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

Key Points

• Annex Advisory Services cut its Mama’s Creations stake by 36.2% in the second quarter, selling 87,088 shares and retaining 153,726 shares worth approximately $2.74 million. Institutional investors and hedge funds collectively own 45.18% of MAMA.
• Mama’s Creations reported quarterly earnings of $0.05 per share, exceeding estimates of $0.03, while revenue of $52.77 million also topped forecasts. Analysts expect full-year earnings of $0.24 per share.
• MAMA traded at $17.77, with a 52-week range of $7.89 to $21.00. Despite mixed analyst actions, the stock has a consensus “Buy” rating and a consensus price target of $19.83.

Annex Advisory Services LLC trimmed its stake in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 36.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 153,726 shares of the company's stock after selling 87,088 shares during the quarter. Annex Advisory Services LLC owned about 0.38% of Mama's Creations worth $2,744,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new stake in Mama's Creations in the fourth quarter worth about $63,000. Walleye Capital LLC bought a new position in shares of Mama's Creations during the 2nd quarter valued at about $87,000. Prudential Financial Inc. acquired a new position in shares of Mama's Creations in the 2nd quarter worth approximately $100,000. Verition Fund Management LLC acquired a new position in shares of Mama's Creations in the 3rd quarter worth approximately $105,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Mama's Creations in the 3rd quarter worth approximately $117,000. 45.18% of the stock is owned by institutional investors and hedge funds.

Mama's Creations Stock Performance

MAMA opened at $17.77 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.32. The company has a market cap of $727.50 million, a PE ratio of 126.93 and a beta of 0.56. The stock has a 50-day moving average of $17.57 and a 200-day moving average of $16.00. Mama's Creations, Inc. has a 52-week low of $7.89 and a 52-week high of $21.00.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last issued its quarterly earnings data on Monday, June 8th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.02. Mama's Creations had a net margin of 3.21% and a return on equity of 14.69%. The business had revenue of $52.77 million during the quarter, compared to analysts' expectations of $51.63 million. During the same period in the previous year, the company earned $0.03 earnings per share. As a group, equities research analysts forecast that Mama's Creations, Inc. will post 0.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MAMA. Zacks Research cut Mama's Creations from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 28th. William Blair began coverage on shares of Mama's Creations in a research note on Friday, July 24th. They issued an "outperform" rating for the company. Weiss Ratings upgraded shares of Mama's Creations from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 3rd. Wall Street Zen downgraded shares of Mama's Creations from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. Finally, DA Davidson restated a "buy" rating and issued a $25.00 target price on shares of Mama's Creations in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Mama's Creations currently has a consensus rating of "Buy" and a consensus price target of $19.83.

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. 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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