Keynote Financial Services LLC Purchases New Stake in Mama’s Creations, Inc. (NASDAQ:MAMA)

Keynote Financial Services LLC purchased a new stake in Mama’s Creations, Inc. (NASDAQ:MAMA) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,285 shares of the company’s stock, valued at approximately $76,000.

Several other hedge funds have also recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in shares of Mama’s Creations during the first quarter valued at approximately $56,000. Worth Venture Partners LLC purchased a new stake in shares of Mama’s Creations during the fourth quarter valued at approximately $63,000. Onyx Bridge Wealth Group LLC purchased a new stake in shares of Mama’s Creations during the first quarter valued at approximately $125,000. Quadrature Capital Ltd purchased a new stake in shares of Mama’s Creations during the fourth quarter valued at approximately $182,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Mama’s Creations during the fourth quarter valued at approximately $191,000. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Analyst Ratings Changes

MAMA has been the topic of a number of analyst reports. Roth Mkm reiterated a “buy” rating and set a $8.50 price objective (up previously from $6.50) on shares of Mama’s Creations in a research note on Wednesday, June 12th. Craig Hallum raised their price target on shares of Mama’s Creations from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Finally, Lake Street Capital raised their price target on shares of Mama’s Creations from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $9.38.

Mama’s Creations Stock Down 3.0 %

Shares of MAMA stock traded down $0.23 during mid-day trading on Friday, reaching $7.34. 333,599 shares of the company were exchanged, compared to its average volume of 389,543. Mama’s Creations, Inc. has a fifty-two week low of $2.94 and a fifty-two week high of $8.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.21 and a current ratio of 1.37. The company has a market capitalization of $273.51 million, a P/E ratio of 48.93 and a beta of 1.09. The business’s 50 day simple moving average is $7.09 and its 200 day simple moving average is $5.84.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings results on Tuesday, June 11th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $29.84 million for the quarter, compared to analyst estimates of $26.10 million. Mama’s Creations had a return on equity of 31.02% and a net margin of 5.19%. Research analysts predict that Mama’s Creations, Inc. will post 0.15 earnings per share for the current year.

Mama’s Creations Company Profile

Mama's Creations, Inc, together with its subsidiaries, manufactures and markets prepared refrigerated foods primarily in the United States. The company offers beef and turkey meatballs, meat loaf, chicken, sausage-related products, and pasta entrees; and hot bars, salad bars, prepared foods, sandwich, and cold deli and foods-to-go sections.