Planning Capital Management Corp Takes $36,000 Position in Mama’s Creations, Inc. (NASDAQ:MAMA)

Planning Capital Management Corp acquired a new position in Mama’s Creations, Inc. (NASDAQ:MAMA) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,000 shares of the company’s stock, valued at approximately $36,000.

Other large investors have also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Mama’s Creations in the first quarter worth approximately $56,000. Keynote Financial Services LLC purchased a new position in shares of Mama’s Creations during the first quarter valued at approximately $76,000. The Manufacturers Life Insurance Company purchased a new stake in Mama’s Creations during the second quarter valued at approximately $86,000. Ballentine Partners LLC bought a new position in shares of Mama’s Creations in the third quarter worth approximately $110,000. Finally, Principal Financial Group Inc. bought a new position in shares of Mama’s Creations during the third quarter worth $152,000. Institutional investors own 45.18% of the company’s stock.

Insider Buying and Selling

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 65,898 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $7.42, for a total value of $488,963.16. Following the transaction, the chief executive officer now owns 543,260 shares of the company’s stock, valued at $4,030,989.20. This represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 10.00% of the stock is owned by insiders.

Mama’s Creations Stock Down 3.8 %

NASDAQ:MAMA opened at $7.89 on Friday. The company’s 50-day simple moving average is $7.80 and its 200-day simple moving average is $7.39. The stock has a market capitalization of $296.51 million, a P/E ratio of 60.70 and a beta of 1.04. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.17 and a current ratio of 1.37. Mama’s Creations, Inc. has a fifty-two week low of $3.46 and a fifty-two week high of $8.69.

Mama’s Creations (NASDAQ:MAMA) last posted its quarterly earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $28.38 million during the quarter, compared to analyst estimates of $27.80 million. Mama’s Creations had a net margin of 4.51% and a return on equity of 25.53%. During the same period last year, the firm posted $0.05 EPS. On average, equities analysts anticipate that Mama’s Creations, Inc. will post 0.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on MAMA. Craig Hallum upped their target price on shares of Mama’s Creations from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Roth Mkm reaffirmed a “buy” rating and issued a $10.00 price target (up previously from $8.50) on shares of Mama’s Creations in a research note on Wednesday, September 11th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $10.00.

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.