Evernest Financial Advisors LLC Trims Stake in Mama's Creations, Inc. (NASDAQ:MAMA)

Key Points

• Evernest Financial Advisors LLC reduced its stake in Mama's Creations by 18.7%, now holding 155,192 shares valued at $1.01 million.
• Mama's Creations reported a quarterly EPS of $0.03, exceeding analysts' expectations of $0.02, with revenues hitting $35.30 million compared to estimates of $32.74 million.
• Analysts have a consensus "buy" rating for Mama's Creations, with a target price projected at $10.50.

Evernest Financial Advisors LLC cut its position in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 18.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,192 shares of the company's stock after selling 35,715 shares during the quarter. Evernest Financial Advisors LLC owned 0.41% of Mama's Creations worth $1,010,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of MAMA. American Century Companies Inc. grew its stake in shares of Mama's Creations by 9.2% in the fourth quarter. American Century Companies Inc. now owns 82,985 shares of the company's stock valued at $661,000 after buying an additional 7,014 shares in the last quarter. Geode Capital Management LLC grew its stake in Mama's Creations by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 757,796 shares of the company's stock worth $6,033,000 after purchasing an additional 2,305 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Mama's Creations during the 4th quarter worth $1,333,000. Grandeur Peak Global Advisors LLC acquired a new position in Mama's Creations during the 4th quarter worth $3,748,000. Finally, Barclays PLC grew its stake in Mama's Creations by 10.8% during the 4th quarter. Barclays PLC now owns 52,127 shares of the company's stock worth $415,000 after purchasing an additional 5,072 shares in the last quarter. 45.18% of the stock is owned by institutional investors and hedge funds.

Mama's Creations Stock Down 1.5%

Shares of NASDAQ:MAMA traded down $0.12 on Friday, hitting $8.02. 162,546 shares of the company's stock were exchanged, compared to its average volume of 196,994. The firm's 50-day moving average is $8.50 and its 200 day moving average is $7.36. The company has a market capitalization of $301.63 million, a PE ratio of 72.92 and a beta of 0.75. Mama's Creations, Inc. has a 1-year low of $5.50 and a 1-year high of $9.98. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.01 and a current ratio of 1.29.

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

Analyst Ratings Changes

MAMA has been the subject of several analyst reports. Wall Street Zen cut Mama's Creations from a "buy" rating to a "hold" rating in a research note on Sunday. Roth Capital reaffirmed a "buy" rating and set a $10.00 price objective (up from $9.00) on shares of Mama's Creations in a research report on Wednesday, June 4th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.