Papa Murphy’s Receives a Hold from Jefferies

By Ryan Adsit

Jefferies analyst Andy Barish reiterated a Hold rating on Papa Murphy’s (NASDAQ: FRSH) yesterday and set a price target of $5.50. The company’s shares closed yesterday at $4.02, close to its 52-week low of $3.95.

According to, Barish is a 4-star analyst with an average return of 3.8% and a 46.8% success rate. Barish covers the Services sector, focusing on stocks such as Popeyes Louisiana Kitchen, Buffalo Wild Wings, and Ruth’s Hospitality.

Currently, the analyst consensus on Papa Murphy’s is Hold and the average price target is $5.50, representing a 36.8% upside.

In a report released today, Raymond James also downgraded the stock to Hold.

Papa Murphy’s’ market cap is currently $68.17M and has a P/E ratio of 12.18. The company has a book value ratio of 0.6818.

Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FRSH in relation to earlier this year.

Papa Murphy’s Holdings, Inc. engageas as a franchisor and operator of Take ‘N’ Bake pizza chain. It operates in three business segments: Domestic Franchise, Domestic Company Stores and International. The Domestic Franchise segment consists of domestic franchised stores, which represent the majority of its system-wide stores. The Domestic Company Stores segment includes company-owned stores in the U.S. The International segment concerns stores outside of the U.S., all of which are franchise stores. The company was founded in 1981 and is headquartered in Vancouver, WA.