Papa Murphy's Holdings Inc (FRSH) was Downgraded by Robert W. Baird to ” Neutral” while Lowering the Price Target of the company shares to $ 11 from a previous price target of $13 . Earlier the firm had a rating of “Outperform ” on the company shares. Robert W. Baird advised their investors in a research report released on May 5, 2016.
On the company’s financial health, Papa Murphy's Holdings Inc reported $0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.13. The company had revenue of $32.99 million for the quarter, compared to analysts expectations of $33.85 million. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.
Papa Murphy's Holdings Inc opened for trading at $12.24 and hit $12.62 on the upside on Wednesday, eventually ending the session at $12.42, with a gain of 1.14% or 0.14 points. The heightened volatility saw the trading volume jump to 2,56,487 shares. Company has a market cap of $210 M.
In a different news, on Dec 16, 2015, L David Mounts (director) purchased 5,000 shares at $11.14 per share price. According to the SEC, on Nov 10, 2015, Victoria T. Blackwell (SVP of Talent and CLO) purchased 830 shares at $11.91 per share price. On Aug 21, 2015, Mark Edward Hutchens (CFO) purchased 2,575 shares at $13.41 per share price, according to the Form-4 filing with the securities and exchange commission.
Papa Murphy’s Holdings Inc. is a franchisor and operator of the Take ‘N’ Bake pizza chain in the United States. The Company operated a total of 1461 system-wide stores as of December 29 2014. The Company’s offerings include Signature pizzas which include classic combinations of twists; Gourmet Delite pizzas including gourmet combination offerings with 25% less fat and 35% fewer calories than the Signature pizzas; Stuffed pizzas which consists of two-layer four-pound pizzas with meats and vegetables stuffed in two layers of dough; Fresh Pan pizza including signature recipes with a fresh thicker buttery crust; Create Your Own (C.Y.O.) pizzas including customer selection of crust sauce and various combination of the cheese meat and vegetable toppings; and FAVES which consists of three simple pizza classics.