Mama’s Creations, Inc. $MAMA Shares Sold by Evernest Financial Advisors LLC

Evernest Financial Advisors LLC lowered its stake in Mama’s Creations, Inc. (NASDAQ:MAMA) by 62.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 25,242 shares of the company’s stock after selling 42,000 shares during the period. Evernest Financial Advisors LLC’s holdings in Mama’s Creations were worth $265,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Brown Capital Management LLC acquired a new position in Mama’s Creations in the third quarter worth about $7,332,000. Gilder Gagnon Howe & Co. LLC bought a new position in Mama’s Creations during the 2nd quarter worth approximately $2,047,000. Calamos Advisors LLC lifted its holdings in Mama’s Creations by 48.2% during the 2nd quarter. Calamos Advisors LLC now owns 356,862 shares of the company’s stock worth $2,962,000 after buying an additional 116,110 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Mama’s Creations by 16.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 732,587 shares of the company’s stock worth $6,080,000 after acquiring an additional 101,471 shares in the last quarter. Finally, Grandeur Peak Global Advisors LLC increased its holdings in shares of Mama’s Creations by 8.6% in the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 1,158,781 shares of the company’s stock valued at $9,618,000 after acquiring an additional 91,857 shares during the last quarter. Institutional investors own 45.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MAMA shares. Wall Street Zen lowered Mama’s Creations from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Lake Street Capital increased their target price on shares of Mama’s Creations from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Roth Mkm 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 report on Tuesday, December 9th. Zacks Research downgraded shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Craig Hallum increased their price objective on shares of Mama’s Creations from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.60.

Mama’s Creations Stock Performance

Shares of MAMA opened at $16.52 on Wednesday. The firm has a fifty day moving average of $14.77 and a 200-day moving average of $12.11. The company has a market cap of $671.54 million, a price-to-earnings ratio of 150.20 and a beta of 0.78. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.38 and a current ratio of 1.85. Mama’s Creations, Inc. has a 1 year low of $5.50 and a 1 year high of $17.85.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings data on Monday, December 8th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $47.27 million for the quarter, compared to analysts’ expectations of $43.21 million. Mama’s Creations had a net margin of 3.08% and a return on equity of 16.72%. During the same quarter last year, the company earned $0.01 EPS. As a group, equities analysts anticipate that Mama’s Creations, Inc. will post 0.09 earnings per share for the current 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.