Rice Hall James & Associates LLC Lowers Stock Holdings in Mama’s Creations, Inc. $MAMA

Rice Hall James & Associates LLC lowered its holdings in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 26.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 181,756 shares of the company’s stock after selling 64,661 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.45% of Mama’s Creations worth $2,452,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. American Century Companies Inc. boosted its position in Mama’s Creations by 1.6% during the second 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 boosted its position in Mama’s Creations by 4.8% during 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 in the last quarter. Alliancebernstein L.P. boosted its position 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 in the last quarter. Quantbot Technologies LP boosted its position in Mama’s Creations by 16.7% during 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 in the last quarter. Finally, Trail Ridge Investment Advisors LLC boosted its position in Mama’s Creations by 4.3% during the fourth quarter. Trail Ridge Investment Advisors LLC now owns 78,680 shares of the company’s stock worth $1,061,000 after purchasing an additional 3,230 shares in the last quarter. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Wall Street Analysts Forecast Growth

MAMA has been the topic of a number of recent analyst reports. Zacks Research downgraded Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen upgraded Mama’s Creations from a “hold” rating to a “buy” rating in a research report on Saturday. DA Davidson reiterated a “buy” rating and set a $25.00 price target on shares of Mama’s Creations in a research report on Wednesday, May 20th. Finally, Weiss Ratings downgraded Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $18.80.

Insider Buying and Selling at Mama’s Creations

In other news, CEO Adam Laurance Michaels sold 16,223 shares of the firm’s 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 owned 695,288 shares in the company, valued at $10,637,906.40. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 currently owned by company insiders.

Mama’s Creations Stock Performance

NASDAQ MAMA opened at $15.12 on Wednesday. The company has a market cap of $615.54 million, a PE ratio of 108.00 and a beta of 0.60. The stock’s 50 day simple moving average is $14.57 and its 200-day simple moving average is $14.56. Mama’s Creations, Inc. has a 1-year low of $7.82 and a 1-year high of $17.85. 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 released its earnings results 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. The business had revenue of $52.77 million for the quarter, compared to the consensus estimate of $51.63 million. Mama’s Creations had a return on equity of 14.69% and a net margin of 3.21%.During the same quarter last year, the business 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 fiscal year.

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.