Papa Murphy's Holdings (FRSH) PT Lowered to $5 at Jefferies; Remains Sidelined
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Price: $12.25 -3.69%
Rating Summary:
10 Buy, 12 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 9 | New: 26
Rating Summary:
10 Buy, 12 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 9 | New: 26
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Jefferies lowered its price target on Papa Murphy's Holdings (NASDAQ: FRSH) to $5.00 (from $5.50) while maintaining a Hold rating.
Analyst Andy Barish views FRSH's 1Q business trends and guidance as somewhat disappointing in a very competitive pizza category. Weak results have led to reduced unit openings for the system for the year and increased closures, which now have domestic franchise store counts declining y-o-y.
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