Mama's Creations, Inc. $MAMA Shares Sold by Annex Advisory Services LLC

Key Points

• Annex Advisory Services LLC reduced its stake in Mama's Creations by 41.5% in Q4, selling 211,088 shares and now holds 297,829 shares (~0.73% of the company, valued at about $4.02M).
• The stock carries a consensus analyst rating of "Buy" with an average target price of $17.60, after mixed recent notes including a downgrade from Wall Street Zen and upgrades from Zacks and Weiss Ratings.
• MAMA shares opened at $15.75 with a market cap of $640.24M and a P/E of 143.19; institutional investors own about 45.18% of the stock and its 52-week range is $6.07–$17.85.

Annex Advisory Services LLC reduced its stake in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 41.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 297,829 shares of the company's stock after selling 211,088 shares during the quarter. Annex Advisory Services LLC owned about 0.73% of Mama's Creations worth $4,018,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in shares of Mama's Creations during the fourth quarter worth $63,000. Walleye Capital LLC acquired a new stake in shares of Mama's Creations during the second quarter worth $87,000. Prudential Financial Inc. acquired a new stake in shares of Mama's Creations during the second quarter worth $100,000. Verition Fund Management LLC acquired a new stake in shares of Mama's Creations during the third quarter worth $105,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Mama's Creations during the third quarter worth $117,000. 45.18% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Mama's Creations from a "buy" rating to a "hold" rating in a research note on Saturday, February 7th. Zacks Research upgraded shares of Mama's Creations from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 10th. Finally, Weiss Ratings upgraded shares of Mama's Creations from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat, Mama's Creations has a consensus rating of "Buy" and an average target price of $17.60.

Mama's Creations Stock Down 0.8%

MAMA stock opened at $15.75 on Wednesday. The stock has a market capitalization of $640.24 million, a P/E ratio of 143.19 and a beta of 0.72. The firm has a 50-day simple moving average of $15.72 and a 200-day simple moving average of $13.42. The company has a quick ratio of 1.38, a current ratio of 1.85 and a debt-to-equity ratio of 0.11. Mama's Creations, Inc. has a 52 week low of $6.07 and a 52 week high of $17.85.

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. 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.

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