional investors.

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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