Mama’s Creations, Inc. (NASDAQ:MAMA) Short Interest Update

Mama’s Creations, Inc. (NASDAQ:MAMA) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 601,500 shares, a drop of 14.2% from the June 15th total of 701,400 shares. Approximately 1.8% of the company’s shares are sold short. Based on an average daily trading volume, of 444,400 shares, the short-interest ratio is currently 1.4 days.

Institutional Trading of Mama’s Creations

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wasatch Advisors LP acquired a new position in shares of Mama’s Creations during the 4th quarter worth about $19,069,000. Vanguard Group Inc. raised its stake in Mama’s Creations by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 1,479,944 shares of the company’s stock valued at $7,400,000 after acquiring an additional 45,500 shares during the period. Bard Associates Inc. acquired a new stake in Mama’s Creations during the 4th quarter valued at $5,688,000. Heartland Advisors Inc. bought a new position in Mama’s Creations during the fourth quarter worth $4,664,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Mama’s Creations by 185.4% in the first quarter. Russell Investments Group Ltd. now owns 790,987 shares of the company’s stock valued at $3,955,000 after purchasing an additional 513,824 shares during the last quarter. 45.18% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MAMA shares. Lake Street Capital boosted their price objective on Mama’s Creations from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Roth Mkm reissued a “buy” rating and issued a $8.50 target price (up from $6.50) on shares of Mama’s Creations in a research note on Wednesday, June 12th. Finally, Craig Hallum lifted their price objective on Mama’s Creations from $8.00 to $9.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $9.38.

Mama’s Creations Stock Up 3.5 %

NASDAQ:MAMA traded up $0.26 during trading hours on Monday, reaching $7.66. 313,050 shares of the stock were exchanged, compared to its average volume of 358,566. The stock has a market cap of $285.41 million, a PE ratio of 49.34 and a beta of 1.09. Mama’s Creations has a twelve month low of $2.94 and a twelve month high of $7.85. The firm has a 50 day moving average of $6.79 and a 200 day moving average of $5.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.37 and a quick ratio of 1.21.

Mama’s Creations (NASDAQ:MAMA) last released its earnings results on Tuesday, June 11th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Mama’s Creations had a net margin of 5.19% and a return on equity of 31.02%. The business had revenue of $29.84 million during the quarter, compared to the consensus estimate of $26.10 million. On average, equities analysts expect that Mama’s Creations will post 0.15 earnings per share for the current 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.