Papa Murphy's Holdings, Inc. (FRSH) Draws Bearish Attention After Forming Bearish Ascending Triangle

September 16, 2018 - By Jack Shaw

Papa Murphy's Holdings, Inc. (NASDAQ:FRSH) Logo

Investors sentiment decreased to 1 in 2018 Q2. Its down 0.22, from 1.22 in 2018Q1. It fall, as 4 investors sold Papa Murphy's Holdings, Inc. shares while 6 reduced holdings. 3 funds opened positions while 7 raised stakes. 5.16 million shares or 8.13% more from 4.77 million shares in 2018Q1 were reported.
Price Michael F owns 2.53 million shares or 1.66% of their US portfolio. United Kingdom-based Barclays Public Ltd Liability Corp has invested 0% in Papa Murphy's Holdings, Inc. (NASDAQ:FRSH). Millennium Ltd Liability Co invested in 0% or 75,580 shares. California Pub Employees Retirement System invested in 17,600 shares or 0% of the stock. Petrus Trust Lta holds 0.53% or 453,808 shares. Acadian Asset Management Limited Liability Company has 11,997 shares for 0% of their portfolio. Macquarie Ltd owns 14,227 shares. Spark Invest Mgmt Limited Liability Com, a New York-based fund reported 12,500 shares. Vanguard Gru Incorporated Inc holds 0% or 314,495 shares. Morgan Stanley owns 10,129 shares or 0% of their US portfolio. Dimensional Fund Limited Partnership holds 29,196 shares or 0% of its portfolio. 10,320 were reported by Tower Rech Capital Limited (Trc). Bridgeway Capital Mgmt has invested 0.01% in Papa Murphy's Holdings, Inc. (NASDAQ:FRSH). Northern Corporation holds 25,061 shares. Geode Cap Management stated it has 71,313 shares or 0% of all its holdings.

The stock of Papa Murphy's Holdings, Inc. (FRSH) formed an ascending triangle with $4.83 target or 5.00 % below today’s $5.08 share price. The 9 months triangle pattern indicates high risk for the $86.53 million company. If the $4.83 price target is reached, the company will be worth $4.33M less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 0.59% or $0.03 during the last trading session, reaching $5.08. About 194,015 shares traded or 682.57% up from the average. Papa Murphy's Holdings, Inc. (NASDAQ:FRSH) has declined 6.22% since September 16, 2017 and is downtrending. It has underperformed by 21.84% the S&P500.

Analysts await Papa Murphy's Holdings, Inc. (NASDAQ:FRSH) to report earnings on November, 14. They expect $-0.02 EPS, down 128.57 % or $0.09 from last year’s $0.07 per share. After $0.06 actual EPS reported by Papa Murphy's Holdings, Inc. for the previous quarter, Wall Street now forecasts -133.33 % negative EPS growth.

Another recent and important Papa Murphy's Holdings, Inc. (NASDAQ:FRSH) news was published by Nasdaq.com which published an article titled: “CorePoint Lodging Inc. Announces Two New Board Members” on September 12, 2018.

Papa Murphy's Holdings, Inc., together with its subsidiaries, owns, operates, and franchises Take ?N' Bake pizza stores. The company has market cap of $86.53 million. The firm operates in three divisions: Domestic Company Stores, Domestic Franchise, and International. It has a 6.07 P/E ratio. As of January 1, 2018, it operated approximately 1,523 stores, including 1,338 franchised and 145 company-owned stores in 39 states, as well as 14 stores in Canada and 26 stores in the Middle East.

Papa Murphy's Holdings, Inc. (NASDAQ:FRSH) Institutional Positions Chart

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