Nicholas Company Inc. Purchases 61,860 Shares of Mama’s Creations, Inc. $MAMA

Nicholas Company Inc. lifted its position in Mama’s Creations, Inc. (NASDAQ:MAMA) by 18.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 394,601 shares of the company’s stock after acquiring an additional 61,860 shares during the quarter. Nicholas Company Inc.’s holdings in Mama’s Creations were worth $5,323,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new stake in shares of Mama’s Creations in the fourth quarter valued at about $63,000. Walleye Capital LLC bought a new stake in shares of Mama’s Creations in the second quarter valued at about $87,000. Prudential Financial Inc. bought a new stake in shares of Mama’s Creations in the second quarter valued at about $100,000. Verition Fund Management LLC bought a new stake in shares of Mama’s Creations in the third quarter valued at about $105,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Mama’s Creations in the third quarter valued at about $117,000. 45.18% of the stock is currently owned by institutional investors.

Insider Activity at Mama’s Creations

In related news, CEO Adam Laurance Michaels sold 16,223 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $15.30, for a total value of $248,211.90. Following the completion of the transaction, the chief executive officer directly owned 695,288 shares of the company’s stock, valued at $10,637,906.40. This trade represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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. 6.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wall Street Zen downgraded Mama’s Creations from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Zacks Research downgraded Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. DA Davidson lifted their price objective on Mama’s Creations to $25.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Finally, Weiss Ratings upgraded Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 13th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.80.

Mama’s Creations Stock Performance

MAMA stock opened at $13.20 on Monday. The firm has a market cap of $536.71 million, a price-to-earnings ratio of 110.00 and a beta of 0.64. The firm has a 50-day simple moving average of $15.31 and a two-hundred day simple moving average of $13.79. Mama’s Creations, Inc. has a one year low of $6.37 and a one year high of $17.85. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.71 and a current ratio of 2.17.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings results on Tuesday, April 14th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $53.99 million during the quarter, compared to analyst estimates of $52.64 million. Mama’s Creations had a net margin of 3.06% and a return on equity of 15.31%. On average, equities analysts forecast that Mama’s Creations, Inc. will post 0.25 EPS for the current fiscal year.

Mama’s Creations Company 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.