CM Wealth Advisors LLC Invests $1.05 Million in Mama’s Creations, Inc. $MAMA

CM Wealth Advisors LLC purchased a new position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 58,894 shares of the company’s stock, valued at approximately $1,051,000. CM Wealth Advisors LLC owned about 0.14% of Mama’s Creations as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning acquired a new stake in Mama’s Creations in the 2nd quarter worth about $141,000. Rhumbline Advisers raised its holdings in shares of Mama’s Creations by 4.8% during the second quarter. Rhumbline Advisers now owns 46,824 shares of the company’s stock valued at $389,000 after acquiring an additional 2,125 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Mama’s Creations by 1.6% in the second quarter. American Century Companies Inc. now owns 89,062 shares of the company’s stock valued at $739,000 after acquiring an additional 1,375 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of Mama’s Creations in the second quarter valued at approximately $100,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Mama’s Creations in the second quarter worth approximately $136,000. 45.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MAMA shares. William Blair assumed coverage on Mama’s Creations in a research report on Friday, July 24th. They set an “outperform” rating for the company. Zacks Research lowered Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. DA Davidson reaffirmed a “buy” rating and set a $25.00 target price on shares of Mama’s Creations in a research note on Monday, July 13th. Weiss Ratings raised shares of Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Finally, Wall Street Zen cut shares of Mama’s Creations from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $19.83.

Mama’s Creations Stock Performance

Shares of Mama’s Creations stock opened at $16.48 on Thursday. The business’s 50 day moving average price is $17.80 and its 200 day moving average price is $16.07. The company has a market cap of $674.69 million, a price-to-earnings ratio of 117.71 and a beta of 0.56. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.32. Mama’s Creations, Inc. has a one year low of $7.89 and a one year high of $21.00.

Mama’s Creations (NASDAQ:MAMA) last issued its earnings results on Monday, June 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. Mama’s Creations had a return on equity of 14.69% and a net margin of 3.21%.The company had revenue of $52.77 million during the quarter, compared to analysts’ expectations of $51.63 million. During the same period in the prior year, the business earned $0.03 EPS. On average, research analysts predict that Mama’s Creations, Inc. will post 0.24 EPS for the current year.

About Mama’s Creations

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.