Perritt Capital Management Inc Has $539,000 Holdings in Mama's Creations, Inc. (NASDAQ:MAMA)

Perritt Capital Management Inc cut its position in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 67.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,000 shares of the company's stock after selling 167,203 shares during the quarter. Perritt Capital Management Inc owned 0.21% of Mama's Creations worth $539,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Jump Financial LLC acquired a new position in shares of Mama's Creations during the fourth quarter worth $323,000. Heartland Advisors Inc. acquired a new stake in shares of Mama's Creations in the fourth quarter valued at about $4,664,000. Navellier & Associates Inc. acquired a new position in shares of Mama's Creations in the fourth quarter worth approximately $571,000. Worth Venture Partners LLC bought a new stake in Mama's Creations in the fourth quarter valued at approximately $63,000. Finally, Bard Associates Inc. acquired a new stake in Mama's Creations during the 4th quarter valued at approximately $5,688,000. 45.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on MAMA. Craig Hallum upped their price objective on shares of Mama's Creations from $9.00 to $10.00 and gave the company a "buy" rating in a research note on Wednesday. Lake Street Capital increased their price target on Mama's Creations from $7.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday, June 12th. Finally, Roth Mkm reissued a "buy" rating and issued a $10.00 price objective (up from $8.50) on shares of Mama's Creations in a research note on Wednesday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Mama's Creations presently has an average rating of "Buy" and an average price target of $10.00.

Mama's Creations Stock Up 2.7 %

NASDAQ:MAMA traded up $0.21 during trading hours on Thursday, reaching $8.09. The company had a trading volume of 472,900 shares, compared to its average volume of 351,287. Mama's Creations, Inc. has a twelve month low of $3.31 and a twelve month high of $8.69. The company has a quick ratio of 1.21, a current ratio of 1.37 and a debt-to-equity ratio of 0.29. The firm has a market cap of $301.46 million, a price-to-earnings ratio of 53.93 and a beta of 1.06. The business's 50-day simple moving average is $7.74 and its two-hundred day simple moving average is $6.50.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last issued its earnings results on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. Mama's Creations had a return on equity of 31.02% and a net margin of 5.19%. The company had revenue of $28.38 million during the quarter, compared to the consensus estimate of $27.80 million. During the same period last year, the business posted $0.05 EPS. On average, equities analysts expect that Mama's Creations, Inc. will post 0.15 earnings per share for the current year.

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.