Summit Creek Advisors LLC bought a new stake in shares of Mama’s Creations, Inc. (NASDAQ:MAMA – Free Report) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 192,577 shares of the company’s stock, valued at approximately $2,482,000.
Other hedge funds have also recently made changes to their positions in the company. CenterBook Partners LP increased its stake in Mama’s Creations by 152.8% during the third quarter. CenterBook Partners LP now owns 128,577 shares of the company’s stock worth $1,657,000 after acquiring an additional 77,713 shares during the last quarter. Annex Advisory Services LLC raised its position in Mama’s Creations by 33.4% during the third quarter. Annex Advisory Services LLC now owns 205,123 shares of the company’s stock valued at $2,644,000 after purchasing an additional 51,397 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Mama’s Creations by 39.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 6,571 shares of the company’s stock valued at $83,000 after purchasing an additional 1,851 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of Mama’s Creations in the 2nd quarter valued at approximately $221,000. Finally, Squarepoint Ops LLC lifted its stake in shares of Mama’s Creations by 278.2% in the 2nd quarter. Squarepoint Ops LLC now owns 138,301 shares of the company’s stock valued at $2,469,000 after purchasing an additional 101,736 shares during the last quarter. 45.18% of the stock is currently owned by hedge funds and other institutional investors.
Mama’s Creations Price Performance
Mama’s Creations stock opened at $13.40 on Friday. The stock has a market cap of $631.81 million, a price-to-earnings ratio of 78.82 and a beta of 0.55. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.93 and a quick ratio of 6.48. Mama’s Creations, Inc. has a 1 year low of $9.91 and a 1 year high of $21.00. The firm has a 50-day moving average of $13.62 and a two-hundred day moving average of $15.42.
Mama’s Creations (NASDAQ:MAMA – Get Free Report) last issued its earnings results on Thursday, September 3rd. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $54.58 million for the quarter, compared to analyst estimates of $52.85 million. Mama’s Creations had a net margin of 3.53% and a return on equity of 10.05%. On average, research analysts forecast that Mama’s Creations, Inc. will post 0.25 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on MAMA. William Blair initiated coverage on Mama’s Creations in a report on Friday, July 24th. They issued an “outperform” rating for the company. Stephens initiated coverage on Mama’s Creations in a report on Monday, October 26th. They set an “overweight” rating and a $19.00 price target on the stock. Zacks Research lowered Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Weiss Ratings downgraded Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 14th. Finally, Benchmark assumed coverage on shares of Mama’s Creations in a research note on Tuesday, July 21st. They set a “buy” rating and a $25.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Mama’s Creations currently has a consensus rating of “Moderate Buy” and an average price target of $19.86.
View Our Latest Analysis on Mama’s Creations
Insider Activity
In related news, CEO Adam Michaels sold 69,683 shares of the business’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $13.31, for a total value of $927,480.73. Following the completion of the sale, the chief executive officer owned 722,719 shares in the company, valued at approximately $9,619,389.89. The trade was a 8.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.03% of the company’s stock.
About Mama’s Creations
Mama’s Creations, Inc is a food company that develops, produces and distributes prepared foods for retail and foodservice customers. The company focuses on convenient, ready-to-eat and ready-to-heat products sold primarily through grocery stores and other food retailers.
Its product portfolio includes meatballs, stuffed pasta and other Italian-style specialties, as well as prepared entrees, deli salads, antipasti and related refrigerated and frozen foods. Products are marketed under the Mama’s Creations brand and are designed to provide convenient meal and entertaining options.
Formerly known as MamaMancini’s Holdings, Inc, the company serves customers primarily in the United States through retail, club-store, foodservice and e-commerce channels.
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