Mama’s Creations, Inc. (NASDAQ:MAMA) Shares Bought by Evernest Financial Advisors LLC

Evernest Financial Advisors LLC lifted its position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 190,907 shares of the company’s stock after buying an additional 2,907 shares during the period. Evernest Financial Advisors LLC owned approximately 0.51% of Mama’s Creations worth $1,520,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Planning Capital Management Corp purchased a new stake in Mama’s Creations during the third quarter worth approximately $36,000. FMR LLC boosted its position in Mama’s Creations by 23,422.7% during the 3rd quarter. FMR LLC now owns 5,175 shares of the company’s stock worth $38,000 after purchasing an additional 5,153 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in Mama’s Creations during the 2nd quarter worth $86,000. SG Americas Securities LLC acquired a new stake in Mama’s Creations in the 3rd quarter valued at $90,000. Finally, Ballentine Partners LLC purchased a new position in Mama’s Creations in the third quarter valued at about $110,000. 45.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MAMA shares. Roth Mkm reiterated a “buy” rating and issued a $11.00 target price (up previously from $10.00) on shares of Mama’s Creations in a research note on Tuesday, December 17th. Lake Street Capital lifted their price objective on shares of Mama’s Creations from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $10.67.

Mama’s Creations Trading Up 3.4 %

NASDAQ:MAMA opened at $7.88 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.00 and a current ratio of 1.17. Mama’s Creations, Inc. has a one year low of $4.17 and a one year high of $9.98. The business’s 50-day simple moving average is $8.24 and its 200 day simple moving average is $7.97. The stock has a market cap of $296.21 million, a price-to-earnings ratio of 87.57 and a beta of 1.07.

Mama’s Creations (NASDAQ:MAMA) last posted its quarterly earnings data on Monday, December 16th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). Mama’s Creations had a return on equity of 16.52% and a net margin of 3.02%. During the same period in the previous year, the company earned $0.05 EPS. As a group, sell-side analysts predict that Mama’s Creations, Inc. will post 0.09 earnings per share for the current fiscal year.

Mama’s Creations Profile

Mama’s Creations, Inc engages in the marketing, manufacturing, and distribution of beef meatballs with sauce, turkey meatballs with sauce, beef meat loaf, sausage and peppers, chicken parmesan, and other similar meats and sauces. Its products include beef meatballs, turkey meatballs, stuffed meatballs, lasagna roll ups, retail ready meals, bulk deli, single-size pasta bowls, and packaged refrigerated products.