Royce & Associates LP Buys Shares of 210,050 Mama’s Creations, Inc. $MAMA

Royce & Associates LP bought a new stake in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 210,050 shares of the company’s stock, valued at approximately $2,834,000. Royce & Associates LP owned 0.52% of Mama’s Creations at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue bought a new stake in Mama’s Creations during the 4th quarter valued at $63,000. Walleye Capital LLC bought a new stake in Mama’s Creations during the 2nd quarter valued at $87,000. Prudential Financial Inc. bought a new stake in Mama’s Creations during the 2nd quarter valued at $100,000. Verition Fund Management LLC bought a new stake in Mama’s Creations during the 3rd quarter valued at $105,000. Finally, Envestnet Asset Management Inc. bought a new stake in Mama’s Creations during the 3rd quarter valued at $117,000. Institutional investors own 45.18% of the company’s stock.

Mama’s Creations Stock Down 4.8%

MAMA opened at $13.80 on Friday. The stock has a market cap of $561.80 million, a PE ratio of 115.00 and a beta of 0.64. The company has a quick ratio of 1.71, a current ratio of 2.17 and a debt-to-equity ratio of 0.10. Mama’s Creations, Inc. has a 52 week low of $7.60 and a 52 week high of $17.85. The business’s fifty day simple moving average is $14.65 and its 200 day simple moving average is $14.17.

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

Insider Transactions at Mama’s Creations

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 16,223 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $15.30, for a total transaction of $248,211.90. Following the completion of the sale, the chief executive officer directly owned 695,288 shares in the company, valued at $10,637,906.40. This represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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. 1.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Mama’s Creations from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings raised shares of Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 13th. Zacks Research cut shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $25.00 price target on shares of Mama’s Creations in a report on Wednesday, May 20th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Mama’s Creations presently has a consensus rating of “Moderate Buy” and an average price target of $18.80.

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.