Mama's Creations, Inc. (NASDAQ:MAMA) Shares Sold by Millrace Asset Group Inc.

Millrace Asset Group Inc. trimmed its position in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 67.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,113 shares of the company's stock after selling 93,936 shares during the quarter. Millrace Asset Group Inc. owned approximately 0.12% of Mama's Creations worth $337,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Planning Capital Management Corp acquired a new stake in Mama's Creations in the third quarter valued at $36,000. SG Americas Securities LLC acquired a new stake in shares of Mama's Creations during the 1st quarter worth about $56,000. Keynote Financial Services LLC purchased a new stake in Mama's Creations during the first quarter worth approximately $76,000. The Manufacturers Life Insurance Company acquired a new position in Mama's Creations in the second quarter valued at approximately $86,000. Finally, Ballentine Partners LLC purchased a new position in Mama's Creations in the third quarter valued at approximately $110,000. 45.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Craig Hallum lifted their price target on shares of Mama's Creations from $9.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, September 11th. Roth Mkm reiterated a "buy" rating and set a $10.00 target price (up previously from $8.50) on shares of Mama's Creations in a research report on Wednesday, September 11th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $10.00.

Insider Activity at Mama's Creations

In other news, CEO Adam Laurance Michaels sold 65,898 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $7.42, for a total value of $488,963.16. Following the sale, the chief executive officer now directly owns 543,260 shares in the company, valued at $4,030,989.20. This represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.00% of the stock is currently owned by company insiders.

Mama's Creations Stock Performance

NASDAQ MAMA traded up $0.02 during trading on Tuesday, reaching $9.32. The company's stock had a trading volume of 455,565 shares, compared to its average volume of 330,962. The business's fifty day moving average price is $7.89 and its 200-day moving average price is $7.52. 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 firm has a market cap of $350.25 million, a price-to-earnings ratio of 71.54 and a beta of 1.04. Mama's Creations, Inc. has a twelve month low of $3.46 and a twelve month high of $9.48.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last issued its earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The business had revenue of $28.38 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm earned $0.05 earnings per share. As a group, analysts anticipate that Mama's Creations, Inc. will post 0.14 EPS for the current fiscal 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.