B. Riley Wealth Advisors Inc. Makes New Investment in Mama’s Creations, Inc. (NASDAQ:MAMA)

B. Riley Wealth Advisors Inc. acquired a new position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 39,000 shares of the company’s stock, valued at approximately $191,000. B. Riley Wealth Advisors Inc. owned about 0.10% of Mama’s Creations at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MAMA. Thompson Siegel & Walmsley LLC bought a new stake in Mama’s Creations during the 4th quarter worth about $3,389,000. Jump Financial LLC bought a new stake in Mama’s Creations during the 4th quarter worth about $323,000. Heartland Advisors Inc. bought a new stake in Mama’s Creations during the 4th quarter worth about $4,664,000. Navellier & Associates Inc. bought a new stake in Mama’s Creations during the 4th quarter worth about $571,000. Finally, Worth Venture Partners LLC bought a new stake in Mama’s Creations during the 4th quarter worth about $63,000. 45.18% of the stock is owned by institutional investors.

Mama’s Creations Price Performance

NASDAQ MAMA opened at $6.74 on Friday. The business has a 50 day simple moving average of $6.50 and a 200 day simple moving average of $5.32. Mama’s Creations, Inc. has a 52-week low of $2.92 and a 52-week high of $7.57. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.21 and a current ratio of 1.37. The stock has a market cap of $251.13 million, a price-to-earnings ratio of 44.94 and a beta of 0.98.

Mama’s Creations (NASDAQ:MAMA) last posted its earnings results on Wednesday, April 24th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Mama’s Creations had a return on equity of 31.02% and a net margin of 5.19%. The business had revenue of $26.73 million during the quarter, compared to analysts’ expectations of $25.07 million. Analysts anticipate that Mama’s Creations, Inc. will post 0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Mama’s Creations Company 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.