Price Change to Note: What’s Propelling Papa Murphy’s Holdings Inc to Decline So Much?

Price Change to Note: What's Propelling Papa Murphy's Holdings Inc to Decline So Much?

The stock of Papa Murphy’s Holdings Inc (NASDAQ:FRSH) is a huge mover today! The stock decreased 5.97% or $0.24 on November 4, hitting $3.78. About 471,670 shares traded hands or 210.91% up from the average. Papa Murphy’s Holdings Inc (NASDAQ:FRSH) has declined 65.19% since April 4, 2016 and is downtrending. It has underperformed by 66.29% the S&P500.
The move comes after 9 months negative chart setup for the $61.56M company. It was reported on Nov, 4 by Barchart.com. We have $3.25 PT which if reached, will make NASDAQ:FRSH worth $8.62 million less.

Papa Murphy’s Holdings Inc (NASDAQ:FRSH) Ratings Coverage

Out of 5 analysts covering Papa Murphy’s Holdings (NASDAQ:FRSH), 0 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 0 are positive. Papa Murphy’s Holdings has been the topic of 11 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The rating was maintained by Jefferies on Thursday, March 10 with “Buy”. Jefferies maintained the shares of FRSH in a report on Thursday, August 4 with “Hold” rating. As per Thursday, August 27, the company rating was upgraded by Zacks. The firm earned “Mkt Perform” rating on Friday, November 4 by Raymond James. The firm has “Sell” rating by S&P Research given on Friday, October 23. The rating was downgraded by William Blair to “Market Perform” on Thursday, November 5. The firm has “Sell” rating given on Friday, October 23 by TheStreet. The firm has “Sell” rating given on Friday, August 21 by Zacks. The stock has “Hold” rating given by TheStreet on Tuesday, September 22.

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 is negative, 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.
Landscape Capital Mgmt Ltd Liability Com, a New Jersey-based fund reported 64,841 shares. Parametric Associate Limited Liability holds 0% of its portfolio in Papa Murphy’s Holdings Inc (NASDAQ:FRSH) for 59,405 shares. Boston Prtn reported 547,014 shares or 0.01% of all its holdings. Creative Planning reported 370 shares or 0% of all its holdings. Clough Cap L P, a Massachusetts-based fund reported 404,521 shares. Susquehanna International Llp has 25,137 shares for 0% of their US portfolio. Pnc Financial Services Grp Inc accumulated 112 shares or 0% of the stock. Blackrock Institutional Na holds 190,572 shares or 0% of its portfolio. Monarch Partners Asset Management Llc accumulated 0.02% or 32,280 shares. Tower Ltd Liability Com (Trc) holds 3,031 shares or 0% of its portfolio. Paradigm Asset Lc holds 9,200 shares or 0% of its portfolio. Wasatch has invested 0.25% of its portfolio in Papa Murphy’s Holdings Inc (NASDAQ:FRSH). Credit Suisse Ag reported 100,308 shares or 0% of all its holdings. 12 West Capital Management Lp has invested 1.14% of its portfolio in Papa Murphy’s Holdings Inc (NASDAQ:FRSH). Manufacturers Life Insurance The has invested 0% of its portfolio in Papa Murphy’s Holdings Inc (NASDAQ:FRSH).

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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