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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Papa Murphy's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Papa Murphy's and related companies with MarketBeat.com's FREE daily email newsletter.