Annex Advisory Services LLC Sells 397,689 Shares of Mama's Creations, Inc. $MAMA

Key Points

• Annex Advisory Services LLC reduced its stake in Mama's Creations by 39.7% in Q2, now holding approximately 1.61% of the company's shares valued at $5,019,000.
• Several institutional investors have increased their stakes in Mama's Creations, with Penn Capital Management increasing its position by 170.1% in Q1, now owning shares worth $2,167,000.
• Mama's Creations reported earnings of $0.03 per share, surpassing expectations, and has received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and a price target of $13.00.

Annex Advisory Services LLC trimmed its holdings in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 39.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 604,750 shares of the company's stock after selling 397,689 shares during the period. Annex Advisory Services LLC owned about 1.61% of Mama's Creations worth $5,019,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MAMA. AlphaQuest LLC acquired a new stake in shares of Mama's Creations during the first quarter worth approximately $35,000. BNP Paribas Financial Markets acquired a new stake in shares of Mama's Creations during the 4th quarter valued at $68,000. Legato Capital Management LLC acquired a new stake in shares of Mama's Creations during the 1st quarter valued at $71,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Mama's Creations during the first quarter valued at $116,000. Finally, Deutsche Bank AG lifted its holdings in shares of Mama's Creations by 3,085.4% during the 4th quarter. Deutsche Bank AG now owns 26,407 shares of the company's stock valued at $210,000 after buying an additional 25,578 shares during the last quarter. Institutional investors and hedge funds own 45.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Roth Capital boosted their price target on Mama's Creations from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Tuesday, September 9th. Lake Street Capital boosted their target price on Mama's Creations from $11.00 to $15.00 and gave the stock a "buy" rating in a report on Tuesday, September 9th. Zacks Research cut shares of Mama's Creations from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, Wall Street Zen cut shares of Mama's Creations from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $13.00.

Insider Transactions at Mama's Creations

In other news, Director Shirley Romig sold 4,000 shares of the firm's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $10.18, for a total value of $40,720.00. Following the transaction, the director owned 17,139 shares of the company's stock, valued at approximately $174,475.02. This trade represents a 18.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.50% of the stock is currently owned by corporate insiders.

Mama's Creations Price Performance

Shares of MAMA stock traded up $0.25 during mid-day trading on Monday, reaching $10.95. The company's stock had a trading volume of 337,397 shares, compared to its average volume of 285,012. Mama's Creations, Inc. has a 1-year low of $5.50 and a 1-year high of $11.03. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.15 and a current ratio of 1.58. The company has a market cap of $443.46 million, a P/E ratio of 99.55 and a beta of 0.65. The firm's 50-day moving average is $8.86 and its two-hundred day moving average is $7.77.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last issued its quarterly earnings data on Monday, September 8th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. The firm had revenue of $35.20 million for the quarter, compared to analysts' expectations of $33.18 million. Mama's Creations had a net margin of 3.34% and a return on equity of 17.41%. During the same period in the prior year, the firm earned $0.03 earnings per share. On average, research analysts predict that Mama's Creations, Inc. will post 0.09 earnings per share for the current year.

Mama's Creations 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.