The stock of Papa Murphy’s Holdings Inc (NASDAQ:FRSH) reached all time low today, Nov, 3 and still has $3.54 target or 12.00% below today’s $4.02 share price. This indicates more downside for the $65.47 million company. This technical setup was reported by Barchart.com. If the $3.54 PT is reached, the company will be worth $7.86 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock decreased 23.43% or $1.23 during the last trading session, hitting $4.02. About 884,130 shares traded hands or 600.08% 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. The stock has “Hold” rating given by TheStreet on Tuesday, September 22. The firm earned “Buy” rating on Thursday, March 10 by Jefferies. The firm has “Market Perform” rating by William Blair given on Thursday, November 5. The stock has “Hold” rating given by Jefferies on Thursday, August 4. TheStreet downgraded the shares of FRSH in a report on Friday, October 23 to “Sell” rating. As per Friday, October 23, the company rating was downgraded by S&P Research. Zacks upgraded Papa Murphy’s Holdings Inc (NASDAQ:FRSH) on Friday, August 21 to “Sell” rating. The firm earned “Sell” rating on Thursday, August 27 by Zacks.
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 Q2 2016. 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.
Blackrock Institutional Tru Na, a California-based fund reported 190,572 shares. Susquehanna Interest Group Inc Llp owns 25,137 shares or 0% of their US portfolio. Vanguard Grp Inc accumulated 390,233 shares or 0% of the stock. Menta Cap Limited Liability, a California-based fund reported 33,736 shares. Boston Prtn has 547,014 shares for 0.01% of their US portfolio. Royal Commercial Bank Of Canada accumulated 67,028 shares or 0% of the stock. Parametric Portfolio Associates Limited Liability Corp last reported 59,405 shares in the company. Savings Bank Of America Corporation De, a North Carolina-based fund reported 2,867 shares. Alpine Partners Vi Ltd Liability, a New York-based fund reported 12,524 shares. Moreover, Tower Research Cap Limited (Trc) has 0% invested in Papa Murphy’s Holdings Inc (NASDAQ:FRSH) for 3,031 shares. Pnc Fincl Serv Incorporated reported 112 shares or 0% of all its holdings. Us Bancorp De has 0% invested in the company for 736 shares. Barclays Public Limited Com has 0% invested in the company for 2,222 shares. Moreover, Arrowpoint Asset Management Ltd Company has 0.03% invested in Papa Murphy’s Holdings Inc (NASDAQ:FRSH) for 231,889 shares. Deutsche Bancorp Ag accumulated 11,539 shares or 0% of the stock.
Another recent and important Papa Murphy’s Holdings Inc (NASDAQ:FRSH) news was published by Seekingalpha.com which published an article titled: “Short Selling Papa Murphy’s: The Time Is Now” on November 03, 2016.
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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