Jefferies Starts Papa Murphy's Holdings (FRSH) at Buy

Jefferies initiates coverage on Papa Murphy's Holdings (NASDAQ: FRSH) with a Buy rating and a price target of $15.00.

Analyst Andy Barish said, "We believe FRSH is well-positioned to take share in the fragmented QSR pizza category as it offers a high-quality, differentiated product at a lower price vs. peers, and moves toward tripling its national store base as the undisputed leader in “take and bake.” We see visible 20% EPS growth, and at a current valuation of 10x ’15 EBITDA, find the stock attractive and rate it Buy. Jefferies acted as the lead bookrunner in the company’s recent $64mm IPO."

For an analyst ratings summary and ratings history on Papa Murphy's Holdings click here. For more ratings news on Papa Murphy's Holdings click here.

Shares of Papa Murphy's Holdings closed at $9.34 yesterday.

You May Also Be Interested In

• Morgan Stanley Double Downgrades AU Optronics (2409:TT) (AUO) to Underweight
• Hyatt Hotels (H) PT Lowered to $195 at Mizuho
• Loop Capital Starts MongoDB (MDB) at Buy, '2H Ramp Ahead'