Papa Murphy’s (FRSH) Lowered to Sell at Zacks Investment Research

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Zacks Investment Research downgraded shares of Papa Murphy’s (NASDAQ:FRSH) from a hold rating to a sell rating in a report published on Tuesday morning.

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. “

A number of other research firms have also issued reports on FRSH. ValuEngine lowered Papa Murphy’s from a hold rating to a sell rating in a research note on Monday, July 2nd. TheStreet raised Papa Murphy’s from a d+ rating to a c rating in a research note on Thursday, July 5th.

Shares of FRSH traded down $0.18 on Tuesday, reaching $4.82. The stock had a trading volume of 205,243 shares, compared to its average volume of 45,032. The stock has a market cap of $88.40 million, a P/E ratio of 32.13, a P/E/G ratio of 1.33 and a beta of 0.15. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.34 and a quick ratio of 0.31. Papa Murphy’s has a twelve month low of $4.40 and a twelve month high of $6.50.

Papa Murphy’s (NASDAQ:FRSH) last released its quarterly earnings results on Wednesday, August 1st. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The business had revenue of $30.79 million for the quarter, compared to analysts’ expectations of $31.84 million. Papa Murphy’s had a return on equity of 9.61% and a net margin of 11.82%. Research analysts expect that Papa Murphy’s will post 0.35 EPS for the current fiscal year.

An institutional investor recently raised its position in Papa Murphy’s stock. Millennium Management LLC boosted its stake in Papa Murphy’s Holdings Inc (NASDAQ:FRSH) by 15.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 69,584 shares of the company’s stock after buying 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 filing with the SEC. 31.76% of the stock is owned by 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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