77,713 Mama’s Creations, Inc. $MAMA Shares Bought by CenterBook Partners LP

CenterBook Partners LP boosted its position in Mama’s Creations, Inc. (NASDAQ:MAMA) by 152.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 128,577 shares of the company’s stock after purchasing an additional 77,713 shares during the period. CenterBook Partners LP’s holdings in Mama’s Creations were worth $1,657,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of MAMA. Persistent Asset Partners Ltd bought a new stake in shares of Mama’s Creations during the 2nd quarter valued at about $59,000. Legal & General Group Plc bought a new position in shares of Mama’s Creations in the 2nd quarter worth approximately $65,000. Group One Trading LLC bought a new position in shares of Mama’s Creations in the 2nd quarter worth approximately $81,000. State of Alaska Department of Revenue lifted its stake in shares of Mama’s Creations by 39.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 6,571 shares of the company’s stock worth $83,000 after purchasing an additional 1,851 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Mama’s Creations in the second quarter worth approximately $180,000. 45.18% of the stock is owned by hedge funds and other institutional investors.

Mama’s Creations Stock Up 3.0%

NASDAQ MAMA opened at $13.80 on Tuesday. The stock’s 50-day moving average price is $13.57 and its 200-day moving average price is $15.41. The company has a quick ratio of 6.48, a current ratio of 6.93 and a debt-to-equity ratio of 0.03. Mama’s Creations, Inc. has a 52 week low of $9.91 and a 52 week high of $21.00. The company has a market capitalization of $650.67 million, a P/E ratio of 70.26 and a beta of 0.55.

Mama’s Creations (NASDAQ:MAMA) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $54.58 million for the quarter, compared to analysts’ expectations of $52.85 million. Mama’s Creations had a return on equity of 10.05% and a net margin of 3.53%. On average, equities research analysts predict that Mama’s Creations, Inc. will post 0.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MAMA shares. Lake Street Capital restated a “buy” rating and set a $22.00 target price on shares of Mama’s Creations in a research report on Friday, September 4th. William Blair assumed coverage on shares of Mama’s Creations in a research report on Friday, July 24th. They issued an “outperform” rating on the stock. Weiss Ratings downgraded shares of Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 14th. Stephens started coverage on shares of Mama’s Creations in a research note on Monday, October 26th. They set an “overweight” rating and a $19.00 price target on the stock. Finally, Benchmark began coverage on shares of Mama’s Creations in a research report on Tuesday, July 21st. They set a “buy” rating and a $25.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.86.

Insider Buying and Selling

In other Mama’s Creations news, CEO Adam Michaels sold 69,683 shares of the firm’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $13.31, for a total transaction of $927,480.73. Following the sale, the chief executive officer owned 722,719 shares in the company, valued at approximately $9,619,389.89. This trade represents a 8.79% decrease in their position. The transaction was disclosed in a legal filing 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.

About Mama’s Creations

Mama’s Creations, Inc is a food company that develops, produces and distributes prepared foods for retail and foodservice customers. The company focuses on convenient, ready-to-eat and ready-to-heat products sold primarily through grocery stores and other food retailers.

Its product portfolio includes meatballs, stuffed pasta and other Italian-style specialties, as well as prepared entrees, deli salads, antipasti and related refrigerated and frozen foods. Products are marketed under the Mama’s Creations brand and are designed to provide convenient meal and entertaining options.

Formerly known as MamaMancini’s Holdings, Inc, the company serves customers primarily in the United States through retail, club-store, foodservice and e-commerce channels.