The stock of Papa Murphy’s Holdings Inc (NASDAQ:FRSH) hit a new 52-week low and has $3.64 target or 11.00% below today’s $4.09 share price. The 8 months bearish chart indicates high risk for the $66.61 million company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $3.64 price target is reached, the company will be worth $7.33M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 505,285 shares traded hands or 300.10% up from the average. Papa Murphy’s Holdings Inc (NASDAQ:FRSH) has declined 54.47% since April 1, 2016 and is downtrending. It has underperformed by 55.68% the S&P500.
Papa Murphy’s Holdings Inc (NASDAQ:FRSH) Ratings Coverage
Out of 4 analysts covering Papa Murphy’s Holdings (NASDAQ:FRSH), 0 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 0 are positive. Papa Murphy’s Holdings has been the topic of 10 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Jefferies maintained Papa Murphy’s Holdings Inc (NASDAQ:FRSH) on Thursday, August 4 with “Hold” rating. The firm has “Sell” rating by Zacks given on Thursday, August 27. The stock has “Buy” rating given by Jefferies on Thursday, March 10. The firm has “Sell” rating given on Friday, October 23 by S&P Research. The firm earned “Market Perform” rating on Thursday, November 5 by William Blair. As per Friday, October 23, the company rating was downgraded by TheStreet. Zacks upgraded the stock to “Sell” rating in Friday, August 21 report. TheStreet upgraded Papa Murphy’s Holdings Inc (NASDAQ:FRSH) on Tuesday, September 22 to “Hold” rating.
According to Zacks Investment Research, “Papa Murphy’s Holdings Inc. operates as a franchisor and operator of the Take ‘N’ Bake pizza chain in the United States. The Company operates in three segments: Domestic Company Stores, Domestic Franchise and International. In addition to scratch-made pizzas, the company offers a growing menu of grab ‘n’ go items, including salads, sides and desserts. Papa Murphy’s Holdings Inc. is based in Vancouver, Washington.”
Insitutional Activity: The institutional sentiment decreased to 0.72 in 2016 Q2. Its down 0.50, from 1.22 in 2016Q1. The ratio fall, as 17 funds sold all Papa Murphy’s Holdings Inc shares owned while 19 reduced positions. 15 funds bought stakes while 11 increased positions. They now own 13.99 million shares or 10.69% less from 15.67 million shares in 2016Q1.
Paradigm Asset Mgmt Co Ltd Company reported 9,200 shares or 0% of all its holdings. Moreover, Deutsche Retail Bank Ag has 0% invested in Papa Murphy’s Holdings Inc (NASDAQ:FRSH) for 11,539 shares. Arrowpoint Asset Management Ltd Limited Liability Company has 0.03% invested in the company for 231,889 shares. Citigroup Inc, a New York-based fund reported 6,145 shares. Wasatch has invested 0.25% of its portfolio in Papa Murphy’s Holdings Inc (NASDAQ:FRSH). Clough Prtnrs Ltd Partnership, a Massachusetts-based fund reported 404,521 shares. California Employees Retirement System owns 17,600 shares or 0% of their US portfolio. Blackrock Institutional Trust Com Na holds 0% or 190,572 shares in its portfolio. Lee Equity Prtn Llc accumulated 42.09% or 4.40 million shares. Royal Bank Of Canada has 67,028 shares for 0% of their US portfolio. Credit Suisse Ag owns 100,308 shares or 0% of their US portfolio. Elk Creek Prtn Ltd Co holds 80,000 shares or 0.03% of its portfolio. Millennium Management Lc holds 0% of its portfolio in Papa Murphy’s Holdings Inc (NASDAQ:FRSH) for 32,732 shares. Citadel Advsrs holds 12,370 shares or 0% of its portfolio. Wall Street Assoc accumulated 0.46% or 173,500 shares.
More recent Papa Murphy’s Holdings Inc (NASDAQ:FRSH) news were published by: Seekingalpha.com which released: “Short Selling Papa Murphy’s: The Time Is Now” on November 03, 2016. Also Nasdaq.com published the news titled: “Papa Murphy’s Holdings, Inc. Reports Third Quarter 2016 Results” on November 02, 2016. Reuters.com‘s news article titled: “BRIEF-Papa Murphy’s Holdings reports third quarter 2016 results” with publication date: November 02, 2016 was also an interesting one.
FRSH Company Profile
Papa Murphy’s Holdings, Inc., incorporated on March 29, 2010, is a holding company. The Company, together with its subsidiaries, is a franchisor and operator of the Take ‘N’ Bake pizza chain in the United States. The Firm franchises the right to operate Take ‘N’ Bake pizza franchises and operates Take ‘N’ Bake pizza stores owned by the Company. The Firm operates through three divisions: Domestic Company Stores, Domestic Franchise and International. The Company’s Domestic Franchise segment consists of its domestic franchised stores, which represent its system-wide stores and derives its revenues from franchise and development fees and the collection of franchise royalties from the Company’s franchise owners located in the United States. The Domestic Company Stores segment consists of its Company-owned stores in the United States and derives its revenues from retail sales of pizza and side items to the general public. The Company’s International segment consists of its stores outside of the United States, all of which are franchised and derives its revenues from franchise and development fees and the collection of franchise royalties from franchises located outside the United States.
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