Aristides Capital LLC Has $2.85 Million Stake in Mama’s Creations, Inc. $MAMA

Aristides Capital LLC reduced its stake in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 14.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 185,490 shares of the company’s stock after selling 32,475 shares during the period. Aristides Capital LLC’s holdings in Mama’s Creations were worth $2,845,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Mama’s Creations by 0.4% during the third quarter. Vanguard Group Inc. now owns 1,893,943 shares of the company’s stock worth $19,905,000 after buying an additional 7,254 shares during the period. Next Century Growth Investors LLC raised its stake in Mama’s Creations by 54.5% during the fourth quarter. Next Century Growth Investors LLC now owns 1,691,395 shares of the company’s stock worth $22,817,000 after buying an additional 596,688 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Mama’s Creations by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 898,594 shares of the company’s stock valued at $12,125,000 after buying an additional 68,506 shares during the period. Park West Asset Management LLC acquired a new position in Mama’s Creations in the third quarter valued at $8,408,000. Finally, State Street Corp boosted its position in Mama’s Creations by 6.1% during the fourth quarter. State Street Corp now owns 734,201 shares of the company’s stock valued at $9,904,000 after acquiring an additional 42,059 shares during the last quarter. 45.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MAMA has been the subject of several research analyst reports. Benchmark started coverage on Mama’s Creations in a research report on Tuesday. They issued a “buy” rating and a $25.00 price objective for the company. Wall Street Zen lowered shares of Mama’s Creations from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Zacks Research upgraded shares of Mama’s Creations from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Weiss Ratings cut shares of Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $25.00 target price on shares of Mama’s Creations in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $19.83.

Mama’s Creations Stock Up 1.5%

MAMA opened at $17.48 on Friday. Mama’s Creations, Inc. has a fifty-two week low of $7.88 and a fifty-two week high of $21.00. The firm has a market capitalization of $715.63 million, a P/E ratio of 124.86 and a beta of 0.56. The company’s 50-day moving average is $16.61 and its 200 day moving average is $15.56. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.32 and a quick ratio of 1.90.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings data on Monday, June 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $52.77 million during the quarter, compared to the consensus estimate 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 in the prior year, the firm posted $0.03 EPS. Research analysts expect that Mama’s Creations, Inc. will post 0.26 earnings per share for the current fiscal 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.