B. Riley Wealth Advisors Inc. Sells 7,421 Shares of Mama’s Creations, Inc. (NASDAQ:MAMA)

B. Riley Wealth Advisors Inc. cut its holdings in Mama’s Creations, Inc. (NASDAQ:MAMA) by 25.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 21,289 shares of the company’s stock after selling 7,421 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Mama’s Creations were worth $155,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Annex Advisory Services LLC boosted its stake in Mama’s Creations by 693.5% during the third quarter. Annex Advisory Services LLC now owns 714,308 shares of the company’s stock worth $5,214,000 after acquiring an additional 624,289 shares in the last quarter. Portolan Capital Management LLC raised its holdings in shares of Mama’s Creations by 177.2% during the third quarter. Portolan Capital Management LLC now owns 953,629 shares of the company’s stock valued at $6,961,000 after purchasing an additional 609,605 shares during the period. First Eagle Investment Management LLC raised its holdings in shares of Mama’s Creations by 166.0% during the second quarter. First Eagle Investment Management LLC now owns 619,376 shares of the company’s stock valued at $4,175,000 after purchasing an additional 386,542 shares during the period. Renaissance Technologies LLC boosted its position in shares of Mama’s Creations by 75.1% during the 2nd quarter. Renaissance Technologies LLC now owns 441,200 shares of the company’s stock worth $2,974,000 after purchasing an additional 189,247 shares in the last quarter. Finally, VELA Investment Management LLC grew its stake in shares of Mama’s Creations by 87.9% in the 2nd quarter. VELA Investment Management LLC now owns 387,152 shares of the company’s stock valued at $2,609,000 after buying an additional 181,088 shares during the period. 45.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MAMA. Lake Street Capital upped their price target on Mama’s Creations from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Roth Mkm reaffirmed a “buy” rating and set a $11.00 target price (up from $10.00) on shares of Mama’s Creations in a research report on Tuesday, December 17th. Finally, Craig Hallum increased their target price on Mama’s Creations from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, Mama’s Creations has a consensus rating of “Buy” and a consensus target price of $10.67.

Mama’s Creations Price Performance

MAMA stock opened at $7.45 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.17 and a current ratio of 1.37. The business has a 50-day simple moving average of $8.43 and a two-hundred day simple moving average of $7.83. The company has a market capitalization of $280.02 million, a P/E ratio of 57.31 and a beta of 1.10. Mama’s Creations, Inc. has a 52-week low of $4.17 and a 52-week high of $9.98.

Mama’s Creations (NASDAQ:MAMA) last announced its earnings results on Monday, December 16th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). Mama’s Creations had a net margin of 4.51% and a return on equity of 25.53%. During the same period in the previous year, the firm posted $0.05 EPS. Research analysts expect that Mama’s Creations, Inc. will post 0.14 EPS for the current fiscal year.

Insiders Place Their Bets

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 65,898 shares of the 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 completion of the sale, the chief executive officer now owns 543,260 shares in the company, valued at approximately $4,030,989.20. This trade represents a 10.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 10.00% of the company’s stock.

Mama’s Creations 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.