Mama’s Creations, Inc. (NASDAQ:MAMA) Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its stake in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 3.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,878 shares of the company’s stock after purchasing an additional 1,762 shares during the quarter. Ritholtz Wealth Management owned approximately 0.15% of Mama’s Creations worth $377,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in Mama’s Creations during the 1st quarter valued at approximately $56,000. Worth Venture Partners LLC acquired a new position in Mama’s Creations during the 4th quarter worth $63,000. Keynote Financial Services LLC acquired a new position in Mama’s Creations during the 1st quarter worth $76,000. Onyx Bridge Wealth Group LLC acquired a new position in Mama’s Creations during the 1st quarter worth $125,000. Finally, Quadrature Capital Ltd acquired a new position in Mama’s Creations during the 4th quarter worth $182,000. Institutional investors and hedge funds own 45.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MAMA. Roth Mkm reiterated a “buy” rating and set a $8.50 price target (up previously from $6.50) on shares of Mama’s Creations in a research report on Wednesday, June 12th. Craig Hallum boosted their price target on Mama’s Creations from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Finally, Lake Street Capital boosted their price target on Mama’s Creations from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Mama’s Creations currently has a consensus rating of “Buy” and a consensus target price of $9.38.

Mama’s Creations Trading Up 0.5 %

Shares of Mama’s Creations stock opened at $7.78 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.37 and a debt-to-equity ratio of 0.29. The firm has a market cap of $289.91 million, a price-to-earnings ratio of 51.87 and a beta of 1.05. The business has a fifty day simple moving average of $7.64 and a 200-day simple moving average of $6.39. Mama’s Creations, Inc. has a fifty-two week low of $3.31 and a fifty-two week high of $8.69.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings data on Tuesday, June 11th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $29.84 million during the quarter, compared to analyst estimates of $26.10 million. Mama’s Creations had a net margin of 5.19% and a return on equity of 31.02%. On average, equities analysts forecast that Mama’s Creations, Inc. will post 0.15 EPS for the current fiscal year.

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.