Expect Equity LLC Sells 74,567 Shares of Mama’s Creations, Inc. $MAMA

Expect Equity LLC reduced its stake in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 28.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 191,023 shares of the company’s stock after selling 74,567 shares during the quarter. Mama’s Creations accounts for approximately 2.5% of Expect Equity LLC’s portfolio, making the stock its 16th largest holding. Expect Equity LLC’s holdings in Mama’s Creations were worth $2,577,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Mama’s Creations by 0.4% during the third quarter. Vanguard Group Inc. now owns 1,893,943 shares of the company’s stock valued at $19,905,000 after buying an additional 7,254 shares during the last quarter. Next Century Growth Investors LLC grew its stake in shares of Mama’s Creations by 54.5% during the fourth quarter. Next Century Growth Investors LLC now owns 1,691,395 shares of the company’s stock valued at $22,817,000 after buying an additional 596,688 shares during the last quarter. First Eagle Investment Management LLC grew its stake in shares of Mama’s Creations by 1.6% during the third quarter. First Eagle Investment Management LLC now owns 1,337,614 shares of the company’s stock valued at $14,058,000 after buying an additional 21,700 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Mama’s Creations by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 898,594 shares of the company’s stock valued at $12,125,000 after buying an additional 68,506 shares during the last quarter. Finally, Park West Asset Management LLC bought a new position in shares of Mama’s Creations during the third quarter valued at about $8,408,000. 45.18% of the stock is owned by institutional investors.

Mama’s Creations Stock Up 4.0%

NASDAQ MAMA opened at $15.73 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.32 and a quick ratio of 1.90. The stock has a market capitalization of $640.37 million, a PE ratio of 112.36 and a beta of 0.60. Mama’s Creations, Inc. has a 1 year low of $7.82 and a 1 year high of $17.85. The business’s 50-day moving average is $14.58 and its 200 day moving average is $14.59.

Mama’s Creations (NASDAQ:MAMA) last posted its earnings results on Monday, June 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $52.77 million for the quarter, compared to analysts’ expectations of $51.63 million. Mama’s Creations had a return on equity of 14.69% and a net margin of 3.21%.During the same period last year, the firm earned $0.03 earnings per share. Sell-side analysts forecast that Mama’s Creations, Inc. will post 0.26 earnings per share for the current year.

Insider Activity

In related news, CEO Adam Laurance Michaels sold 16,223 shares of the firm’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $15.30, for a total value of $248,211.90. Following the sale, the chief executive officer directly owned 695,288 shares of the company’s stock, valued at $10,637,906.40. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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. 1.03% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MAMA. Wall Street Zen raised Mama’s Creations from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Weiss Ratings cut Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Zacks Research cut Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, DA Davidson reissued a “buy” rating and issued a $25.00 target price on shares of Mama’s Creations in a research note on Wednesday, May 20th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Mama’s Creations currently has an average rating of “Moderate Buy” and an average target price of $18.80.

Mama’s Creations Company Profile

Mama’s Creations, Inc engages in the marketing, manufacturing, and distribution of beef meatballs with sauce, turkey meatballs with sauce, beef meat loaf, sausage and peppers, chicken parmesan, and other similar meats and sauces. Its products include beef meatballs, turkey meatballs, stuffed meatballs, lasagna roll ups, retail ready meals, bulk deli, single-size pasta bowls, and packaged refrigerated products. Its brands include MamaMancini’s, Creative Salads, and The Olive Branch. The company was founded by Daniel Dougherty on July 22, 2009 and is headquartered in East Rutherford, NJ.