Mama’s Creations, Inc. $MAMA Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP trimmed its holdings in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 12.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,811,699 shares of the company’s stock after selling 265,332 shares during the period. Wasatch Advisors LP’s holdings in Mama’s Creations were worth $32,339,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new position in shares of Mama’s Creations during the fourth quarter worth about $63,000. SG Americas Securities LLC purchased a new stake in shares of Mama’s Creations in the fourth quarter worth about $119,000. Bridgeway Capital Management LLC acquired a new stake in shares of Mama’s Creations in the fourth quarter valued at about $135,000. Verition Fund Management LLC acquired a new stake in shares of Mama’s Creations in the third quarter valued at about $105,000. Finally, Walleye Capital LLC purchased a new stake in shares of Mama’s Creations during the 2nd quarter valued at about $87,000. 45.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MAMA. Benchmark started coverage on Mama’s Creations in a research report on Tuesday, July 21st. They set a “buy” rating and a $25.00 price target on the stock. Weiss Ratings raised shares of Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Zacks Research lowered shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. William Blair started coverage on shares of Mama’s Creations in a research report on Friday, July 24th. They set an “outperform” rating on the stock. Finally, DA Davidson restated a “buy” rating and issued a $25.00 target price on shares of Mama’s Creations in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $19.83.

Mama’s Creations Stock Up 0.7%

Shares of Mama’s Creations stock opened at $17.80 on Wednesday. Mama’s Creations, Inc. has a 1-year low of $7.89 and a 1-year high of $21.00. The company has a market capitalization of $728.73 million, a PE ratio of 127.14 and a beta of 0.56. 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 business has a 50-day moving average of $17.51 and a 200-day moving average of $15.98.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings results on Monday, June 8th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. The business 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 quarter in the previous year, the firm posted $0.03 earnings per share. As a group, equities analysts forecast that Mama’s Creations, Inc. will post 0.24 EPS for the current fiscal year.

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.