Zacks Investment Research Lowers Papa Murphy’s (FRSH) to Hold

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Papa Murphy’s (NASDAQ:FRSH) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday.

According to Zacks, “Papa Murphy’s Holdings Inc. operates as a franchisor and operator of the Take ‘N’ Bake pizza chain in the United States. The Company operates in three segments: Domestic Company Stores, Domestic Franchise and International. In addition to scratch-made pizzas, the company offers a growing menu of grab ‘n’ go items, including salads, sides and desserts. Papa Murphy’s Holdings Inc. is based in Vancouver, Washington. “

Separately, ValuEngine cut Papa Murphy’s from a “hold” rating to a “sell” rating in a research note on Saturday, November 10th.

Shares of Papa Murphy’s stock traded up $0.10 during trading on Thursday, reaching $5.18. 16,500 shares of the company were exchanged, compared to its average volume of 46,980. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 0.84. Papa Murphy’s has a twelve month low of $4.28 and a twelve month high of $6.30. The stock has a market cap of $86.50 million, a PE ratio of 34.53, a price-to-earnings-growth ratio of 1.20 and a beta of 0.33.

Papa Murphy’s (NASDAQ:FRSH) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. Papa Murphy’s had a return on equity of 9.39% and a net margin of 12.62%. The business had revenue of $28.83 million during the quarter, compared to analysts’ expectations of $26.84 million. Analysts expect that Papa Murphy’s will post 0.38 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Signia Capital Management LLC lifted its holdings in Papa Murphy’s by 66.0% during the second quarter. Signia Capital Management LLC now owns 1,044,915 shares of the company’s stock worth $5,799,000 after acquiring an additional 415,442 shares in the last quarter. Millennium Management LLC lifted its holdings in Papa Murphy’s by 15.5% during the first quarter. Millennium Management LLC now owns 69,584 shares of the company’s stock worth $338,000 after acquiring an additional 9,344 shares in the last quarter. Finally, Bailard Inc. bought a new position in Papa Murphy’s during the third quarter worth about $233,000. Hedge funds and other institutional investors own 31.79% of the company’s stock.

About Papa Murphy’s

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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