Annex Advisory Services LLC Increases Stock Position in Mama's Creations, Inc. (NASDAQ:MAMA)

Annex Advisory Services LLC raised its holdings in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 693.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 714,308 shares of the company's stock after purchasing an additional 624,289 shares during the period. Annex Advisory Services LLC owned approximately 1.92% of Mama's Creations worth $5,214,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in MAMA. SG Americas Securities LLC acquired a new position in Mama's Creations during the first quarter worth about $56,000. Keynote Financial Services LLC bought a new position in Mama's Creations during the 1st quarter worth approximately $76,000. The Manufacturers Life Insurance Company acquired a new position in shares of Mama's Creations in the 2nd quarter worth approximately $86,000. Onyx Bridge Wealth Group LLC acquired a new position in shares of Mama's Creations in the 1st quarter worth approximately $125,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Mama's Creations during the fourth quarter worth $182,000. Institutional investors and hedge funds own 45.18% of the company's stock.

Mama's Creations Stock Up 0.6 %

Shares of NASDAQ MAMA traded up $0.05 during trading on Friday, hitting $8.07. 189,731 shares of the company traded hands, compared to its average volume of 345,404. The firm has a market capitalization of $303.27 million, a price-to-earnings ratio of 62.08 and a beta of 1.03. The business's fifty day moving average is $7.83 and its 200 day moving average is $6.93. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.17 and a current ratio of 1.37. Mama's Creations, Inc. has a fifty-two week low of $3.31 and a fifty-two week high of $8.69.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last announced its quarterly earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. Mama's Creations had a return on equity of 25.53% and a net margin of 4.51%. The business had revenue of $28.38 million for the quarter, compared to analyst estimates of $27.80 million. During the same quarter in the prior year, the company earned $0.05 earnings per share. Equities research analysts predict that Mama's Creations, Inc. will post 0.14 earnings per share for the current fiscal year.

Insider Activity at Mama's Creations

In related news, CEO Adam Laurance Michaels sold 65,898 shares of the company's 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 sale, the chief executive officer now owns 543,260 shares in the company, valued at $4,030,989.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 10.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MAMA. Craig Hallum upped their price target on shares of Mama's Creations from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday, September 11th. Roth Mkm restated 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 analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Mama's Creations currently has a consensus rating of "Buy" and an average target price of $10.00.

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.