Wasatch Advisors LP Has $31.86 Million Holdings in Mama’s Creations, Inc. $MAMA

Wasatch Advisors LP cut its holdings in Mama’s Creations, Inc. (NASDAQ:MAMA) by 24.9% in the first quarter, HoldingsChannel reports. The firm owned 2,077,031 shares of the company’s stock after selling 688,617 shares during the period. Wasatch Advisors LP owned 0.05% of Mama’s Creations worth $31,862,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Kornitzer Capital Management Inc. KS bought a new position in Mama’s Creations during the fourth quarter valued at about $1,016,000. Nicholas Company Inc. lifted its position in shares of Mama’s Creations by 18.6% in the fourth quarter. Nicholas Company Inc. now owns 394,601 shares of the company’s stock worth $5,323,000 after buying an additional 61,860 shares during the last quarter. Royce & Associates LP bought a new stake in shares of Mama’s Creations during the 4th quarter worth about $2,834,000. Aristides Capital LLC boosted its stake in shares of Mama’s Creations by 72.5% during the 3rd quarter. Aristides Capital LLC now owns 309,305 shares of the company’s stock worth $3,251,000 after acquiring an additional 130,000 shares in the last quarter. Finally, Next Century Growth Investors LLC increased its holdings in shares of Mama’s Creations by 54.5% during the 4th quarter. Next Century Growth Investors LLC now owns 1,691,395 shares of the company’s stock valued at $22,817,000 after acquiring an additional 596,688 shares during the last quarter. 45.18% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on MAMA. DA Davidson reissued a “buy” rating and issued a $25.00 price objective on shares of Mama’s Creations in a research note on Wednesday, May 20th. Weiss Ratings cut Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Wall Street Zen upgraded Mama’s Creations from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Finally, Zacks Research lowered shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.80.

Mama’s Creations Stock Up 2.2%

MAMA stock opened at $19.94 on Friday. The stock has a market capitalization of $811.76 million, a price-to-earnings ratio of 142.43 and a beta of 0.60. The company has a 50-day moving average of $15.01 and a two-hundred day moving average of $14.92. Mama’s Creations, Inc. has a 52-week low of $7.88 and a 52-week high of $20.18. 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 (NASDAQ:MAMA) last posted its quarterly earnings data on Monday, June 8th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates 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 earnings per share. As a group, equities research analysts anticipate that Mama’s Creations, Inc. will post 0.26 EPS for the current year.

Insider Transactions at Mama’s Creations

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 16,223 shares of Mama’s Creations stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $15.30, for a total value of $248,211.90. Following the transaction, the chief executive officer directly owned 695,288 shares of the company’s stock, valued at $10,637,906.40. The trade was a 2.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.03% of the stock is owned by company insiders.

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.