Mama’s Creations, Inc. $MAMA Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC cut its position in Mama’s Creations, Inc. (NASDAQ:MAMA) by 29.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 246,417 shares of the company’s stock after selling 100,798 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.61% of Mama’s Creations worth $2,590,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Grandeur Peak Global Advisors LLC increased its stake in Mama’s Creations by 8.6% in the second quarter. Grandeur Peak Global Advisors LLC now owns 1,158,781 shares of the company’s stock valued at $9,618,000 after purchasing an additional 91,857 shares during the period. Russell Investments Group Ltd. raised its stake in Mama’s Creations by 16.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 732,587 shares of the company’s stock valued at $6,080,000 after acquiring an additional 101,471 shares during the last quarter. Wesbanco Bank Inc. lifted its position in Mama’s Creations by 75.0% during the 2nd quarter. Wesbanco Bank Inc. now owns 136,500 shares of the company’s stock worth $1,133,000 after acquiring an additional 58,500 shares during the period. Nuveen LLC purchased a new stake in shares of Mama’s Creations during the first quarter worth approximately $388,000. Finally, Geode Capital Management LLC lifted its stake in shares of Mama’s Creations by 7.2% in the 2nd quarter. Geode Capital Management LLC now owns 821,094 shares of the company’s stock worth $6,816,000 after acquiring an additional 55,173 shares during the period. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Insider Transactions at Mama’s Creations

In related news, CEO Adam Laurance Michaels sold 3,512 shares of the stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $10.70, for a total transaction of $37,578.40. Following the completion of the sale, the chief executive officer owned 595,148 shares of the company’s stock, valued at approximately $6,368,083.60. This represents a 0.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MAMA. Weiss Ratings reiterated a “hold (c+)” rating on shares of Mama’s Creations in a research report on Monday, December 22nd. Maxim Group set a $20.00 price objective on Mama’s Creations in a research report on Tuesday, December 9th. Craig Hallum lifted their price objective on Mama’s Creations from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Roth Capital raised their price target on shares of Mama’s Creations from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Finally, DA Davidson lifted their price target on shares of Mama’s Creations from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $17.60.

Mama’s Creations Trading Down 0.7%

Shares of MAMA opened at $13.58 on Friday. Mama’s Creations, Inc. has a twelve month low of $5.50 and a twelve month high of $14.97. The firm has a market capitalization of $552.07 million, a P/E ratio of 123.47 and a beta of 0.79. The company has a current ratio of 1.85, a quick ratio of 1.38 and a debt-to-equity ratio of 0.11. The stock’s fifty day simple moving average is $11.61 and its 200 day simple moving average is $10.00.

Mama’s Creations (NASDAQ:MAMA) last posted its quarterly earnings results on Monday, December 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $47.27 million during the quarter, compared to the consensus estimate of $43.21 million. Mama’s Creations had a return on equity of 16.72% and a net margin of 3.08%.During the same quarter in the previous year, the business earned $0.01 earnings per share. On average, equities research analysts forecast that Mama’s Creations, Inc. will post 0.09 earnings per share for the current year.

About Mama’s Creations

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.