CM Wealth Advisors LLC Takes $1.05 Million Position in Mama’s Creations, Inc. $MAMA

CM Wealth Advisors LLC purchased a new position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 58,894 shares of the company’s stock, valued at approximately $1,051,000.

Other institutional investors have also recently made changes to their positions in the company. Persistent Asset Partners Ltd acquired a new position in Mama’s Creations in the second quarter valued at approximately $59,000. State of Alaska Department of Revenue purchased a new stake in Mama’s Creations in the fourth quarter valued at $63,000. Bridgeway Capital Management LLC purchased a new stake in Mama’s Creations in the fourth quarter valued at $135,000. Verition Fund Management LLC acquired a new position in shares of Mama’s Creations in the 3rd quarter valued at $105,000. Finally, Walleye Capital LLC acquired a new position in shares of Mama’s Creations in the 2nd quarter valued at $87,000. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MAMA. Zacks Research lowered Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. William Blair started coverage on Mama’s Creations in a research report on Friday, July 24th. They set an “outperform” rating on the stock. DA Davidson reiterated a “buy” rating and issued a $25.00 price objective on shares of Mama’s Creations in a research note on Monday, July 13th. Benchmark started coverage on Mama’s Creations in a report on Tuesday, July 21st. They issued a “buy” rating and a $25.00 target price for the company. Finally, Wall Street Zen cut Mama’s Creations from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $19.83.

Mama’s Creations Trading Up 2.7%

NASDAQ MAMA opened at $16.48 on Thursday. The company has a quick ratio of 1.90, a current ratio of 2.32 and a debt-to-equity ratio of 0.09. Mama’s Creations, Inc. has a 52 week low of $7.89 and a 52 week high of $21.00. The stock has a market capitalization of $674.69 million, a PE ratio of 117.71 and a beta of 0.56. The firm has a 50 day moving average of $17.80 and a two-hundred day moving average of $16.07.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings data on Monday, June 8th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $52.77 million for the quarter, compared to analyst estimates of $51.63 million. Mama’s Creations had a net margin of 3.21% and a return on equity of 14.69%. During the same period last year, the business earned $0.03 EPS. As a group, research analysts expect that Mama’s Creations, Inc. will post 0.24 EPS for the current fiscal year.

Mama’s Creations 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.