Today, Papa Murphy’s Holdings Inc. (FRSH) Director Buys $442,000.00 in Stock

Today, Papa Murphy’s Holdings Inc. (FRSH) Director Buys $442,000.00 in Stock
Papa Murphy’s Holdings Inc. (NASDAQ:FRSH) Director L David Mounts purchased 100,000 shares of Papa Murphy’s Holdings stock in a transaction that occurred on Friday, November 18th. The stock was bought at an average cost of $4.42 per share, for a total transaction of $442,000.00. Following the purchase, the director now directly owns 7,944 shares in the company, valued at $35,112.48. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Papa Murphy’s Holdings Inc. (NASDAQ:FRSH) opened at 4.66 on Friday. Papa Murphy’s Holdings Inc. has a 12-month low of $3.56 and a 12-month high of $12.96. The company has a market capitalization of $79.06 million, a PE ratio of 20.53 and a beta of 0.25. The stock has a 50 day moving average of $5.29 and a 200-day moving average of $6.43.

Papa Murphy’s Holdings (NASDAQ:FRSH) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.08. The firm had revenue of $28.50 million for the quarter, compared to analyst estimates of $31.26 million. Papa Murphy’s Holdings had a net margin of 3.04% and a return on equity of 3.13%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 EPS. Analysts predict that Papa Murphy’s Holdings Inc. will post $0.10 earnings per share for the current fiscal year.

Several research analysts have issued reports on FRSH shares. Robert W. Baird reiterated a “neutral” rating on shares of Papa Murphy’s Holdings in a report on Thursday, September 8th. Zacks Investment Research upgraded shares of Papa Murphy’s Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, August 30th. Raymond James Financial Inc. reiterated a “market perform” rating on shares of Papa Murphy’s Holdings in a report on Friday, November 4th. Jefferies Group reiterated a “hold” rating and set a $5.50 target price on shares of Papa Murphy’s Holdings in a report on Friday, November 4th. Finally, Citigroup Inc. cut shares of Papa Murphy’s Holdings from an “outperform” rating to a “market perform” rating in a report on Friday, November 4th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $10.50.

Several hedge funds and other institutional investors have recently made changes to their positions in FRSH. Menta Capital LLC boosted its position in shares of Papa Murphy’s Holdings by 7.1% in the second quarter. Menta Capital LLC now owns 33,736 shares of the company’s stock valued at $224,000 after buying an additional 2,232 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Papa Murphy’s Holdings by 1.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 193,607 shares of the company’s stock valued at $1,249,000 after buying an additional 3,035 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Papa Murphy’s Holdings by 28.4% in the third quarter. Bank of New York Mellon Corp now owns 22,233 shares of the company’s stock valued at $144,000 after buying an additional 4,921 shares during the period. Northern Trust Corp raised its stake in shares of Papa Murphy’s Holdings by 41.9% in the third quarter. Northern Trust Corp now owns 19,735 shares of the company’s stock valued at $127,000 after buying an additional 5,827 shares during the period. Finally, Boston Partners raised its stake in shares of Papa Murphy’s Holdings by 2.3% in the second quarter. Boston Partners now owns 547,014 shares of the company’s stock valued at $3,629,000 after buying an additional 12,449 shares during the period. 78.02% of the stock is currently owned by hedge funds and other institutional investors.

About Papa Murphy’s Holdings

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