Papa Murphy's (FRSH) Tops Q2 EPS by 1c, Sees FY Comp Decline of 2%-3%

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Go back to Papa Murphy's (FRSH) Tops Q2 EPS by 1c, Sees FY Comp Decline of 2%-3%

Jefferies Cuts Price Target on Papa Murphy's (FRSH) to $7; Reiterates Hold

August 4, 2016 10:20 AM EDT

Jefferies maintained a Hold rating on Papa Murphy's Holdings (NASDAQ: FRSH), and cut the price target to $7.00 (from $9.00), following the company's 2Q earnings report. Domestic system SSS declined 4%, worse than -2.8% last quarter and expectations of -3%. EBITDA margins declined 130bps, helped by... More