Aristides Capital LLC Purchases 73,885 Shares of Mama's Creations, Inc. $MAMA

Key Points

• Aristides Capital LLC increased its stake in Mama's Creations, Inc. by 70.1%, owning 179,305 shares worth approximately $1.17 million.
• Research analysts have provided mixed ratings on Mama's Creations, with four analysts giving it a Buy rating and a consensus price target of $10.50.
• Mama's Creations reported a net margin of 3.41% and earnings of $0.03 per share for the last quarter, surpassing analysts' expectations.

Aristides Capital LLC boosted its holdings in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 70.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 179,305 shares of the company's stock after buying an additional 73,885 shares during the period. Aristides Capital LLC owned 0.48% of Mama's Creations worth $1,167,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its position in shares of Mama's Creations by 19.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,622 shares of the company's stock worth $101,000 after acquiring an additional 2,073 shares during the last quarter. Rhumbline Advisers increased its position in Mama's Creations by 5.0% in the first quarter. Rhumbline Advisers now owns 44,699 shares of the company's stock worth $291,000 after buying an additional 2,146 shares during the period. Trail Ridge Investment Advisors LLC grew its holdings in Mama's Creations by 4.3% in the 1st quarter. Trail Ridge Investment Advisors LLC now owns 74,647 shares of the company's stock worth $486,000 after buying an additional 3,098 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Mama's Creations by 4.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 97,534 shares of the company's stock valued at $635,000 after acquiring an additional 4,231 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Mama's Creations by 5.7% during the 1st quarter. American Century Companies Inc. now owns 87,687 shares of the company's stock valued at $571,000 after acquiring an additional 4,702 shares in the last quarter. 45.18% of the stock is owned by hedge funds and other institutional investors.

Mama's Creations Stock Performance

Shares of MAMA stock traded down $0.10 during midday trading on Friday, hitting $7.98. 308,588 shares of the company were exchanged, compared to its average volume of 270,845. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.01 and a current ratio of 1.29. The firm has a market capitalization of $300.14 million, a P/E ratio of 72.55 and a beta of 0.75. Mama's Creations, Inc. has a 52 week low of $5.50 and a 52 week high of $9.98. The firm's 50 day moving average price is $8.55 and its two-hundred day moving average price is $7.43.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. The firm had revenue of $35.30 million during the quarter, compared to the consensus estimate of $32.74 million. Mama's Creations had a net margin of 3.41% and a return on equity of 18.19%. As a group, equities research analysts anticipate that Mama's Creations, Inc. will post 0.09 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on MAMA. Zacks Research cut Mama's Creations from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Wall Street Zen lowered shares of Mama's Creations from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Finally, Roth Capital reissued a "buy" rating and issued a $10.00 price target (up previously from $9.00) on shares of Mama's Creations in a research report on Wednesday, June 4th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $10.50.

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.