Papa Murphy’s trading at post-IPO lows
After going public in the beginning of May, Papa Murphy’s shares have traded about 7 percent lower than opening price, according to the Street Insider.
Meanwhile, wheat and cheese prices continue to gradually come down.
Here's a glimpse at the market this week:
Cheese prices continued to fall for a fourth week in a row after reaching all-time highs earlier this year. They averaged $1.98 on the Chicago Mercantile last week, from $2 even the week prior.
Prices are still about 40 cents higher than they were a year ago.
Last week, prices closed at $1.98 Monday, $1.96 Tuesday and Wednesday and $2.02 on Thursday and Friday.
After a near-50-cent spike in wheat prices two weeks ago on the Minneapolis Grain Exchange, the average cost has come down for the second week in a row, averaging $7.34, from $7.71 the week prior and $7.90 two weeks ago.
Wheat remains significantly higher than it was in the beginning of the year, around $6.02.
Last week, prices closed at $7.38 Monday, Tuesday and Wednesday, $7.31 Thursday and $7.25 on Friday.
Gasoline and diesel fuel
The nationwide average price for regular unleaded fuel ticked up a penny on Memorial Day Monday, to $3.65, from $3.64 a week ago. According to the AAA and the Oil Price Information Service, prices a month ago were $3.69.
Last year at this time, consumers were paying $3.63 at the pump.
Today's mid-range unleaded is $3.84, up a penny from $3.83 the week prior. Premium gas is $4.01, also up a penny.
Conversely, diesel fuel prices are averaging $3.92, down a penny from $3.93 the week prior. The price of diesel fuel was $3.96 a month ago, and $3.88 a year ago.
Natural gas spot prices were flat to moderately increasing over the report period. The Henry Hub spot price rose by 16 cents per million British thermal units (MMBtu), moving from $4.41/MMBtu May 14 to $4.57 May 21.
At the New York Mercantile Exchange (Nymex), the June contract increased by more than 10 cents, beginning the report week at $4.367/MMBtu May 14 and settling at $4.473/MMBtu May 21.
Pizza company stocks
Shares of Pizza Hut parent Yum! Brands Inc. closed out last week at $74.87, up slightly from $74.81 the week prior. The company hit a new 52-week high last month at $79.70. Its 52-week low was a year ago at $64.08.
Domino's finished last week at $73.16, up from $71.53 the week prior. DPZ hit a new lifetime high in March at $80.61. The company's 52-week low was $55.75 a year ago.
Papa John's shares finished last week at $42.57, up from $41.54 the week prior. PZZA hit its 52-week high in March at $55. Its low of $31.45 was a year ago.
Pizza Inn Holdings closed out last week at $6.11, down from $6.39 the week prior. The company's 52-week high was $9.09 a year ago. It traded as low as $4.65 last year.
Papa Murphy's closed out its first month on the NASDAQ market under the FRSH symbol. The company finished Friday at $9.05, down a bit from $10.69 the week prior. Its high/low is $12.10 and $8.93, respectively.
Photo provided by Wikimedia.
Alicia Kelso Alicia has been a professional journalist for 15 years. Her work with FastCasual.com, QSRweb.com and PizzaMarketplace.com has been featured in publications around the world, including NPR, Good Morning America, Voice of Russia radio, Consumerist.com and Franchise Asia magazine.