43,600 Shares in Mama's Creations, Inc. $MAMA Purchased by Strs Ohio

Key Points

• Strs Ohio has acquired 43,600 shares of Mama's Creations, Inc., valued at approximately $284,000, as part of their new position in the company during the 1st quarter.
• Mama's Creations reported earnings per share of $0.03 for the recent quarter, beating analyst estimates of $0.02, with total revenue of $35.20 million.
• Analysts have set a consensus price target of $14.25 for Mama's Creations, with ratings ranging from "buy" to "hold" from various research firms.

Strs Ohio bought a new position in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 43,600 shares of the company's stock, valued at approximately $284,000. Strs Ohio owned approximately 0.12% of Mama's Creations at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MAMA. Penn Capital Management Company LLC lifted its stake in Mama's Creations by 170.1% during the 1st quarter. Penn Capital Management Company LLC now owns 332,948 shares of the company's stock worth $2,167,000 after acquiring an additional 209,680 shares in the last quarter. Diamond Hill Capital Management Inc. raised its position in Mama's Creations by 36.1% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 558,579 shares of the company's stock valued at $3,636,000 after purchasing an additional 148,147 shares in the last quarter. Expect Equity LLC raised its position in Mama's Creations by 49.8% in the 1st quarter. Expect Equity LLC now owns 283,224 shares of the company's stock valued at $1,844,000 after purchasing an additional 94,117 shares in the last quarter. Wesbanco Bank Inc. acquired a new stake in Mama's Creations in the 1st quarter valued at about $508,000. Finally, Aristides Capital LLC raised its position in Mama's Creations by 70.1% in the 1st quarter. Aristides Capital LLC now owns 179,305 shares of the company's stock valued at $1,167,000 after purchasing an additional 73,885 shares in the last quarter. Institutional investors and hedge funds own 45.18% of the company's stock.

Mama's Creations Trading Down 3.2%

Shares of MAMA stock opened at $10.60 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.05. Mama's Creations, Inc. has a twelve month low of $5.50 and a twelve month high of $11.49. The company has a market capitalization of $429.30 million, a P/E ratio of 96.37 and a beta of 0.65. The business's 50 day moving average is $8.93 and its two-hundred day moving average is $7.83.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last posted its quarterly earnings results on Monday, September 8th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. Mama's Creations had a return on equity of 17.41% and a net margin of 3.34%.The firm had revenue of $35.20 million for the quarter, compared to the consensus estimate of $33.18 million. During the same period in the previous year, the business earned $0.03 earnings per share. Equities analysts forecast that Mama's Creations, Inc. will post 0.09 EPS for the current year.

Insider Buying and Selling at Mama's Creations

In related news, Director Shirley Romig sold 4,000 shares of Mama's Creations stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $10.18, for a total value of $40,720.00. Following the sale, the director directly owned 17,139 shares in the company, valued at $174,475.02. The trade was a 18.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Lake Street Capital increased their price target on Mama's Creations from $11.00 to $15.00 and gave the company a "buy" rating in a research report on Tuesday, September 9th. Wall Street Zen lowered Mama's Creations from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Roth Capital increased their price target on Mama's Creations from $10.00 to $13.00 and gave the company a "buy" rating in a research report on Tuesday, September 9th. DA Davidson assumed coverage on Mama's Creations in a research report on Tuesday. They issued a "buy" rating and a $18.00 price target on the stock. Finally, Zacks Research lowered Mama's Creations from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $14.25.

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.

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