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

Royce & Associates LP purchased a new stake in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) in the 4th quarter, HoldingsChannel reports. The firm purchased 210,050 shares of the company’s stock, valued at approximately $2,834,000.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Mama’s Creations by 0.4% during the third quarter. Vanguard Group Inc. now owns 1,893,943 shares of the company’s stock valued at $19,905,000 after buying an additional 7,254 shares during the period. First Eagle Investment Management LLC boosted its position in Mama’s Creations by 1.6% during the third quarter. First Eagle Investment Management LLC now owns 1,337,614 shares of the company’s stock valued at $14,058,000 after buying an additional 21,700 shares during the period. Park West Asset Management LLC purchased a new stake in Mama’s Creations during the third quarter valued at about $8,408,000. Brown Capital Management LLC purchased a new stake in Mama’s Creations during the third quarter valued at about $7,332,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Mama’s Creations by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 511,064 shares of the company’s stock worth $5,371,000 after purchasing an additional 6,058 shares during the period. 45.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Adam Laurance Michaels sold 16,223 shares of Mama’s Creations stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 695,288 shares in the company, valued at approximately $10,637,906.40. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Insiders own 1.03% of the company’s stock.

Wall Street Analyst Weigh In

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

Mama’s Creations Price Performance

Shares of MAMA stock opened at $13.80 on Friday. The stock has a market cap of $561.80 million, a price-to-earnings ratio of 115.00 and a beta of 0.64. The business’s fifty day moving average is $14.65 and its 200 day moving average is $14.17. Mama’s Creations, Inc. has a twelve month low of $7.60 and a twelve month high of $17.85. 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 (NASDAQ:MAMA) last issued its quarterly earnings results on Tuesday, April 14th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $53.99 million for the quarter, compared to analysts’ expectations of $52.64 million. Mama’s Creations had a return on equity of 15.31% and a net margin of 3.06%. Research analysts expect that Mama’s Creations, Inc. will post 0.25 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.