Papa Murphy’s (FRSH) Upgraded to Hold by ValuEngine

Papa Murphy’s (NASDAQ:FRSH) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, February 4th.

Separately, Zacks Investment Research downgraded shares of Papa Murphy’s from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 6th.

Shares of Papa Murphy’s stock traded up $0.11 during trading on Monday, reaching $5.68. 23,955 shares of the company traded hands, compared to its average volume of 25,362. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 0.84. Papa Murphy’s has a 1-year low of $4.28 and a 1-year high of $5.75. The company has a market capitalization of $96.73 million, a PE ratio of 37.87 and a beta of 0.35.

Several institutional investors have recently added to or reduced their stakes in FRSH. Bailard Inc. acquired a new position in shares of Papa Murphy’s during the 3rd quarter valued at $233,000. Vanguard Group Inc increased its stake in Papa Murphy’s by 0.8% during the 3rd quarter. Vanguard Group Inc now owns 317,064 shares of the company’s stock valued at $1,645,000 after purchasing an additional 2,569 shares in the last quarter. Acadian Asset Management LLC increased its stake in Papa Murphy’s by 22.0% during the 4th quarter. Acadian Asset Management LLC now owns 26,931 shares of the company’s stock valued at $128,000 after purchasing an additional 4,861 shares in the last quarter. Signia Capital Management LLC increased its stake in Papa Murphy’s by 13.0% during the 4th quarter. Signia Capital Management LLC now owns 1,174,503 shares of the company’s stock valued at $5,579,000 after purchasing an additional 135,175 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Papa Murphy’s during the 4th quarter valued at $104,000. Institutional investors own 32.35% of the company’s stock.

About Papa Murphy’s

Papa Murphy's Holdings, Inc, together with its subsidiaries, owns, operates, and franchises Take ‘N' Bake pizza stores. The company operates in three segments: Domestic Company Stores, Domestic Franchise, and International. As of January 1, 2018, it operated approximately 1,523 stores, including 1,338 franchised and 145 company-owned stores in 39 states, as well as 14 stores in Canada and 26 stores in the Middle East.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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