Aristides Capital LLC Increases Holdings in Mama’s Creations, Inc. $MAMA

Aristides Capital LLC boosted its position in Mama’s Creations, Inc. (NASDAQ:MAMA) by 72.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,305 shares of the company’s stock after buying an additional 130,000 shares during the quarter. Mama’s Creations makes up approximately 0.5% of Aristides Capital LLC’s portfolio, making the stock its 25th biggest position. Aristides Capital LLC owned about 0.76% of Mama’s Creations worth $3,251,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MAMA. American Century Companies Inc. boosted its stake in shares of Mama’s Creations by 1.6% in the 2nd quarter. American Century Companies Inc. now owns 89,062 shares of the company’s stock valued at $739,000 after purchasing an additional 1,375 shares in the last quarter. Trail Ridge Investment Advisors LLC raised its position in Mama’s Creations by 2.6% in the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 75,450 shares of the company’s stock worth $793,000 after purchasing an additional 1,884 shares during the period. Rhumbline Advisers lifted its stake in Mama’s Creations by 4.8% in the second quarter. Rhumbline Advisers now owns 46,824 shares of the company’s stock worth $389,000 after purchasing an additional 2,125 shares during the last quarter. Quantbot Technologies LP lifted its stake in Mama’s Creations by 16.7% in the third quarter. Quantbot Technologies LP now owns 19,146 shares of the company’s stock worth $201,000 after purchasing an additional 2,738 shares during the last quarter. Finally, Intech Investment Management LLC boosted its position in Mama’s Creations by 17.7% during the second quarter. Intech Investment Management LLC now owns 20,971 shares of the company’s stock valued at $174,000 after buying an additional 3,156 shares during the period. 45.18% of the stock is owned by hedge funds and other institutional investors.

Mama’s Creations Price Performance

Shares of MAMA stock opened at $15.83 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.38 and a current ratio of 1.85. Mama’s Creations, Inc. has a fifty-two week low of $6.05 and a fifty-two week high of $17.85. The firm has a market cap of $643.49 million, a P/E ratio of 143.92 and a beta of 0.78. The business’s 50 day moving average price is $15.13 and its 200-day moving average price is $12.44.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings results on Monday, December 8th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. Mama’s Creations had a return on equity of 16.72% and a net margin of 3.08%.The company had revenue of $47.27 million during the quarter, compared to analyst estimates of $43.21 million. During the same quarter last year, the firm posted $0.01 earnings per share. On average, equities research analysts anticipate that Mama’s Creations, Inc. will post 0.09 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MAMA shares. Roth Mkm boosted their target price on Mama’s Creations from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Wall Street Zen downgraded Mama’s Creations from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Lake Street Capital increased their price objective on Mama’s Creations from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. DA Davidson raised their target price on shares of Mama’s Creations from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Finally, Craig Hallum upped their price target on shares of Mama’s Creations from $12.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Mama’s Creations currently has an average rating of “Buy” and an average price target of $17.60.

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. 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.