Evernest Financial Advisors LLC Has $1.01 Million Stock Position in Mama's Creations, Inc. (NASDAQ:MAMA)
Evernest Financial Advisors LLC reduced its stake in Mama's Creations, Inc. (NASDAQ:MAMA) by 18.7% in Q1, now holding 155,192 shares valued at $1.01 million. Other hedge funds also adjusted their positions, with Charles Schwab increasing its stake by 4.5%. Mama's Creations reported a quarterly EPS of $0.03, exceeding estimates, and has a market cap of $308.03 million. Analysts maintain a "buy" rating with a target price of $10.50. The stock opened at $8.19, reflecting a 1.7% increase.
Evernest Financial Advisors LLC reduced its stake in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 18.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 155,192 shares of the company's stock after selling 35,715 shares during the period. Evernest Financial Advisors LLC owned approximately 0.41% of Mama's Creations worth $1,010,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its stake in Mama's Creations by 4.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 97,534 shares of the company's stock valued at $635,000 after buying an additional 4,231 shares in the last quarter. Diamond Hill Capital Management Inc. raised its stake in Mama's Creations by 36.1% during the first quarter. Diamond Hill Capital Management Inc. now owns 558,579 shares of the company's stock worth $3,636,000 after acquiring an additional 148,147 shares in the last quarter. Legato Capital Management LLC bought a new position in shares of Mama's Creations during the first quarter valued at $71,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Mama's Creations in the 1st quarter valued at $116,000. Finally, Trail Ridge Investment Advisors LLC boosted its stake in shares of Mama's Creations by 4.3% in the 1st quarter. Trail Ridge Investment Advisors LLC now owns 74,647 shares of the company's stock valued at $486,000 after purchasing an additional 3,098 shares in the last quarter. 45.18% of the stock is owned by institutional investors and hedge funds.
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Mama's Creations Stock Up 1.7%
Shares of MAMA opened at $8.19 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.01 and a current ratio of 1.29. Mama's Creations, Inc. has a 52 week low of $5.50 and a 52 week high of $9.98. The firm has a market capitalization of $308.03 million, a price-to-earnings ratio of 74.46 and a beta of 0.75. The business's fifty day moving average price is $8.51 and its two-hundred day moving average price is $7.37.
Mama's Creations (NASDAQ:MAMA - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. Mama's Creations had a return on equity of 18.19% and a net margin of 3.41%. The firm had revenue of $35.30 million during the quarter, compared to analyst estimates of $32.74 million. On average, analysts predict that Mama's Creations, Inc. will post 0.09 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on MAMA shares. Roth Capital reiterated a "buy" rating and set a $10.00 target price (up previously from $9.00) on shares of Mama's Creations in a research report on Wednesday, June 4th. Wall Street Zen raised shares of Mama's Creations from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $10.50.
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Mama's Creations Profile
(Free Report)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.
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