Stock Pattern: Is Selling Stock Like Papa Murphy’s Holdings Inc After This Bearish Double Bottom Chart Pattern Winning Strategy?

Stock Pattern: Is Selling Stock Like Papa Murphy's Holdings Inc After This Bearish Double Bottom Chart Pattern Winning Strategy?

The chart of Papa Murphy’s Holdings Inc (FRSH) shows a double bottom with $4.13 target or 9.00% below today’s $4.54 share price. The 8 months chart pattern indicates high risk for the $82.22 million company. It was reported on Jan, 11 by Finviz.com. If the $4.13 price target is reached, the company will be worth $7.40 million less. Double bottoms are rare but powerful chart patterns. The stock last traded at $4.54 per share. It is down 42.31% since June 7, 2016 and is downtrending. It has underperformed by 49.73% the S&P500.

Analysts await Papa Murphy’s Holdings Inc (NASDAQ:FRSH) to report earnings on March, 8. They expect $0.03 earnings per share, down 75.00% or $0.09 from last year’s $0.12 per share. FRSH’s profit will be $543,304 for 37.83 P/E if the $0.03 EPS becomes a reality. After $-0.03 actual earnings per share reported by Papa Murphy’s Holdings Inc for the previous quarter, Wall Street now forecasts -200.00% EPS growth.

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. $21 is the highest target while $7 is the lowest. The $11 average target is 142.29% above today’s ($4.54) stock price. 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 with “Buy” on Thursday, March 10. The rating was upgraded by Zacks on Thursday, August 27 to “Sell”. William Blair downgraded the stock to “Market Perform” rating in Thursday, November 5 report. The firm earned “Mkt Perform” rating on Friday, November 4 by Raymond James. The rating was downgraded by S&P Research on Friday, October 23 to “Sell”. TheStreet upgraded Papa Murphy’s Holdings Inc (NASDAQ:FRSH) on Tuesday, September 22 to “Hold” rating. The firm has “Sell” rating given on Friday, October 23 by TheStreet. Zacks upgraded Papa Murphy’s Holdings Inc (NASDAQ:FRSH) on Friday, August 21 to “Sell” rating. The stock of Papa Murphy’s Holdings Inc (NASDAQ:FRSH) has “Hold” rating given on Thursday, August 4 by Jefferies.

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 0.53 in Q3 2016. Its down 0.19, from 0.72 in 2016Q2. The ratio worsened, as 20 funds sold all Papa Murphy’s Holdings Inc shares owned while 12 reduced positions. 6 funds bought stakes while 11 increased positions. They now own 11.83 million shares or 15.48% less from 13.99 million shares in 2016Q2.
Royal Comml Bank Of Canada accumulated 66,724 shares or 0% of the stock. Northern Trust Corporation, a Illinois-based fund reported 19,735 shares. Tower Research Cap (Trc) holds 0% of its portfolio in Papa Murphy’s Holdings Inc (NASDAQ:FRSH) for 4,211 shares. 12 West Cap Mngmt Ltd Partnership last reported 1.07M shares in the company. Millennium Management Limited Liability last reported 30,000 shares in the company. Wasatch Advsrs reported 2.31M shares or 0.22% of all its holdings. The Germany-based Deutsche National Bank Ag has invested 0% in Papa Murphy’s Holdings Inc (NASDAQ:FRSH). Bridgeway Cap Mngmt holds 0% or 10,000 shares in its portfolio. Morgan Stanley accumulated 0% or 22,583 shares. Citadel Advisors Limited, a Illinois-based fund reported 12,743 shares. Parametric Port Associates holds 0% of its portfolio in Papa Murphy’s Holdings Inc (NASDAQ:FRSH) for 28,896 shares. Petrus Trust Com Lta last reported 550,857 shares in the company. Geode Cap Mgmt Ltd holds 0% or 73,188 shares in its portfolio. Lee Equity Prtn Ltd Liability Com holds 41.16% of its portfolio in Papa Murphy’s Holdings Inc (NASDAQ:FRSH) for 4.40M shares. Blackrock Fund Advsrs has invested 0% of its portfolio in Papa Murphy’s Holdings Inc (NASDAQ:FRSH).

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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