Wesbanco Bank Inc. Purchases 58,500 Shares of Mama's Creations, Inc. $MAMA

Key Points

• Wesbanco Bank Inc. increased its holdings in Mama's Creations, Inc. by 75% during the 2nd quarter, acquiring an additional 58,500 shares, bringing its total to 136,500 shares valued at approximately $1.13 million.
• Mama's Creations reported earnings of $0.03 per share for the last quarter, exceeding estimates, with a revenue of $35.20 million, higher than the projected $33.18 million.
• Recent analyst ratings show a mix of opinions, with Lake Street Capital raising its price target to $15.00, while Zacks downgraded the stock from "strong-buy" to "hold," reflecting uncertainty among analysts.

Wesbanco Bank Inc. boosted its stake in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 75.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 136,500 shares of the company's stock after buying an additional 58,500 shares during the quarter. Wesbanco Bank Inc. owned approximately 0.36% of Mama's Creations worth $1,133,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AlphaQuest LLC acquired a new position in Mama's Creations during the 1st quarter worth about $35,000. BNP Paribas Financial Markets acquired a new position in Mama's Creations during the 4th quarter worth about $68,000. Legato Capital Management LLC acquired a new position in Mama's Creations during the 1st quarter worth about $71,000. Price T Rowe Associates Inc. MD lifted its holdings in Mama's Creations by 19.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,622 shares of the company's stock worth $101,000 after buying an additional 2,073 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Mama's Creations in the 1st quarter worth about $116,000. 45.18% of the stock is owned by institutional investors and hedge funds.

Mama's Creations Trading Up 3.5%

Shares of NASDAQ MAMA opened at $9.74 on Tuesday. 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 0.05, a current ratio of 1.58 and a quick ratio of 1.15. The firm has a 50-day moving average of $8.74 and a 200 day moving average of $7.65. The stock has a market cap of $394.47 million, a P/E ratio of 88.55 and a beta of 0.65.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last issued its quarterly earnings results on Monday, September 8th. The company reported $0.03 earnings per share for the quarter, beating 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 firm had revenue of $35.20 million during the quarter, compared to the consensus estimate of $33.18 million. During the same period last year, the company earned $0.03 earnings per share. As a group, sell-side analysts expect that Mama's Creations, Inc. will post 0.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on MAMA. Lake Street Capital lifted their price objective 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. Wall Street Zen downgraded Mama's Creations from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Zacks Research downgraded shares of Mama's Creations from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Finally, Roth Capital upped their price target on shares of Mama's Creations from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Mama's Creations currently has an average rating of "Moderate Buy" and a consensus target price of $13.00.

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.

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