Mama's Creations, Inc. $MAMA Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs reduced its stake in Mama's Creations by 32.9%, holding 83,057 shares valued at approximately $541,000 after selling 40,690 shares in the first quarter.
• Directors and insiders of Mama's Creations have recently sold significant amounts of stock, with CEO Adam Laurance Michaels selling 65,220 shares for over $710,000, representing a 9.82% decrease in his position.
• Research firms have given mixed ratings on Mama's Creations, with target prices ranging from $11.00 to $18.00, while the stock currently trades around $10.81.

Goldman Sachs Group Inc. lessened its position in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 32.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,057 shares of the company's stock after selling 40,690 shares during the period. Goldman Sachs Group Inc. owned about 0.22% of Mama's Creations worth $541,000 as of its most recent SEC filing.

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

Insider Activity at Mama's Creations

In other Mama's Creations news, Director Shirley Romig sold 4,000 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $10.18, for a total value of $40,720.00. Following the completion of the transaction, the director owned 17,139 shares in the company, valued at $174,475.02. This represents a 18.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Laurance Michaels sold 65,220 shares of Mama's Creations stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $10.89, for a total transaction of $710,245.80. Following the sale, the chief executive officer owned 598,660 shares in the company, valued at $6,519,407.40. This represents a 9.82% decrease in their position. The disclosure for this sale can be found here. Insiders own 6.50% of the company's stock.

Mama's Creations Price Performance

Shares of NASDAQ MAMA opened at $10.81 on Friday. The stock has a fifty day moving average price of $8.99 and a 200 day moving average price of $7.88. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.05. Mama's Creations, Inc. has a 12-month low of $5.50 and a 12-month high of $11.49. The company has a market cap of $437.81 million, a P/E ratio of 98.28 and a beta of 0.65.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last issued its earnings results 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. Mama's Creations had a return on equity of 17.41% and a net margin of 3.34%.The company had revenue of $35.20 million during the quarter, compared to the consensus estimate of $33.18 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. Research analysts anticipate that Mama's Creations, Inc. will post 0.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MAMA. Lake Street Capital increased their target price on Mama's Creations from $11.00 to $15.00 and gave the stock a "buy" rating in a research report on Tuesday, September 9th. DA Davidson started coverage on shares of Mama's Creations in a research note on Tuesday. They set a "buy" rating and a $18.00 price target on the stock. 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. Roth Capital boosted their price target on Mama's Creations from $10.00 to $13.00 and gave the company a "buy" rating in a research report on Tuesday, September 9th. Finally, Zacks Research lowered Mama's Creations from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $14.25.

About Mama's Creations

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.

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