Baird Downgrades Papa Murphy's Holdings (FRSH) to Neutral
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Jefferies Downgrades Papa Murphy's Holdings (FRSH) to Hold
May 5, 2016 7:13 AM EDTJefferies downgraded Papa Murphy's Holdings (NASDAQ: FRSH) from Buy to Hold with a price target of $10.00 (from $14.00).
Analyst Andy Barish commented, "The roll-out of Papa Murphy's on-line ordering has taken place but appears as if overall sales ramp will take... More
Papa Murphy's (FRSH) Misses Q1 EPS by 9c; Revises Comp Guidance Lower
May 4, 2016 6:03 PM EDTPapa Murphy's (NASDAQ: FRSH) reported Q1 EPS of $0.04, $0.09 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $33 million versus the consensus estimate of $33.9 million. Domestic comparable store sales decreased by 2.8%, including a 2.8% decrease at both domestic franchisee-owned stores and at company-owned stores, compared with the first quarter of 2015.
Ken Calwell, President and Chief Executive Officer of Papa Murphys Holdings, Inc., stated, We are disappointed with our overall comparable store sales performance in the first quarter and the resultant level of profitability. We have identified and are taking action against... More
