Mama's Creations, Inc. $MAMA Shares Sold by Wasatch Advisors LP

Key Points

• Wasatch Advisors reduced its Mama’s Creations stake by 12.8% in the second quarter, selling 265,332 shares and retaining 1.81 million shares valued at approximately $32.3 million. Institutional investors collectively own 45.18% of the company.
• Analyst sentiment remains positive, with an average “Buy” rating and a consensus price target of $19.83; Benchmark and DA Davidson each set $25 targets.
• Mama’s Creations reported quarterly EPS of $0.05, exceeding the $0.03 consensus estimate, while revenue reached $52.77 million versus expectations of $51.63 million. Shares opened at $17.80, compared with a 12-month range of $7.89 to $21.00.

Wasatch Advisors LP lessened its holdings in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 12.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,811,699 shares of the company's stock after selling 265,332 shares during the quarter. Wasatch Advisors LP owned 4.43% of Mama's Creations worth $32,339,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue purchased a new position in shares of Mama's Creations during the 4th quarter worth approximately $63,000. Walleye Capital LLC acquired a new position in Mama's Creations during the second quarter worth $87,000. Prudential Financial Inc. purchased a new position in Mama's Creations in the second quarter worth $100,000. Verition Fund Management LLC acquired a new stake in Mama's Creations in the third quarter valued at $105,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Mama's Creations in the third quarter valued at $117,000. Institutional investors and hedge funds own 45.18% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MAMA shares. William Blair initiated coverage on shares of Mama's Creations in a report on Friday, July 24th. They issued an "outperform" rating for the company. Benchmark initiated coverage on Mama's Creations in a report on Tuesday, July 21st. They set a "buy" rating and a $25.00 price objective on the stock. DA Davidson reiterated a "buy" rating and issued a $25.00 target price on shares of Mama's Creations in a research note on Monday, July 13th. Weiss Ratings upgraded Mama's Creations from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 3rd. Finally, Zacks Research cut Mama's Creations from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $19.83.

Mama's Creations Stock Performance

Shares of NASDAQ:MAMA opened at $17.80 on Wednesday. The business has a 50-day moving average of $17.51 and a two-hundred day moving average of $15.98. The firm has a market capitalization of $728.73 million, a PE ratio of 127.14 and a beta of 0.56. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.32 and a quick ratio of 1.90. Mama's Creations, Inc. has a 12 month low of $7.89 and a 12 month high of $21.00.

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

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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