Papa Murphy’s Holdings, Inc. (FRSH) Expected to Post Quarterly Sales of $32.10 Million

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Equities research analysts expect Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) to post sales of $32.10 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Papa Murphy’s’ earnings. The highest sales estimate is $32.35 million and the lowest is $31.84 million. Papa Murphy’s posted sales of $29.10 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.3%. The firm is scheduled to announce its next earnings report on Wednesday, August 8th.

On average, analysts expect that Papa Murphy’s will report full year sales of $128.00 million for the current year, with estimates ranging from $121.46 million to $134.55 million. For the next financial year, analysts anticipate that the business will report sales of $111.10 million per share, with estimates ranging from $93.32 million to $128.87 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Papa Murphy’s.

Papa Murphy’s (NASDAQ:FRSH) last announced its earnings results on Wednesday, May 9th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.01 by $0.15. Papa Murphy’s had a return on equity of 9.92% and a net margin of 5.75%. The company had revenue of $34.77 million for the quarter, compared to analyst estimates of $28.61 million.

Several equities research analysts recently commented on the company. ValuEngine upgraded Papa Murphy’s from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research upgraded Papa Murphy’s from a “hold” rating to a “buy” rating and set a $5.75 target price on the stock in a research report on Tuesday, March 6th.

In other news, major shareholder Mfp Partners Lp purchased 155,753 shares of the company’s stock in a transaction that occurred on Monday, March 19th. The shares were acquired at an average cost of $5.48 per share, with a total value of $853,526.44. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 13.10% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. Fondren Management LP acquired a new position in Papa Murphy’s during the 4th quarter worth approximately $834,000. Millennium Management LLC raised its stake in Papa Murphy’s by 15.5% during the 1st quarter. Millennium Management LLC now owns 69,584 shares of the company’s stock worth $338,000 after buying an additional 9,344 shares during the period. Two Sigma Investments LP acquired a new position in Papa Murphy’s during the 4th quarter worth approximately $248,000. Finally, Spark Investment Management LLC acquired a new position in Papa Murphy’s during the 4th quarter worth approximately $100,000. 29.65% of the stock is currently owned by institutional investors and hedge funds.

Shares of Papa Murphy’s traded up $0.10, hitting $5.56, on Monday, MarketBeat reports. 33,297 shares of the company’s stock traded hands, compared to its average volume of 60,181. Papa Murphy’s has a one year low of $3.50 and a one year high of $6.50. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.31 and a quick ratio of 0.29. The firm has a market cap of $91.67 million, a price-to-earnings ratio of 37.00, a PEG ratio of 2.60 and a beta of 0.14.

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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