Monarch Partners Asset Management LLC purchased a new position in Papa Murphy’s Holdings Inc. (NASDAQ:FRSH) during the second quarter, Holdings Channel reports. The firm purchased 32,280 shares of the company’s stock, valued at approximately $214,000.
A number of other large investors have also recently made changes to their positions in the company. Spark Investment Management LLC purchased a new stake in shares of Papa Murphy’s Holdings during the first quarter worth about $198,000. State Street Corp raised its stake in shares of Papa Murphy’s Holdings by 13.4% in the first quarter. State Street Corp now owns 85,620 shares of the company’s stock worth $1,025,000 after buying an additional 10,128 shares during the period. Geode Capital Management LLC raised its stake in shares of Papa Murphy’s Holdings by 0.9% in the first quarter. Geode Capital Management LLC now owns 76,006 shares of the company’s stock worth $908,000 after buying an additional 713 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of Papa Murphy’s Holdings during the first quarter worth about $231,000. 83.50% of the stock is currently owned by institutional investors and hedge funds.
Shares of Papa Murphy’s Holdings Inc. (NASDAQ:FRSH) traded up 0.31% during midday trading on Friday, hitting $6.44. 112,804 shares of the stock were exchanged. The stock has a market cap of $109.25 million, a P/E ratio of 20.12 and a beta of 0.15. Papa Murphy’s Holdings Inc. has a 12 month low of $5.15 and a 12 month high of $15.19. The firm has a 50 day moving average of $6.19 and a 200-day moving average of $7.98.
Papa Murphy’s Holdings (NASDAQ:FRSH) last released its earnings results on Wednesday, August 3rd. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. Papa Murphy’s Holdings had a net margin of 4.29% and a return on equity of 4.75%. The firm had revenue of $29.90 million for the quarter, compared to the consensus estimate of $33.44 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities research analysts anticipate that Papa Murphy’s Holdings Inc. will post $0.26 EPS for the current year.
FRSH has been the topic of a number of recent analyst reports. Jefferies Group reissued a “hold” rating and issued a $7.00 price target (down previously from $9.00) on shares of Papa Murphy’s Holdings in a report on Thursday, August 4th. Zacks Investment Research raised shares of Papa Murphy’s Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, August 30th. Finally, Robert W. Baird reissued a “neutral” rating on shares of Papa Murphy’s Holdings in a report on Thursday, September 8th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $11.00.
In other Papa Murphy’s Holdings news, insider Brandon Solano purchased 20,001 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The shares were bought at an average price of $5.79 per share, with a total value of $115,805.79. Following the completion of the purchase, the insider now directly owns 20,001 shares in the company, valued at $115,805.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark Edward Hutchens purchased 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were acquired at an average cost of $5.31 per share, for a total transaction of $106,200.00. Following the purchase, the chief financial officer now owns 26,017 shares of the company’s stock, valued at $138,150.27. The disclosure for this purchase can be found here. 7.60% of the stock is currently owned by insiders.
About Papa Murphy’s Holdings
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.