Evernest Financial Advisors LLC Acquires 138,000 Shares of Mama's Creations, Inc. (NASDAQ:MAMA)

Evernest Financial Advisors LLC increased its holdings in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 276.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 188,000 shares of the company's stock after purchasing an additional 138,000 shares during the period. Evernest Financial Advisors LLC owned approximately 0.50% of Mama's Creations worth $1,372,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new position in Mama's Creations during the 3rd quarter valued at $1,106,000. Annex Advisory Services LLC raised its position in shares of Mama's Creations by 693.5% during the third quarter. Annex Advisory Services LLC now owns 714,308 shares of the company's stock valued at $5,214,000 after buying an additional 624,289 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Mama's Creations in the third quarter valued at about $90,000. The Manufacturers Life Insurance Company bought a new stake in shares of Mama's Creations in the second quarter valued at about $86,000. Finally, Squarepoint Ops LLC grew its position in Mama's Creations by 32.8% during the second quarter. Squarepoint Ops LLC now owns 32,246 shares of the company's stock worth $217,000 after buying an additional 7,960 shares in the last quarter. Institutional investors own 45.18% of the company's stock.

Insider Transactions at Mama's Creations

In other Mama's Creations news, CEO Adam Laurance Michaels sold 65,898 shares of Mama's Creations stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $7.42, for a total value of $488,963.16. Following the completion of the transaction, the chief executive officer now owns 543,260 shares in the company, valued at approximately $4,030,989.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 10.00% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on MAMA shares. Roth Mkm reiterated a "buy" rating and issued a $10.00 price objective (up previously from $8.50) on shares of Mama's Creations in a research report on Wednesday, September 11th. Craig Hallum raised their target price on Mama's Creations from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Wednesday, September 11th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $10.00.

Mama's Creations Price Performance

Shares of Mama's Creations stock traded down $0.04 during midday trading on Tuesday, hitting $7.67. 158,287 shares of the company were exchanged, compared to its average volume of 340,066. The firm has a 50 day simple moving average of $7.92 and a 200-day simple moving average of $7.07. Mama's Creations, Inc. has a 52 week low of $3.31 and a 52 week high of $8.69. The firm has a market cap of $285.81 million, a P/E ratio of 51.40 and a beta of 1.03. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.37 and a quick ratio of 1.17.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last posted its earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $28.38 million for the quarter, compared to analyst estimates 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 prior year, the firm earned $0.05 EPS. Research analysts forecast that Mama's Creations, Inc. will post 0.14 earnings per share for the current year.

About Mama's Creations

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.