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

Mama’s Creations, Inc. (NASDAQ:MAMA) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 1,570,000 shares, a growth of 161.0% from the June 30th total of 601,500 shares. Approximately 4.7% of the shares of the company are sold short. Based on an average daily volume of 484,700 shares, the days-to-cover ratio is currently 3.2 days.

Institutional Trading of Mama’s Creations

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp increased its position in shares of Mama’s Creations by 312.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 118,165 shares of the company’s stock worth $796,000 after purchasing an additional 89,527 shares during the last quarter. Annex Advisory Services LLC acquired a new position in Mama’s Creations in the 2nd quarter valued at about $607,000. Keynote Financial Services LLC acquired a new position in Mama’s Creations in the 1st quarter valued at about $76,000. B. Riley Wealth Advisors Inc. grew its position in Mama’s Creations by 29.5% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 50,490 shares of the company’s stock valued at $252,000 after acquiring an additional 11,490 shares in the last quarter. Finally, Ancora Advisors LLC grew its position in Mama’s Creations by 123.5% in the 1st quarter. Ancora Advisors LLC now owns 254,180 shares of the company’s stock valued at $1,271,000 after acquiring an additional 140,460 shares in the last quarter. 45.18% of the stock is owned by institutional investors and hedge funds.

Mama’s Creations Trading Up 0.8 %

Shares of MAMA traded up $0.06 during midday trading on Friday, reaching $7.58. The company had a trading volume of 44,824 shares, compared to its average volume of 363,390. Mama’s Creations has a 1-year low of $2.94 and a 1-year high of $8.37. The stock has a market cap of $282.43 million, a PE ratio of 50.14 and a beta of 1.09. The firm has a 50 day simple moving average of $7.01 and a 200-day simple moving average of $5.72. The company has a quick ratio of 1.21, a current ratio of 1.37 and a debt-to-equity ratio of 0.29.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings data on Tuesday, June 11th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The business had revenue of $29.84 million for the quarter, compared to analyst estimates of $26.10 million. Mama’s Creations had a return on equity of 31.02% and a net margin of 5.19%. Research analysts forecast that Mama’s Creations will post 0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MAMA has been the topic of a number of analyst reports. Craig Hallum raised their price objective on shares of Mama’s Creations from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Roth Mkm reiterated a “buy” rating and set a $8.50 target price (up previously from $6.50) on shares of Mama’s Creations in a research report on Wednesday, June 12th. Finally, Lake Street Capital increased their target price on Mama’s Creations from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $9.38.

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.