Trade Report: Today, Papa Murphy’s Holdings Inc. (FRSH) Insider Brandon Solano Buys 10,001 Shares of Stock

Today, Papa Murphy’s Holdings Inc. (FRSH) Insider Brandon Solano Buys 10,001 Shares of Stock

Papa Murphy’s Holdings Inc. (NASDAQ:FRSH) insider Brandon Solano acquired 10,001 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were bought at an average price of $4.75 per share, with a total value of $47,504.75. Following the completion of the transaction, the insider now directly owns 30,002 shares of the company’s stock, valued at $142,509.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Papa Murphy’s Holdings Inc. (NASDAQ:FRSH) opened at 4.66 on Friday. Papa Murphy’s Holdings Inc. has a one year low of $3.56 and a one year 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’s 50 day moving average is $5.20 and its 200 day moving average is $6.40.

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

A number of large investors have recently modified their holdings of FRSH. California Public Employees Retirement System purchased a new stake in shares of Papa Murphy’s Holdings during the second quarter worth about $117,000. Northern Trust Corp increased 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 worth $127,000 after buying an additional 5,827 shares during the last quarter. Bank of New York Mellon Corp increased 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 worth $144,000 after buying an additional 4,921 shares during the last quarter. Monarch Partners Asset Management LLC purchased a new stake in shares of Papa Murphy’s Holdings during the second quarter worth about $214,000. Finally, Menta Capital LLC increased its stake 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 worth $224,000 after buying an additional 2,232 shares during the last quarter. 78.02% of the stock is owned by institutional investors and hedge funds.

FRSH has been the subject of several research reports. Jefferies Group restated a “hold” rating and set a $7.00 price objective (down from $9.00) on shares of Papa Murphy’s Holdings in a research report on Thursday, August 4th. Zacks Investment Research upgraded shares of Papa Murphy’s Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 30th. Robert W. Baird restated a “neutral” rating on shares of Papa Murphy’s Holdings in a research report on Thursday, September 8th. Raymond James Financial Inc. reaffirmed a “market perform” rating 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 research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.50.

Papa Murphy’s Holdings Company Profile

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