Rhumbline Advisers Purchases New Holdings in Mama’s Creations, Inc. (NASDAQ:MAMA)

Rhumbline Advisers acquired a new position in Mama’s Creations, Inc. (NASDAQ:MAMA) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 38,575 shares of the company’s stock, valued at approximately $260,000.

Several other institutional investors have also added to or reduced their stakes in the company. Bard Associates Inc. purchased a new position in Mama’s Creations during the 4th quarter valued at about $5,688,000. Wasatch Advisors LP purchased a new position in Mama’s Creations during the fourth quarter valued at approximately $19,069,000. Perritt Capital Management Inc. bought a new position in Mama’s Creations in the fourth quarter worth approximately $1,369,000. First Eagle Investment Management LLC purchased a new stake in Mama’s Creations during the first quarter worth $1,164,000. Finally, Aristides Capital LLC bought a new stake in Mama’s Creations during the 4th quarter valued at $576,000. Institutional investors own 45.18% of the company’s stock.

Analysts Set New Price Targets

MAMA has been the subject of a number of analyst reports. Craig Hallum upped their price objective on Mama’s Creations from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Roth Mkm restated a “buy” rating and issued a $10.00 price target (up from $8.50) on shares of Mama’s Creations in a report on Wednesday, September 11th. Finally, Lake Street Capital boosted 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 note on Wednesday, June 12th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $10.00.

Insider Activity at Mama’s Creations

In other news, CEO Adam Laurance Michaels sold 65,898 shares of Mama’s Creations stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $7.42, for a total transaction of $488,963.16. Following the sale, the chief executive officer now owns 543,260 shares of the company’s stock, valued at approximately $4,030,989.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 10.00% of the stock is currently owned by insiders.

Mama’s Creations Stock Up 0.6 %

MAMA opened at $7.38 on Friday. The company has a market cap of $274.81 million, a PE ratio of 49.17 and a beta of 1.05. Mama’s Creations, Inc. has a twelve month low of $3.31 and a twelve month high of $8.69. The company has a 50-day moving average price of $7.76 and a 200 day moving average price of $6.71. The company has a quick ratio of 1.17, a current ratio of 1.37 and a debt-to-equity ratio of 0.18.

Mama’s Creations (NASDAQ:MAMA) last issued its earnings results on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Mama’s Creations had a net margin of 4.51% and a return on equity of 25.53%. The business had revenue of $28.38 million during the quarter, compared to analysts’ expectations of $27.80 million. During the same period in the prior year, the business earned $0.05 earnings per share. Sell-side analysts expect that Mama’s Creations, Inc. will post 0.14 earnings per share for the current fiscal year.

About Mama’s Creations

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.