News headlines about Papa Murphy’s Holdings (NASDAQ:FRSH) have been trending positive on Friday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Papa Murphy’s Holdings earned a media sentiment score of 0.31 on Accern’s scale. Accern also gave news coverage about the company an impact score of 62 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s analysis:
- Papa Murphy’s Holdings, Inc. to Post Q4 2017 Earnings of $0.05 Per Share, Jefferies Group Forecasts (NASDAQ:FRSH) (americanbankingnews.com)
- Papa Murphy’s (FRSH) Beats Q2 Earnings Estimates, Stock Rises (mrtopstep.com)
- Edited Transcript of FRSH earnings conference call or presentation 9-Aug-17 9:00pm GMT (finance.yahoo.com)
- Unusual Activity Spotted in Papa Murphy`s Holdings Inc (FRSH) – Sparta Review (spartareview.com)
- Papa Murphy & Holdings’ (FRSH) CEO Weldon Spangler on Q2 2017 Results – Earnings Call Transcript – Seeking Alpha (seekingalpha.com)
Shares of Papa Murphy’s Holdings (FRSH) traded up 2.00% during trading on Friday, reaching $4.09. The company’s stock had a trading volume of 62,119 shares. The firm’s market capitalization is $69.39 million. Papa Murphy’s Holdings has a 52 week low of $3.50 and a 52 week high of $6.88. The company has a 50 day moving average price of $4.28 and a 200 day moving average price of $4.56.
Papa Murphy’s Holdings (NASDAQ:FRSH) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.03. Papa Murphy’s Holdings had a positive return on equity of 3.09% and a negative net margin of 8.43%. The firm had revenue of $29.10 million for the quarter, compared to analysts’ expectations of $30.89 million. During the same quarter in the previous year, the firm posted $0.06 EPS. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, equities research analysts expect that Papa Murphy’s Holdings will post $0.26 EPS for the current fiscal year.
FRSH has been the topic of several recent analyst reports. Wells Fargo & Company lowered Papa Murphy’s Holdings from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $5.25 to $5.00 in a research report on Tuesday, May 23rd. Jefferies Group LLC reissued a “hold” rating on shares of Papa Murphy’s Holdings in a report on Thursday, May 11th. Finally, Zacks Investment Research raised Papa Murphy’s Holdings from a “hold” rating to a “buy” rating and set a $4.75 price objective on the stock in a report on Thursday, July 20th. Seven investment analysts have rated the stock with a hold rating, Papa Murphy’s Holdings currently has a consensus rating of “Hold” and an average target price of $4.75.
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In other news, major shareholder Mfp Partners Lp purchased 6,415 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The shares were acquired at an average price of $4.48 per share, with a total value of $28,739.20. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders have acquired a total of 514,905 shares of company stock worth $2,140,398 in the last quarter. 7.60% of the stock is currently owned by insiders.
Papa Murphy’s Holdings Company Profile
Papa Murphy’s Holdings, Inc is a holding company. The Company, together with its subsidiaries, is a franchisor and operator of the Take ‘N’ Bake pizza chain in the United States. The Company franchises the right to operate Take ‘N’ Bake pizza franchises and operates Take ‘N’ Bake pizza stores owned by the Company.
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