Wasatch Advisors LP Sells 54,696 Shares of Mama’s Creations, Inc. (NASDAQ:MAMA)

Wasatch Advisors LP lowered its holdings in Mama’s Creations, Inc. (NASDAQ:MAMA) by 1.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,829,067 shares of the company’s stock after selling 54,696 shares during the period. Wasatch Advisors LP owned approximately 10.22% of Mama’s Creations worth $19,145,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bard Associates Inc. bought a new stake in Mama’s Creations in the 4th quarter valued at about $5,688,000. Perritt Capital Management Inc. acquired a new position in shares of Mama’s Creations in the 4th quarter valued at approximately $1,369,000. Aristides Capital LLC acquired a new position in shares of Mama’s Creations in the 4th quarter valued at approximately $576,000. Navellier & Associates Inc. acquired a new position in shares of Mama’s Creations in the 4th quarter valued at approximately $571,000. Finally, Pinnacle Holdings LLC acquired a new position in shares of Mama’s Creations in the 4th quarter valued at approximately $236,000. Institutional investors own 45.18% of the company’s stock.

Mama’s Creations Trading Up 5.6 %

Shares of NASDAQ MAMA opened at $6.84 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.21 and a current ratio of 1.37. Mama’s Creations, Inc. has a 52-week low of $2.94 and a 52-week high of $7.57. The firm has a 50 day moving average price of $6.57 and a two-hundred day moving average price of $5.38. The stock has a market cap of $254.86 million, a P/E ratio of 45.60 and a beta of 1.09.

Mama’s Creations (NASDAQ:MAMA) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Mama’s Creations had a net margin of 5.19% and a return on equity of 31.02%. The company had revenue of $26.73 million for the quarter, compared to analyst estimates of $25.07 million. As a group, equities analysts forecast that Mama’s Creations, Inc. will post 0.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MAMA. Roth Mkm restated a “buy” rating and issued a $8.50 target price (up from $6.50) on shares of Mama’s Creations in a research report on Wednesday, June 12th. Lake Street Capital upped their price objective on shares of Mama’s Creations from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Finally, Craig Hallum upped their price objective on shares of Mama’s Creations from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $9.38.

Mama’s Creations Profile

Mama's Creations, Inc, together with its subsidiaries, manufactures and markets prepared refrigerated foods primarily in the United States. The company offers beef and turkey meatballs, meat loaf, chicken, sausage-related products, and pasta entrees; and hot bars, salad bars, prepared foods, sandwich, and cold deli and foods-to-go sections.