Papa Murphy's Holdings, Inc. (NASDAQ FRSH) traded up 2.49% on Friday, hitting $4.53.
Square, Inc. has a consensus outperform rating from 29 Wall Street analysts, and the number of shares now sold short amount to at least 19.17% of shares outstanding. Papa Murphy's Holdings Inc (NASDAQ:FRSH) has declined 33.73% since August 18, 2016 and is downtrending. The business is expected to report its next earnings report on Wednesday, November 1st. For the next financial year, analysts forecast that the business will post sales of $88.47 million per share, with estimates ranging from $87.13 million to $89.80 million.
Papa Murphy's Holdings (NASDAQ:FRSH) last released 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 earned a daily sentiment score of 0.03 on Accern's scale. The company had revenue of $29.10 million for the quarter, compared to analysts' expectations of $30.89 million. Analysts expect next quarter's EPS to be $0.10 and the next full year EPS is anticipated to be $0.20. The company's quarterly revenue was down 2.6% compared to the same quarter previous year.
Several institutional investors have recently added to or reduced their stakes in the stock. Jefferies Group LLC lowered their price objective on shares of Papa Murphy's Holdings from $5.00 to $4.50 and set a "hold" rating on the stock in a research note on Thursday, August 10th. Finally, Zacks Investment Research cut Papa Murphy's Holdings from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 25th. Also, the current price highlights a discount of 39.72% to analysts' high consensus price target. The original version of this article can be viewed at https://weekherald.com/2017/08/26/somewhat-positive-news-coverage-somewhat-unlikely-to-impact-papa-murphys-holdings-frsh-stock-price.html. The firm's market cap is $76.85 million.
It is now trading at $4.56 quite a bit above the 50 day moving average which is $4.30 and slightly over the 200 day moving average of $4.56. Papa Murphy's Holdings, Inc. has a 12 month low of $3.50 and a 12 month high of $6.88. The stock was bought at an average cost of $4.06 per share, with a total value of $942,784.78. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
In related news, CEO Jean Birch purchased 10,000 shares of the stock in a transaction that occurred on Monday, August 14th. The value of the company's investment in Papa Murphy's Holdings, Inc. increased from $16,000 to $21,000 increasing 31.3% for the reporting period. Manufacturers Life Insurance Company, The now controls 1,000 shares with a value of $4,000. The disclosure for this purchase can be found here. 312,609 shares of the company traded hands. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. Signia Capital Management LLC purchased a new position in Papa Murphy's Holdings during the first quarter worth approximately $2,610,000. Tower Research Capital LLC (trc) grew its investment by buying 1,602 shares an increase of 48.5% in the quarter. Citadel Advisors LLC acquired a new position in shares of Papa Murphy's Holdings during the first quarter worth about $107,000. Petrus Trust Company Lta owns 550,857 shares or 0.57% of their U.S. portfolio. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & worldwide copyright & trademark laws. If you are reading this report on another publication, it was illegally stolen and reposted in violation of USA & global trademark and copyright law.
As of writing, Papa Murphy's Holdings, Inc.'s RSI stands at 83.42.