Aristides Capital LLC Has $2.85 Million Stake in Mama’s Creations, Inc. $MAMA

Aristides Capital LLC lowered its holdings in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 14.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 185,490 shares of the company’s stock after selling 32,475 shares during the quarter. Aristides Capital LLC owned 0.46% of Mama’s Creations worth $2,845,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. American Century Companies Inc. increased its holdings in Mama’s Creations by 1.6% during the 2nd quarter. American Century Companies Inc. now owns 89,062 shares of the company’s stock worth $739,000 after purchasing an additional 1,375 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Mama’s Creations by 4.8% in the second quarter. Rhumbline Advisers now owns 46,824 shares of the company’s stock valued at $389,000 after purchasing an additional 2,125 shares in the last quarter. Invesco Ltd. raised its position in Mama’s Creations by 10.9% in the 4th quarter. Invesco Ltd. now owns 22,299 shares of the company’s stock valued at $301,000 after buying an additional 2,183 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Mama’s Creations by 13.0% during the third quarter. Alliancebernstein L.P. now owns 21,750 shares of the company’s stock worth $229,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Mama’s Creations by 14.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,692 shares of the company’s stock worth $280,000 after acquiring an additional 2,646 shares in the last quarter. Institutional investors own 45.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MAMA. Zacks Research upgraded shares of Mama’s Creations from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Wall Street Zen downgraded Mama’s Creations from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Benchmark initiated coverage on shares of Mama’s Creations in a research report on Tuesday. They set a “buy” rating and a $25.00 price objective for the company. DA Davidson reiterated a “buy” rating and issued a $25.00 price objective on shares of Mama’s Creations in a report on Monday, July 13th. Finally, Weiss Ratings cut Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mama’s Creations presently has an average rating of “Buy” and an average price target of $19.83.

Mama’s Creations Stock Performance

Mama’s Creations stock opened at $17.48 on Friday. The company has a quick ratio of 1.90, a current ratio of 2.32 and a debt-to-equity ratio of 0.09. The stock has a market cap of $715.63 million, a PE ratio of 124.86 and a beta of 0.56. Mama’s Creations, Inc. has a 12-month low of $7.88 and a 12-month high of $21.00. The business’s 50-day moving average price is $16.61 and its two-hundred day moving average price is $15.56.

Mama’s Creations (NASDAQ:MAMA) last posted its earnings results on Monday, June 8th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $52.77 million during the quarter, compared to analysts’ expectations of $51.63 million. Mama’s Creations had a net margin of 3.21% and a return on equity of 14.69%. During the same quarter in the prior year, the business earned $0.03 earnings per share. As a group, analysts expect that Mama’s Creations, Inc. will post 0.26 earnings per share for the current fiscal year.

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. 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.